Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302023-10-01false33falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 08865656 2023-10-01 2024-09-30 08865656 2022-10-01 2023-09-30 08865656 2024-09-30 08865656 2023-09-30 08865656 c:Director2 2023-10-01 2024-09-30 08865656 d:Buildings 2023-10-01 2024-09-30 08865656 d:Buildings 2024-09-30 08865656 d:Buildings 2023-09-30 08865656 d:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 08865656 d:OtherPropertyPlantEquipment 2024-09-30 08865656 d:OtherPropertyPlantEquipment 2023-09-30 08865656 d:FreeholdInvestmentProperty 2023-10-01 2024-09-30 08865656 d:FreeholdInvestmentProperty 2024-09-30 08865656 d:FreeholdInvestmentProperty 2023-09-30 08865656 d:FreeholdInvestmentProperty 2 2023-10-01 2024-09-30 08865656 d:CurrentFinancialInstruments 2024-09-30 08865656 d:CurrentFinancialInstruments 2023-09-30 08865656 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 08865656 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 08865656 d:ShareCapital 2024-09-30 08865656 d:ShareCapital 2023-09-30 08865656 d:SharePremium 2024-09-30 08865656 d:SharePremium 2023-09-30 08865656 d:RetainedEarningsAccumulatedLosses 2024-09-30 08865656 d:RetainedEarningsAccumulatedLosses 2023-09-30 08865656 c:FRS102 2023-10-01 2024-09-30 08865656 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 08865656 c:FullAccounts 2023-10-01 2024-09-30 08865656 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08865656 2 2023-10-01 2024-09-30 08865656 d:AcceleratedTaxDepreciationDeferredTax 2024-09-30 08865656 d:AcceleratedTaxDepreciationDeferredTax 2023-09-30 08865656 d:TaxLossesCarry-forwardsDeferredTax 2024-09-30 08865656 d:TaxLossesCarry-forwardsDeferredTax 2023-09-30 08865656 d:OtherDeferredTax 2024-09-30 08865656 d:OtherDeferredTax 2023-09-30 08865656 f:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 08865656










PLESSEY CHECKS FARMING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
PLESSEY CHECKS FARMING LIMITED
REGISTERED NUMBER: 08865656

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 3 
2,161,045
2,098,911

Investment property
 4 
4,452,000
4,600,039

  
6,613,045
6,698,950

Current assets
  

Stocks
 5 
23,849
3,807

Debtors: amounts falling due within one year
 6 
143,948
158,072

Bank and cash balances
  
2,026,758
1,950,074

  
2,194,555
2,111,953

Creditors: amounts falling due within one year
 7 
(61,965)
(107,566)

Net current assets
  
 
 
2,132,590
 
 
2,004,387

Total assets less current liabilities
  
8,745,635
8,703,337

Provisions for liabilities
  

Deferred tax
 8 
(35,678)
(19,685)

  
 
 
(35,678)
 
 
(19,685)

Net assets
  
8,709,957
8,683,652


Capital and reserves
  

Called up share capital 
  
1,000,001
1,000,001

Share premium account
  
7,256,216
7,256,216

Profit and loss account
  
453,740
427,435

  
8,709,957
8,683,652


Page 1

 
PLESSEY CHECKS FARMING LIMITED
REGISTERED NUMBER: 08865656
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

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 year 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 17 June 2025.


W M Wood
Director

Page 2

 
PLESSEY CHECKS FARMING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Plessey Checks Farming Limited is a private company limited by shares incorporated in England and Wales (Co number: 08865656). The registered office is Blagdon Estate Office, Seaton Burn, Newcastle upon Tyne, NE13 6DE.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company has cash resources and no requirement for external funding. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accounting appropriate in preparing the annual financial statements.

 
2.3

Turnover

Turnover comprises revenue recognised by the company in respect of farm produce supplied during the year, exclusive of Value Added Tax and trade discounts. 

  
2.4

Tangible fixed assets and depreciation

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 and buildings and standing timber are not depreciated.

 
2.5

Investment property

Investment property is carried at fair value and any changes 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 balance sheet 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.

Page 3

 
PLESSEY CHECKS FARMING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.7

Cash and cash equivalents

Cash at bank and in hand are basic financial assets and include cash in hand.

 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

Current and deferred taxation

The tax expense for the year 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 balance sheet 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 balance sheet 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 balance sheet date.


Page 4

 
PLESSEY CHECKS FARMING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Tangible fixed assets





Land and buildings
Standing timber
Total

£
£
£



Cost or valuation


At 1 October 2023
2,095,416
3,495
2,098,911


Additions
62,134
-
62,134



At 30 September 2024

2,157,550
3,495
2,161,045






Net book value



At 30 September 2024
2,157,550
3,495
2,161,045



At 30 September 2023
2,095,416
3,495
2,098,911

Page 5

 
PLESSEY CHECKS FARMING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
4,600,039


Additions at cost
16,773


Surplus on revaluation
(164,812)



At 30 September 2024
4,452,000

The investment property has been valued by the directors of the company. The valuation was made on an open market value basis by reference to the rental yield.









5.


Stocks

2024
2023
£
£

Growing crops
6,126
-

Finished produce
17,723
3,807

23,849
3,807



6.


Debtors

2024
2023
£
£


Trade debtors
32,694
45,017

Other debtors
10,960
2,514

Prepayments and accrued income
100,294
110,541

143,948
158,072


Page 6

 
PLESSEY CHECKS FARMING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
50,799
44,611

Accruals and deferred income
11,166
62,955

61,965
107,566



8.


Deferred taxation




2024


£






At beginning of year
(19,685)


Charged to profit or loss
(15,993)



At end of year
(35,678)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(271,962)
(246,767)

Tax losses carried forward
195,081
227,082

Capital losses
41,203
-

(35,678)
(19,685)

 
Page 7