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REGISTERED NUMBER: 06036592
















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Scantlebury Farm Services Limited

Scantlebury Farm Services Limited (Registered number: 06036592)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Scantlebury Farm Services Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M J Scantlebury
R Scantlebury





SECRETARY: M J Scantlebury





REGISTERED OFFICE: Parvilles Farm
Sparrow Lane
Hatfield Heath
Bishop's Stortford
Hertfordshire
CM22 7AT





REGISTERED NUMBER: 06036592





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Scantlebury Farm Services Limited (Registered number: 06036592)

Abridged Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 621,855 643,126

CURRENT ASSETS
Stocks 8,814 11,480
Debtors 126,237 154,483
Investments 100 100
Cash at bank 1,371 3,110
136,522 169,173
CREDITORS
Amounts falling due within one year 69,122 103,650
NET CURRENT ASSETS 67,400 65,523
TOTAL ASSETS LESS CURRENT
LIABILITIES

689,255

708,649

CREDITORS
Amounts falling due after more than one
year

(37,000

)

(74,000

)

PROVISIONS FOR LIABILITIES (106,265 ) (102,872 )
NET ASSETS 545,990 531,777

CAPITAL AND RESERVES
Called up share 5 200 200
Retained earnings 545,790 531,577
SHAREHOLDERS' FUNDS 545,990 531,777

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.

Scantlebury Farm Services Limited (Registered number: 06036592)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 20 May 2025 and were signed on its behalf by:




M J Scantlebury - Director



R Scantlebury - Director


Scantlebury Farm Services Limited (Registered number: 06036592)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

Scantlebury Farm Services Limited is a private company, limited by shares , registered in Not specified/Other. 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.

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.
Plant and machinery - 20% on reducing balance, 15% on reducing balance, 10% on reducing balance and Straight line over 10 years
Tractors and combines - 15% on reducing balance and 12.50% 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.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


Scantlebury Farm Services Limited (Registered number: 06036592)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued
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.

Subsidies
Income from Single Farm Payment entitlements is recognised as income of the accounting period in which all eligibility criteria for the season in question are met. The land must be eligible for subsidy for the entire calendar year, hence the income is not recognised until 31 December.

Going concern
The company has net current liabilities because it manages its working capital requirements by way of advances from the shareholders which can be made available as needed. The going concern basis of accounting is therefore appropriate.

3. EMPLOYEES AND DIRECTORS

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

Scantlebury Farm Services Limited (Registered number: 06036592)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 1,768,076
Additions 70,459
Disposals (19,750 )
At 31 December 2024 1,818,785
DEPRECIATION
At 1 January 2024 1,124,950
Charge for year 90,774
Eliminated on disposal (18,794 )
At 31 December 2024 1,196,930
NET BOOK VALUE
At 31 December 2024 621,855
At 31 December 2023 643,126

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

Totals
£   
COST
At 1 January 2024 421,957
Transfer to ownership (156,957 )
At 31 December 2024 265,000
DEPRECIATION
At 1 January 2024 131,091
Charge for year 27,825
Transfer to ownership (51,591 )
At 31 December 2024 107,325
NET BOOK VALUE
At 31 December 2024 157,675
At 31 December 2023 290,866

5. CALLED UP SHARE

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
200 Ordinary 1 200 200