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REGISTERED NUMBER: 11321352 (England and Wales)















Unaudited Financial Statements

for the year ended

31 December 2021

for

H y G Farming Limited

H y G Farming Limited (Registered number: 11321352)






Contents of the Financial Statements
for the year ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


H y G Farming Limited

Company Information
for the year ended 31 December 2021







DIRECTOR: Mr D H Wynne-Finch





REGISTERED OFFICE: Foelas Hall
Pentrefoelas
Betws-Y-Coed
Conwy
LL24 0SU





REGISTERED NUMBER: 11321352 (England and Wales)





ACCOUNTANTS: Powell Chartered Accountants
Market Street
Ruthin
Denbighshire
LL15 1AU

H y G Farming Limited (Registered number: 11321352)

Balance Sheet
31 December 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,400 14,400
Tangible assets 5 22,820 23,992
37,220 38,392

CURRENT ASSETS
Stocks 35,165 50,798
Debtors 6 6,452 8,447
Cash at bank 16,535 8,515
58,152 67,760
CREDITORS
Amounts falling due within one year 7 23,803 42,253
NET CURRENT ASSETS 34,349 25,507
TOTAL ASSETS LESS CURRENT LIABILITIES 71,569 63,899

CREDITORS
Amounts falling due after more than one year 8 39,167 45,000
NET ASSETS 32,402 18,899

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,302 18,799
32,402 18,899

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18 August 2022 and were signed by:





Mr D H Wynne-Finch - Director


H y G Farming Limited (Registered number: 11321352)

Notes to the Financial Statements
for the year ended 31 December 2021

1. STATUTORY INFORMATION

H y G Farming 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Straight line over 20 years
Plant and machinery etc - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

H y G Farming Limited (Registered number: 11321352)

Notes to the Financial Statements - continued
for the year ended 31 December 2021

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2021
and 31 December 2021 14,400
NET BOOK VALUE
At 31 December 2021 14,400
At 31 December 2020 14,400

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2021 20,288 6,182 26,470
Additions - 1,350 1,350
At 31 December 2021 20,288 7,532 27,820
DEPRECIATION
At 1 January 2021 1,014 1,464 2,478
Charge for year 1,015 1,507 2,522
At 31 December 2021 2,029 2,971 5,000
NET BOOK VALUE
At 31 December 2021 18,259 4,561 22,820
At 31 December 2020 19,274 4,718 23,992

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 4,340 -
Other debtors 2,112 8,447
6,452 8,447

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 5,000 5,000
Trade creditors 2,416 1,312
Taxation and social security 2,532 -
Other creditors 13,855 35,941
23,803 42,253

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 39,167 45,000