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REGISTERED NUMBER: 00479929 (England and Wales)






















Unaudited Financial Statements for the Year Ended 30 September 2024

for

R.H.Mountifield (Brantingham) Limited

R.H.Mountifield (Brantingham) Limited (Registered number: 00479929)






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


R.H.Mountifield (Brantingham) Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: Mr J.O. Mountifield
Mrs N.E. Mountifield
Mr J.R. Mountifield
Mr P.R. Mountifield





SECRETARY: Mr J.O. Mountifield





REGISTERED OFFICE: South Wold Farm
Brantingham
Brough
East Yorkshire
HU15 1QP





REGISTERED NUMBER: 00479929 (England and Wales)





ACCOUNTANTS: Smailes Goldie Limited
Chartered Accountants
Regent's Court
Princess Street
Hull
East Yorkshire
HU2 8BA

R.H.Mountifield (Brantingham) Limited (Registered number: 00479929)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,702,422 1,719,036
1,702,422 1,719,036

CURRENT ASSETS
Stocks 364,466 422,691
Debtors 6 102,093 32,738
Cash at bank 280,058 155,599
746,617 611,028
CREDITORS
Amounts falling due within one year 7 1,039,332 971,201
NET CURRENT LIABILITIES (292,715 ) (360,173 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,409,707

1,358,863

CREDITORS
Amounts falling due after more than one
year

8

183,382

191,238
NET ASSETS 1,226,325 1,167,625

CAPITAL AND RESERVES
Called up share capital 12,754 12,754
Share premium 837,246 837,246
Retained earnings 376,325 317,625
1,226,325 1,167,625

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.

R.H.Mountifield (Brantingham) Limited (Registered number: 00479929)

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:




Mr J.O. Mountifield - Director



Mr J.R. Mountifield - Director


R.H.Mountifield (Brantingham) Limited (Registered number: 00479929)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

R.H.Mountifield (Brantingham) 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
The financial statements have been prepared in accordance with applicable accounting standards including Section 1A of Financial Reporting Standard 102 The Financial Reporting Standard in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historic cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover is recognised when the economic risks and rewards pass to third parties.

Intangible assets
Basic Payment Scheme entitlements are initially recognised at cost using the performance model and are amortised on a straight line basis over their expected useful life. At the reporting date, the entitlement had been fully amortised. The original Basic Payment Scheme commenced in 2015 and ceased during the 2021 accounting year.

Entitlements acquired via the ownership of existing land, and therefore have no cost, have been revalued to fair value on transition to FRS102 and amortised over their expected useful life, in accordance with the above period of benefit expected from the Basic Payment Scheme.

Provision is made for any impairment.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Freehold land- Nil
Improvements to buildings- 2%, 4%, 5% and 10% on cost
Plant and machinery- 10%, 20% and 25% on cost, 10% and 25% on reducing
balance
Tractors, combines and motor vehicles- 20% on cost, 20% on reducing balance

Government grants
The company receives government grants in respect of the Basic Payment Scheme, under the Common Agricultural Policy. These grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the company will comply with conditions attaching to them and the grants will be received using the performance model.

Government grants received in respect of fixed assets are released to the profit and loss account in equal annual amounts over the estimated useful economic lives of the specific asset they relate to.

Other government grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate to.

R.H.Mountifield (Brantingham) Limited (Registered number: 00479929)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stocks, including biological assets, are stated at the lower of cost and net realisable value. Cost is determined using the first-in, first-out (FIFO) method and represents costs incurred to date to bring growing crops and finished produce to its current state. Net realisable value is the estimated selling price in the ordinary course of business, less applicable variable selling expenses.

Current & deferred tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current and past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. it is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved tax losses and other deferred tax assets and recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities and other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substanctively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit and loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals applicable to operating leases where substantially all of the benefits and risk of ownership
remain with the lessor are charged against profits on a straight line basis over the period of the lease.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

3. EMPLOYEES AND DIRECTORS

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

R.H.Mountifield (Brantingham) Limited (Registered number: 00479929)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 33,744
AMORTISATION
At 1 October 2023
and 30 September 2024 33,744
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Tractors,
Improvements combines
Freehold to Plant and and motor
land buildings machinery vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023
and 30 September 2024 1,586,250 231,177 141,606 128,126 2,087,159
DEPRECIATION
At 1 October 2023 - 189,915 112,283 65,925 368,123
Charge for year - 5,784 2,964 7,866 16,614
At 30 September 2024 - 195,699 115,247 73,791 384,737
NET BOOK VALUE
At 30 September 2024 1,586,250 35,478 26,359 54,335 1,702,422
At 30 September 2023 1,586,250 41,262 29,323 62,201 1,719,036

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 96,880 24,386
Other debtors 5,213 8,352
102,093 32,738

R.H.Mountifield (Brantingham) Limited (Registered number: 00479929)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,521 5,275
Hire purchase contracts 2,335 2,335
Trade creditors 140,317 42,578
Taxation and social security 600 1,226
Other creditors 890,559 919,787
1,039,332 971,201

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 181,631 187,152
Hire purchase contracts 1,751 4,086
183,382 191,238

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 157,128 163,645

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 187,152 192,427

The loan is secured via a fixed charge over the freehold property of the company.

10. RELATED PARTY DISCLOSURES

Other related parties (in the aggregate)
2024 2023
£ £

Rents paid 9,477 9,477