FORSE FARMS LTD

Company Registration Number:
SC388765 (Scotland)

Unaudited abridged accounts for the year ended 30 November 2021

Period of accounts

Start date: 01 December 2020

End date: 30 November 2021

FORSE FARMS LTD

Contents of the Financial Statements

for the Period Ended 30 November 2021

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 9

FORSE FARMS LTD

Company Information

for the Period Ended 30 November 2021




Director: Patricia Williamson
Peter Williamson
Secretary: Patricia Williamson
Registered office: Achingills Farm
Hilliclay Road
Halkirk
Caithness
KW12 6XB
Company Registration Number: SC388765 (Scotland)

FORSE FARMS LTD

Balance sheet

As at 30 November 2021


Notes

2021
£

2020
£
Fixed assets
Intangible assets: 4 334,000 334,000
Tangible assets: 5 684,799 686,084
Total fixed assets: 1,018,799 1,020,084
Current assets
Debtors: 4,300
Cash at bank and in hand: 44,093 41,708
Total current assets: 48,393 41,708
Creditors: amounts falling due within one year: ( 11,580 )
Net current assets (liabilities): 36,813 41,708
Total assets less current liabilities: 1,055,612 1,061,792
Creditors: amounts falling due after more than one year: ( 193,300 ) ( 235,500 )
Total net assets (liabilities): 862,312 826,292

The notes form part of these financial statements

FORSE FARMS LTD

Balance sheet continued

As at 30 November 2021


Notes

2021
£

2020
£
Capital and reserves
Called up share capital: 203,000 203,000
Revaluation reserve: 6 334,000 334,000
Profit and loss account: 325,312 289,292
Shareholders funds: 862,312 826,292

For the year ending 30 November 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

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

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 29 August 2022
And Signed On Behalf Of The Board By:

Name: Patricia Williamson
Status: Director

The notes form part of these financial statements

FORSE FARMS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FORSE FARMS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

  • 2. Employees


    2021

    2020
    Average number of employees during the period 2 2

FORSE FARMS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

  • 3. Off balance sheet disclosure

    No

FORSE FARMS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

  • 4. Intangible assets

    Total
    Cost £
    At 01 December 2020 334,000
    Additions -
    Disposals -
    Revaluations -
    Transfers -
    At 30 November 2021 334,000
    Amortisation
    Charge for year -
    On disposals -
    Other adjustments -
    Amortisation at 30 November 2021 -
    Net book value
    Net book value at 30 November 2021 334,000
    Net book value at 30 November 2020 334,000

FORSE FARMS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

5. Tangible Assets

Total
Cost £
At 01 December 2020 687,562
Additions -
Disposals -
Revaluations -
Transfers -
At 30 November 2021 687,562
Depreciation
At 01 December 2020 1,478
Charge for year 1,285
On disposals -
Other adjustments -
At 30 November 2021 2,763
Net book value
At 30 November 2021 684,799
At 30 November 2020 686,084

FORSE FARMS LTD

Notes to the Financial Statements

for the Period Ended 30 November 2021

6. Revaluation reserve


2021
£
Balance at 01 December 2020 334,000
Surplus or deficit after revaluation 0
Balance at 30 November 2021 334,000