IRIS Accounts Production v25.1.4.42 00833466 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh008334662023-09-30008334662024-09-30008334662023-10-012024-09-30008334662022-09-30008334662022-10-012023-09-30008334662023-09-3000833466ns15:EnglandWales2023-10-012024-09-3000833466ns14:PoundSterling2023-10-012024-09-3000833466ns10:Director12023-10-012024-09-3000833466ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3000833466ns10:SmallEntities2023-10-012024-09-3000833466ns10:AuditExemptWithAccountantsReport2023-10-012024-09-3000833466ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3000833466ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3000833466ns10:FullAccounts2023-10-012024-09-3000833466ns10:Director22023-10-012024-09-3000833466ns10:CompanySecretary12023-10-012024-09-3000833466ns10:RegisteredOffice2023-10-012024-09-3000833466ns5:CurrentFinancialInstruments2024-09-3000833466ns5:CurrentFinancialInstruments2023-09-3000833466ns5:ShareCapital2024-09-3000833466ns5:ShareCapital2023-09-3000833466ns5:RevaluationReserve2024-09-3000833466ns5:RevaluationReserve2023-09-3000833466ns5:RetainedEarningsAccumulatedLosses2024-09-3000833466ns5:RetainedEarningsAccumulatedLosses2023-09-3000833466ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-10-012024-09-3000833466ns5:LeaseholdImprovements2023-10-012024-09-3000833466ns5:PlantMachinery2023-10-012024-09-3000833466ns5:MotorVehicles2023-10-012024-09-3000833466ns5:LandBuildings2023-09-3000833466ns5:LongLeaseholdAssetsns5:LandBuildings2023-09-3000833466ns5:LeaseholdImprovements2023-09-3000833466ns5:LandBuildings2023-10-012024-09-3000833466ns5:LongLeaseholdAssetsns5:LandBuildings2023-10-012024-09-3000833466ns5:LandBuildings2024-09-3000833466ns5:LongLeaseholdAssetsns5:LandBuildings2024-09-3000833466ns5:LeaseholdImprovements2024-09-3000833466ns5:LandBuildings2023-09-3000833466ns5:LongLeaseholdAssetsns5:LandBuildings2023-09-3000833466ns5:LeaseholdImprovements2023-09-3000833466ns5:PlantMachinery2023-09-3000833466ns5:MotorVehicles2023-09-3000833466ns5:PlantMachinery2024-09-3000833466ns5:MotorVehicles2024-09-3000833466ns5:PlantMachinery2023-09-3000833466ns5:MotorVehicles2023-09-3000833466ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3000833466ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-30
REGISTERED NUMBER: 00833466 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Swithland Farms Limited

Swithland Farms Limited (Registered number: 00833466)






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




Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


Swithland Farms Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mrs J M Beeby
Mr B J Beeby





SECRETARY: Mrs J M Beeby





REGISTERED OFFICE: Alexandra House
43 Alexandra Street
Nottingham
Nottinghamshire
NG1 5AY





REGISTERED NUMBER: 00833466 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Alexandra House
43 Alexandra St
Nottingham
Nottinghamshire
NG5 1AY

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Swithland Farms Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Swithland Farms Limited for the year ended 30 September 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that Swithland 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 loss of Swithland Farms Limited. You consider that Swithland 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 Swithland 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.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Alexandra House
43 Alexandra St
Nottingham
Nottinghamshire
NG5 1AY


26 June 2025

Swithland Farms Limited (Registered number: 00833466)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,821,883 301,423

CURRENT ASSETS
Stocks 2,130 1,830
Debtors 5 27,355 36,078
Cash at bank 73,454 79,805
102,939 117,713
CREDITORS
Amounts falling due within one year 6 21,545 34,012
NET CURRENT ASSETS 81,394 83,701
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,903,277

385,124

PROVISIONS FOR LIABILITIES 335,149 22,341
NET ASSETS 1,568,128 362,783

CAPITAL AND RESERVES
Called up share capital - allotted and fully
paid

50,000

50,000
Revaluation reserve 1,417,089 207,923
Retained earnings 101,039 104,860
1,568,128 362,783

Swithland Farms Limited (Registered number: 00833466)

Statement of Financial Position - 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 Income Statement 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 B J Beeby - Director


Swithland Farms Limited (Registered number: 00833466)

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

1. STATUTORY INFORMATION

Swithland 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investment properties measured at fair value through the profit and loss.

Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax, and includes the Basic Payment Scheme.

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 - Straight line over 20 years and Straight line over 50 years
Improvements to property - 5% on cost
Implements and Machinery - straight line over 8 years
Tractors - straight line over 8 years

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

If there is an indication that there has been significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Stocks
The valuation of tenantright is carried out by professional valuers Brown & Co Fox Bennett, RICS regulated.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Swithland Farms Limited (Registered number: 00833466)

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

4. TANGIBLE FIXED ASSETS
Improvements
Land and Freehold to
Buildings Land property
£    £    £   
COST OR VALUATION
At 1 October 2023 94,200 219,176 39,765
Additions - - -
Revaluations 1,450,391 - -
Reclassification/transfer 255,409 (219,176 ) (39,765 )
At 30 September 2024 1,800,000 - -
DEPRECIATION
At 1 October 2023 71,472 - 1,544
Charge for year - - 1,988
Revaluation adjustments (71,472 ) - (3,532 )
At 30 September 2024 - - -
NET BOOK VALUE
At 30 September 2024 1,800,000 - -
At 30 September 2023 22,728 219,176 38,221

Implements
and
Machinery Tractors Totals
£    £    £   
COST OR VALUATION
At 1 October 2023 4,526 22,000 379,667
Additions 3,947 - 3,947
Revaluations - - 1,450,391
Reclassification/transfer - - (3,532 )
At 30 September 2024 8,473 22,000 1,830,473
DEPRECIATION
At 1 October 2023 3,853 1,375 78,244
Charge for year 612 2,750 5,350
Revaluation adjustments - - (75,004 )
At 30 September 2024 4,465 4,125 8,590
NET BOOK VALUE
At 30 September 2024 4,008 17,875 1,821,883
At 30 September 2023 673 20,625 301,423

Cost or valuation at 30 September 2024 is represented by:

Implements
Land and and
Buildings Machinery Tractors Totals
£    £    £    £   
Valuation in 2024 1,476,123 - - 1,476,123
Cost 323,877 8,473 22,000 354,350
1,800,000 8,473 22,000 1,830,473

Swithland Farms Limited (Registered number: 00833466)

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

4. TANGIBLE FIXED ASSETS - continued

If Freehold Property and land had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 353,141 64,936
Aggregate depreciation (75,004 ) (20,980 )

Freehold property and land were valued on an open market basis on 30 September 2024 by Bentons Estate Agents .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,453 11,821
Other debtors 17,902 24,257
27,355 36,078

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,539 8,909
Taxation and social security 330 1,032
Other creditors 14,676 24,071
21,545 34,012

7. RELATED PARTY DISCLOSURES

A director rented land from Swithland Farms Ltd during the year at a rent of £2,375 (2023 - £2,375).

At 30 September 2024 the directors had loan accounts due to them totalling £12,472 (2023 - £21,436) that are reported within other creditors.