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REGISTERED NUMBER: 00816349 (England and Wales)















Financial Statements for the Year Ended 31 December 2024

for

TB EARLE (FARMS) LIMITED

TB EARLE (FARMS) LIMITED (REGISTERED NUMBER: 00816349)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


TB EARLE (FARMS) LIMITED

Company Information
for the year ended 31 December 2024







DIRECTORS: T B Earle
Mrs A K Earle





SECRETARY: Mrs A K Earle





REGISTERED OFFICE: The Springs
Killerby Home Farm
Killerby
RICHMOND
North Yorkshire
DL10 7PY





REGISTERED NUMBER: 00816349 (England and Wales)





ACCOUNTANTS: King Hope
31-33 Victoria Road
Darlington
Co. Durham
DL1 5SB

TB EARLE (FARMS) LIMITED (REGISTERED NUMBER: 00816349)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 6,625 13,965
6,626 13,966

CURRENT ASSETS
Stocks 10,837 7,391
Debtors 6 20,848 4,592
Cash at bank 37,957 99,544
69,642 111,527
CREDITORS
Amounts falling due within one year 7 54,110 64,399
NET CURRENT ASSETS 15,532 47,128
TOTAL ASSETS LESS CURRENT
LIABILITIES

22,158

61,094

PROVISIONS FOR LIABILITIES - 955
NET ASSETS 22,158 60,139

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 22,058 60,039
SHAREHOLDERS' FUNDS 22,158 60,139

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

TB EARLE (FARMS) LIMITED (REGISTERED NUMBER: 00816349)

Balance Sheet - continued
31 December 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 13 May 2025 and were signed on its behalf by:





T B Earle - Director


TB EARLE (FARMS) LIMITED (REGISTERED NUMBER: 00816349)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

TB Earle (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.

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


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.
Farm tenancy (Mr & Mrs TB Earle) was amortised with effect from 1 May 2001 over 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Farm Improvement Schemes - 10% on cost
Machinery and Vehicles - 25% 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

TB EARLE (FARMS) LIMITED (REGISTERED NUMBER: 00816349)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

4. INTANGIBLE FIXED ASSETS
Farm
Tenancy
Mr & Mrs
TB Earle
£   
COST
At 1 January 2024
and 31 December 2024 98,000
AMORTISATION
At 1 January 2024
and 31 December 2024 97,999
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

5. TANGIBLE FIXED ASSETS
Farm Machinery
Improvement and
Schemes Vehicles Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 154,161 138,729 292,890
DEPRECIATION
At 1 January 2024 149,028 129,897 278,925
Charge for year 5,132 2,208 7,340
At 31 December 2024 154,160 132,105 286,265
NET BOOK VALUE
At 31 December 2024 1 6,624 6,625
At 31 December 2023 5,133 8,832 13,965

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,769 3,182
Tax 828 828
Prepayments and accrued income 1,251 582
20,848 4,592

TB EARLE (FARMS) LIMITED (REGISTERED NUMBER: 00816349)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,542 2,013
Tax 27 27
Social security and other taxes 96 123
Directors' current accounts 46,611 59,384
Accrued expenses 2,834 2,852
54,110 64,399

8. RELATED PARTY DISCLOSURES

Rent payable to Mr TB Earle and Mrs AK Earle during the year amounted to £8,745 (2023 : £8,745)