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REGISTERED NUMBER: 01243835 (England and Wales)















EAU FARM (SWATON) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






EAU FARM (SWATON) LIMITED (REGISTERED NUMBER: 01243835)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


EAU FARM (SWATON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: P S Harborow
S M Watson





SECRETARY: Mrs E M E Harborow





REGISTERED OFFICE: Eau Farm
Swaton
Sleaford
Lincolnshire
NG34 0JL





REGISTERED NUMBER: 01243835 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR

EAU FARM (SWATON) LIMITED (REGISTERED NUMBER: 01243835)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,058,614 1,065,856
Investments 6 2,124 4,154
Investment property 7 190,000 190,000
1,250,738 1,260,010

CURRENT ASSETS
Valuation 94,460 103,939
Debtors 8 33,813 31,679
Cash at bank 150,466 175,900
278,739 311,518
CREDITORS
Amounts falling due within one year 9 74,565 105,513
NET CURRENT ASSETS 204,174 206,005
TOTAL ASSETS LESS CURRENT LIABILITIES 1,454,912 1,466,015

PROVISIONS FOR LIABILITIES 10,164 12,984
NET ASSETS 1,444,748 1,453,031

CAPITAL AND RESERVES
Called up share capital 10 4,800 4,800
Other reserve 36,354 36,354
Retained earnings 1,403,594 1,411,877
SHAREHOLDERS' FUNDS 1,444,748 1,453,031

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.

EAU FARM (SWATON) LIMITED (REGISTERED NUMBER: 01243835)

STATEMENT OF FINANCIAL POSITION - 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2025 and were signed on its behalf by:





P S Harborow - Director


EAU FARM (SWATON) LIMITED (REGISTERED NUMBER: 01243835)

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

1. STATUTORY INFORMATION

Eau Farm (Swaton) 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 as modified by the revaluation of certain assets.

Turnover
Turnover comprises the invoiced value of crops sold and services provided during the year. Revenue is recognised at the point of delivery.

The Basic farm payment is recognised in the financial statements in accordance with current H. M. Revenue & Customs guidance.

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.

Basic Farm entitlements are being amortised evenly over their estimated useful life of five years.

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 - 15% on reducing balance
Plant and machinery etc - 50% on reducing balance and 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

Investment property is valued at directors valuation at the balance sheet date.

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and after making due allowance for obsolete and slow moving items.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


EAU FARM (SWATON) LIMITED (REGISTERED NUMBER: 01243835)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023 15,925
Disposals (15,925 )
At 30 September 2024 -
AMORTISATION
At 1 October 2023 15,925
Eliminated on disposal (15,925 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

EAU FARM (SWATON) LIMITED (REGISTERED NUMBER: 01243835)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 1,105,801 246,297 1,352,098
DEPRECIATION
At 1 October 2023 65,769 220,473 286,242
Charge for year 444 6,798 7,242
At 30 September 2024 66,213 227,271 293,484
NET BOOK VALUE
At 30 September 2024 1,039,588 19,026 1,058,614
At 30 September 2023 1,040,032 25,824 1,065,856

Included in cost of land and buildings is freehold land of £ 1,036,993 (2023 - £ 1,036,993 ) which is not depreciated.

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023 4,154
Disposals (2,030 )
At 30 September 2024 2,124
NET BOOK VALUE
At 30 September 2024 2,124
At 30 September 2023 4,154

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 190,000
NET BOOK VALUE
At 30 September 2024 190,000
At 30 September 2023 190,000

Fair value at 30 September 2024 is represented by:
£   
Valuation in 2023 42,882
Cost 147,118
190,000

EAU FARM (SWATON) LIMITED (REGISTERED NUMBER: 01243835)

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

7. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 147,118 147,118

The investment property was valued on market value basis on 30 September 2023 by the directors .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 33,813 31,679

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,461 47,901
Taxation and social security - 274
Other creditors 56,104 57,338
74,565 105,513

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
800 Ordinary A £1 800 800
4,000 Ordinary B £1 4,000 4,000
4,800 4,800