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REGISTERED NUMBER: 03660808 (England and Wales)























Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Lowbark Farming Company Limited

Lowbark Farming Company Limited (Registered number: 03660808)

Contents of the Financial Statements
for the Year Ended 30 November 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Lowbark Farming Company Limited

Company Information
for the Year Ended 30 November 2024







DIRECTORS: Mr T A Butler
Mrs A Butler
Mr M G Green
Mrs N A Green





SECRETARY: Mrs A Butler





REGISTERED OFFICE: Lower Barker Farmhouse
Trotter Hill
Inglewhite
Preston
Lancashire
PR3 2LH





REGISTERED NUMBER: 03660808 (England and Wales)





ACCOUNTANTS: McDade Roberts Accountants Limited
Chartered Accountants
316 Blackpool Road
Fulwood
Preston
Lancashire
PR2 3AE

Lowbark Farming Company Limited (Registered number: 03660808)

Statement of Financial Position
30 November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,102,418 919,571

CURRENT ASSETS
Stocks 23,488 20,000
Debtors 5 399,091 421,639
Cash at bank 278 274
422,857 441,913
CREDITORS
Amounts falling due within one year 6 523,591 450,149
NET CURRENT LIABILITIES (100,734 ) (8,236 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,001,684

911,335

CREDITORS
Amounts falling due after more than one
year

7

(207,871

)

(258,033

)

PROVISIONS FOR LIABILITIES (14,888 ) (10,541 )
NET ASSETS 778,925 642,761

CAPITAL AND RESERVES
Called up share capital 102 102
Share premium 237,900 237,900
Retained earnings 540,923 404,759
SHAREHOLDERS' FUNDS 778,925 642,761

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Lowbark Farming Company Limited (Registered number: 03660808)

Statement of Financial Position - continued
30 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 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 7 July 2025 and were signed on its behalf by:





Mr T A Butler - Director


Lowbark Farming Company Limited (Registered number: 03660808)

Notes to the Financial Statements
for the Year Ended 30 November 2024


1. STATUTORY INFORMATION

Lowbark Farming Company 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.
Freehold property - not provided
Plant and machinery - 25% on cost
Computer equipment - 33% on cost

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 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.

3. EMPLOYEES AND DIRECTORS

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

Lowbark Farming Company Limited (Registered number: 03660808)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Herd
£    £    £   
COST
At 1 December 2023 645,438 377,889 217,916
Additions 142,944 58,540 20,000
At 30 November 2024 788,382 436,429 237,916
DEPRECIATION
At 1 December 2023 - 328,269 -
Charge for year - 36,438 -
At 30 November 2024 - 364,707 -
NET BOOK VALUE
At 30 November 2024 788,382 71,722 237,916
At 30 November 2023 645,438 49,620 217,916

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 December 2023 10,995 2,073 1,254,311
Additions - - 221,484
At 30 November 2024 10,995 2,073 1,475,795
DEPRECIATION
At 1 December 2023 4,398 2,073 334,740
Charge for year 2,199 - 38,637
At 30 November 2024 6,597 2,073 373,377
NET BOOK VALUE
At 30 November 2024 4,398 - 1,102,418
At 30 November 2023 6,597 - 919,571

Included in cost of land and buildings is freehold land of £ 642,871 (2023 - £ 642,871 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Trade debtors 63,271 56,335
Other debtors 335,820 365,304
399,091 421,639

Lowbark Farming Company Limited (Registered number: 03660808)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Bank loans and overdrafts 284,411 280,062
Trade creditors 131,034 76,225
Taxation and social security 29,041 4,584
Other creditors 79,105 89,278
523,591 450,149

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.24 30.11.23
£    £   
Bank loans 166,707 213,051
Other creditors 41,164 44,982
207,871 258,033

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 65,774 68,341

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Bank loans 215,976 262,632

Amounts due to the bank are secured by way of a fixed charge over land and buildings held by the company, except for the £16,414 loan where the UK Government have provided a 100% guarantee on the Bounce Back Loan Scheme (BBLS) obtained from National Westminster Bank PLC.