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REGISTERED NUMBER: 00414517 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Bapton Manor Farm Limited

Bapton Manor Farm Limited (Registered number: 00414517)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


Bapton Manor Farm Limited (Registered number: 00414517)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 2,117,630 2,135,969
Investments 6 545 545
Investment property 7 8,669,761 9,283,549
10,787,936 11,420,063

CURRENT ASSETS
Stocks 8 973,278 1,165,526
Debtors 9 65,689 176,802
Cash at bank 421,971 139,897
1,460,938 1,482,225
CREDITORS
Amounts falling due within one year 10 520,077 1,066,749
NET CURRENT ASSETS 940,861 415,476
TOTAL ASSETS LESS CURRENT LIABILITIES 11,728,797 11,835,539

CREDITORS
Amounts falling due after more than one
year

11

(2,297,615

)

(2,373,895

)

PROVISIONS FOR LIABILITIES (1,533,159 ) (1,530,072 )
NET ASSETS 7,898,023 7,931,572

CAPITAL AND RESERVES
Called up share capital 60,100 60,100
Revaluation reserve 1,194,789 1,194,789
Retained earnings 6,643,134 6,676,683
SHAREHOLDERS' FUNDS 7,898,023 7,931,572

Bapton Manor Farm Limited (Registered number: 00414517)

Balance Sheet - continued
30 September 2024


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.

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:





Mr C J Lyall - Director


Bapton Manor Farm Limited (Registered number: 00414517)

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


1. STATUTORY INFORMATION

Bapton Manor Farm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00414517

Registered office: The Farm Office
Bapton Manor Farm
Bapton
Warminster
Wiltshire
BA12 0SB

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 as modified by the revaluation of certain assets.

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.

BPS entitlements - fully amortised

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 - 1% on cost and not provided
Plant and machinery etc - 20% on reducing balance, 10% on cost, 10% on reducing balance and 5% on cost

Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate, determined annually by the directors. Changes in fair value are recognised in the profit and loss account.

Stocks
Stock is valued at the lower of cost and net realisable value. Home grown produce has been valued in accordance with H M Revenue & Customs guidance HS232.

Bapton Manor Farm Limited (Registered number: 00414517)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
Classification
The company holds the following financial instruments:

Short term debtors and creditors;
Cash and bank balances; and
Unlisted investments.

All financial instruments are classified as basic.

Recognition and measurement
The company has elected to apply the provisions FRS102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transition costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

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 the profit and loss account in the period to which they relate.

Bapton Manor Farm Limited (Registered number: 00414517)

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


2. 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 lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
BPS
entitlements
£   
COST
At 1 October 2023 146,190
Disposals (146,190 )
At 30 September 2024 -
AMORTISATION
At 1 October 2023 146,190
Eliminated on disposal (146,190 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

Bapton Manor Farm Limited (Registered number: 00414517)

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


5. TANGIBLE FIXED ASSETS
Land and Plant and
buildings machinery Totals
£    £    £   
COST
At 1 October 2023 1,912,321 934,050 2,846,371
Additions - 21,769 21,769
Disposals (6,220 ) (9,400 ) (15,620 )
At 30 September 2024 1,906,101 946,419 2,852,520
DEPRECIATION
At 1 October 2023 89,993 620,409 710,402
Charge for year 1,236 30,109 31,345
Eliminated on disposal (206 ) (6,651 ) (6,857 )
At 30 September 2024 91,023 643,867 734,890
NET BOOK VALUE
At 30 September 2024 1,815,078 302,552 2,117,630
At 30 September 2023 1,822,328 313,641 2,135,969

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 545
NET BOOK VALUE
At 30 September 2024 545
At 30 September 2023 545

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 9,283,549
Disposals (613,788 )
At 30 September 2024 8,669,761
NET BOOK VALUE
At 30 September 2024 8,669,761
At 30 September 2023 9,283,549

Bapton Manor Farm Limited (Registered number: 00414517)

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


7. INVESTMENT PROPERTY - continued

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. Changes in fair value are recognised in the profit and loss account.

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2024 7,237,174
Cost 1,432,587
8,669,761

8. STOCKS
2024 2023
£    £   
Stocks 973,278 1,165,526

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,143 15,045
Other debtors 35,546 161,757
65,689 176,802

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 76,921 77,562
Trade creditors 252,757 401,122
Tax (33,765 ) 41,960
Other creditors 55,777 78,546
Directors' loan accounts 9,922 9,922
Accruals and deferred income 158,465 457,637
520,077 1,066,749

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 2,297,615 2,373,895

Bapton Manor Farm Limited (Registered number: 00414517)

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


12. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,374,536 2,451,457

Bank loans are secured on the company's freehold land and buildings.


Bank loans, payable by instalments, which fall due after five years amount to £1,989,929 (2023: £2,063,646).