A H Chantrell & Sons (Farmers) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00603843 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 March 2025

for

A H Chantrell & Sons (Farmers) Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

A Chantrell

P J Chantrell

REGISTERED OFFICE:

Charnwood House

Harcourt Way

Meridian Business Park

Leicestershire

LE19 1WP

REGISTERED NUMBER:

00603843 (England and Wales)

ACCOUNTANTS:

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

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 A H Chantrell & Sons (Farmers) Limited for the year ended 31 March 2025 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 http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A H Chantrell & Sons (Farmers) 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 A H Chantrell & Sons (Farmers) Limited and state those matters that we have agreed to state to the Board of Directors of A H Chantrell & Sons (Farmers) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A H Chantrell & Sons (Farmers) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A H Chantrell & Sons (Farmers) 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 profit of A H Chantrell & Sons (Farmers) Limited. You consider that A H Chantrell & Sons (Farmers) 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 A H Chantrell & Sons (Farmers) 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.

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

30 October 2025

FIXED ASSETS

Tangible assets

4

107,050

132,509

CURRENT ASSETS

Stocks

311,200

334,212

Debtors

5

113,435

126,781

Cash at bank

248,905

196,190

673,540

657,183

CREDITORS

Amounts falling due within one year

6

31,922

28,309

NET CURRENT ASSETS

641,618

628,874

TOTAL ASSETS LESS CURRENT
LIABILITIES

748,668

761,383

PROVISIONS FOR LIABILITIES

26,763

33,127

NET ASSETS

721,905

728,256

CAPITAL AND RESERVES

Called up share capital

7

375

Capital redemption reserve

125

Retained earnings

721,405

727,756

SHAREHOLDERS' FUNDS

721,905

728,256

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 30 October 2025 and were signed on its behalf by:

A Chantrell - Director

1.	STATUTORY INFORMATION

A H Chantrell & Sons (Farmers) 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.

Turnover is recognised at the point at which the sale of crops and livestock is agreed.

Tangible fixed assets

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

Freehold land

-

0% depreciation

Tractors, combines & vehicles

-

25% reducing balance

Fixtures and fittings

-

15% reducing balance

Plant & machinery

-

25% reducing balance

Stocks

Crop and store stocks are valued at lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Livestock and produce are valued at market 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 taxation

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.

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.	TANGIBLE FIXED ASSETS

Tractors,

Fixtures

Freehold

combines

and

Plant &

land

& vehicles

fittings

machinery

Totals

£

COST

At 1 April 2024

29,125

416,640

340,917

2,850

789,532

Additions

-

387

At 31 March 2025

29,125

416,640

340,917

3,237

789,919

DEPRECIATION

At 1 April 2024

-

315,848

339,928

1,247

657,023

Charge for year

-

25,200

148

498

25,846

At 31 March 2025

-

341,048

340,076

1,745

682,869

NET BOOK VALUE

At 31 March 2025

29,125

75,592

841

1,492

107,050

At 31 March 2024

29,125

100,792

989

1,603

132,509

The company has entered into a right to buy option agreement for the freehold land above of £29,125. This agreement is in place until such time the option is exercised and expires on 4 November 2039.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

29,105

26,680

Directors' current accounts

69,361

72,025

Tax

-

14,236

VAT

3,193

2,990

Prepayments and accrued income

11,776

10,850

113,435

126,781

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Trade creditors

12,760

18,995

Tax

11,614

3,855

Social security and other taxes

607

685

Directors' current accounts

1,560

-

Accrued expenses

5,381

4,774

31,922

28,309

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

375

Ordinary

£1

375

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

A Chantrell

Balance outstanding at start of year

63,625

57,672

Amounts advanced

5,736

5,953

Amounts repaid

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

69,361

63,625

P J Chantrell

Balance outstanding at start of year

8,400

1,480

Amounts advanced

4,040

6,920

Amounts repaid

(12,440

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

8,400

These loans are unsecured, interest free and repayable on demand.