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Company No: 03218540 (England and Wales)

PAMPISFORD ESTATE FARMS LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

PAMPISFORD ESTATE FARMS LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

PAMPISFORD ESTATE FARMS LIMITED

COMPANY INFORMATION

For the financial year ended 30 June 2024
PAMPISFORD ESTATE FARMS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 30 June 2024
DIRECTORS A Binney Killander
B Killander
SECRETARY A N Smith
REGISTERED OFFICE The Estate Office
Pampisford Hall
Pampisford
Cambridgeshire
CB2 4EZ
United Kingdom
COMPANY NUMBER 03218540 (England and Wales)
ACCOUNTANT S&W Partners (East) LLP
Stonecross
Trumpington High Street
Cambridge
CB2 9SU
PAMPISFORD ESTATE FARMS LIMITED

BALANCE SHEET

As at 30 June 2024
PAMPISFORD ESTATE FARMS LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 2,206,479 2,220,131
Investments 4 860,677 699,267
3,067,156 2,919,398
Current assets
Stocks 5 327,101 268,684
Debtors 6 120,786 114,166
Cash at bank and in hand 194,829 175,640
642,716 558,490
Creditors: amounts falling due within one year 7 ( 350,750) ( 325,688)
Net current assets 291,966 232,802
Total assets less current liabilities 3,359,122 3,152,200
Creditors: amounts falling due after more than one year 8 ( 10,277) ( 19,934)
Provision for liabilities 9 ( 22,128) ( 27,668)
Net assets 3,326,717 3,104,598
Capital and reserves
Called-up share capital 2,390,000 2,390,000
Profit and loss account 936,717 714,598
Total shareholder's funds 3,326,717 3,104,598

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Pampisford Estate Farms Limited (registered number: 03218540) were approved and authorised for issue by the Board of Directors on 17 June 2025. They were signed on its behalf by:

A Binney Killander
Director
PAMPISFORD ESTATE FARMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
PAMPISFORD ESTATE FARMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Pampisford Estate Farms Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Estate Office, Pampisford Hall, Pampisford, Cambridgeshire, CB2 4EZ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Pampisford Estate Farms Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Leasehold improvements 20 years straight line
Plant and machinery 15 % reducing balance
Vehicles 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 4 4

3. Tangible assets

Land and buildings Leasehold improve-
ments
Plant and machinery Vehicles Total
£ £ £ £ £
Cost
At 01 July 2023 2,145,586 345,026 120,445 14,250 2,625,307
At 30 June 2024 2,145,586 345,026 120,445 14,250 2,625,307
Accumulated depreciation
At 01 July 2023 0 278,698 114,810 11,668 405,176
Charge for the financial year 0 12,415 849 388 13,652
At 30 June 2024 0 291,113 115,659 12,056 418,828
Net book value
At 30 June 2024 2,145,586 53,913 4,786 2,194 2,206,479
At 30 June 2023 2,145,586 66,328 5,635 2,582 2,220,131

4. Fixed asset investments

Listed investments Total
£ £
Cost or valuation before impairment
At 01 July 2023 699,267 699,267
Additions 37,786 37,786
Disposals ( 468,077) ( 468,077)
Movement in fair value 13,627 13,627
Cash Movement 578,074 578,074
At 30 June 2024 860,677 860,677
Carrying value at 30 June 2024 860,677 860,677
Carrying value at 30 June 2023 699,267 699,267

5. Stocks

2024 2023
£ £
Stocks 327,101 268,684

6. Debtors

2024 2023
£ £
Trade debtors 6,650 59,428
Other debtors 114,136 54,738
120,786 114,166

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 47,022 139,079
Trade creditors 62,240 35,169
Taxation and social security 76,759 7,143
Other creditors 164,729 144,297
350,750 325,688

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 10,277 19,934

There are no amounts included above in respect of which any security has been given by the small entity.

9. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 27,668) ( 10,345)
Credited/(charged) to the Statement of Income and Retained Earnings 5,540 ( 17,323)
At the end of financial year ( 22,128) ( 27,668)