REGISTERED NUMBER: 07774156 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Charmley Farms Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Charmley

Mrs C A Charmley

B Charmley

J Charmley

REGISTERED OFFICE:

First Floor

11 Mallard Court

Mallard Way

Crewe

Cheshire

CW1 6ZQ

REGISTERED NUMBER:

07774156 (England and Wales)

FIXED ASSETS

Biological assets

4

282,000

282,000

Tangible assets

5

266,429

279,587

548,429

561,587

CURRENT ASSETS

Stocks

211,800

211,800

Debtors

6

28,569

20,414

Investments

7

429,304

220,296

Cash at bank

2,428

117,404

672,101

569,914

CREDITORS

Amounts falling due within one year

8

87,466

99,941

NET CURRENT ASSETS

584,635

469,973

TOTAL ASSETS LESS CURRENT LIABILITIES

1,133,064

1,031,560

CREDITORS

Amounts falling due after more than one year

9

(533,749

)

(528,393

)

PROVISIONS FOR LIABILITIES

(67,636

)

(53,121

)

NET ASSETS

531,679

450,046

CAPITAL AND RESERVES

Called up share capital

110

110

Retained earnings

531,569

449,936

531,679

450,046

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2025 and were signed on its behalf by:

B Charmley - Director

J Charmley - Director

1.	STATUTORY INFORMATION

Charmley Farms 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Changes in comparatives

The directors have considered the disclosure of certain items during the year and have decided hat it is appropriate to amend the comparatives in places. There has been no impact on profit as amendments have affected the disclosures only.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Biological assets

Biological assets

Biological assets are recognised only when three recognition criteria have been fulfilled:

1) The entity has control over the asset as a result of past events;

2) It is probable that future economic benefits associated with the asset will flow to the entity; and

3) The fair value or cost of the asset can be measure reliably.

Where the company opts to measure a biological assets under fair value model on initial recognition it must carry the asset fair value at each reporting date. Changes in fair value less costs to sell are recognised in profit or loss.

Where the company opts to measure agricultural produce harvested from a biological asset, this is measured at the point of harvest at either the lower of cost and estimated selling price less costs to complete and sell; or fair value less costs to sell with any gain or loss arising on initial recognition of agricultural produce at fair value less costs to sell being include in the profit or loss.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

Stocks

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

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement entered into. An equity instrument in any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non- current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	BIOLOGICAL ASSETS

Dairy

Herd

£

COST

At 1 January 2024

and 31 December 2024

282,000

NET BOOK VALUE

At 31 December 2024

282,000

At 31 December 2023

282,000

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

631,831

Additions

35,436

At 31 December 2024

667,267

DEPRECIATION

At 1 January 2024

352,244

Charge for year

48,594

At 31 December 2024

400,838

NET BOOK VALUE

At 31 December 2024

266,429

At 31 December 2023

279,587

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

11,173

10,453

Other debtors

17,396

9,961

28,569

20,414

7.	CURRENT ASSET INVESTMENTS

31/12/24

31/12/23

£

£

Listed investments

429,304

220,296

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts (see note 10)

-

22,090

Hire purchase contracts

5,882

10,083

Trade creditors

33,987

18,141

Taxation and social security

34,423

36,689

Other creditors

13,174

12,938

87,466

99,941

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Hire purchase contracts

-

5,882

Other creditors

533,749

522,511

533,749

528,393

10.

LOANS

An analysis of the maturity of loans is given below:

31/12/24

31/12/23

£

£

Amounts falling due within one year or on demand:

Bank loans

-

22,090

Bank loans of £22,090 (2022 £44,529) are subject to fixed and floating charge against all assets held by HSBC Bank Plc.

Hire Purchase is secured against the assets it relates to.