Caseware UK (AP4) 2024.0.164 2024.0.164 2025-03-312025-03-312025-05-23No description of principal activity2024-02-23The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false10falsetruefalse SC800308 2024-02-22 SC800308 2024-02-23 2025-03-31 SC800308 2022-04-24 2024-02-22 SC800308 2025-03-31 SC800308 c:Director1 2024-02-23 2025-03-31 SC800308 c:Director1 2025-03-31 SC800308 c:Director2 2024-02-23 2025-03-31 SC800308 c:Director2 2025-03-31 SC800308 c:Director3 2024-02-23 2025-03-31 SC800308 c:Director3 2025-03-31 SC800308 c:RegisteredOffice 2024-02-23 2025-03-31 SC800308 d:Buildings 2024-02-23 2025-03-31 SC800308 d:Buildings 2025-03-31 SC800308 d:Buildings d:OwnedOrFreeholdAssets 2024-02-23 2025-03-31 SC800308 d:PlantMachinery 2024-02-23 2025-03-31 SC800308 d:PlantMachinery 2025-03-31 SC800308 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-02-23 2025-03-31 SC800308 d:MotorVehicles 2024-02-23 2025-03-31 SC800308 d:MotorVehicles 2025-03-31 SC800308 d:MotorVehicles d:OwnedOrFreeholdAssets 2024-02-23 2025-03-31 SC800308 d:OtherPropertyPlantEquipment 2024-02-23 2025-03-31 SC800308 d:OtherPropertyPlantEquipment 2025-03-31 SC800308 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-02-23 2025-03-31 SC800308 d:OwnedOrFreeholdAssets 2024-02-23 2025-03-31 SC800308 d:CurrentFinancialInstruments 2025-03-31 SC800308 d:Non-currentFinancialInstruments 2025-03-31 SC800308 d:CurrentFinancialInstruments d:WithinOneYear 2025-03-31 SC800308 d:Non-currentFinancialInstruments d:AfterOneYear 2025-03-31 SC800308 d:ShareCapital 2025-03-31 SC800308 d:RetainedEarningsAccumulatedLosses 2025-03-31 SC800308 c:OrdinaryShareClass1 2024-02-23 2025-03-31 SC800308 c:OrdinaryShareClass1 2025-03-31 SC800308 c:OrdinaryShareClass1 2024-02-22 SC800308 c:FRS102 2024-02-23 2025-03-31 SC800308 c:AuditExempt-NoAccountantsReport 2024-02-23 2025-03-31 SC800308 c:FullAccounts 2024-02-23 2025-03-31 SC800308 c:PrivateLimitedCompanyLtd 2024-02-23 2025-03-31 SC800308 e:PoundSterling 2024-02-23 2025-03-31 iso4217:GBP xbrli:shares xbrli:pure
Registered number: SC800308










FENTON FARMING LIMITED
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

 
FENTON FARMING LIMITED
 

COMPANY INFORMATION


DIRECTORS
Graham Fenton (appointed 23 February 2024)
William Fenton (appointed 23 February 2024)
Karen Walker (appointed 23 February 2024)




REGISTERED NUMBER
SC800308



REGISTERED OFFICE
Westby
64 West High Street

Forfar

DD8 1BJ




ACCOUNTANTS
EQ Accountants Limited
Chartered Accountants

Westby

64 West High Street

Forfar

Angus

DD8 1BJ





 
FENTON FARMING LIMITED
REGISTERED NUMBER: SC800308

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

31 March
2025
£

FIXED ASSETS
  

Tangible assets
 4 
6,169,304

  
6,169,304

CURRENT ASSETS
  

Stocks
  
551,109

Debtors: amounts falling due within one year
 5 
1,156,065

Cash at bank and in hand
  
593

  
1,707,767

Creditors: amounts falling due within one year
 6 
(4,159,418)

NET CURRENT (LIABILITIES)/ASSETS
  
 
 
(2,451,651)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
3,717,653

Creditors: amounts falling due after more than one year
 7 
(2,890,033)

PROVISIONS FOR LIABILITIES
  

Deferred tax
  
(739,883)

  
 
 
(739,883)

NET ASSETS
  
87,737


CAPITAL AND RESERVES
  

Called up share capital 
 8 
100

Profit and loss account
  
87,637

  
87,737


Page 1

 
FENTON FARMING LIMITED
REGISTERED NUMBER: SC800308

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 May 2025.




Graham Fenton
William Fenton
Director
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
FENTON FARMING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

1.


GENERAL INFORMATION

Fenton Farming Limited is private company, limited by shares, incorporated in Scotland with registration number SC800308. The registered office is Westby, 64 West High Street, Forfar, DD8 1BJ. 
The financial statements are presented in Sterling which is the functional currency of the Company and rounded to the neares £.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.
 
2.3

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

Page 3

 
FENTON FARMING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

CURRENT AND DEFERRED TAXATION

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


Page 4

 
FENTON FARMING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
12.5%
Reducing balance
Motor vehicles
-
25.0%
Reducing balance
Tractors
-
12.5%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

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.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.8

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the period was 10 (2024 - 0).

Page 5

 
FENTON FARMING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

4.


TANGIBLE FIXED ASSETS







Land and property
Plant and machinery
Motor vehicles
Tractors
Total

£
£
£
£
£



COST OR VALUATION


Additions
3,209,772
2,034,570
10,818
1,492,531
6,747,691


Disposals
-
(82,000)
-
(72,031)
(154,031)



At 31 March 2025

3,209,772
1,952,570
10,818
1,420,500
6,593,660



DEPRECIATION


Charge for the period on owned assets
-
244,087
2,704
177,565
424,356



At 31 March 2025

-
244,087
2,704
177,565
424,356



NET BOOK VALUE



At 31 March 2025
3,209,772
1,708,483
8,114
1,242,935
6,169,304


5.


DEBTORS

31 March
2025
£


Trade debtors
200,819

Other debtors
949,969

Prepayments and accrued income
5,277

1,156,065


Page 6

 
FENTON FARMING LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2025

6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31 March
2025
£

Bank overdrafts
106,267

Bank loans
222,429

Trade creditors
235,639

Other taxation and social security
66,921

Obligations under finance lease and hire purchase contracts
329,312

Other creditors
3,177,924

Accruals and deferred income
20,926

4,159,418


The bank loans are secured by a bond and floating charge over the property and all the assets of the Company. Hire purchase liabilities are secured over the assets to which they relate.


7.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31 March
2025
£

Bank loans
1,774,412

Net obligations under finance leases and hire purchase contracts
1,115,621

2,890,033


The bank loans are secured by a bond and floating charge over the property and all the assets of the Company. Hire purchase liabilities are secured over the assets to which they relate.


8.


SHARE CAPITAL

31 March
2025
£
ALLOTTED, CALLED UP AND FULLY PAID


100 (2024 - 100) Ordinary shares of £1.00 each
100



Page 7