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REGISTERED NUMBER: 00715521 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

CASSELS FARM LIMITED

CASSELS FARM LIMITED (REGISTERED NUMBER: 00715521)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CASSELS FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mrs L P Cassels
O H D Cassels
R N G Cassels
Ms C I M Cassels





REGISTERED OFFICE: Deptford Farmhouse
Wylye
Warminster
Wiltshire
BA12 0QQ





REGISTERED NUMBER: 00715521 (England and Wales)





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

CASSELS FARM LIMITED (REGISTERED NUMBER: 00715521)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 509,067 555,608
Investments 5 125 125
509,192 555,733

CURRENT ASSETS
Stocks 129,938 134,726
Debtors 6 24,282 85,241
Cash at bank 328,319 208,651
482,539 428,618
CREDITORS
Amounts falling due within one year 7 276,973 312,108
NET CURRENT ASSETS 205,566 116,510
TOTAL ASSETS LESS CURRENT
LIABILITIES

714,758

672,243

CREDITORS
Amounts falling due after more than one
year

8

(216,595

)

(256,805

)

PROVISIONS FOR LIABILITIES - (907 )
NET ASSETS 498,163 414,531

CAPITAL AND RESERVES
Called up share capital 2,600 2,600
Retained earnings 495,563 411,931
SHAREHOLDERS' FUNDS 498,163 414,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

CASSELS FARM LIMITED (REGISTERED NUMBER: 00715521)

BALANCE SHEET - continued
30 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 15 June 2025 and were signed on its behalf by:





Mrs L P Cassels - Director


CASSELS FARM LIMITED (REGISTERED NUMBER: 00715521)

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


1. STATUTORY INFORMATION

Cassels Farm 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.
Freehold property - Land - no depreciation charged
Property improvements - 5% on cost
Plant and machinery - 10% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% 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.

Investments
Fixed asset investments are included at cost, less impairment.

CASSELS FARM LIMITED (REGISTERED NUMBER: 00715521)

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


2. ACCOUNTING POLICIES - continued

Government grants
Grants are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the asset. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Freehold Property Plant and
property improvements machinery
£    £    £   
COST
At 1 October 2023
and 30 September 2024 11,960 977,624 26,018
DEPRECIATION
At 1 October 2023 - 474,672 12,304
Charge for year - 39,635 1,373
At 30 September 2024 - 514,307 13,677
NET BOOK VALUE
At 30 September 2024 11,960 463,317 12,341
At 30 September 2023 11,960 502,952 13,714

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 63,973 2,922 1,082,497
DEPRECIATION
At 1 October 2023 38,015 1,898 526,889
Charge for year 5,192 341 46,541
At 30 September 2024 43,207 2,239 573,430
NET BOOK VALUE
At 30 September 2024 20,766 683 509,067
At 30 September 2023 25,958 1,024 555,608

CASSELS FARM LIMITED (REGISTERED NUMBER: 00715521)

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


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 125
NET BOOK VALUE
At 30 September 2024 125
At 30 September 2023 125

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,879 60,000
VAT 53 3,083
Prepayments and accrued income 22,350 22,158
24,282 85,241

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 20,475 38,813
Hire purchase contracts 19,734 4,525
Trade creditors 113,189 108,594
Tax 40,652 24,241
Social security and other taxes - 812
Other creditors 3,791 5,223
Directors' current accounts 72,132 122,900
Accruals and deferred income 7,000 7,000
276,973 312,108

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.24 30.9.23
£    £   
Bank loans - 1-2 years 21,290 20,475
Bank loans - 2-5 years 69,224 65,773
Bank loans more than 5 years 126,081 150,823
Hire purchase contracts - 19,734
216,595 256,805

CASSELS FARM LIMITED (REGISTERED NUMBER: 00715521)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.9.24 30.9.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 126,081 150,823

9. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank overdraft - 19,224
Bank loans 237,070 256,660
Hire purchase contracts 19,734 24,259
256,804 300,143

The bank overdraft is secured against the land farmed by the company.

10. RELATED PARTY DISCLOSURES

Included within creditors is an interest free loan from the directors of £72,132 (2023: £122,900).