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REGISTERED NUMBER: 00950982 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

CROWS NEST FARM LIMITED

CROWS NEST FARM LIMITED (REGISTERED NUMBER: 00950982)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CROWS NEST FARM LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2024







DIRECTORS: Mr Ian Richard Palmer
Mr Nicholas James Palmer
Mrs Rebecca Jayne Palmer-Bunting





SECRETARY: Mrs Rebecca Jayne Palmer-Bunting





REGISTERED OFFICE: Crows Nest Farm
Gristhorpe
Filey
North Yorkshire
YO14 9PS





REGISTERED NUMBER: 00950982 (England and Wales)





ACCOUNTANTS: Fortus Limited
Business Advisors & Accountants
5 & 6 Manor Garth
Manor Court
Scarborough
North Yorkshire
YO11 3TU

CROWS NEST FARM LIMITED (REGISTERED NUMBER: 00950982)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,347,028 968,929
Investment property 5 295,000 295,000
1,642,028 1,263,929

CURRENT ASSETS
Stocks 25,200 17,000
Debtors 6 13,360 14,190
Investments 7 2,599 2,431
Cash at bank and in hand 551,831 439,061
592,990 472,682
CREDITORS
Amounts falling due within one year 8 1,058,731 620,156
NET CURRENT LIABILITIES (465,741 ) (147,474 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,176,287 1,116,455

PROVISIONS FOR LIABILITIES 46,698 53,766
NET ASSETS 1,129,589 1,062,689

CAPITAL AND RESERVES
Called up share capital 9 5,000 5,000
Fair value reserve 10 15,886 15,886
Retained earnings 1,108,703 1,041,803
SHAREHOLDERS' FUNDS 1,129,589 1,062,689

CROWS NEST FARM LIMITED (REGISTERED NUMBER: 00950982)

BALANCE SHEET - continued
31 December 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 June 2025 and were signed on its behalf by:





Mr Ian Richard Palmer - Director


CROWS NEST FARM LIMITED (REGISTERED NUMBER: 00950982)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024


1. STATUTORY INFORMATION

Crows Nest 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 as modified by the revaluation of certain assets.

Turnover
The turnover shown in the profit and loss account represents the total invoice value, excluding value added tax, of services provided and goods sold during the year. Income is recognised in respect of services provided in the period to which they relate, and sales of goods are recognised at the point of sale.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold land and buildings - Land 0%, buildings 2% on cost
Plant and machinery - 4% - 25% straight line
Fixtures, fittings and equipment - 10% on cost
Motor vehicles - 20% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 profit and loss account, 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.

CROWS NEST FARM LIMITED (REGISTERED NUMBER: 00950982)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Freehold fittings
land and Plant and and Motor
buildings machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 1 January 2024 1,028,560 270,285 250,093 17,179 1,566,117
Additions 426,576 28,001 1,480 - 456,057
Disposals - (49,482 ) - - (49,482 )
At 31 December 2024 1,455,136 248,804 251,573 17,179 1,972,692
DEPRECIATION
At 1 January 2024 274,698 81,852 224,367 16,271 597,188
Charge for year 20,200 13,572 3,369 227 37,368
Eliminated on disposal - (8,892 ) - - (8,892 )
At 31 December 2024 294,898 86,532 227,736 16,498 625,664
NET BOOK VALUE
At 31 December 2024 1,160,238 162,272 23,837 681 1,347,028
At 31 December 2023 753,862 188,433 25,726 908 968,929

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 295,000
NET BOOK VALUE
At 31 December 2024 295,000
At 31 December 2023 295,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2007 20,886
Valuation in 2009 (30,000 )
Valuation in 2010 (15,000 )
Valuation in 2011 15,000
Valuation in 2020 25,000
Cost 279,114
295,000

CROWS NEST FARM LIMITED (REGISTERED NUMBER: 00950982)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


5. INVESTMENT PROPERTY - continued

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

2024 2023
£    £   
Cost 279,114 279,114

The investment property was valued on the fair value basis on 31 December 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 13,360 14,190

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
BATA investment 2,599 2,431

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 18,537 21,735
Taxation and social security 35,407 2,631
Other creditors 1,004,787 595,790
1,058,731 620,156

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,000 Ordinary £5000 5,000 5,000

10. RESERVES
Fair
value
reserve
£   
At 1 January 2024
and 31 December 2024 15,886

11. GUARANTEES AND OTHER FINANCIAL COMMITMENTS

The total amount of commitments, guarantees and contingencies at the balance sheet date is £4,503,066 (2023 £4,914,971).

CROWS NEST FARM LIMITED (REGISTERED NUMBER: 00950982)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024


12. CONTROLLING PARTY

The controlling party is Crows Nest Holidays Limited.

The ultimate controlling party is Mr Ian Richard Palmer.