IRIS Accounts Production v25.1.3.33 01241951 Board of Directors 1.10.23 30.9.24 30.9.24 Medium entities true true false true true false false true false These accounts have been prepared in accordance with the provisions applicable to companies subject to the medium-sized companies regime. Ordinary "A" 1.00000 Ordinary "B" 1.00000 Ordinary "C" 1.00000 Ordinary "D" 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012419512023-09-30012419512024-09-30012419512023-10-012024-09-30012419512022-09-30012419512022-10-012023-09-30012419512023-09-3001241951ns15:EnglandWales2023-10-012024-09-3001241951ns14:PoundSterling2023-10-012024-09-3001241951ns10:Director12023-10-012024-09-3001241951ns10:CompanySecretary12023-10-012024-09-3001241951ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3001241951ns10:MediumEntities2023-10-012024-09-3001241951ns10:Audited2023-10-012024-09-3001241951ns10:Medium-sizedCompaniesRegimeForDirectorsReport2023-10-012024-09-3001241951ns10:Medium-sizedCompaniesRegimeForAccounts2023-10-012024-09-3001241951ns10:FullAccounts2023-10-012024-09-3001241951ns10:OrdinaryShareClass22023-10-012024-09-3001241951ns10:OrdinaryShareClass32023-10-012024-09-3001241951ns10:OrdinaryShareClass42023-10-012024-09-3001241951ns10:OrdinaryShareClass52023-10-012024-09-3001241951ns10:Director32023-10-012024-09-3001241951ns10:Director42023-10-012024-09-3001241951ns10:RegisteredOffice2023-10-012024-09-3001241951ns10:Director22023-10-012024-09-3001241951ns5:CurrentFinancialInstruments2024-09-3001241951ns5:CurrentFinancialInstruments2023-09-3001241951ns5:ShareCapital2024-09-3001241951ns5:ShareCapital2023-09-3001241951ns5:RetainedEarningsAccumulatedLosses2024-09-3001241951ns5:RetainedEarningsAccumulatedLosses2023-09-3001241951ns5:ShareCapital2022-09-3001241951ns5:RetainedEarningsAccumulatedLosses2022-09-3001241951ns5:RetainedEarningsAccumulatedLosses2022-10-012023-09-3001241951ns5:RetainedEarningsAccumulatedLosses2023-10-012024-09-3001241951ns10:OrdinaryShareClass22022-10-012023-09-3001241951ns10:OrdinaryShareClass32022-10-012023-09-3001241951ns10:OrdinaryShareClass42022-10-012023-09-3001241951ns10:OrdinaryShareClass52022-10-012023-09-3001241951ns5:UnlistedNon-exchangeTradedns5:CostValuation2023-09-3001241951ns5:UnlistedNon-exchangeTraded2024-09-3001241951ns5:UnlistedNon-exchangeTraded2023-09-3001241951ns5:Subsidiary12023-10-012024-09-30012419511ns5:Subsidiary12023-10-012024-09-3001241951ns5:Subsidiary12024-09-3001241951ns5:Subsidiary12023-09-3001241951ns5:Subsidiary12022-10-012023-09-3001241951ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3001241951ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3001241951ns10:OrdinaryShareClass22024-09-3001241951ns10:OrdinaryShareClass32024-09-3001241951ns10:OrdinaryShareClass42024-09-3001241951ns10:OrdinaryShareClass52024-09-3001241951ns5:RetainedEarningsAccumulatedLosses2023-09-30
REGISTERED NUMBER: 01241951 (England and Wales)











STRATEGIC REPORT, REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BANNISTERS ARABLE PRODUCTS LIMITED

BANNISTERS ARABLE PRODUCTS LIMITED (REGISTERED NUMBER: 01241951)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Strategic Report 2

Report of the Directors 3

Report of the Independent Auditors 5

Statement of Comprehensive Income 9

Balance Sheet 10

Statement of Changes in Equity 11

Cash Flow Statement 12

Notes to the Cash Flow Statement 13

Notes to the Financial Statements 14


BANNISTERS ARABLE PRODUCTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: H M Bannister
Z A Bannister
M L Medhurst





SECRETARY: H M Bannister





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





REGISTERED NUMBER: 01241951 (England and Wales)





AUDITORS: Lloyd Dowson Audit Limited
Chartered Accountants
& Statutory Auditors
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

BANNISTERS ARABLE PRODUCTS LIMITED (REGISTERED NUMBER: 01241951)

STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The directors present their strategic report for the year ended 30 September 2024.

REVIEW OF BUSINESS
Bannisters Arable Products Limited is the holding company of Farmhouse Potato Bakers Limited.

PRINCIPAL RISKS AND UNCERTAINTIES
So far as they are aware, the directors do not consider that the company has any material risks or uncertainties.

FUTURE DEVELOPMENTS
The company intends to remain as an investment and holding company for the foreseeable future.

FINANCIAL INSTRUMENTS
The company does not have any financial instruments.

ON BEHALF OF THE BOARD:





H M Bannister - Secretary


10 June 2025

BANNISTERS ARABLE PRODUCTS LIMITED (REGISTERED NUMBER: 01241951)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

The directors present their report with the financial statements of the company for the year ended 30 September 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of a holding company.

DIVIDENDS
The total distribution of dividends for the year ended 30 September 2024 will be £ 421,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

H M Bannister
Z A Bannister
M L Medhurst

Other changes in directors holding office are as follows:

R M Bannister (Deceased) ceased to be a director after 30 September 2024 but prior to the date of this report.

DISCLOSURE IN THE STRATEGIC REPORT
In accordance with Section 414C (11) of the Companies Act 2006, the company has chosen to report details concerning financial instruments and future developments within the strategic report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

BANNISTERS ARABLE PRODUCTS LIMITED (REGISTERED NUMBER: 01241951)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 SEPTEMBER 2024



STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that she ought to have taken as a director in order to make herself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

ON BEHALF OF THE BOARD:



H M Bannister - Secretary


10 June 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BANNISTERS ARABLE PRODUCTS LIMITED

Opinion
We have audited the financial statements of Bannisters Arable Products Limited (the 'company') for the year ended 30 September 2024 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the company's affairs as at 30 September 2024 and of its profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BANNISTERS ARABLE PRODUCTS LIMITED


Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BANNISTERS ARABLE PRODUCTS LIMITED


Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The extent to which the audit was considered capable of detecting irregularities, including fraud
Irregularities are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit.

In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit.

However, it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity's operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud.

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud, the audit engagement team:
- obtained an understanding of the nature of the industry and sector, including the legal and regulatory frameworks
that the company operates in, including whether the company is complying with those legal and regulatory
frameworks;
- inquired of management, and those charged with governance, about their own identification and assessment of
the risks of irregularities, including any known actual, suspected or alleged instances of fraud; and
- discussed matters about non-compliance with laws and regulations and how fraud might occur including
assessment of how and where the financial statements may be susceptible to fraud.

As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are tax compliance regulations. We performed audit procedures to detect non-compliance which may have a material impact on the financial statements which included reviewing financial statement disclosures, inspecting correspondence with relevant tax authorities and evaluating advice received from third party advisors.

The company has remained dormant during the year therefore, the most significant laws and regulations that have an indirect impact on the financial statements are those in relation to data protection and Companies Act. We performed audit procedures to inquire of management whether the company is in compliance with these laws.

The audit engagement team identified the risk of management override of controls and the risk of fraud in revenue recognition as the areas where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included but were not limited to;
- reviewing key controls:and
- reviewing the company bank account to confirm there were no accounting entries during the year.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
BANNISTERS ARABLE PRODUCTS LIMITED


Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Rebecca Sygrove, FCCA (Senior Statutory Auditor)
for and on behalf of Lloyd Dowson Audit Limited
Chartered Accountants
& Statutory Auditors
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

10 June 2025

BANNISTERS ARABLE PRODUCTS LIMITED (REGISTERED NUMBER: 01241951)

STATEMENT OF COMPREHENSIVE
INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   

TURNOVER - -

Administrative expenses 3,628 60,124
OPERATING LOSS 4 (3,628 ) (60,124 )

Income from shares in group undertakings 400,000 200,000
Interest receivable and similar income 35,890 13,856
435,890 213,856
PROFIT BEFORE TAXATION 432,262 153,732

Tax on profit 5 8,253 -
PROFIT FOR THE FINANCIAL YEAR 424,009 153,732

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME
FOR THE YEAR

424,009

153,732

BANNISTERS ARABLE PRODUCTS LIMITED (REGISTERED NUMBER: 01241951)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Investments 7 315,807 315,807

CURRENT ASSETS
Debtors 8 400,000 202,236
Cash at bank 698,565 879,067
1,098,565 1,081,303
CREDITORS
Amounts falling due within one year 9 14,253 -
NET CURRENT ASSETS 1,084,312 1,081,303
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,400,119

1,397,110

CAPITAL AND RESERVES
Called up share capital 10 269,223 269,223
Retained earnings 11 1,130,896 1,127,887
SHAREHOLDERS' FUNDS 1,400,119 1,397,110

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


BANNISTERS ARABLE PRODUCTS LIMITED (REGISTERED NUMBER: 01241951)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 October 2022 269,223 1,197,155 1,466,378

Changes in equity
Dividends - (223,000 ) (223,000 )
Total comprehensive income - 153,732 153,732
Balance at 30 September 2023 269,223 1,127,887 1,397,110

Changes in equity
Dividends - (421,000 ) (421,000 )
Total comprehensive income - 424,009 424,009
Balance at 30 September 2024 269,223 1,130,896 1,400,119

BANNISTERS ARABLE PRODUCTS LIMITED (REGISTERED NUMBER: 01241951)

CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £   
Cash flows from operating activities
Cash generated from operations 1 (3,628 ) (60,124 )
Net cash from operating activities (3,628 ) (60,124 )

Cash flows from investing activities
Interest received 38,126 11,620
Dividends received 200,000 -
Net cash from investing activities 238,126 11,620

Cash flows from financing activities
Equity dividends paid (415,000 ) (223,000 )
Net cash from financing activities (415,000 ) (223,000 )

Decrease in cash and cash equivalents (180,502 ) (271,504 )
Cash and cash equivalents at beginning of
year

2

879,067

1,150,571

Cash and cash equivalents at end of year 2 698,565 879,067

BANNISTERS ARABLE PRODUCTS LIMITED (REGISTERED NUMBER: 01241951)

NOTES TO THE CASH FLOW STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM
OPERATIONS

30.9.24 30.9.23
£    £   
Profit before taxation 432,262 153,732
Finance income (435,890 ) (213,856 )
Cash generated from operations (3,628 ) (60,124 )

2. CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 30 September 2024
30.9.24 1.10.23
£    £   
Cash and cash equivalents 698,565 879,067
Year ended 30 September 2023
30.9.23 1.10.22
£    £   
Cash and cash equivalents 879,067 1,150,571


3. ANALYSIS OF CHANGES IN NET FUNDS

At 1.10.23 Cash flow At 30.9.24
£    £    £   
Net cash
Cash at bank 879,067 (180,502 ) 698,565
879,067 (180,502 ) 698,565
Total 879,067 (180,502 ) 698,565

BANNISTERS ARABLE PRODUCTS LIMITED (REGISTERED NUMBER: 01241951)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Bannisters Arable Products 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income, 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.

Pension costs and other post-retirement benefits
The company operates a small self administered pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. Contributions payable for the year are charged in the statement of comprehensive income.

Fixed asset investments
Fixed asset investments are valued at cost following transition to FRS102.

3. EMPLOYEES AND DIRECTORS
30.9.24 30.9.23
£    £   
Pension costs - 60,000

The average number of employees during the year was as follows:
30.9.24 30.9.23

Directors 4 4

BANNISTERS ARABLE PRODUCTS LIMITED (REGISTERED NUMBER: 01241951)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3. EMPLOYEES AND DIRECTORS - continued

30.9.24 30.9.23
£    £   
Directors' remuneration - -
Directors' pension contributions to money purchase schemes - 60,000

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes - 1

4. OPERATING LOSS

There are no items requiring disclosure under operating loss.

5. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
30.9.24 30.9.23
£    £   
Current tax:
UK corporation tax 8,253 -
Tax on profit 8,253 -

UK corporation tax has been charged at 25% (2023 - 22%).

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

30.9.24 30.9.23
£    £   
Profit before tax 432,262 153,732
Profit multiplied by the standard rate of corporation tax in the UK of 25%
(2023 - 22%)

108,066

33,821

Effects of:
Expenses not deductible for tax purposes 900 -
Income not taxable for tax purposes (100,000 ) (44,000 )
Losses surrendered to group member - 10,179
Marginal relief (713 ) -
Total tax charge 8,253 -

BANNISTERS ARABLE PRODUCTS LIMITED (REGISTERED NUMBER: 01241951)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6. DIVIDENDS
30.9.24 30.9.23
£    £   
Ordinary "A" shares of £1 each
Interim 1,500 8,000
Ordinary "B" shares of £1 each
Interim 1,500 15,000
Ordinary "C" shares of £1 each
Interim 3,000 40,000
Ordinary "D" shares of £1 each
Interim 415,000 160,000
421,000 223,000

7. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST OR VALUATION
At 1 October 2023
and 30 September 2024 315,807
NET BOOK VALUE
At 30 September 2024 315,807
At 30 September 2023 315,807

Shares in group undertakings are included at cost.

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Farmhouse Potato Bakers Limited
Registered office: Lancaster Road, Carnaby Industrial Estate, Bridlington, East Yorkshire, YO15 3QY, United Kingdom
Nature of business: Manufacturer of frozen food
%
Class of shares: holding
Ordinary 100.00
30.9.24 30.9.23
£    £   
Aggregate capital and reserves 7,397,103 6,807,354
Profit for the year 1,105,300 695,886

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Amounts owed by group undertakings 400,000 200,000
Prepayments and accrued income - 2,236
400,000 202,236

BANNISTERS ARABLE PRODUCTS LIMITED (REGISTERED NUMBER: 01241951)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Corporation tax 8,253 -
Directors' current accounts 6,000 -
14,253 -

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.24 30.9.23
value: £    £   
173,686 Ordinary "A" £1 173,686 173,686
50,685 Ordinary "B" £1 50,685 50,685
43,852 Ordinary "C" £1 43,852 43,852
1,000 Ordinary "D" £1 1,000 1,000
269,223 269,223

11. RESERVES
Retained
earnings
£   

At 1 October 2023 1,127,887
Profit for the year 424,009
Dividends (421,000 )
At 30 September 2024 1,130,896

12. ULTIMATE CONTROLLING PARTY

During the year, the company was controlled by R M Bannister.