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REGISTERED NUMBER: 00815212 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

Shedden Farms Limited

Shedden Farms Limited (Registered number: 00815212)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Shedden Farms Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs M A Shedden
R C Shedden
D F Shedden
Mrs N A Shedden
I C Pears
H I Shedden





SECRETARY: R C Shedden





REGISTERED OFFICE: Shipton Grange
Shipton by Beningbrough
York
North Yorkshire
YO30 1AP





REGISTERED NUMBER: 00815212 (England and Wales)





ACCOUNTANTS: Yorkshire Accountants Ripon
Eva Lett House
1 South Crescent
Ripon
North Yorkshire
HG4 1SN

Shedden Farms Limited (Registered number: 00815212)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,085,945 5,023,373
3,085,945 5,023,373

CURRENT ASSETS
Stocks 6 1,192,386 2,183,762
Debtors 7 813,044 1,464,479
Investments 8 7,464 7,255
Cash in hand 1 1
2,012,895 3,655,497
CREDITORS
Amounts falling due within one year 9 1,705,668 2,924,618
NET CURRENT ASSETS 307,227 730,879
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,393,172

5,754,252

CREDITORS
Amounts falling due after more than one
year

10

(1,667,342

)

(1,901,572

)

PROVISIONS FOR LIABILITIES (570,504 ) (519,383 )
NET ASSETS 1,155,326 3,333,297

CAPITAL AND RESERVES
Called up share capital 151,552 151,552
Share premium 19,500 19,500
Retained earnings 984,274 3,162,245
SHAREHOLDERS' FUNDS 1,155,326 3,333,297

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

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

The directors acknowledge their 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.

Shedden Farms Limited (Registered number: 00815212)

Balance Sheet - 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 and authorised for issue by the Board of Directors and authorised for issue on 29 May 2025 and were signed on its behalf by:





R C Shedden - Director


Shedden Farms Limited (Registered number: 00815212)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Shedden 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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements are being amortised evenly over their estimated useful life of five years.

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.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Plant and Machinery - 15% on reducing balance
Office Equipment - 15% on reducing balance
Motor Vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Shedden Farms Limited (Registered number: 00815212)

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.

Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2023 - 19 ) .

4. INTANGIBLE FIXED ASSETS
Entitlements
£   
COST
At 1 September 2023
and 31 August 2024 6,068
AMORTISATION
At 1 September 2023
and 31 August 2024 6,068
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property Machinery
£    £    £   
COST
At 1 September 2023 1,870,224 2,148,292 4,021,847
Additions - 29,688 378,764
Disposals (784,723 ) (1,627,870 ) (1,376,066 )
At 31 August 2024 1,085,501 550,110 3,024,545
DEPRECIATION
At 1 September 2023 245,713 718,425 2,649,404
Charge for year 11,682 73,524 165,910
Eliminated on disposal (257,390 ) (533,329 ) (955,496 )
At 31 August 2024 5 258,620 1,859,818
NET BOOK VALUE
At 31 August 2024 1,085,496 291,490 1,164,727
At 31 August 2023 1,624,511 1,429,867 1,372,443

Shedden Farms Limited (Registered number: 00815212)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. TANGIBLE FIXED ASSETS - continued

Office Motor
Equipment Vehicles Tractors Totals
£    £    £    £   
COST
At 1 September 2023 7,082 240,214 1,117,982 9,405,641
Additions - 35,000 174,081 617,533
Disposals - (59,700 ) (534,815 ) (4,383,174 )
At 31 August 2024 7,082 215,514 757,248 5,640,000
DEPRECIATION
At 1 September 2023 4,535 212,340 551,851 4,382,268
Charge for year 382 9,114 83,495 344,107
Eliminated on disposal - (44,614 ) (381,491 ) (2,172,320 )
At 31 August 2024 4,917 176,840 253,855 2,554,055
NET BOOK VALUE
At 31 August 2024 2,165 38,674 503,393 3,085,945
At 31 August 2023 2,547 27,874 566,131 5,023,373

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
Machinery Tractors Totals
£    £    £   
COST
At 1 September 2023 1,035,809 501,080 1,536,889
Additions 290,000 174,081 464,081
Transfer to ownership (400,750 ) - (400,750 )
At 31 August 2024 925,059 675,161 1,600,220
DEPRECIATION
At 1 September 2023 268,770 55,762 324,532
Charge for year 51,841 71,221 123,062
Transfer to ownership (168,550 ) - (168,550 )
At 31 August 2024 152,061 126,983 279,044
NET BOOK VALUE
At 31 August 2024 772,998 548,178 1,321,176
At 31 August 2023 767,039 445,318 1,212,357

6. STOCKS
2024 2023
£    £   
Pigs - 865,804
Produce 1,022,010 834,221
Feed and Stores 21,954 262,387
Growing Crop 148,422 221,350
1,192,386 2,183,762

Shedden Farms Limited (Registered number: 00815212)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade Debtors 559,562 1,237,833
Other Debtors 248,235 219,364
Prepaid Expenses 5,247 7,282
813,044 1,464,479

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
B.A.T.A. Investment 7,079 6,870
Investments 385 385
7,464 7,255

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,129,790 1,020,325
Hire purchase contracts 220,381 295,532
Trade Creditors 273,271 1,422,508
Taxation 26,719 65,525
Other Taxes and PAYE 14,169 13,376
Directors Current Accounts 11,841 4,795
Accruals and Deferred Income 29,497 102,557
1,705,668 2,924,618

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank Loans 233,989 240,059
Bank loans - 2-5 years 540,063 613,912
Bank loans more 5 yr by instal 622,710 772,803
Hire purchase contracts 270,580 274,798
1,667,342 1,901,572

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 622,710 772,803

Shedden Farms Limited (Registered number: 00815212)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 897,216 790,182
Bank loans 1,629,336 1,856,917
2,526,552 2,647,099

Lloyds Bank hold a floating charge over all the assets of the company and additional security on land owned by the directors personally.

12. RELATED PARTY DISCLOSURES

As part of a reorganisation , on the 31st August 2024 , the company transferred net assets with a book value of £2,276,849 to Shedden Farms Livestock Ltd. This company has the same ownership as Shedden Farms Ltd.

13. ULTIMATE CONTROLLING PARTY

The company is controlled by the Shedden family being the directors DF, RC , NA & MA Shedden.