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REGISTERED NUMBER: 00842089 (England and Wales)













AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

MOLESCROFT FARMS LIMITED

MOLESCROFT FARMS LIMITED (REGISTERED NUMBER: 00842089)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


MOLESCROFT FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: M J W Hall
Mrs C D Hall
Miss J J W Hall
Miss T C W Hall
Mrs C R W Parsonage





SECRETARY: Miss T C W Hall





REGISTERED OFFICE: Manor Farm
Manor House Lane
Walkington
Beverley
East Yorkshire
HU17 8SU





REGISTERED NUMBER: 00842089 (England and Wales)





AUDITORS: BCO Accountants LLP
Chartered Certified Accountants
and Statutory Auditors
Driffield

MOLESCROFT FARMS LIMITED (REGISTERED NUMBER: 00842089)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,176,145 4,231,057
Investments 5 920,638 786,068
5,096,783 5,017,125

CURRENT ASSETS
Stocks 315,133 299,768
Debtors 6 353,583 191,957
Cash at bank 940,119 666,203
1,608,835 1,157,928
CREDITORS
Amounts falling due within one year 7 (1,038,512 ) (670,843 )
NET CURRENT ASSETS 570,323 487,085
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,667,106

5,504,210

PROVISIONS FOR LIABILITIES 9 (211,400 ) (240,000 )
NET ASSETS 5,455,706 5,264,210

CAPITAL AND RESERVES
Called up share capital 1,251,000 1,251,000
Share premium 698,167 698,167
Fair value reserve 10 124,177 33,805
Retained earnings 3,382,362 3,281,238
SHAREHOLDERS' FUNDS 5,455,706 5,264,210

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 Board of Directors and authorised for issue on 27 May 2025 and were signed on its behalf by:




Miss T C W Hall - Director



M J W Hall - Director


MOLESCROFT FARMS LIMITED (REGISTERED NUMBER: 00842089)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Molescroft Farms Limited 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.

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.

Preparation of consolidated financial statements
The ultimate parent company is Molescroft Farm Estate Limited. The registered office of Molescroft Farm Estate Limited is Molescroft Farm, Grange Way, Beverley, HU17 9FS.

The financial statements of the company are consolidated in the financial statements of Molescroft Farm Estate Limited . These consolidated financial statements are available from its registered office, Molescroft Farm, Grange Way, Beverley, HU17 9FS.

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 and not provided
Plant and machinery etc - 25% on reducing balance, at variable rates on reducing balance and Straight line over 20 years

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 year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

MOLESCROFT FARMS LIMITED (REGISTERED NUMBER: 00842089)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued

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.

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.

Investments
Investments comprise investments in quoted equity instruments which are measured at fair value. Changes in fair value are recognised in profit or loss. Fair value is calculated as the market value at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 3,964,136 1,917,530 5,881,666
Additions 105,473 71,090 176,563
Disposals - (20,655 ) (20,655 )
At 31 August 2024 4,069,609 1,967,965 6,037,574
DEPRECIATION
At 1 September 2023 430,380 1,220,229 1,650,609
Charge for year 51,595 173,788 225,383
Eliminated on disposal - (14,563 ) (14,563 )
At 31 August 2024 481,975 1,379,454 1,861,429
NET BOOK VALUE
At 31 August 2024 3,587,634 588,511 4,176,145
At 31 August 2023 3,533,756 697,301 4,231,057

Included in cost of land and buildings is freehold land of £ 1,489,892 (2023 - £ 1,489,892 ) which is not depreciated.

MOLESCROFT FARMS LIMITED (REGISTERED NUMBER: 00842089)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023 270,000
Transfer to ownership (270,000 )
At 31 August 2024 -
DEPRECIATION
At 1 September 2023 127,997
Transfer to ownership (127,997 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 142,003

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 September 2023 786,068
Additions 44,198
Revaluations 90,372
At 31 August 2024 920,638
NET BOOK VALUE
At 31 August 2024 920,638
At 31 August 2023 786,068

Cost or valuation at 31 August 2024 is represented by:

Other
investments
£   
Valuation in 2024 920,623
Cost 15
920,638

MOLESCROFT FARMS LIMITED (REGISTERED NUMBER: 00842089)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 333,915 173,291
Other debtors 19,668 18,666
353,583 191,957

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 36,250
Trade creditors 110,213 78,038
Taxation and social security 92,284 60,302
Other creditors 836,015 496,253
1,038,512 670,843

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts - 36,250

Hire purchase liabilities are secured on the asset that were purchased with this finance.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 211,400 240,000

Deferred
tax
£   
Balance at 1 September 2023 240,000
Credit to Income Statement during year (28,600 )
Release
Balance at 31 August 2024 211,400

MOLESCROFT FARMS LIMITED (REGISTERED NUMBER: 00842089)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


10. RESERVES
Fair
value
reserve
£   
At 1 September 2023 33,805
Gain on revaluation of investments 90,372

At 31 August 2024 124,177

11. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Christopher Bryan Wilson FCCA (Senior Statutory Auditor)
for and on behalf of BCO Accountants LLP

12. ULTIMATE CONTROLLING PARTY

At 31 August 2024 Molescroft Farms Limited was a wholly owned subsidiary of Molescroft Farm Estate Limited . Molescroft Farm Estate Limited is the only group into which these financial statements are
consolidated and these group accounts can be obtained from its registered office Molescroft Farm, Grange Way, Beverley, HU17 9FS . Molescroft Farm Estate Limited is held under the control of its directors.