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REGISTERED NUMBER: 09012882 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Furnival Shropshire Limited

Furnival Shropshire Limited (Registered number: 09012882)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Furnival Shropshire Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: S J Furnival
Mrs E M Furnival





REGISTERED OFFICE: Lower Farm
Bearstone
Market Drayton
Shropshire
TF9 4HH





REGISTERED NUMBER: 09012882 (England and Wales)

Furnival Shropshire Limited (Registered number: 09012882)

Balance Sheet
31 December 2024

31/12/24 31/12/23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,800 4,800
Tangible assets 5 1,837,496 1,845,275
1,842,296 1,850,075

CURRENT ASSETS
Stocks 6 435,546 473,930
Debtors 7 2,052 -
Cash at bank 32,923 15,728
470,521 489,658
CREDITORS
Amounts falling due within one year 8 241,286 257,348
NET CURRENT ASSETS 229,235 232,310
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,071,531

2,082,385

CREDITORS
Amounts falling due after more than one
year

9

(1,065,592

)

(1,126,067

)

PROVISIONS FOR LIABILITIES (26,724 ) (28,033 )
NET ASSETS 979,215 928,285

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 979,095 928,165
979,215 928,285

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.

Furnival Shropshire Limited (Registered number: 09012882)

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 June 2025 and were signed on its behalf by:





S J Furnival - Director


Furnival Shropshire Limited (Registered number: 09012882)

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


1. STATUTORY INFORMATION

Furnival Shropshire 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Plant and machinery etc - 15% 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.

Biological assets

Biological assets are recognised only when three recognition criteria have been fulfilled:
1) The entity has control over the asset as a result of past events;
2) It is probable that future economic benefits associated with the asset will flow to the entity; and
3) The fair value or cost of the asset can be measure reliably.
The company measures biological assets at cost less accumulated depreciation and accumulated impairment losses.
In respect of agricultural produce harvested from a biological asset, this is measured at the point of harvest at either the lower of cost and estimated selling price less costs to complete and sell; or fair value less costs to sell with any gain or loss arising on initial recognition of agricultural produce at fair value less costs to sell being include in the profit or loss.

Furnival Shropshire Limited (Registered number: 09012882)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet 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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, 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.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument in any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares 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 future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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.

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


Furnival Shropshire Limited (Registered number: 09012882)

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


2. ACCOUNTING POLICIES - continued
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
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 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2024
and 31 December 2024 4,800
NET BOOK VALUE
At 31 December 2024 4,800
At 31 December 2023 4,800

Furnival Shropshire Limited (Registered number: 09012882)

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


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2024 1,699,976 363,173 2,063,149
Additions - 16,845 16,845
At 31 December 2024 1,699,976 380,018 2,079,994
DEPRECIATION
At 1 January 2024 - 217,874 217,874
Charge for year - 24,624 24,624
At 31 December 2024 - 242,498 242,498
NET BOOK VALUE
At 31 December 2024 1,699,976 137,520 1,837,496
At 31 December 2023 1,699,976 145,299 1,845,275

6. STOCKS
31/12/24 31/12/23
£    £   
Herd 348,270 339,300
Stocks 87,276 134,630
435,546 473,930

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Trade debtors 2,052 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/24 31/12/23
£    £   
Bank loans and overdrafts 63,671 61,402
Hire purchase contracts 14,236 -
Trade creditors 11,205 56,721
Taxation and social security 25,812 13,862
Other creditors 126,362 125,363
241,286 257,348

Furnival Shropshire Limited (Registered number: 09012882)

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


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/24 31/12/23
£    £   
Bank loans 1,060,628 1,126,067
Hire purchase contracts 4,964 -
1,065,592 1,126,067

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 789,695 851,550

10. SECURED DEBTS

The following secured debts are included within creditors:

31/12/24 31/12/23
£    £   
Bank loans 1,124,299 1,187,469

National Westminster Bank Plc have a fixed charge on the freehold property owned by the company.