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REGISTERED NUMBER: 03270143 (England and Wales)


















Unaudited Financial Statements for the Year Ended 30th September 2024

for

AJD Farms Limited

AJD Farms Limited (Registered number: 03270143)






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


AJD Farms Limited

Company Information
for the year ended 30th September 2024







DIRECTORS: C B Dewhirst
T C Dewhirst
J W Dewhirst





SECRETARY: J W Dewhirst





REGISTERED OFFICE: Field House
Scarborough Road
Driffield
East Yorkshire
YO25 5UY





REGISTERED NUMBER: 03270143 (England and Wales)





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

AJD Farms Limited (Registered number: 03270143)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 508,254 508,440
Investment property 6 405,042 405,042
913,296 913,482

CURRENT ASSETS
Stocks 79,709 81,248
Debtors 7 81,859 152,181
Cash at bank 106,554 82,553
268,122 315,982
CREDITORS
Amounts falling due within one year 8 115,583 140,269
NET CURRENT ASSETS 152,539 175,713
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,065,835

1,089,195

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 524,900 524,900
Fair value reserve 6,674 6,674
Retained earnings 534,161 557,521
SHAREHOLDERS' FUNDS 1,065,835 1,089,195

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.

AJD Farms Limited (Registered number: 03270143)

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 Profit & Loss Account has not been delivered.

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





J W Dewhirst - Director


AJD Farms Limited (Registered number: 03270143)

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

1. STATUTORY INFORMATION

AJD 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
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 significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually when the farm products have been delivered.

Intangible assets
Basic Payment Scheme entitlements are initially recognised at cost and are amortised on a straight line basis over their expected useful life. At the reporting date, the entitlements had been fully amortised. The Basic Payment Scheme commenced in 2015 and ceased during the 2022 accounting period.

Entitlements acquired via the ownership of existing land, and therefore have no cost, have been revalued to fair value on the transition to FRS 102 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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold Land - Nil
Plant and machinery - 25% on reducing balance and 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


AJD Farms Limited (Registered number: 03270143)

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

2. ACCOUNTING POLICIES - continued
Current and 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 substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st October 2023 8,053
Disposals (8,053 )
At 30th September 2024 -
AMORTISATION
At 1st October 2023 8,053
Eliminated on disposal (8,053 )
At 30th September 2024 -
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 -

AJD Farms Limited (Registered number: 03270143)

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

5. TANGIBLE FIXED ASSETS
Freehold Plant and
Land machinery Totals
£    £    £   
COST
At 1st October 2023
and 30th September 2024 507,605 299,252 806,857
DEPRECIATION
At 1st October 2023 - 298,417 298,417
Charge for year - 186 186
At 30th September 2024 - 298,603 298,603
NET BOOK VALUE
At 30th September 2024 507,605 649 508,254
At 30th September 2023 507,605 835 508,440

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st October 2023
and 30th September 2024 405,042
NET BOOK VALUE
At 30th September 2024 405,042
At 30th September 2023 405,042

Fair value at 30th September 2024 is represented by:
£   
Valuation in 2015 4,153
Valuation in 2016 2,085
Valuation in 2017 2,079
Cost 396,725
405,042

The directors have assessed the fair value of the investment properties as at 30 September 2024 and consider there to be no material changes from 2023.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,850 121,075
Other debtors 29,009 31,106
81,859 152,181

AJD Farms Limited (Registered number: 03270143)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 61,832 58,413
Taxation and social security 49,395 37,211
Other creditors 4,356 44,645
115,583 140,269