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REGISTERED NUMBER: 00883343 (England and Wales)













FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

STARTIN FARMS LIMITED

STARTIN FARMS LIMITED (REGISTERED NUMBER: 00883343)






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


STARTIN FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mrs J M Startin
J E Startin



SECRETARY: Mrs J M Startin



REGISTERED OFFICE: The Grange
Croxall
Lichfield
Staffordshire
WS13 8RB



REGISTERED NUMBER: 00883343 (England and Wales)



ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB



BANKERS: Lloyds Bank plc
17 George Street
Tamworth
Staffordshire
B79 7LW

STARTIN FARMS LIMITED (REGISTERED NUMBER: 00883343)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,881,216 2,041,154

CURRENT ASSETS
Stocks 671,466 935,858
Debtors 5 517,999 615,961
Cash at bank 70,404 142,750
1,259,869 1,694,569
CREDITORS
Amounts falling due within one year 6 520,407 723,939
NET CURRENT ASSETS 739,462 970,630
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,620,678

3,011,784

CREDITORS
Amounts falling due after more than one
year

7

1,183,476

1,215,554
NET ASSETS 1,437,202 1,796,230

CAPITAL AND RESERVES
Called up share capital 8 3,800 3,800
Retained earnings 1,433,402 1,792,430
SHAREHOLDERS' FUNDS 1,437,202 1,796,230

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.

STARTIN FARMS LIMITED (REGISTERED NUMBER: 00883343)

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 3 June 2025 and were signed on its behalf by:





J E Startin - Director


STARTIN FARMS LIMITED (REGISTERED NUMBER: 00883343)

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

1. STATUTORY INFORMATION

Startin 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
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.

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

Turnover
Turnover represents revenue recognised by the company in respect of goods and services supplied during the period, excluding value added tax.

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
Farm Buildings - 2% on cost
Implements & Machinery - 25% reducing balance
Office Equipment - 25% reducing balance
Computer equipment - 25% on cost

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 Profit and loss account, 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.

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.

STARTIN FARMS LIMITED (REGISTERED NUMBER: 00883343)

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

3. EMPLOYEES

The average number of employees during the year was 9 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Freehold Farm Implements
Land Buildings & Machinery
£    £    £   
COST
At 1 October 2023 424,669 1,104,776 2,022,271
Additions - - 13,876
Disposals - - (28,196 )
At 30 September 2024 424,669 1,104,776 2,007,951
DEPRECIATION
At 1 October 2023 - 100,660 1,416,360
Charge for year - 10,637 150,301
Eliminated on disposal - - (16,933 )
At 30 September 2024 - 111,297 1,549,728
NET BOOK VALUE
At 30 September 2024 424,669 993,479 458,223
At 30 September 2023 424,669 1,004,116 605,911

Office Computer
Equipment equipment Totals
£    £    £   
COST
At 1 October 2023 27,688 1,652 3,581,056
Additions - - 13,876
Disposals - - (28,196 )
At 30 September 2024 27,688 1,652 3,566,736
DEPRECIATION
At 1 October 2023 21,230 1,652 1,539,902
Charge for year 1,613 - 162,551
Eliminated on disposal - - (16,933 )
At 30 September 2024 22,843 1,652 1,685,520
NET BOOK VALUE
At 30 September 2024 4,845 - 1,881,216
At 30 September 2023 6,458 - 2,041,154

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 411,506 415,233
Other debtors 106,493 200,728
517,999 615,961

STARTIN FARMS LIMITED (REGISTERED NUMBER: 00883343)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 482,825 664,162
Taxation and social security - 7,511
Other creditors 37,582 52,266
520,407 723,939

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 1,183,476 1,215,554

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,800 Ordinary £1 3,800 3,800

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
J E Startin
Balance outstanding at start of year 9,352 42,150
Amounts advanced 40,052 29,176
Amounts repaid (23,300 ) (61,974 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 26,104 9,352

Interest was applied to the loan at HMRC's approved rate, where applicable, and it was repaid within 9 months of the year end.

10. RELATED PARTY DISCLOSURES

Included within other debtors is a balance of £49,241 (2023: £165,186) owed by a business within which a director is a partner. This balance was cleared within 9 months of the year end.

Included within other creditors due more than 1 year are loans of £615,300 (2023: £597,379) owed to associated companies. The loans are repayable upon demand and interest is being applied at the rate of 3% per annum.