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REGISTERED NUMBER: 01111707 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2024

FOR

MORTIMERS FARM LIMITED

MORTIMERS FARM LIMITED (REGISTERED NUMBER: 01111707)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MORTIMERS FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH NOVEMBER 2024







DIRECTOR: Mrs C G Piper





SECRETARY: Mrs K MacGilvray Maclean





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 01111707 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

MORTIMERS FARM LIMITED (REGISTERED NUMBER: 01111707)

BALANCE SHEET
30TH NOVEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,031,184 1,853,508
Investments 5 50 50
2,031,234 1,853,558

CURRENT ASSETS
Stocks 80,793 111,500
Debtors 6 63,744 29,356
Cash at bank and in hand 690,734 39,932
835,271 180,788
CREDITORS
Amounts falling due within one year 7 132,301 3,475
NET CURRENT ASSETS 702,970 177,313
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,734,204

2,030,871

CREDITORS
Amounts falling due after more than one
year

8

511,976

906,976
NET ASSETS 2,222,228 1,123,895

CAPITAL AND RESERVES
Called up share capital 9 1,662,286 1,162,286
Retained earnings 559,942 (38,391 )
SHAREHOLDERS' FUNDS 2,222,228 1,123,895

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

MORTIMERS FARM LIMITED (REGISTERED NUMBER: 01111707)

BALANCE SHEET - continued
30TH NOVEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20th August 2025 and were signed by:





Mrs C G Piper - Director


MORTIMERS FARM LIMITED (REGISTERED NUMBER: 01111707)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH NOVEMBER 2024


1. STATUTORY INFORMATION

Mortimers Farm 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.

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.
Plant, machinery & fittings - 10% on reducing balance
Motor vehicles - 10% on reducing balance
Computer equipment - 33% on cost

Freehold land and buildings are not depreciated as their value is considered to be well in excess of the current book value.

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

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 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.

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.

MORTIMERS FARM LIMITED (REGISTERED NUMBER: 01111707)

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


3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant,
Freehold machinery Motor Computer
property & fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st December 2023 1,802,537 81,962 13,467 2,190 1,900,156
Additions 456,592 181,029 - - 637,621
Disposals (431,428 ) (38,242 ) (9,967 ) - (479,637 )
At 30th November 2024 1,827,701 224,749 3,500 2,190 2,058,140
DEPRECIATION
At 1st December 2023 - 35,927 8,531 2,190 46,648
Charge for year - 21,798 186 - 21,984
Eliminated on disposal - (34,785 ) (6,891 ) - (41,676 )
At 30th November 2024 - 22,940 1,826 2,190 26,956
NET BOOK VALUE
At 30th November 2024 1,827,701 201,809 1,674 - 2,031,184
At 30th November 2023 1,802,537 46,035 4,936 - 1,853,508

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st December 2023
and 30th November 2024 50
NET BOOK VALUE
At 30th November 2024 50
At 30th November 2023 50

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 29,509 4,755
Other debtors 34,235 24,601
63,744 29,356

MORTIMERS FARM LIMITED (REGISTERED NUMBER: 01111707)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 34,184 -
Taxation and social security 89,633 -
Other creditors 8,484 3,475
132,301 3,475

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 511,976 906,976

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
437,286 Ordinary 1 437,286 437,286
725,000 Preference 1 725,000 725,000
500,000 A Preference 1 500,000 -
1,662,286 1,162,286

The preference shares were redeemable on 30th June 2022 or earlier at the discretion of the directors. During the year, this right has been varied so that they are now redeemable at the option of the company.

Preference shareholders are entitled to a noncumulative dividend of 3% which is due for payment on 30th June each year. The preference shareholders have waived their right to the dividend in the current and preceding year.

Preference shares have priority over other classes of shares on winding up or other repayment of capital. The preference shares do not confer any other rights to the shareholders.

During the year 500,000 £1 new A preference shares were issued at par. These shares are irredeemable, have priority over other classes of shares on winding up or other repayment of capital. The preference shares do not confer any other rights to the shareholders.