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REGISTERED NUMBER: 00780658 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Oxborough Farms Limited

Oxborough Farms Limited (Registered number: 00780658)

Contents of the Financial Statements
for the Year Ended 31 October 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


Oxborough Farms Limited (Registered number: 00780658)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £ £
Fixed assets
Tangible assets 5 888,317 924,597
Investments 6 785 785
889,102 925,382

Current assets
Stocks 231,325 177,546
Debtors 7 1,137,343 1,167,156
Cash at bank and in hand 12,468 957
1,381,136 1,345,659
Creditors
Amounts falling due within one year 8 (101,191 ) (110,697 )
Net current assets 1,279,945 1,234,962
Total assets less current liabilities 2,169,047 2,160,344

Creditors
Amounts falling due after more than one
year

9

(1,580,000

)

(1,584,544

)

Provisions for liabilities (77,502 ) (84,945 )
Net assets 511,545 490,855

Capital and reserves
Called up share capital 100 100
Retained earnings 511,445 490,755
511,545 490,855

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Oxborough Farms Limited (Registered number: 00780658)

Balance Sheet - continued
31 October 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 director and authorised for issue on 1 July 2025 and were signed by:





Mr I A C Monson - Director


Oxborough Farms Limited (Registered number: 00780658)

Notes to the Financial Statements
for the Year Ended 31 October 2024


1. Statutory information

Oxborough Farms 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: 00780658

Registered office: Caldecote Farm
Gooderstone Road
Oxborough
King's Lynn
Norfolk
PE33 9GL

2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Reservoir - 15% p.a. reducing balance
Plant and machinery - 15% p.a. reducing balance
Motor vehicles - 25% p.a. reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Oxborough Farms Limited (Registered number: 00780658)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


3. Accounting policies - continued

Financial instruments
The company classifies its financial instruments in the following categories: measured at amortised cost; and measured at fair value through profit and loss. The classification is determined at initial recognition and depends on the purpose for which the financial instruments are required.

Measured at amortised cost includes non-derivative financial assets and liabilities with fixed or determinable payments that are not quoted in an active market. Financial assets are included in current assets, except where the maturity date is more than 12 months after the end of the reporting period. They are initially recorded at fair value and subsequently recorded at amortised cost. Financial liabilities are included in current liabilities, except where the maturity date is more than 12 months after the end of the reporting period. They are initially measured at original cost, less amortisation or provisions raised.

Measured at fair value through profit and loss includes financial assets and liabilities. They are classified according to maturity date, within current and non-current assets and liabilities respectively.

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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4. Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

Oxborough Farms Limited (Registered number: 00780658)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


5. Tangible fixed assets
Freehold Plant and Motor
property Reservoir machinery vehicles Totals
£ £ £ £ £
Cost
At 1 November 2023 857,754 104,311 865,122 81,807 1,908,994
Additions - - 2,110 - 2,110
At 31 October 2024 857,754 104,311 867,232 81,807 1,911,104
Depreciation
At 1 November 2023 287,277 102,774 537,980 56,366 984,397
Charge for year 9,327 230 22,472 6,361 38,390
At 31 October 2024 296,604 103,004 560,452 62,727 1,022,787
Net book value
At 31 October 2024 561,150 1,307 306,780 19,080 888,317
At 31 October 2023 570,477 1,537 327,142 25,441 924,597

6. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 November 2023
and 31 October 2024 785
Net book value
At 31 October 2024 785
At 31 October 2023 785

7. Debtors
31.10.24 31.10.23
£ £
Amounts falling due within one year:
Trade debtors 9,444 22,198
VAT 6,286 6,145
Prepayments 1,728 18,928
17,458 47,271

Oxborough Farms Limited (Registered number: 00780658)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024


7. Debtors - continued
31.10.24 31.10.23
£ £
Amounts falling due after more than one year:
Amounts owed by group undertakings 1,119,885 1,119,885

Aggregate amounts 1,137,343 1,167,156

8. Creditors: amounts falling due within one year
31.10.24 31.10.23
£ £
Hire purchase contracts 4,544 17,625
Trade creditors 16,082 12,882
Tax 11,335 22,506
Social security and other taxes 1,575 1,592
Directors' current accounts 14,687 3,173
Accrued expenses 52,968 52,919
101,191 110,697

9. Creditors: amounts falling due after more than one year
31.10.24 31.10.23
£ £
Bank loans more 5 yrs non-inst 1,580,000 1,580,000
Hire purchase contracts - 4,544
1,580,000 1,584,544

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 1,580,000 1,580,000