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REGISTERED NUMBER: 04548349 (England and Wales)















SPRINGFIELD FARM (AMBERGATE) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






SPRINGFIELD FARM (AMBERGATE) LIMITED (REGISTERED NUMBER: 04548349)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


SPRINGFIELD FARM (AMBERGATE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: M D Oulton
J R Oulton
B Oulton





SECRETARY: J R Oulton





REGISTERED OFFICE: Springfield Farm
Holly Lane
Ambergate
Belper
Derbyshire
DE56 2HG





REGISTERED NUMBER: 04548349 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

SPRINGFIELD FARM (AMBERGATE) LIMITED (REGISTERED NUMBER: 04548349)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,003,425 2,936,730

CURRENT ASSETS
Valuation 378,504 390,212
Debtors 5 149,979 156,873
528,483 547,085
CREDITORS
Amounts falling due within one year 6 949,509 846,544
NET CURRENT LIABILITIES (421,026 ) (299,459 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,582,399 2,637,271

CREDITORS
Amounts falling due after more than one year 7 (1,521,510 ) (1,638,502 )

PROVISIONS FOR LIABILITIES (88,511 ) (71,838 )
NET ASSETS 972,378 926,931

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 972,278 926,831
SHAREHOLDERS' FUNDS 972,378 926,931

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 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 14 July 2025 and were signed on its behalf by:





M D Oulton - Director


SPRINGFIELD FARM (AMBERGATE) LIMITED (REGISTERED NUMBER: 04548349)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Springfield Farm (Ambergate) 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.

Revenue
Revenue represents net invoiced sales of produce and livestock, excluding value added tax. Sales of produce are recognised upon despatch. Revenue from livestock is recognised on the day of sale.

Intangible assets
Intangible assets consist of entitlements to the basic payment. The entitlements are recognised at fair value and written off on a straight line basis over the period to 31 December 2019 when the scheme ends.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Nil
Plant and Machinery etc - 25% on reducing balance, 15% on reducing balance and 5% on cost

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

Inventories
Inventories represents the farm valuation which has been prepared by the director at the lower of cost and fair value less costs to complete and sell.

The dairy herd is held at fair value.

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.

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.

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

SPRINGFIELD FARM (AMBERGATE) LIMITED (REGISTERED NUMBER: 04548349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 November 2023 2,203,883 445,497 911,970
Additions - - 131,481
Disposals - - (30,700 )
At 31 October 2024 2,203,883 445,497 1,012,751
DEPRECIATION
At 1 November 2023 - - 639,045
Charge for year - - 48,322
Eliminated on disposal - - (15,003 )
At 31 October 2024 - - 672,364
NET BOOK VALUE
At 31 October 2024 2,203,883 445,497 340,387
At 31 October 2023 2,203,883 445,497 272,925

Renewable
Motor energy
vehicles equipment Totals
£    £    £   
COST
At 1 November 2023 5,000 25,683 3,592,033
Additions - - 131,481
Disposals - - (30,700 )
At 31 October 2024 5,000 25,683 3,692,814
DEPRECIATION
At 1 November 2023 4,951 11,307 655,303
Charge for year 49 718 49,089
Eliminated on disposal - - (15,003 )
At 31 October 2024 5,000 12,025 689,389
NET BOOK VALUE
At 31 October 2024 - 13,658 3,003,425
At 31 October 2023 49 14,376 2,936,730

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 130,930 120,466
Other debtors 19,049 36,407
149,979 156,873

SPRINGFIELD FARM (AMBERGATE) LIMITED (REGISTERED NUMBER: 04548349)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 185,717 85,132
Hire purchase contracts 13,104 13,172
Trade creditors 121,885 147,808
Taxation and social security 15,402 54,768
Other creditors 613,401 545,664
949,509 846,544

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,508,579 1,638,502
Hire purchase contracts 12,931 -
1,521,510 1,638,502

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,617,026 1,710,471
Hire purchase contracts 26,035 13,172
1,643,061 1,723,643

The hire purchase contracts are secured against the assets to which the hire purchase agreements relate to.
The bank loans are secured by fixed and floating charges over the company's assets.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100