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REGISTERED NUMBER: 00830870 (England and Wales)

















Maltas Farms Limited

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025






Maltas Farms Limited (Registered number: 00830870)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Maltas Farms Limited

COMPANY INFORMATION
for the Year Ended 31 January 2025







DIRECTORS: Mr M E Maltas
Mrs A Maltas





SECRETARY: Mr M E Maltas





REGISTERED OFFICE: Glebe Farm
Hilston Road
Roos
Hull
East Yorkshire
HU12 0JB





REGISTERED NUMBER: 00830870 (England and Wales)





ACCOUNTANTS: Southgates
Chartered Certified Accountants
9 Market Place
Hedon
East Yorkshire
HU12 8JA

Maltas Farms Limited (Registered number: 00830870)

BALANCE SHEET
31 January 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 990,712 1,014,454
990,712 1,014,454

CURRENT ASSETS
Stocks 6 104,400 109,800
Debtors 7 52,394 93,183
Cash at bank 45,798 94,708
202,592 297,691
CREDITORS
Amounts falling due within one year 8 43,301 53,751
NET CURRENT ASSETS 159,291 243,940
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,150,003

1,258,394

CREDITORS
Amounts falling due after more than one
year

9

(77,273

)

(79,932

)

PROVISIONS FOR LIABILITIES (96,585 ) (102,293 )
NET ASSETS 976,145 1,076,169

CAPITAL AND RESERVES
Called up share capital 26,075 26,075
Capital redemption reserve 3,925 3,925
Retained earnings 946,145 1,046,169
976,145 1,076,169

Maltas Farms Limited (Registered number: 00830870)

BALANCE SHEET - continued
31 January 2025


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6 June 2025 and were signed on its behalf by:





Mr M E Maltas - Director


Maltas Farms Limited (Registered number: 00830870)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Maltas 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
Basic Payment Scheme entitlements are initially recognised at cost using the performance model and are amortised on a straight line basis over their expected useful life. The Basic Payment Scheme commenced in 2015 and the cessation year was 2022.

Provision is made for any impairment.

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 - at variable rates on reducing balance
Plant and machinery - at variable rates on reducing balance
Motor 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 Profit and Loss Account, 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.

Maltas Farms Limited (Registered number: 00830870)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025

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.

Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4. INTANGIBLE FIXED ASSETS
BPS
entitlements
£   
COST
At 1 February 2024
and 31 January 2025 11,638
AMORTISATION
At 1 February 2024
and 31 January 2025 11,638
NET BOOK VALUE
At 31 January 2025 -
At 31 January 2024 -

Maltas Farms Limited (Registered number: 00830870)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 February 2024 631,018 1,031,975 31,680 1,694,673
Additions 29,724 28,000 - 57,724
Disposals - (24,000 ) - (24,000 )
At 31 January 2025 660,742 1,035,975 31,680 1,728,397
DEPRECIATION
At 1 February 2024 154,948 517,351 7,920 680,219
Charge for year 9,050 56,476 5,940 71,466
Eliminated on disposal - (14,000 ) - (14,000 )
At 31 January 2025 163,998 559,827 13,860 737,685
NET BOOK VALUE
At 31 January 2025 496,744 476,148 17,820 990,712
At 31 January 2024 476,070 514,624 23,760 1,014,454

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 February 2024 117,750
Additions 28,000
Transfer to ownership (117,750 )
At 31 January 2025 28,000
DEPRECIATION
At 1 February 2024 37,680
Charge for year 4,200
Transfer to ownership (37,680 )
At 31 January 2025 4,200
NET BOOK VALUE
At 31 January 2025 23,800
At 31 January 2024 80,070

6. STOCKS
2025 2024
£    £   
Stocks 104,400 109,800

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 13,734 45,623
Other debtors 21,402 32,702
Prepayments 17,258 14,858
52,394 93,183

Maltas Farms Limited (Registered number: 00830870)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2025

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 9,960 9,600
Hire purchase contracts 6,939 19,250
Trade creditors 17,815 14,886
Taxation and social security 2,915 3,415
Other creditors and accruals 5,672 6,600
43,301 53,751

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 1-2 years 11,280 9,720
Bank loans - 2-5 years 30,600 29,520
Bank loans more 5 yr by instal 27,812 40,692
Hire purchase contracts 7,581 -
77,273 79,932

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 27,812 40,692

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other debtors is £21,402 (2024 - £32,702) due from a director the loan will be repaid in full by 31st July 2025.