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Coyte Farm Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 March 2022

Registration number: 08133501

 

Coyte Farm Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 6

 

Coyte Farm Limited

Company Information

Director

Mr H J Richards

Registered office

Lowin House
Tregolls Road
Cornwall
TRURO

Bankers

Barclays
10 Church Street
St Austell
Cornwall
PL25 4AS

Accountants

Francis Clark LLP
Chartered Accountants
Lowin House
Tregolls Road
Truro
Cornwall
TR1 2NA

 

Coyte Farm Limited

Balance Sheet

31 March 2022

Note

2022
£

2021
£

Current assets

 

Cash at bank and in hand

 

105

89

Creditors: Amounts falling due within one year

4

(51,184)

(50,771)

Net liabilities

 

(51,079)

(50,682)

Capital and reserves

 

Called up share capital

5

1

1

Profit and loss account

(51,080)

(50,683)

Shareholders' deficit

 

(51,079)

(50,682)

 

Coyte Farm Limited

Balance Sheet

31 March 2022

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 31 August 2022
 

.........................................
Mr H J Richards
Director

Company Registration Number: 08133501

 

Coyte Farm Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2022

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Lowin House
Tregolls Road
Cornwall
TRURO

The principal place of business is:
Coyte Farm
St Mewan
St Austell
Cornwall
PL26 7DR

These financial statements were authorised for issue by the director on 31 August 2022.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

 

Coyte Farm Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2022

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2021 - 1).

4

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Other creditors

51,184

50,771

 

Coyte Farm Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2022

5

Share capital

Allotted, called up and fully paid shares

 

2022

2021

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1