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REGISTERED NUMBER: 15127830 (England and Wales)















Unaudited Financial Statements

for the Period 10 September 2023 to 30 September 2024

for

Four Quarters Farming Ltd

Four Quarters Farming Ltd (Registered number: 15127830)

Contents of the Financial Statements
for the Period 10 September 2023 to 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Four Quarters Farming Ltd

Company Information
for the Period 10 September 2023 to 30 September 2024







DIRECTORS: M S Scott
Miss A L Scott





REGISTERED OFFICE: Mickerra Farm
Harthill Road
Burwardsley
Chester
CH3 9NU





REGISTERED NUMBER: 15127830 (England and Wales)

Four Quarters Farming Ltd (Registered number: 15127830)

Balance Sheet
30 September 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 234,907

CURRENT ASSETS
Stocks 368,595
Debtors 5 128,911
Cash at bank 9,940
507,446
CREDITORS
Amounts falling due within one year 6 403,775
NET CURRENT ASSETS 103,671
TOTAL ASSETS LESS CURRENT
LIABILITIES

338,578

CREDITORS
Amounts falling due after more than one
year

7

500,824
NET LIABILITIES (162,246 )

CAPITAL AND RESERVES
Called up share capital 2
Retained earnings (162,248 )
(162,246 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 September 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.

Four Quarters Farming Ltd (Registered number: 15127830)

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





M S Scott - Director


Four Quarters Farming Ltd (Registered number: 15127830)

Notes to the Financial Statements
for the Period 10 September 2023 to 30 September 2024


1. STATUTORY INFORMATION

Four Quarters Farming 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.

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.

Going Concern
Within this years trading results were several one off set up costs that will not be repeated. The future trading performance of the company indicate improved results with milk production and price increasing.

The directors are satisfied that the company has adequate resources and therefore have prepared the accounts on a going concern basis.

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.
Plant and machinery etc - 15% on reducing balance and 10% on reducing balance

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 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 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.

Four Quarters Farming Ltd (Registered number: 15127830)

Notes to the Financial Statements - continued
for the Period 10 September 2023 to 30 September 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.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 4 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 247,300
At 30 September 2024 247,300
DEPRECIATION
Charge for period 12,393
At 30 September 2024 12,393
NET BOOK VALUE
At 30 September 2024 234,907

Four Quarters Farming Ltd (Registered number: 15127830)

Notes to the Financial Statements - continued
for the Period 10 September 2023 to 30 September 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
Additions 199,500
At 30 September 2024 199,500
DEPRECIATION
Charge for period 6,450
At 30 September 2024 6,450
NET BOOK VALUE
At 30 September 2024 193,050

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 17,229
Other debtors 111,682
128,911

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Bank loans and overdrafts 159,999
Hire purchase contracts 48,364
Trade creditors 97,637
Taxation and social security 2,285
Other creditors 95,490
403,775

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 353,500
Hire purchase contracts 147,324
500,824

Four Quarters Farming Ltd (Registered number: 15127830)

Notes to the Financial Statements - continued
for the Period 10 September 2023 to 30 September 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Bank overdraft 159,999
Bank loans 353,500
Hire purchase contracts 195,688
709,187

Oxbury Bank Plc have a floating charge over the assets of the company. Hire purchases are secured against the assets to which they relate.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 30 September 2024:

£   
M S Scott
Balance outstanding at start of period -
Amounts advanced 15,441
Amounts repaid (11,240 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 4,201

Miss A L Scott
Balance outstanding at start of period -
Amounts advanced 15,640
Amounts repaid (363 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 15,277

Directors' advances will be repaid within 9 months of the year end.