REGISTERED NUMBER: 01327606 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

C.W. NASH (FARMS) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C T Nash

Mrs C A Nash

SECRETARY:

Mrs C A Nash

REGISTERED OFFICE:

Manor Farm House

Manningford Bohune

Pewsey

Wiltshire

SN9 6BY

REGISTERED NUMBER:

01327606 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

BANKERS:

Lloyds Bank Plc

17 Market Place

Devizes

Wiltshire

SN10 1JD

FIXED ASSETS

Intangible assets

4

-

1,203

Tangible assets

5

5,316,559

5,152,812

Investments

6

51,281

53,435

5,367,840

5,207,450

CURRENT ASSETS

Stocks

813,855

1,179,909

Debtors

7

305,205

202,709

Cash at bank and in hand

3,198

13,566

1,122,258

1,396,184

CREDITORS

Amounts falling due within one year

8

930,945

620,886

NET CURRENT ASSETS

191,313

775,298

TOTAL ASSETS LESS CURRENT LIABILITIES

5,559,153

5,982,748

CREDITORS

Amounts falling due after more than one year

9

(595,454

)

(637,733

)

PROVISIONS FOR LIABILITIES

(255,236

)

(294,242

)

NET ASSETS

4,708,463

5,050,773

CAPITAL AND RESERVES

Called up share capital

112,000

112,000

Share premium

48,000

48,000

Retained earnings

4,548,463

4,890,773

SHAREHOLDERS' FUNDS

4,708,463

5,050,773

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

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

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 13th June 2025 and were signed on its behalf by:

C T Nash - Director

1.	STATUTORY INFORMATION

C.W. Nash (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 as modified by the revaluation of certain assets.

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.

An impairment loss has been recognised in the Income Statement, following an assessment at the Balance Sheet date indicating the recoverable amount was less than its carrying value.

BPS 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

10% on reducing balance

Plant and machinery

-

15-25% 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4.	INTANGIBLE FIXED ASSETS

BPS

Entitlements

£

COST

At 1st October 2023

145,346

Impairments

144,142

At 30th September 2024

289,488

AMORTISATION

At 1st October 2023

144,143

Impairments

145,345

At 30th September 2024

289,488

NET BOOK VALUE

At 30th September 2024

-

At 30th September 2023

1,203

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1st October 2023

4,097,179

2,156,976

6,254,155

Additions

-

561,950

561,950

Disposals

-

(281,440

)

(281,440

)

At 30th September 2024

4,097,179

2,437,486

6,534,665

DEPRECIATION

At 1st October 2023

-

1,101,343

1,101,343

Charge for year

-

296,014

296,014

Eliminated on disposal

-

(179,251

)

(179,251

)

At 30th September 2024

-

1,218,106

1,218,106

NET BOOK VALUE

At 30th September 2024

4,097,179

1,219,380

5,316,559

At 30th September 2023

4,097,179

1,055,633

5,152,812

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1st October 2023

867,405

Additions

447,836

Transfer to ownership

(115,595

)

At 30th September 2024

1,199,646

DEPRECIATION

At 1st October 2023

300,165

Charge for year

191,708

Transfer to ownership

(59,058

)

At 30th September 2024

432,815

NET BOOK VALUE

At 30th September 2024

766,831

At 30th September 2023

567,240

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1st October 2023

53,435

Revaluations

(2,154

)

At 30th September 2024

51,281

NET BOOK VALUE

At 30th September 2024

51,281

At 30th September 2023

53,435

Cost or valuation at 30th September 2024 is represented by:

Other

investments

£

Valuation in 2019

66,981

Valuation in 2020

24,142

Valuation in 2022

(29,123

)

Valuation in 2023

(12,388

)

Valuation in 2024

(2,154

)

Cost

3,823

51,281

7.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

183,035

71,007

Other debtors

24,000

27,499

Prepayments and accrued income

98,170

92,000

305,205

190,506

Amounts falling due after more than one year:

Other debtors

-

12,203

Aggregate amounts

305,205

202,709

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

341,134

205,649

Hire purchase contracts

215,341

146,397

Trade creditors

91,801

174,081

Social security and other taxes

4,624

5,921

VAT

26,116

25,799

Other creditors

17,881

20,813

Directors' current accounts

135,196

1,054

Accruals and deferred income

98,852

41,172

930,945

620,886

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

315,687

404,456

Hire purchase contracts

279,767

233,277

595,454

637,733

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

315,687

404,456

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank overdrafts

253,058

120,584

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C T Nash.