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REGISTERED NUMBER: 01232108 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2024 TO 31 AUGUST 2024

FOR

STANTON FARMS LTD

STANTON FARMS LTD (REGISTERED NUMBER: 01232108)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2024 TO 31 AUGUST 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


STANTON FARMS LTD

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2024 TO 31 AUGUST 2024







DIRECTOR: Mrs C M Kerss





SECRETARY: E N Stanton





REGISTERED OFFICE: 27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE





REGISTERED NUMBER: 01232108 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

STANTON FARMS LTD (REGISTERED NUMBER: 01232108)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

31.8.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 986,484 430,435
Investments 5 7,240 53,695
Investment property 6 350,000 740,000
1,343,724 1,224,130

CURRENT ASSETS
Stocks 56,270 50,533
Debtors 7 392,445 281,215
Cash at bank 21,030 5,483
469,745 337,231
CREDITORS
Amounts falling due within one year 8 192,251 208,314
NET CURRENT ASSETS 277,494 128,917
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,621,218

1,353,047

CREDITORS
Amounts falling due after more than one
year

9

(317,499

)

(250,763

)

PROVISIONS FOR LIABILITIES (202,305 ) (50,175 )
NET ASSETS 1,101,414 1,052,109

CAPITAL AND RESERVES
Called up share capital 7,500 7,500
Revaluation reserve 11 420,265 530,749
Capital redemption reserve 101,500 101,500
Retained earnings 572,149 412,360
1,101,414 1,052,109

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

STANTON FARMS LTD (REGISTERED NUMBER: 01232108)

STATEMENT OF FINANCIAL POSITION - continued
31 AUGUST 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 May 2025 and were signed by:





Mrs C M Kerss - Director


STANTON FARMS LTD (REGISTERED NUMBER: 01232108)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2024 TO 31 AUGUST 2024

1. STATUTORY INFORMATION

Stanton Farms Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The reporting period has been shortened by four months in order to align with the demerger, therefore, comparatives are not entirely comparable.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery - 25% on reducing balance, 20% reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance and 20% reducing balance
Computer equipment - 33% on cost

Fixed assets are recorded at historic cost less accumulated depreciation and any provisions for impairment, with the exception of the company's land and buildings which were previously revalued on 1 January 1986. Under the transitional provisions of Financial Reporting Standard 15 "Tangible Fixed Assets", the land and buildings continued to be held on that basis and on transition to Financial Reporting Standard 102 Section 1A, the valuation is treated as deemed cost.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
In accordance with standard accounting practice, investment properties are revalued annually and the aggregate surplus or deficit is transferred to a revaluation reserve. No depreciation or amortisation is provided in respect of freehold investment properties.

Although the Companies Act would normally require the systematic annual depreciation of fixed assets, the directors believe that the policy of not providing depreciation is necessary in order to give a true and fair view, since the current value of investment properties, and changes to that current value, are of prime importance rather than a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation, and the amount which might otherwise have been included cannot be separately identified or quantified.

STANTON FARMS LTD (REGISTERED NUMBER: 01232108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 31 AUGUST 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants
Government grants received are treated as deferred income and credited to the profit and loss account over the estimated useful life of the relevant fixed assets.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2023 - 3 ) .

STANTON FARMS LTD (REGISTERED NUMBER: 01232108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Leasehold Land and Plant and
improvements buildings machinery
£    £    £   
COST OR VALUATION
At 1 January 2024 32,137 589,274 225,522
Additions - 24,170 -
Transfer on demerger - (104,811 ) -
Revaluations - 419,978 -
At 31 August 2024 32,137 928,611 225,522
DEPRECIATION
At 1 January 2024 32,137 225,654 159,218
Charge for period - 7,755 8,830
Revaluation adjustments - (233,242 ) -
Transfer on demerger - (167 ) -
At 31 August 2024 32,137 - 168,048
NET BOOK VALUE
At 31 August 2024 - 928,611 57,474
At 31 December 2023 - 363,620 66,304

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 January 2024 146 4,060 851,139
Additions - - 24,170
Transfer on demerger - - (104,811 )
Revaluations - - 419,978
At 31 August 2024 146 4,060 1,190,476
DEPRECIATION
At 1 January 2024 138 3,557 420,704
Charge for period 1 111 16,697
Revaluation adjustments - - (233,242 )
Transfer on demerger - - (167 )
At 31 August 2024 139 3,668 203,992
NET BOOK VALUE
At 31 August 2024 7 392 986,484
At 31 December 2023 8 503 430,435

Included in cost or valuation of land and buildings is freehold land of £ 151,793 (2023 - £ 150,054 ) which is not depreciated.

STANTON FARMS LTD (REGISTERED NUMBER: 01232108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 August 2024 is represented by:

Leasehold Land and Plant and
improvements buildings machinery
£    £    £   
Valuation in 2024 - 928,611 -
Cost 32,137 - 225,522
32,137 928,611 225,522

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2024 - - 928,611
Cost 146 4,060 261,865
146 4,060 1,190,476

If land and buildings had not been revalued they would have been included at the following historical cost:

31.8.24 31.12.23
£    £   
Cost 296,879 511,145
Aggregate depreciation 149,192 254,594

Value of land in freehold land and buildings 151,793 150,054

Land and buildings were valued on an open market basis on 31 August 2024 by Brown & Co .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST OR VALUATION
At 1 January 2024
and 31 August 2024 50,000
DEPRECIATION
At 1 January 2024 19,600
Charge for period 4,053
At 31 August 2024 23,653
NET BOOK VALUE
At 31 August 2024 26,347
At 31 December 2023 30,400

STANTON FARMS LTD (REGISTERED NUMBER: 01232108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 31 AUGUST 2024

5. FIXED ASSET INVESTMENTS

31.08.24 31.12.23
£    £   
Shares in group undertakings 5,787 100
Other investments not loans 1,453 53,595
7,240 53,695

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 January 2024 100
Revaluation 5,687
NET BOOK VALUE
At 31 August 2024 5,787
At 31 December 2023 100


Interest in partnership - Park Farm Arable 31.08.2024
£
At 1 January 2023 52,206
Profit for the year 13,201
Capital introduced 11,000
Drawings (36,000 )
Transfer (40,407 )
At 31 August 2024 -

On 30 August 2024, the business of Stanton Farms Limited was split between Stanton Farms Limited and Stanton Farms Holdings Limited, together with the interest in Park Farm Arable moving to Stanton Farms Holdings Limited and Park Farm Tourism Limited remaining with Stanton Farms Limited.


On 30 August 2024, Stanton Farms Limited was transferred to Stanton Farms Developments Limited by a distribution in specie.


On 2 September 2024, a capital reduction demerger took place in which the group headed by Stanton Farms Limited was distributed to Park Farm Snettisham Limited.


Investments other than loans Listed Unlisted Total
£    £    £   
At 1 January 2024 1,289 100 1,389
Disposals - - -
Revaluation 164 (100 ) 64
At 31 August 2024 1,453 - 1,453

STANTON FARMS LTD (REGISTERED NUMBER: 01232108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 31 AUGUST 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024 740,000
Transfer on demerger (390,000 )
At 31 August 2024 350,000
NET BOOK VALUE
At 31 August 2024 350,000
At 31 December 2023 740,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 350,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.8.24 31.12.23
£    £   
Cost 139,350 278,700

Investment properties were valued on an open market basis on 31 August 2024 by Brown & Co .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.12.23
£    £   
Trade debtors 3,829 9,011
Amounts owed by group undertakings 353,937 202,521
Other debtors 34,679 69,683
392,445 281,215

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.12.23
£    £   
Bank loans and overdrafts 47,485 37,885
Hire purchase contracts 1,425 7,021
Trade creditors 7,737 16,256
Taxation and social security 19,059 3,597
Other creditors 116,545 143,555
192,251 208,314

STANTON FARMS LTD (REGISTERED NUMBER: 01232108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2024 TO 31 AUGUST 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.24 31.12.23
£    £   
Bank loans 313,263 245,200
Other creditors 4,236 5,563
317,499 250,763

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due in more than 5
years by instalments 113,944 64,692
113,944 64,692

10. SECURED DEBTS

The following secured debts are included within creditors:

31.8.24 31.12.23
£    £   
Bank loans 360,748 283,085
Hire purchase contracts 1,425 7,021
362,173 290,106

11. RESERVES
Revaluation
reserve
£   
At 1 January 2024 530,749
Elimination of revaluation of land and
buildings transferred

(357,071

)

Revaluation 494,593
Reclassification (248,006 )

At 31 August 2024 420,265