Fontridge Manor Farm Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01502895 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

FONTRIDGE MANOR FARM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

5

DIRECTORS:

H J G Kruisinga

H P J Kruisinga

SECRETARY:

H P J Kruisinga

REGISTERED OFFICE:

20 Havelock Road

Hastings

East Sussex

TN34 1BP

REGISTERED NUMBER:

01502895 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

FIXED ASSETS

Tangible assets

4

1,487,419

1,537,549

CURRENT ASSETS

Stocks

29,725

13,485

Debtors

5

124,860

143,355

Cash at bank

105,439

189,296

260,024

346,136

CREDITORS

Amounts falling due within one year

6

6,649,385

6,615,904

NET CURRENT LIABILITIES

(6,389,361

)

(6,269,768

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,901,942

)

(4,732,219

)

CAPITAL AND RESERVES

Called up share capital

1,000

Retained earnings

(4,902,942

)

(4,733,219

)

SHAREHOLDERS' FUNDS

(4,901,942

)

(4,732,219

)

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 1 December 2025 and were signed on its behalf by:

H P J Kruisinga - Director

1.	STATUTORY INFORMATION

Fontridge Manor 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.

The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting.

Turnover

Turnover represents net invoiced sales of livestock and contracting income together with the relevant grants and subsidies, excluding value added tax.

Tangible fixed assets

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

Leasehold Farm Buildings & Lagoon

-

2% on cost

Plant & Machinery

-

20% on cost

Fixtures & Equipment

-

15% on cost

Motor Vehicles & Tractors

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making allowance for obsolete and slow moving items. Stocks have been valued professionally by BTF Partnership LLP, Surveyors, Auctioneer's and Land Agents of Challock, Ashford as at 31 December 2024.

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 6 (2023 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Leasehold

Farm

Motor

Buildings

Plant &

Fixtures

Vehicles

& Lagoon

Machinery

& Equipment

& Tractors

Totals

£

COST

At 1 January 2024

and 31 December 2024

2,485,969

296,105

55,883

70,293

2,908,250

DEPRECIATION

At 1 January 2024

951,299

296,105

53,004

70,293

1,370,701

Charge for year

49,719

-

411

-

50,130

At 31 December 2024

1,001,018

296,105

53,415

70,293

1,420,831

NET BOOK VALUE

At 31 December 2024

1,484,951

-

2,468

-

1,487,419

At 31 December 2023

1,534,670

-

2,879

-

1,537,549

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade debtors

12,920

22,734

Other debtors

23,140

21,821

La Riviere Limited

88,800

98,800

124,860

143,355

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

Trade creditors

16,261

16,372

Tax

27,309

16,149

PAYE and NIC

10,126

2,486

VAT

811

458

HJG Kruisinga current A/C

373,898

364,298

HPJ Kruisinga current A/C

199,007

194,593

Fontridge Holding Company

Limited current A/C

6,012,333

Deposits

715

Accrued expenses

8,925

8,500

6,649,385

6,615,904

7.	RELATED PARTY DISCLOSURES

The company's holding company is Fontridge Holding Company Limited, a company registered in Jersey. The ultimate controllers of the company are Rozel Trustees (Channel Islands) Limited, a company registered in Jersey. The person with significant control is C M R Prive. The inter-company current account is disclosed in the notes.

HJG Kruisinga and HPJ Kruisinga are the directors of Cross Options Beheer BV, Cross Options (UK) Limited, and La Riviere Limited. The amounts owed to and by these companies is disclosed in the notes.

HJG Kruisinga and HPJ Kruisinga paid rent to the company from 1 April 2022 for their personal use of company property, the amount paid represents a market rate rent. The total rent paid by the directors to the company during the year was £48,033.

During the year ending 31 December 2024, Fontridge Manor Farm Limited was paid £95,040 by La Riviere Limited for Contract Rearing. During the year Fontridge Manor Farm Limited paid La Riviere Limited £3,096 for animal feed and labour.The amount owed at the year end by this company is disclosed in the notes.

No other transactions with related parties were undertaken such as are required to be disclosed under the Financial Reporting Standard for Smaller Entities.

8.	GOING CONCERN

The directors have confirmed that they will continue to financially support the company until at least 31st December 2027.

The directors consider that the going concern basis is the most appropriate basis for the preparation of these accounts. Consequently, no adjustments need be made to reduce assets to their recoverable amount nor to provide for any liabilities not already accrued for in these accounts.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Fontridge Manor Farm Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes 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 within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Fontridge Manor Farm Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fontridge Manor Farm Limited and state those matters that we have agreed to state to the Board of Directors of Fontridge Manor Farm Limited, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Fontridge Manor Farm Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Fontridge Manor Farm Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Fontridge Manor Farm Limited. You consider that Fontridge Manor Farm 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 financial statements of Fontridge Manor Farm 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 financial statements.

Ashdown Hurrey

Chartered Accountants & Business Advisers

20 Havelock Road

Hastings

East Sussex

TN34 1BP

1 December 2025