REGISTRAR OF COMPANIES

Registration number: 06055820

Crookdake Farms Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	5

Crookdake Farms Limited

Company Information

Director	C E Raven

Registered office

Crookdake Hall WIGTON Cumbria CA7 0BP

Accountants

Dodd & Co Limited Chartered Accountants FIFTEEN Rosehill Montgomery Way Rosehill Estate CARLISLE CA1 2RW

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Crookdake Farms Limited
for the Year Ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Crookdake Farms Limited for the year ended 31 January 2025 as set out on pages 3 to 13 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Crookdake Farms Limited, as a body, in accordance with the terms of our engagement letter dated 31 July 2024. Our work has been undertaken solely to prepare for your approval the accounts of Crookdake Farms Limited and state those matters that we have agreed to state to the Board of Directors of Crookdake Farms Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Crookdake Farms Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Crookdake Farms Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Crookdake Farms Limited. You consider that Crookdake Farms Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Crookdake Farms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

16 May 2025

Crookdake Farms Limited

(Registration number: 06055820)
Balance Sheet as at 31 January 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	931,290	898,036
Other financial assets	6	85,993	80,294
		1,017,283	978,330
Current assets
Stocks		355,134	321,972
Debtors	7	86,387	70,713
		441,521	392,685
Creditors: Amounts falling due within one year	8	(324,794)	(236,420)
Net current assets		116,727	156,265
Total assets less current liabilities		1,134,010	1,134,595
Creditors: Amounts falling due after more than one year	8	(967,590)	(993,860)
Provisions for liabilities		(40,497)	(30,828)
Net assets		125,923	109,907
Capital and reserves
Allotted, called up and fully paid share capital		250,101	250,101
Profit and loss account		(124,178)	(140,194)
Total equity		125,923	109,907

Crookdake Farms Limited

(Registration number: 06055820)
Balance Sheet as at 31 January 2025 (continued)

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 16 May 2025
 

.........................................

C E Raven

Director

Crookdake Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Crookdake Hall
WIGTON
Cumbria
CA7 0BP

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Government grants

Government grants such as the basic payment scheme are included in the profit and loss account when all the necessary conditions for receipt have been met.

Other grants
Other grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets on a basis consistent with the depreciation policy.

Basic payment scheme

The amount paid in connection with the purchase of the basic payment scheme entitlement was amortised over the useful economic life of that entitlement, and has now been fully amortised.

Crookdake Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	5% straight line basis
Plant and equipment	15% reducing balance, 5% straight line and 7.5% straight line
Motor vehicles	25% reducing balance

Other intangible fixed assets

Other intangible assets represent an investment in AMCo Common Consolidation which is a contractual requirement in order to benefit from the AMCo milk purchasing agreement. This investment is non refundable and is therefore being amortised over its useful life to the business. As there is no fixed period for the contract the directors have considered it appropriate to adopt an amortisation period of 5 years for the asset on a straight line basis. In addition an annual impairment review is performed.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Trading stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. The cost of livestock represents the purchase cost plus any additional costs of rearing the animal. Net realisable value is based on selling price less anticipated selling costs. Crop stock is valued at fair value less any anticipated costs to sell.

Crookdake Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

Herd stock is included in the balance sheet at the original cost of the herd adjusted annually for additions to, or disposals from the herd.

Additions to the herd are included at cost except where there is a reinstatement of disposals to the herd from the prior year. In this case they are reinstated at the prior year disposal value.

Disposals to the herd are disposed of at an average cost except where there have been additions to the herd in the prior year. In this case they are disposed of on a last in first out basis.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Preference shares are classified as equity when the shares are redeemable in the future at the option of the company.

Crookdake Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

Financial instruments

Classification
Equity shares and debt securities
 Recognition and measurement
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
 Impairment
For instruments measured at cost less impairment the impairment is the difference between the assets' carrying amount and the best estimate the entity would receive for the asset if it were sold at the reporting date.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2024 - 6).

4	Intangible assets

	Basic payment scheme  £	Other intangible assets  £	Total £
Cost or valuation
At 1 February 2024	51,524	10,281	61,805
At 31 January 2025	51,524	10,281	61,805
Amortisation
At 1 February 2024	51,524	10,281	61,805
At 31 January 2025	51,524	10,281	61,805
Carrying amount
At 31 January 2025	-	-	-
At 31 January 2024	-	-	-

Crookdake Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

5	Tangible assets

	Land and buildings £	Plant and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 February 2024	546,579	1,179,120	18,425	1,744,124
Additions	-	140,670	-	140,670
Disposals	-	(22,400)	-	(22,400)
At 31 January 2025	546,579	1,297,390	18,425	1,862,394
Depreciation
At 1 February 2024	223,730	606,341	16,017	846,088
Charge for the year	27,330	75,736	602	103,668
Eliminated on disposal	-	(18,652)	-	(18,652)
At 31 January 2025	251,060	663,425	16,619	931,104
Carrying amount
At 31 January 2025	295,519	633,965	1,806	931,290
At 31 January 2024	322,849	572,779	2,408	898,036

Crookdake Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

6	Other financial assets (current and non-current)

	2025 £	2024 £
Non-current financial assets
Financial assets at cost	85,993	80,294

	Financial assets at cost £	Total £
Non-current financial assets
Cost or valuation
At 1 February 2024	80,293	80,293
Additions	5,700	5,700
At 31 January 2025	85,993	85,993
Carrying amount
At 31 January 2025	85,993	85,993
At 31 January 2024	80,294	80,294

7

Debtors

	2025 £	2024 £
Trade debtors	29,633	29,293
Other debtors	56,754	41,420
	86,387	70,713

Crookdake Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025 (continued)

8

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	235,160	154,143
Trade creditors		80,308	62,183
Taxation and social security		1,428	5,626
Other creditors		7,898	14,468
		324,794	236,420
Due after one year
Loans and borrowings	9	958,179	983,000
Other creditors		9,411	10,860
		967,590	993,860