REGISTERED NUMBER: 03443510 (England and Wales)

BAWTRY FARMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K McDonald OBE

D B McDonald

M McDonald CA

Miss A McDonald

SECRETARY:

D B McDonald

REGISTERED OFFICE:

Serlby Hall

Serlby

Bawtry

Doncaster

South Yorkshire

DN10 6BA

REGISTERED NUMBER:

03443510 (England and Wales)

FIXED ASSETS

Intangible assets

4

24,000

36,000

Tangible assets

5

5,311,580

5,222,361

Investments

6

60

60

5,335,640

5,258,421

CURRENT ASSETS

Stocks

307,084

417,286

Debtors

7

3,660,951

3,332,039

Cash at bank and in hand

552,105

1,080,698

4,520,140

4,830,023

CREDITORS

Amounts falling due within one year

8

978,172

1,094,015

NET CURRENT ASSETS

3,541,968

3,736,008

TOTAL ASSETS LESS CURRENT LIABILITIES

8,877,608

8,994,429

PROVISIONS FOR LIABILITIES

29,787

41,551

NET ASSETS

8,847,821

8,952,878

CAPITAL AND RESERVES

Called up share capital

3,500,000

3,500,000

Retained earnings

5,347,821

5,452,878

SHAREHOLDERS' FUNDS

8,847,821

8,952,878

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 22 December 2025 and were signed on its behalf by:

K McDonald OBE - Director

1.	STATUTORY INFORMATION

Bawtry 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.

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.

Turnover

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

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

-

20% on reducing balance and 10% 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.

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.

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 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

120,000

AMORTISATION

At 1 April 2024

84,000

Charge for year

12,000

At 31 March 2025

96,000

NET BOOK VALUE

At 31 March 2025

24,000

At 31 March 2024

36,000

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

4,937,349

1,131,313

6,068,662

Additions

360,364

10,245

370,609

Disposals

(223,349

)

-

(223,349

)

At 31 March 2025

5,074,364

1,141,558

6,215,922

DEPRECIATION

At 1 April 2024

-

846,301

846,301

Charge for year

-

58,041

58,041

At 31 March 2025

-

904,342

904,342

NET BOOK VALUE

At 31 March 2025

5,074,364

237,216

5,311,580

At 31 March 2024

4,937,349

285,012

5,222,361

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 April 2024

and 31 March 2025

60

NET BOOK VALUE

At 31 March 2025

60

At 31 March 2024

60

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

-

6,602

Other debtors

3,660,951

3,325,437

3,660,951

3,332,039

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

248,861

133,415

Taxation and social security

78,362

118,601

Other creditors

650,949

841,999

978,172

1,094,015

9.	RELATED PARTY DISCLOSURES

Serlby Quarry Limited

Subsidiary.

Included in other debtors is £424,694 (2024: £424,694) due from Serlby Quarry Limited.

K & DB McDonald Farming Partnership

A partnership in which K & DB McDonald are partners.

During the year K & DB McDonald Farming Partnership charged the company £169,500 (2024: £144,600) in respect of goods and services.

The Serlby Hall Settlement

A Trust controlled by the directors.

During the year The Serlby Hall Settlement charged the company £14,000 (2024: £14,000) in respect of property rent.

The Serlby Land Settlement

A Trust controlled by the directors.

During the year The Serlby Land Settlement charged the company £100,000 (2024: £100,000) in respect of property rent.

Directors Loan Account

Included in other debtors is £1,223,308 (2024: £1,322,131) owed by a director to the company. Interest has been charged.