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REGISTERED NUMBER: 03329992 (England and Wales)










Colethrop Farm Limited

Financial Statements

for the Year Ended 30th September 2024






Colethrop Farm Limited (Registered number: 03329992)






Contents of the Financial Statements
for the Year Ended 30th September 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Colethrop Farm Limited

Company Information
for the Year Ended 30th September 2024







DIRECTORS: M B Heywood
Mrs O A Davenport
P W Munro-Faure
P D Moseley





SECRETARY: N P Shields





REGISTERED OFFICE: C/o Woodward Hale
38 Dollar Street
Cirencester
Gloucestershire
GL7 2AN





REGISTERED NUMBER: 03329992 (England and Wales)





ACCOUNTANTS: Woodward Hale
Chartered Accountants
38 Dollar Street
Cirencester
Gloucestershire
GL7 2AN

Colethrop Farm Limited (Registered number: 03329992)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 1,088
Tangible assets 5 12,221,574 12,016,945
Investments 6 5,198,511 357,075
17,420,085 12,375,108

CURRENT ASSETS
Stocks 111,459 244,296
Debtors 7 261,735 1,285,428
Cash at bank and in hand 151,375 358,815
524,569 1,888,539
CREDITORS
Amounts falling due within one year 8 1,112,916 1,714,657
NET CURRENT (LIABILITIES)/ASSETS (588,347 ) 173,882
TOTAL ASSETS LESS CURRENT
LIABILITIES

16,831,738

12,548,990

CREDITORS
Amounts falling due after more than one year 9 (304,971 ) (423,641 )

PROVISIONS FOR LIABILITIES (2,881,566 ) (2,715,471 )
NET ASSETS 13,645,201 9,409,878

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 58,356 58,356
Retained earnings 13,586,745 9,351,422
13,645,201 9,409,878

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.

Colethrop Farm Limited (Registered number: 03329992)

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 25th June 2025 and were signed on its behalf by:





M B Heywood - Director


Colethrop Farm Limited (Registered number: 03329992)

Notes to the Financial Statements
for the Year Ended 30th September 2024

1. STATUTORY INFORMATION

Colethrop 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.

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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 20% on reducing balance and not provided
Plant and machinery etc - 20% on reducing balance, 4% on reducing balance, not provided and 15% to 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.

Colethrop Farm Limited (Registered number: 03329992)

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st October 2023 1,088
Disposals (1,088 )
At 30th September 2024 -
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 1,088

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st October 2023 11,294,068 937,865 12,231,933
Additions 48,701 291,863 340,564
Disposals (47,949 ) (8,318 ) (56,267 )
At 30th September 2024 11,294,820 1,221,410 12,516,230
DEPRECIATION
At 1st October 2023 10,264 204,724 214,988
Charge for year 12,683 72,577 85,260
Eliminated on disposal - (5,592 ) (5,592 )
At 30th September 2024 22,947 271,709 294,656
NET BOOK VALUE
At 30th September 2024 11,271,873 949,701 12,221,574
At 30th September 2023 11,283,804 733,141 12,016,945

Colethrop Farm Limited (Registered number: 03329992)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st October 2023 357,075
Additions 5,140,373
Disposals (298,937 )
At 30th September 2024 5,198,511
NET BOOK VALUE
At 30th September 2024 5,198,511
At 30th September 2023 357,075

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 96,717 48,043
Other debtors 165,018 1,237,385
261,735 1,285,428

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 220,398 569,323
Trade creditors 90,339 809,744
Taxation and social security 699,792 157
Other creditors 102,387 335,433
1,112,916 1,714,657

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 304,971 423,641

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 199,937 266,910

Colethrop Farm Limited (Registered number: 03329992)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

10. RESERVES
Fair
value
reserve
£   
At 1st October 2023
and 30th September 2024 58,356