Company registration number 07466505 (England and Wales)
STRATTON HALL FARMS LIMITED
Unaudited Financial Statements
For The Year Ended 30 September 2024
Pages For Filing With Registrar
Stratton Hall Farms Limited
STRATTON HALL FARMS LIMITED
Contents
Page
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
Stratton Hall Farms Limited
STRATTON HALL FARMS LIMITED
Accountants' Report To The Board Of Directors On The Preparation Of The Unaudited Statutory Financial Statements Of Stratton Hall Farms Limited For The Year Ended 30 September 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Stratton Hall Farms Limited for the year ended 30 September 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Stratton Hall Farms Limited, as a body, in accordance with the terms of our engagement letter dated 24 June 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Stratton Hall Farms Limited and state those matters that we have agreed to state to the board of directors of Stratton Hall Farms Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Stratton Hall Farms Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Stratton Hall Farms Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Stratton Hall Farms Limited. You consider that Stratton Hall Farms Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Stratton Hall Farms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Chavereys Limited
23 June 2025
Chartered Accountants
The Goods Shed
Jubilee Way
Faversham
Kent
England
ME13 8GD
Stratton Hall Farms Limited
STRATTON HALL FARMS LIMITED
Balance Sheet
As At 30 September 2024
30 September 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
7,614,252
7,659,205
Investment property
5
1,100,000
1,100,000
8,714,252
8,759,205
Current assets
Stocks
293,461
345,677
Debtors
6
211,750
232,241
Cash at bank and in hand
306,017
64,823
811,228
642,741
Creditors: amounts falling due within one year
7
(301,037)
(234,062)
Net current assets
510,191
408,679
Total assets less current liabilities
9,224,443
9,167,884
Creditors: amounts falling due after more than one year
8
(8,124,792)
(8,143,205)
Provisions for liabilities
(234,940)
(236,647)
Net assets
864,711
788,032
Capital and reserves
Called up share capital
1
1
Profit and loss reserves
864,710
788,031
Total equity
864,711
788,032
Stratton Hall Farms Limited
STRATTON HALL FARMS LIMITED
Balance Sheet (Continued)
As At 30 September 2024
30 September 2024
- 3 -

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 23 June 2025 and are signed on its behalf by:
Mr CG Mayhew
Director
Company registration number 07466505 (England and Wales)
Stratton Hall Farms Limited
STRATTON HALL FARMS LIMITED
Notes To The Financial Statements
For The Year Ended 30 September 2024
- 4 -
1
Accounting policies
Company information

 

Stratton Hall Farms Limited is a private company, limited by shares and incorporated in England and Wales.

 

The company number is 07466505 and the address of the registered office is Stratton Hall, Levington, Ipswich, IP10 0LL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of investment properties at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Intangible fixed assets other than goodwill

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

 

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property
2% straight line
Propert improvements, plant and machinery
10% straight line - 25% reducing balance
1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Stratton Hall Farms Limited
STRATTON HALL FARMS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 September 2024
1
Accounting policies
(Continued)
- 5 -
1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

 

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
Stratton Hall Farms Limited
STRATTON HALL FARMS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 September 2024
- 6 -
3
Intangible fixed assets
BPS entitlements
£
Cost
At 1 October 2023 and 30 September 2024
81,360
Amortisation and impairment
At 1 October 2023 and 30 September 2024
81,360
Carrying amount
At 30 September 2024
-
0
At 30 September 2023
-
0
4
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 October 2023
8,072,677
221,538
8,294,215
Additions
2,900
2,163
5,063
At 30 September 2024
8,075,577
223,701
8,299,278
Depreciation and impairment
At 1 October 2023
448,762
186,248
635,010
Depreciation charged in the year
41,404
8,612
50,016
At 30 September 2024
490,166
194,860
685,026
Carrying amount
At 30 September 2024
7,585,411
28,841
7,614,252
At 30 September 2023
7,623,915
35,290
7,659,205
5
Investment property
2024
£
Fair value
At 1 October 2023 and 30 September 2024
1,100,000

Investment property is carried at fair value determined annually by the directors and is derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Stratton Hall Farms Limited
STRATTON HALL FARMS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 September 2024
- 7 -
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
17,104
85,170
Corporation tax recoverable
-
0
9,542
Other debtors
8,758
33,904
Prepayments and accrued income
185,888
103,625
211,750
232,241
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
18,430
40,428
Other borrowings
15,682
15,682
Trade creditors
11,946
33,970
Corporation tax
33,537
-
0
Other taxation and social security
4,507
-
0
Other creditors
59,768
58,920
Accruals and deferred income
157,167
85,062
301,037
234,062
8
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
175,049
193,462
Amounts owed to group undertakings
7,949,743
7,949,743
8,124,792
8,143,205
Amounts included above which fall due after five years are as follows:
Payable by instalments
86,430
113,795
Stratton Hall Farms Limited
STRATTON HALL FARMS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 30 September 2024
- 8 -
9
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2024
2023
Balances:
£
£
Accelerated capital allowances
5,594
7,301
Investment property
229,346
229,346
234,940
236,647
2024
Movements in the year:
£
Liability at 1 October 2023
236,647
Credit to profit or loss
(1,707)
Liability at 30 September 2024
234,940
10
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2024
2023
£
£
34,750
36,722
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