G. H. Caudwell Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00572361

G. H. Caudwell Limited

Filleted Unaudited Financial Statements

For the year ended

5 April 2025

G. H. Caudwell Limited

Statement of Financial Position

5 April 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5	1,413,667	1,341,235
Investments	6	1	1
		-------------	-------------
		1,413,668	1,341,236

Current assets

Stocks		53,214	25,810
Debtors	7	17,430	17,699
Cash at bank and in hand		54,908	138,083
		----------	----------
		125,552	181,592

Creditors: amounts falling due within one year	8	281,509		237,692
		----------		----------
Net current liabilities			155,957	56,100
			-------------	-------------
Total assets less current liabilities			1,257,711	1,285,136

Provisions

Taxation including deferred tax	71,714	68,599
	-------------	-------------
Net assets	1,185,997	1,216,537
	-------------	-------------

G. H. Caudwell Limited

Statement of Financial Position (continued)

5 April 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	5,500	5,500
Profit and loss account	1,180,497	1,211,037
	-------------	-------------
Shareholders funds	1,185,997	1,216,537
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 5 December 2025 , and are signed on behalf of the board by:

Mr R H Caudwell

Director

Company registration number: 00572361

G. H. Caudwell Limited

Notes to the Financial Statements

Year ended 5 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Rookery, Friskney, Boston, Lincs, PE22 8QU.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The company has net current liabilities at the balance sheet date. The accounts have been prepared on a going concern basis on the assumption that repayment of the loans from family shareholders and directors will not be sought without appropriate funds being available. At 5 April 2025 these loans total £251,722 - as included in other creditors in Note 9 to the financial statements.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions: Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and buildings	-	10% straight line
Plant and machinery	-	25% reducing balance
Office equipment	-	15% reducing balance

Investments

Fixed asset investments are initially recorded at cost.

Stocks

The professional farm valuation has been prepared by Messrs.Willsons on the basis of the lower of cost and net realisable value.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Office Equipment	Total
	£	£	£	£
Cost
At 6 April 2024	1,183,549	1,066,790	6,257	2,256,596
Additions	37,725	122,052	506	160,283
Disposals	–	( 26,887)	–	( 26,887)
	-------------	-------------	-------	-------------
At 5 April 2025	1,221,274	1,161,955	6,763	2,389,992
	-------------	-------------	-------	-------------
Depreciation
At 6 April 2024	108,039	801,590	5,732	915,361
Charge for the year	5,852	76,430	97	82,379
Disposals	–	( 21,415)	–	( 21,415)
	-------------	-------------	-------	-------------
At 5 April 2025	113,891	856,605	5,829	976,325
	-------------	-------------	-------	-------------
Carrying amount
At 5 April 2025	1,107,383	305,350	934	1,413,667
	-------------	-------------	-------	-------------
At 5 April 2024	1,075,510	265,200	525	1,341,235
	-------------	-------------	-------	-------------

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery
	£
At 5 April 2025	–
	----
At 5 April 2024	31,667
	---------

6. Investments

	Investments
	£
Cost
At 6 April 2024 and 5 April 2025	1
	----
Impairment
At 6 April 2024 and 5 April 2025	–
	----

Carrying amount
At 5 April 2025	1
	----
At 5 April 2024	1
	----

7. Debtors

	2025	2024
	£	£
Trade debtors	4,000	11,626
Other debtors	13,430	6,073
	---------	---------
	17,430	17,699
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	19,290	18,553
Corporation tax	–	8,136
Social security and other taxes	612	700
Other creditors	261,607	210,303
	----------	----------
	281,509	237,692
	----------	----------

9. Finance leases and hire purchase contracts

The total future minimum lease payments under finance leases and hire purchase contracts are as follows:

	2025	2024
	£	£
Not later than 1 year	–	14,124
	----	---------