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REGISTERED NUMBER: 04620758 (England and Wales)














LOWER CLAVERHAM FARM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021






LOWER CLAVERHAM FARM LIMITED (REGISTERED NUMBER: 04620758)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


LOWER CLAVERHAM FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: Mr P E Rossi
Mrs R E Rossi
Mr A J Rossi





SECRETARY: Mrs R E Rossi





REGISTERED OFFICE: 20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE





REGISTERED NUMBER: 04620758 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE

LOWER CLAVERHAM FARM LIMITED (REGISTERED NUMBER: 04620758)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 206,459 151,431
Investments 5 23,161 95,145
Investment property 6 260,000 260,000
489,620 506,576

CURRENT ASSETS
Stocks 29,860 29,860
Debtors 7 106,786 93,414
Cash at bank 165,343 104,897
301,989 228,171
CREDITORS
Amounts falling due within one year 8 128,691 115,900
NET CURRENT ASSETS 173,298 112,271
TOTAL ASSETS LESS CURRENT
LIABILITIES

662,918

618,847

PROVISIONS FOR LIABILITIES 35,452 33,367
NET ASSETS 627,466 585,480

CAPITAL AND RESERVES
Called up share capital 9 200 200
Fair value reserve 16,229 31,373
Retained earnings 611,037 553,907
SHAREHOLDERS' FUNDS 627,466 585,480

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 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.

LOWER CLAVERHAM FARM LIMITED (REGISTERED NUMBER: 04620758)

BALANCE SHEET - continued
31 DECEMBER 2021


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 20 July 2022 and were signed on its behalf by:





Mrs R E Rossi - Director


LOWER CLAVERHAM FARM LIMITED (REGISTERED NUMBER: 04620758)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

Lower Claverham Farm 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 10% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 3 (2020 - 3 ) .

LOWER CLAVERHAM FARM LIMITED (REGISTERED NUMBER: 04620758)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


4. TANGIBLE FIXED ASSETS
Long Plant and Motor Computer
leasehold machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2021 43,120 526,601 41,640 6,337 617,698
Additions - 85,425 43,150 - 128,575
Disposals - (41,500 ) (15,745 ) - (57,245 )
At 31 December 2021 43,120 570,526 69,045 6,337 689,028
DEPRECIATION
At 1 January 2021 28,571 407,521 26,220 3,955 466,267
Charge for year 1,455 50,356 13,399 240 65,450
Eliminated on disposal - (38,384 ) (10,764 ) - (49,148 )
At 31 December 2021 30,026 419,493 28,855 4,195 482,569
NET BOOK VALUE
At 31 December 2021 13,094 151,033 40,190 2,142 206,459
At 31 December 2020 14,549 119,080 15,420 2,382 151,431

5. FIXED ASSET INVESTMENTS
Other
investmen
£   
COST OR VALUATION
At 1 January 2021 95,145
Disposals (76,005 )
Revaluations 4,021
At 31 December 2021 23,161
NET BOOK VALUE
At 31 December 2021 23,161
At 31 December 2020 95,145

Cost or valuation at 31 December 2021 is represented by:

Other
investmen
£   
Valuation in 2016 120,000
Valuation in 2016 17,916
Valuation in 2017 26,701
Valuation in 2018 (12,133 )
Valuation in 2019 (62,773 )
Valuation in 2020 5,434
Valuation in 2021 (71,984 )
23,161

LOWER CLAVERHAM FARM LIMITED (REGISTERED NUMBER: 04620758)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021
and 31 December 2021 260,000
NET BOOK VALUE
At 31 December 2021 260,000
At 31 December 2020 260,000

Fair value at 31 December 2021 is represented by:
£   
Valuation in 2016 249,751
Valuation in 2017 249
Valuation in 2018 10,000
260,000

If the investment property had not been revalued it would have been included at the following historical cost:

2021 2020
£    £   
Cost 249,751 249,751

Investment property was valued on an open market basis on 31 December 2021 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 97,165 76,708
Other debtors 8 -
Tax - 5,299
VAT 3,779 5,125
Prepayments 5,834 6,282
106,786 93,414

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 40,232 16,091
Tax 26,723 13,865
Social security and other taxes - 250
Other creditors 61,675 69,157
Directors' current accounts 61 16,537
128,691 115,900

LOWER CLAVERHAM FARM LIMITED (REGISTERED NUMBER: 04620758)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


9. CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary 'A' shares £1 100 100
100 Ordinary 'B' shares £1 100 100
200 200

The company is under the control of the owners of the ordinary 'A' shares. The ordinary 'B' shares do not carry any voting rights and are not entitled to any surplus on winding-up.

10. OTHER FINANCIAL COMMITMENTS

The company has provided a charge over the investment property and has given a guarantee in the form of a floating charge up to £1,718,168 in support of third party finance provided to the directors.

11. RELATED PARTY DISCLOSURES

As referred to in Note 12, the company has provided security in respect of third party finance provided to the directors during the year.

During the year the company paid rents of £40,000 to the directors.