| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 5 April 2025 |
| for |
| Oswald Potter Farms (Kirklington) |
| Limited |
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 5 April 2025 |
| for |
| Oswald Potter Farms (Kirklington) |
| Limited |
| Oswald Potter Farms (Kirklington) |
| Limited (Registered number: 01304952) |
| Contents of the Financial Statements |
| for the Year Ended 5 April 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Oswald Potter Farms (Kirklington) |
| Limited |
| Company Information |
| for the Year Ended 5 April 2025 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Eva Lett House |
| 1 South Crescent |
| Ripon |
| North Yorkshire |
| HG4 1SN |
| Oswald Potter Farms (Kirklington) |
| Limited (Registered number: 01304952) |
| Balance Sheet |
| 5 April 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks | 5 |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Oswald Potter Farms (Kirklington) |
| Limited (Registered number: 01304952) |
| Balance Sheet - continued |
| 5 April 2025 |
| The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on |
| Oswald Potter Farms (Kirklington) |
| Limited (Registered number: 01304952) |
| Notes to the Financial Statements |
| for the Year Ended 5 April 2025 |
| 1. | STATUTORY INFORMATION |
| Oswald Potter Farms (Kirklington) Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents net invoiced sales of goods, services and subsidies, excluding value added tax. |
| Tangible fixed assets |
| Freehold Land and Buildings | - |
| Plant and Machinery | - |
| Office Equipment | - |
| Motor Vehicles | - |
| Tractors | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Oswald Potter Farms (Kirklington) |
| Limited (Registered number: 01304952) |
| Notes to the Financial Statements - continued |
| for the Year Ended 5 April 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold |
| Land and | Plant and | Office |
| Buildings | Machinery | Equipment |
| £ | £ | £ |
| COST OR VALUATION |
| At 6 April 2024 |
| Additions |
| Disposals | ( |
) |
| At 5 April 2025 |
| DEPRECIATION |
| At 6 April 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 5 April 2025 |
| NET BOOK VALUE |
| At 5 April 2025 |
| At 5 April 2024 |
| Motor |
| Vehicles | Tractors | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 6 April 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 5 April 2025 |
| DEPRECIATION |
| At 6 April 2024 |
| Charge for year | ( |
) |
| Eliminated on disposal | ( |
) | ( |
) |
| At 5 April 2025 |
| NET BOOK VALUE |
| At 5 April 2025 |
| At 5 April 2024 |
| Included in cost or valuation of land and buildings is freehold land of £ 7,176,000 (2024 - £ 7,176,000 ) which is not depreciated. |
| Oswald Potter Farms (Kirklington) |
| Limited (Registered number: 01304952) |
| Notes to the Financial Statements - continued |
| for the Year Ended 5 April 2025 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 5 April 2025 is represented by: |
| Freehold |
| Land and | Plant and | Motor |
| Buildings | Machinery | Vehicles | Tractors | Totals |
| £ | £ | £ | £ | £ |
| Valuation in 1990 | 32,394 | - | - | - | 32,394 |
| Valuation in 2015 | 4,273,742 | - | - | - | 4,273,742 |
| Valuation in 2024 | 2,188,974 | - | - | - | 2,188,974 |
| Cost | 3,339,024 | 839,806 | 41,575 | 158,494 | 4,378,899 |
| 9,834,134 | 839,806 | 41,575 | 158,494 | 10,874,009 |
| If Freehold Land and Buildings had not been revalued they would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 1,696,764 | 1,696,764 |
| Aggregate depreciation | 184,583 | 173,219 |
| Value of land in freehold land and buildings | 1,128,575 | 1,128,575 |
| Freehold Land and Buildings were valued on an open market basis on 5 April 2024 by the Directors . |
| 5. | STOCKS |
| 2025 | 2024 |
| £ | £ |
| Produce |
| Growing Crops | 117,865 | 133,218 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade Debtors |
| Other Debtors |
| Prepayments and Accrued Income |
| Oswald Potter Farms (Kirklington) |
| Limited (Registered number: 01304952) |
| Notes to the Financial Statements - continued |
| for the Year Ended 5 April 2025 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade Creditors |
| Taxation |
| Other Taxes and PAYE |
| Directors Current Accounts | 4,321 | - |
| Accruals and Deferred Income |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank Loans |
| Bank loans - 2-5 years |
| Bank loans more 5 yr by instal |
| Hire purchase contracts |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 913,280 | 967,892 |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 6 April 2024 |
| and 5 April 2025 |