IRIS Accounts Production v25.1.3.33 00356917 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh003569172023-09-30003569172024-09-30003569172023-10-012024-09-30003569172022-09-30003569172022-10-012023-09-30003569172023-09-3000356917ns15:EnglandWales2023-10-012024-09-3000356917ns14:PoundSterling2023-10-012024-09-3000356917ns10:Director12023-10-012024-09-3000356917ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3000356917ns10:SmallEntities2023-10-012024-09-3000356917ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3000356917ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3000356917ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3000356917ns10:FullAccounts2023-10-012024-09-3000356917ns10:Director22023-10-012024-09-3000356917ns10:RegisteredOffice2023-10-012024-09-3000356917ns5:CurrentFinancialInstruments2024-09-3000356917ns5:CurrentFinancialInstruments2023-09-3000356917ns5:ShareCapital2024-09-3000356917ns5:ShareCapital2023-09-3000356917ns5:FurtherSpecificReserve2ComponentTotalEquity2024-09-3000356917ns5:FurtherSpecificReserve2ComponentTotalEquity2023-09-3000356917ns5:RetainedEarningsAccumulatedLosses2024-09-3000356917ns5:RetainedEarningsAccumulatedLosses2023-09-3000356917ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-10-012024-09-3000356917ns5:PlantMachinery2023-10-012024-09-3000356917ns5:FurnitureFittings2023-10-012024-09-3000356917ns5:MotorVehicles2023-10-012024-09-3000356917ns5:LandBuildings2023-09-3000356917ns5:PlantMachinery2023-09-3000356917ns5:FurnitureFittings2023-09-3000356917ns5:MotorVehicles2023-09-3000356917ns5:LandBuildings2023-10-012024-09-3000356917ns5:LandBuildings2024-09-3000356917ns5:PlantMachinery2024-09-3000356917ns5:FurnitureFittings2024-09-3000356917ns5:MotorVehicles2024-09-3000356917ns5:LandBuildings2023-09-3000356917ns5:PlantMachinery2023-09-3000356917ns5:FurnitureFittings2023-09-3000356917ns5:MotorVehicles2023-09-3000356917ns5:CostValuation2023-09-3000356917ns5:AdditionsToInvestments2024-09-3000356917ns5:DisposalsRepaymentsInvestments2024-09-3000356917ns5:CostValuation2024-09-3000356917ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3000356917ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30
REGISTERED NUMBER: 00356917 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

CHUTE FARMS LIMITED

CHUTE FARMS LIMITED (REGISTERED NUMBER: 00356917)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHUTE FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: J Sykes
J Sykes



REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



REGISTERED NUMBER: 00356917 (England and Wales)



ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



BANKERS: Barclays Bank plc
5 High Street
Andover
Hampshire
SP10 1LN

CHUTE FARMS LIMITED (REGISTERED NUMBER: 00356917)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,424,200 1,476,793
Investments 5 635,577 624,983
2,059,777 2,101,776

CURRENT ASSETS
Stocks 429,890 345,897
Debtors 6 99,609 327,834
Cash at bank 1,037,739 997,832
1,567,238 1,671,563
CREDITORS
Amounts falling due within one year 7 195,912 391,890
NET CURRENT ASSETS 1,371,326 1,279,673
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,431,103

3,381,449

PROVISIONS FOR LIABILITIES 62,597 62,597
NET ASSETS 3,368,506 3,318,852

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Other reserves 7,577 7,577
Retained earnings 3,320,929 3,271,275
SHAREHOLDERS' FUNDS 3,368,506 3,318,852

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.

CHUTE FARMS LIMITED (REGISTERED NUMBER: 00356917)

BALANCE SHEET - continued
30TH SEPTEMBER 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 23rd June 2025 and were signed on its behalf by:





J Sykes - Director


CHUTE FARMS LIMITED (REGISTERED NUMBER: 00356917)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


1. STATUTORY INFORMATION

Chute 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.

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.
Freehold property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Tractors and combines - 20% on reducing balance
Motor vehicles - 20% 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 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.

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.

CHUTE FARMS LIMITED (REGISTERED NUMBER: 00356917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

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.

Investments
Investments are stated at cost less any provision for diminution in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Tractors
Freehold Plant and and Motor
property machinery combines vehicles Totals
£    £    £    £    £   
COST
At 1st October 2023 1,483,099 418,037 336,746 17,891 2,255,773
Additions - 22,850 - - 22,850
Disposals - (3,800 ) - - (3,800 )
At 30th September 2024 1,483,099 437,087 336,746 17,891 2,274,823
DEPRECIATION
At 1st October 2023 335,766 316,039 111,606 15,569 778,980
Charge for year 8,222 21,604 45,027 464 75,317
Eliminated on disposal - (3,674 ) - - (3,674 )
At 30th September 2024 343,988 333,969 156,633 16,033 850,623
NET BOOK VALUE
At 30th September 2024 1,139,111 103,118 180,113 1,858 1,424,200
At 30th September 2023 1,147,333 101,998 225,140 2,322 1,476,793

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Other investments not loans 635,577 624,983

CHUTE FARMS LIMITED (REGISTERED NUMBER: 00356917)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH SEPTEMBER 2024


5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Other
investments
£   
COST
At 1st October 2023 615,779
Additions 316,662
Disposals (306,068 )
At 30th September 2024 626,373
NET BOOK VALUE
At 30th September 2024 626,373
At 30th September 2023 615,779

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Trade investments 9,204 9,204

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 40,902 157,441
Other debtors 58,707 170,393
99,609 327,834

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 121,563 306,288
Taxation and social security 33,293 44,942
Other creditors 41,056 40,660
195,912 391,890