IRIS Accounts Production v25.1.3.33 09721359 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh097213592023-12-31097213592024-12-31097213592024-01-012024-12-31097213592022-12-31097213592023-01-012023-12-31097213592023-12-3109721359ns15:EnglandWales2024-01-012024-12-3109721359ns14:PoundSterling2024-01-012024-12-3109721359ns10:Director12024-01-012024-12-3109721359ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3109721359ns10:SmallEntities2024-01-012024-12-3109721359ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3109721359ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3109721359ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3109721359ns10:FullAccounts2024-01-012024-12-310972135912024-01-012024-12-3109721359ns10:OrdinaryShareClass12024-01-012024-12-3109721359ns10:Director32024-01-012024-12-3109721359ns10:Director42024-01-012024-12-3109721359ns10:RegisteredOffice2024-01-012024-12-3109721359ns5:CurrentFinancialInstruments2024-12-3109721359ns5:CurrentFinancialInstruments2023-12-3109721359ns5:Non-currentFinancialInstruments2024-12-3109721359ns5:Non-currentFinancialInstruments2023-12-3109721359ns5:ShareCapital2024-12-3109721359ns5:ShareCapital2023-12-3109721359ns5:RetainedEarningsAccumulatedLosses2024-12-3109721359ns5:RetainedEarningsAccumulatedLosses2023-12-3109721359ns5:IntangibleAssetsOtherThanGoodwill2024-01-012024-12-3109721359ns5:PatentsTrademarksLicencesConcessionsSimilar2024-01-012024-12-3109721359ns5:LandBuildingsns5:OwnedOrFreeholdAssets2024-01-012024-12-3109721359ns5:PlantMachinery2024-01-012024-12-3109721359ns5:MotorVehicles2024-01-012024-12-3109721359ns5:ComputerEquipment2024-01-012024-12-3109721359ns5:IntangibleAssetsOtherThanGoodwill2023-12-3109721359ns5:IntangibleAssetsOtherThanGoodwill2024-12-3109721359ns5:IntangibleAssetsOtherThanGoodwill2023-12-3109721359ns5:LandBuildings2023-12-3109721359ns5:PlantMachinery2023-12-3109721359ns5:LandBuildings2024-01-012024-12-3109721359ns5:LandBuildings2024-12-3109721359ns5:PlantMachinery2024-12-3109721359ns5:LandBuildings2023-12-3109721359ns5:PlantMachinery2023-12-3109721359ns5:CostValuation2023-12-3109721359ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3109721359ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3109721359ns5:Secured2024-12-3109721359ns5:Secured2023-12-3109721359ns10:OrdinaryShareClass12024-12-31
REGISTERED NUMBER: 09721359 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RM BANNISTER FARMING LIMITED

RM BANNISTER FARMING LIMITED (REGISTERED NUMBER: 09721359)






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


RM BANNISTER FARMING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: H M Bannister
Z A Bannister
M L Medhurst





REGISTERED OFFICE: Burrow House Farm
Cottam
Driffield
East Yorkshire
YO25 3BS





REGISTERED NUMBER: 09721359 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

RM BANNISTER FARMING LIMITED (REGISTERED NUMBER: 09721359)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,894,183 2,670,250
Investments 6 1 1
2,894,184 2,670,251

CURRENT ASSETS
Stocks 333,550 347,219
Debtors 7 499,850 263,311
Cash at bank 91,616 407,365
925,016 1,017,895
CREDITORS
Amounts falling due within one year 8 469,614 359,978
NET CURRENT ASSETS 455,402 657,917
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,349,586

3,328,168

CREDITORS
Amounts falling due after more than one
year

9

(1,009,768

)

(1,122,335

)

PROVISIONS FOR LIABILITIES (45,256 ) (49,791 )
NET ASSETS 2,294,562 2,156,042

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 2,293,562 2,155,042
SHAREHOLDERS' FUNDS 2,294,562 2,156,042

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.

RM BANNISTER FARMING LIMITED (REGISTERED NUMBER: 09721359)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 June 2025 and were signed on its behalf by:





H M Bannister - Director


RM BANNISTER FARMING LIMITED (REGISTERED NUMBER: 09721359)

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

1. STATUTORY INFORMATION

RM Bannister Farming 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 represents crop sales and other farm income, excluding value added tax. Turnover is generated from farming activities and recognised on the exchange of goods.

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.
Freehold property - 10% on cost and 2% on cost less land element
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 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 Statement of Income and Retained Earnings, 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.

RM BANNISTER FARMING LIMITED (REGISTERED NUMBER: 09721359)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the statement of income and retained earnings over the period to which they relate.

Investments
Fixed asset investments are recorded at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 8,000
AMORTISATION
At 1 January 2024
and 31 December 2024 8,000
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 2,466,429 353,230 2,819,659
Additions 241,415 16,394 257,809
At 31 December 2024 2,707,844 369,624 3,077,468
DEPRECIATION
At 1 January 2024 - 149,409 149,409
Charge for year 4,431 29,445 33,876
At 31 December 2024 4,431 178,854 183,285
NET BOOK VALUE
At 31 December 2024 2,703,413 190,770 2,894,183
At 31 December 2023 2,466,429 203,821 2,670,250

Included in cost of land and buildings is freehold land of £ 2,192,861 (2023 - £ 2,192,861 ) which is not depreciated.

RM BANNISTER FARMING LIMITED (REGISTERED NUMBER: 09721359)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 1
NET BOOK VALUE
At 31 December 2024 1
At 31 December 2023 1

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 429,626 154,329
Other debtors 70,224 108,982
499,850 263,311

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 28,168 33,493
Trade creditors 70,092 38,237
Taxation and social security 30,980 34,515
Other creditors 340,374 253,733
469,614 359,978

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 691,529 710,420
Other creditors 318,239 411,915
1,009,768 1,122,335

Amounts falling due in more than five years:

Repayable by instalments
Bank loans - over 5 years 532,377 539,748

RM BANNISTER FARMING LIMITED (REGISTERED NUMBER: 09721359)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 719,697 743,913
Pension scheme loan 411,915 500,000
1,131,612 1,243,913

Up to 13 November 2024, R M & H M Bannister provided land as security for the Pension Scheme Loan, since this date the security is given by H M Bannister and The Estate of R M Bannister.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

12. CAPITAL COMMITMENTS
31.12.24 31.12.23
£    £   
Contracted but not provided for in the
financial statements 86,643 216,606

13. ULTIMATE CONTROLLING PARTY

During the period to 13 November 2024, the company was controlled by R M Bannister.

Since that date, the company is controlled by The Estate of R M Bannister.