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Earls Colne Farm Limited
Registered Number:08291076
For the year ended 31 March 2022
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2022
Earls Colne Farm Limited
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
08291076
As at 31 March 2022
Earls Colne Farm Limited
Statement of Financial Position
£
£
2021
2022
Notes
Fixed assets
Property, plant and equipment
105,401
87,261
2
105,401
87,261
Current assets
Inventories
1,500
1,500
3
Trade and other receivables
5,533
18,441
4
41,984
Cash and cash equivalents
11,288
31,229
49,017
Trade and other payables: amounts falling due within one year
(66)
(1,441)
5
48,951
29,788
Net current assets
Total assets less current liabilities
135,189
136,212
Trade and other payables: amounts falling due after more than
one year
(227,109)
(172,933)
6
(37,744)
Net liabilities
(90,897)
Capital and reserves
Called up share capital
1
1
Fair value reserve
50,433
-
Retained earnings
(88,178)
(90,898)
(37,744)
(90,897)
Shareholders' funds
For the year ended 31 March 2022 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
08291076
For the year ended 31 March 2022
Earls Colne Farm Limited
Statement of Financial Position Continued
Mr Spencer David Davis Director
These financial statements were approved and authorised for issue by the Board on 11 August 2022 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2022
Earls Colne Farm Limited
Notes to the Financial Statements
Statutory Information
Earls Colne Farm Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
08291076.
Registered address:
Earls Colne Farms
Halstead Road
Earls Colne
Essex
CO6 2NL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Land is not depreciated but periodically revalued. The freeholder at times accounts for the apreciation by giving ECF Ltd (The Leasee) a rebate.Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
0% Per annum on cost
Plant and Machinery
20% Straight line
25% Straight line
Computer Equipment
50% Straight line
Motor Vehicles
10% Straight line
Trees
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6
For the year ended 31 March 2022
Earls Colne Farm Limited
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Computer
Equipment
Trees
Motor Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
£
Cost or valuation
At 01 April 2021
143,218
899
13,808
43,455
65,488
19,568
74,959
-
37,794
-
37,165
-
Additions
-
-
(32,367)
-
-
Disposals
(32,367)
50,433
-
-
-
-
50,433
Revaluations
Transfers
(70,000)
-
-
-
-
(70,000)
At 31 March 2022
1
11,088
51,602
899
166,243
102,653
Provision for depreciation and impairment
At 01 April 2021
55,957
-
4,142
18,831
32,984
-
Charge for year
17,058
225
1,381
3,925
11,527
-
(12,173)
-
-
(12,173)
-
-
On disposal
At 31 March 2022
60,842
225
5,523
10,583
44,511
-
At 31 March 2022
Net book value
1
58,142
505
46,079
674
105,401
19,568
32,504
24,624
9,666
899
87,261
At 31 March 2021
3. Inventories
2021
2022
£
£
Stocks
1,500
1,500
4. Trade and other receivables
2021
2022
£
£
Prepayments and accrued income
-
14,500
Taxation and social security
18,441
7,332
Other debtors
-
(16,299)
5,533
18,441
The debtors above include the following amounts falling due after more than one year:
Other debtors
-
(24,972)
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7
For the year ended 31 March 2022
Earls Colne Farm Limited
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year
2021
2022
£
£
Trade creditors
1
-
Taxation and social security
1,385
-
Other creditors
55
66
1,441
66
6. Trade and other payables: amounts falling due after more than one year
2021
2022
£
£
Bank loans and overdraft
33,412
48,750
178,359
114,133
Directors' loan accounts
Other creditors
25,388
-
172,933
227,109
A BBIL of £50,000 was taken out during the YE 31/03/2021. Repayments commenced on 1/12/2021. Loan is due to repaid in full on 31/05/2026
7. Average number of persons employed
During the year the average number of employees was 4 (2021 : 3)
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