Caseware UK (AP4) 2024.0.164 2024.0.164 2024-12-31 2024-12-31 3 2024-01-01 false 3 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06384088 2024-01-01 2024-12-31 06384088 2023-01-01 2023-12-31 06384088 2024-12-31 06384088 2023-12-31 06384088 2023-01-01 06384088 c:Director1 2024-01-01 2024-12-31 06384088 c:Director2 2024-01-01 2024-12-31 06384088 d:Buildings 2024-01-01 2024-12-31 06384088 d:Buildings 2024-12-31 06384088 d:Buildings 2023-12-31 06384088 d:Buildings d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06384088 d:Buildings d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 06384088 d:PlantMachinery 2024-01-01 2024-12-31 06384088 d:MotorVehicles 2024-01-01 2024-12-31 06384088 d:FurnitureFittings 2024-01-01 2024-12-31 06384088 d:ComputerEquipment 2024-01-01 2024-12-31 06384088 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 06384088 d:OtherPropertyPlantEquipment 2024-12-31 06384088 d:OtherPropertyPlantEquipment 2023-12-31 06384088 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06384088 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 06384088 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 06384088 d:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 06384088 d:CurrentFinancialInstruments 2024-12-31 06384088 d:CurrentFinancialInstruments 2023-12-31 06384088 d:Non-currentFinancialInstruments 2024-12-31 06384088 d:Non-currentFinancialInstruments 2023-12-31 06384088 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 06384088 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06384088 d:Non-currentFinancialInstruments d:AfterOneYear 2024-12-31 06384088 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 06384088 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-12-31 06384088 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 06384088 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-12-31 06384088 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 06384088 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-12-31 06384088 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 06384088 d:ShareCapital 2024-12-31 06384088 d:ShareCapital 2023-12-31 06384088 d:RetainedEarningsAccumulatedLosses 2024-12-31 06384088 d:RetainedEarningsAccumulatedLosses 2023-12-31 06384088 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 06384088 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 06384088 c:OrdinaryShareClass1 2024-01-01 2024-12-31 06384088 c:OrdinaryShareClass1 2024-12-31 06384088 c:OrdinaryShareClass1 2023-12-31 06384088 c:OrdinaryShareClass2 2024-01-01 2024-12-31 06384088 c:OrdinaryShareClass2 2024-12-31 06384088 c:OrdinaryShareClass2 2023-12-31 06384088 c:OrdinaryShareClass3 2024-01-01 2024-12-31 06384088 c:OrdinaryShareClass3 2024-12-31 06384088 c:OrdinaryShareClass3 2023-12-31 06384088 c:FRS102 2024-01-01 2024-12-31 06384088 c:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 06384088 c:FullAccounts 2024-01-01 2024-12-31 06384088 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06384088 d:HirePurchaseContracts d:WithinOneYear 2024-12-31 06384088 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 06384088 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-12-31 06384088 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 06384088 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-12-31 06384088 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-12-31 06384088 e:PoundSterling 2024-01-01 2024-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 06384088 CLARKE FARMS (ISLEHAM) LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 DECEMBER 2024
CLARKE FARMS (ISLEHAM) LIMITED REGISTERED NUMBER: 06384088 BALANCE SHEET AS AT 31 DECEMBER 2024
|  | 2024 |  | 2023
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 1,101,311 |  | 984,219
Current assets |  |  |  |  |
Stocks |  | 400,945 |  | 387,398 |
Debtors: amounts falling due within one year | 5 | 313,790 |  | 171,487 |
|  | 714,735 |  | 558,885 |
Current liabilities |  |  |  |  |
Creditors: amounts falling due within one year | 6 | (464,534) |  | (488,066) |
Net current assets |  |  | 250,201 |  | 70,819
Total assets less current liabilities |  |  | 1,351,512 |  | 1,055,038
Creditors: amounts falling due after more than one year | 7 |  | (422,853) |  | (353,640)
Provisions for liabilities |  |  |  |  |
Deferred tax | 10 |  | (175,618) |  | (146,345)
Net assets |  |  | 753,041 |  | 555,053
Capital and reserves |  |  |  |  |
Called up share capital | 11 |  | 100 |  | 100
Profit and loss account |  |  | 752,941 |  | 554,953
|  |  | 753,041 |  | 555,053
Page 1
CLARKE FARMS (ISLEHAM) LIMITED REGISTERED NUMBER: 06384088 BALANCE SHEET (CONTINUED) AS AT 31 DECEMBER 2024 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
................................................ Mr M Clarke | ................................................ Mrs L Clarke
Director | Director
Date: 14 September 2025 | Date:14 September 2025
The notes on pages 3 to 10 form part of these financial statements. Page 2
CLARKE FARMS (ISLEHAM) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. | General information
Clarke Farms (Isleham) Limited is a private Company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is 21 Little London, Isleham, Ely, Cambridgeshire, CB7 5SE. The Company is not part of a group. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably. Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the contract; ∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and ∙the costs incurred and the costs to complete the contract can be measured reliably. Page 3
CLARKE FARMS (ISLEHAM) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.3 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.4 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.5 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Page 4
CLARKE FARMS (ISLEHAM) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis. Depreciation is provided on the following basis:
|  |  |  | Freehold property | - | not depreciated
|  |  |  | Plant and machinery | - | 15% reducing balance
|  |  |  | Motor vehicles | - | 25% reducing balance
|  |  |  | Implements | - | 15% reducing balance
|  |  |  | Computer equipment | - | 15% reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.8 | Stocks
Stocks are stated at the lower of cost and net realisable value. The deemed cost of harvested crops is based on 75% of its expected sales value in accordance with BEN19.
| 2.9 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.10 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.11 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method. Page 5
CLARKE FARMS (ISLEHAM) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 2.Accounting policies (continued)
| 2.12 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation. Increases in provisions are generally charged as an expense to profit or loss.
| 2.13 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
3. | Employees
| The average monthly number of employees, including directors, during the year was 3 (2023 - 3).
Page 6
CLARKE FARMS (ISLEHAM) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
4. | Tangible fixed assets
|  | Freehold property | Other fixed assets | Total
|  | £ | £ | £
| Cost |  |  |
| At 1 January 2024 | 398,840 | 1,220,656 | 1,619,496
| Additions | - | 316,841 | 316,841
| Disposals | - | (186,954) | (186,954)
| At 31 December 2024 | 398,840 | 1,350,543 | 1,749,383
| Depreciation |  |  |
| At 1 January 2024 | - | 635,277 | 635,277
| Charge for the year on owned assets | - | 84,503 | 84,503
| Charge for the year on financed assets | - | 40,980 | 40,980
| Disposals | - | (112,688) | (112,688)
| At 31 December 2024 | - | 648,072 | 648,072
| Net book value |  |  |
| At 31 December 2024 | 398,840 | 702,471 | 1,101,311
| At 31 December 2023 | 398,840 | 585,379 | 984,219
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Plant and machinery | 232,220 | 137,237
Page 7
CLARKE FARMS (ISLEHAM) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
5. | Debtors
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Trade debtors | 230,876 | 143,676
| Other debtors | 25,325 | 7,513
| Prepayments | 51,975 | 14,684
| Tax recoverable | 5,614 | 5,614
|  | 313,790 | 171,487
6. | Creditors: Amounts falling due within one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank overdrafts | 71,014 | 159,564
| Bank loans | 22,186 | 21,141
| Trade creditors | 239,760 | 215,315
| Corporation tax | 63,119 | 20,663
| Obligations under finance lease and hire purchase contracts | 60,462 | 65,030
| Other creditors | 2,193 | 1,153
| Accruals | 5,800 | 5,200
|  | 464,534 | 488,066
7. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Bank loans | 330,409 | 353,640
| Net obligations under finance leases and hire purchase contracts | 92,444 | -
|  | 422,853 | 353,640
| Included within creditors are secured debts amounting to £152,906 (2023 - £65,030) which are secured on the fixed assets to which they relate to and £352,595 (2023 - £374,781) which are secured via a fixed and floating charge over the Company's assets.
Page 8
CLARKE FARMS (ISLEHAM) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
8. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 22,186 | 21,141
| Amounts falling due 1-2 years |  |
| Bank loans | 22,186 | 21,141
| Amounts falling due 2-5 years |  |
| Bank loans | 43,684 | 52,943
| Amounts falling due after more than 5 years |  |
| Bank loans | 264,539 | 279,556
|  | 352,595 | 374,781
9. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Within one year | 60,462 | 65,030
| Between 1-5 years | 92,444 | -
|  | 152,906 | 65,030
Page 9
CLARKE FARMS (ISLEHAM) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
10. | Deferred taxation
|  | 2024 | 2023
|  | £ | £
| At beginning of year | (146,345) | (139,652)
| Charged to profit or loss | (29,273) | (6,693)
| At end of year | (175,618) | (146,345)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
| Accelerated capital allowances | (175,618) | (146,345)
11. | Share capital
|  |  |  |  | 2024 | 2023
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 45 (2023 - 45) Ordinary A shares of £1.00 each | 45 | 45
|  | 45 (2023 - 45) Ordinary B shares of £1.00 each | 45 | 45
|  | 10 (2023 - 10) Ordinary C shares of £1.00 each | 10 | 10
|  |  | 100 | 100
12. | Pension commitments
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £61 (2023 - £76). No contributions (2023 - £Nil) were payable to the fund at the balance sheet date.
13. | Related party transactions
| During the year the Company operated loans with the directors of the Company. The amount payable to the directors of the Company at the year end was £2,193 (2023 - £1,153). These loans are interest free and repayable on demand.
Page 10