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REGISTERED NUMBER: 01132903 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2024

FOR

HATLEY PARK FARMS LIMITED

HATLEY PARK FARMS LIMITED (REGISTERED NUMBER: 01132903)






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


HATLEY PARK FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: M R L Astor
E M Astor





REGISTERED OFFICE: Estate Office
Hatley St.George
Sandy
Bedfordshire
SG19 3HW





REGISTERED NUMBER: 01132903 (England and Wales)





ACCOUNTANTS: Thompson Taraz Rand Ltd
Chartered Accountants
10 Jesus Lane
Cambridge
Cambridgeshire
CB5 8BA

HATLEY PARK FARMS LIMITED (REGISTERED NUMBER: 01132903)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 541,382 594,822
Investments 6 317 259
541,699 595,081

CURRENT ASSETS
Stocks 702,920 638,956
Debtors 7 151,226 199,328
Cash at bank and in hand 279,933 449,991
1,134,079 1,288,275
CREDITORS
Amounts falling due within one year 8 (129,717 ) (260,981 )
NET CURRENT ASSETS 1,004,362 1,027,294
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,546,061

1,622,375

CREDITORS
Amounts falling due after more than
one year

9

(300,000

)

(300,000

)

PROVISIONS FOR LIABILITIES 10 (119,339 ) (132,443 )
NET ASSETS 1,126,722 1,189,932

CAPITAL AND RESERVES
Called up share capital 11 50,100 50,100
Investments revaluation
reserve 346 288
Retained earnings 1,076,276 1,139,544
SHAREHOLDERS' FUNDS 1,126,722 1,189,932

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.

HATLEY PARK FARMS LIMITED (REGISTERED NUMBER: 01132903)

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 and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:





M R L Astor - Director


HATLEY PARK FARMS LIMITED (REGISTERED NUMBER: 01132903)

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

1. STATUTORY INFORMATION

Hatley Park 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue recognition
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 adjusted for the opening and closing valuation of harvested crops.

Revenue from sale of goods is recognised when goods are delivered and legal title has passed.

Tangible fixed assets
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 bases:

Security equipment 1 year, straight line basis
Grain drying plant 10 years, straight line basis
Drainage works 10 years, straight line basis
Plant and machinery 8 years, straight line basis
Tractors and combines 8 years, straight line basis
Motor vehicles 7 years, straight line basis
Office equipment 3 years, straight line basis

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any.

Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving stocks. Cost includes all production costs of growing and harvested crops.


Financial instruments
Basic financial assets and basic financial liabilities as defined under section 11 of FRS 102, including trade and other debtors, trade and other creditors, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, 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.

HATLEY PARK FARMS LIMITED (REGISTERED NUMBER: 01132903)

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

3. ACCOUNTING POLICIES - continued

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 or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates defined contribution pension schemes for farm and management employees. Contributions payable for the year are charged in the profit and loss account.

The company also grants an ex gratia pension to an ex management employee. This pension is recognised in the profit and loss account of the period in which it is granted.

Operating leases
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Grain
Property Security drying Drainage
improvements equipment plant works
£    £    £    £   
COST
At 1 October 2023 48,004 25,563 43,471 62,960
Additions - - - -
Disposals - - - -
At 30 September 2024 48,004 25,563 43,471 62,960
DEPRECIATION
At 1 October 2023 - 25,563 43,471 62,960
Charge for year - - - -
Eliminated on disposal - - - -
At 30 September 2024 - 25,563 43,471 62,960
NET BOOK VALUE
At 30 September 2024 48,004 - - -
At 30 September 2023 48,004 - - -

HATLEY PARK FARMS LIMITED (REGISTERED NUMBER: 01132903)

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

5. TANGIBLE FIXED ASSETS - continued

Tractors
Plant and and Motor Office
machinery combines vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2023 395,844 697,576 97,132 16,324 1,386,874
Additions 53,620 - - - 53,620
Disposals (20,590 ) - (23,330 ) - (43,920 )
At 30 September 2024 428,874 697,576 73,802 16,324 1,396,574
DEPRECIATION
At 1 October 2023 170,543 394,427 79,127 15,961 792,052
Charge for year 38,753 48,058 3,542 363 90,716
Eliminated on disposal (4,246 ) - (23,330 ) - (27,576 )
At 30 September 2024 205,050 442,485 59,339 16,324 855,192
NET BOOK VALUE
At 30 September 2024 223,824 255,091 14,463 - 541,382
At 30 September 2023 225,301 303,149 18,005 363 594,822

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Tractors
Plant and and
machinery combines Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 112,861 384,464 497,325
DEPRECIATION
At 1 October 2023 19,986 81,316 101,302
Charge for year 14,107 48,058 62,165
At 30 September 2024 34,093 129,374 163,467
NET BOOK VALUE
At 30 September 2024 78,768 255,090 333,858
At 30 September 2023 92,875 303,148 396,023

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2023 259
Revaluations 58
At 30 September 2024 317
NET BOOK VALUE
At 30 September 2024 317
At 30 September 2023 259

HATLEY PARK FARMS LIMITED (REGISTERED NUMBER: 01132903)

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

6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 September 2024 is represented by:

Other
investments
£   
Valuation in 2019 276
Valuation in 2020 (158 )
Valuation in 2021 74
Valuation in 2022 (14 )
Valuation in 2023 81
Valuation in 2024 58
317

The listed investments were valued on a market value basis on 30 September 2024 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 116,475 160,783
Other debtors (1 ) 23,618
VAT 34,752 14,927
151,226 199,328

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 124,778
Trade creditors 95,507 66,117
Social security and other taxes 3,670 3,988
Other creditors 19,245 55,343
Director's current account 11,295 10,755
129,717 260,981

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 300,000 300,000

Other creditors represent 300,000 £1 Preference Shares issued at par. These shares are entitled to a fixed, cumulative, preferred dividend calculated at the Interest Rate on the Issue Price. The preferred dividend shall be paid in cash on 30th September 2023 and yearly thereafter. All unpaid arrears and accruals of the deferred dividend shall be paid on the date of exit. The Interest Rate is the base rate of National Westminster Bank PLC less 2%, subject to a minimum of 0.1%. The exit date means a share sale or disposal.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 119,339 132,443

HATLEY PARK FARMS LIMITED (REGISTERED NUMBER: 01132903)

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

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 October 2023 132,443
Provided during year (13,104 )
Charge/(credit) for the year
Balance at 30 September 2024 119,339

Deferred tax is recognised in respect of the excess of capital allowances over depreciation.

11. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
50,100 Ordinary shares £1 50,100 50,100

12. OTHER FINANCIAL COMMITMENTS

At 30 September 2024 the company had a total commitment under a non cancellable operating lease over the remaining life of that lease of £58,795 (2023 £58,795).