01 January 2021 31 December 2021 No principle activity is included 03254091 2021-01-01 03254091 2021-12-31 03254091 2021-01-01 2021-12-31 03254091 uk-bus:Director1 2021-01-01 2021-12-31 03254091 uk-bus:Director2 2021-01-01 2021-12-31 03254091 uk-bus:CompanySecretary1 2021-01-01 2021-12-31 03254091 uk-core:LandBuildings 2021-12-31 03254091 2020-12-31 03254091 2019-01-01 2020-12-31 03254091 uk-core:LandBuildings 2020-12-31 03254091 uk-core:PlantMachinery 2021-12-31 03254091 uk-core:PlantMachinery 2020-12-31 03254091 uk-core:CurrentInventories 2021-12-31 03254091 uk-core:CurrentInventories 2020-12-31 03254091 uk-core:CurrentFinancialInstruments uk-core:ContinuingOperations 2021-12-31 03254091 uk-core:CurrentFinancialInstruments uk-core:ContinuingOperations 2020-12-31 03254091 uk-core:ContinuingOperations 2021-12-31 03254091 uk-core:ContinuingOperations 2020-12-31 03254091 uk-core:ShareCapital uk-core:ContinuingOperations 2021-12-31 03254091 uk-core:ShareCapital uk-core:ContinuingOperations 2020-12-31 03254091 uk-core:RetainedEarningsAccumulatedLosses uk-core:ContinuingOperations 2021-12-31 03254091 uk-core:RetainedEarningsAccumulatedLosses uk-core:ContinuingOperations 2020-12-31 03254091 uk-core:PlantMachinery 2021-01-01 2021-12-31 03254091 uk-core:LandBuildings uk-core:ContinuingOperations 2021-12-31 03254091 uk-core:CurrentFinancialInstruments 2021-12-31 03254091 uk-core:CurrentFinancialInstruments 2020-12-31 03254091 uk-bus:OrdinaryShareClass1 2021-01-01 2021-12-31 03254091 uk-bus:OrdinaryShareClass1 2019-01-01 2020-12-31 03254091 uk-bus:FRS102 2021-01-01 2021-12-31 03254091 uk-bus:FullAccounts 2021-01-01 2021-12-31 03254091 uk-bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 03254091 uk-bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure
  Company registration No. 03254091 (England and Wales)
   
   
   
   
   
   
   
   
   
   
   
   
   
  A.N. POLHILL FARMS LIMITED
   
  UNAUDITED FINANCIAL STATEMENTS
   
  FOR THE YEAR ENDED 31 December 2021
   
  PAGES FOR FILING WITH REGISTRAR
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
   
       
       
       
       
       
         
         
         
         
         
         
  A.N. POLHILL FARMS LIMITED
         
  COMPANY INFORMATION
         
         
  Directors A J G Polhill    
    H N F Polhill    
         
  Company secretary K Gent    
         
  Company number 03254091    
         
  Registered Office The Page Estate    
    76 Beaconsfield Road    
    Blackheath    
    London    
    SE3 7LQ    
         
  Accountants Ellacotts LLP    
    Chartered Accountants    
    Vantage House    
    2700 Kettering Parkway    
    Kettering Venture Park    
    Kettering    
    Northamptonshire    
    NN15 6XR    
         
         
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
       
         
         
         
         
         
  A.N. POLHILL FARMS LIMITED
         
  FOR THE YEAR ENDED 31 DECEMBER 2021
         
  CONTENTS
         
         
         
         
         
  Index   Page
         
         
  Accountants' report   1
         
         
  Balance sheet   2 - 3
         
         
  Notes to the financial statements   4 - 8
       
   
   
   
   
   
   
   
   
  A.N. POLHILL FARMS LIMITED
   
  ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF A.N. POLHILL FARMS LIMITED FOR THE YEAR ENDED 31 DECEMBER 2021
   
  In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A.N. Polhill Farms Limited for the year ended 31 December 2021 which comprise the Profit and Loss Account, the Balance Sheet, and the related notes from the company's accounting records and from information and explanations you have given us.
   
  As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://icaew.com/regulation.
   
  This report is made solely to the board of directors of A.N. Polhill Farms Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of A.N. Polhill Farms Limited and state those matters that we have agreed to state to the board of directors of A.N. Polhill Farms Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at icaew.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A.N. Polhill Farms Limited and its board of directors as a body, for our work or for this report.
   
  It is your duty to ensure that A.N. Polhill Farms Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit or loss of A.N. Polhill Farms Limited. You consider that A.N. Polhill Farms Limited is exempt from the statutory audit requirement for the year.
   
  We have not been instructed to carry out an audit or a review of the financial statements of A.N. Polhill Farms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
   
   
   
   
   
   
   
  Ellacotts LLP
  Chartered Accountants
   
  Vantage House
  2700 Kettering Parkway
  Kettering Venture Park
  Kettering
  Northamptonshire
  NN15 6XR
   
  12 September 2022
   
   
             
             
             
             
             
  A.N. POLHILL FARMS LIMITED
             
  BALANCE SHEET
  AS AT 31 December 2021
    Note 2021 2020
      £ £ £ £
  Fixed assets
  Tangible assets
  Property 3 1,272,598 1,272,598
  Equipment 4 25,970 39,360
      1,298,568 1,311,958
             
             
             
  Current assets
  Stock 5 90,211 101,630
  Debtors 6 50,661 120,023
  Cash at bank and in hand   639,332 368,102
      780,204 589,755
  Creditors: amounts falling due within one year 7 296,328 164,242
  Net current assets   483,876 425,513
  Total assets less current liabilities   1,782,444 1,737,471
             
  Provisions for liabilities and charges   (6,493) (9,840)
  Total assets   £1,775,951 £1,727,631
         
  Capital and reserves
  Called up share capital 8 1,300,001 1,300,001
  Profit and loss account   475,950 427,630
  Total equity   £1,775,951 £1,727,631
         
   
   
             
             
             
             
             
  A.N. POLHILL FARMS LIMITED
             
  BALANCE SHEET (CONTINUED)
         
  The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
         
  For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
         
  The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
  The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
         
  These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
         
  The financial statements were approved by the board of directors and authorised for issue on 30 August 2022 and are signed on its behalf by:
 
         
  ................................................................
  A J G Polhill
  Director
         
  Company Registered Number: 03254091
   
   
       
       
       
       
       
       
  A.N. POLHILL FARMS LIMITED
       
  NOTES TO THE UNAUDITED FINANCIAL STATEMENTS
  FOR THE YEAR ENDED 31 DECEMBER 2021
       
 
1 Accounting policies
     
     
1a Company information
     
  A.N. Polhill Farms Limited is a private company limited by shares incorporated in England and Wales. The registered office is given on the company information page.
     
     
1b Accounting convention
     
  These financial statements have been prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
  The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
     
 
     
       
       
1c Turnover
       
  Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
       
1d Tangible fixed assets
     
  Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:
     
    %
  Equipment 20
     
       
1e Stock
       
  Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
       
   
   
       
       
       
       
       
       
  A.N. POLHILL FARMS LIMITED
       
  NOTES TO THE UNAUDITED FINANCIAL STATEMENTS (CONTINUED)
  FOR THE YEAR ENDED 31 DECEMBER 2021
       
 
       
1f Cash and cash equivalents
       
  Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
       
       
1g Taxation
       
  The tax expense represents the sum of the tax currently payable and deferred tax.
       
  Current tax
  The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
       
  Deferred tax
  Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
       
       
1h Government grants
       
  Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.
       
   
   
       
       
       
       
       
       
  A.N. POLHILL FARMS LIMITED
       
  NOTES TO THE UNAUDITED FINANCIAL STATEMENTS (CONTINUED)
  FOR THE YEAR ENDED 31 DECEMBER 2021
       
       
2. Average employees
       
  The average monthly number of persons (including directors) employed by the company during the year was as follows:
    2021 2020
    Number Number
  Employees 0 0
   
 
       
3 Tangible fixed assets - Property
    Freehold land  
    and buildings Total
    £ £
  Cost
  At 1 January 2021
  and at 31 December 2021 1,272,598 1,272,598
  Carrying amount
  At 31 December 2021 1,272,598 1,272,598
  Carrying amount
  At 31 December 2020 1,272,598 1,272,598
   
 
       
4. Tangible fixed assets - Equipment
       
    Equipment Total
    £ £
  Cost
  At 1 January 2021 82,350 82,350
  At 31 December 2021 82,350 82,350
  Depreciation and impairment
  At 1 January 2021 42,990 42,990
  Provision for the year 13,390 13,390
  At 31 December 2021 56,380 56,380
  Carrying amount
  At 31 December 2021 £25,970 £25,970
  Carrying amount
  At 31 December 2020 £39,360 £39,360
   
   
   
       
       
       
       
       
       
  A.N. POLHILL FARMS LIMITED
       
  NOTES TO THE UNAUDITED FINANCIAL STATEMENTS (CONTINUED)
  FOR THE YEAR ENDED 31 DECEMBER 2021
       
       
5. Stocks
    2021 2020
    £ £
  Farm valuation comprises:
       
  Produce 38,628 63,995
  Seeds, fertilisers and sprays 39,235 25,287
  Tillages 12,348 12,348
    £90,211 £101,630
   
       
       
6 Debtors
    2021 2020
    £ £
  Amounts falling due within one year:
       
  Trade debtors 10,745 10,419
  Other debtors 4,863 8,118
  VAT recoverable 33,352 15,988
  Prepayments 1,701 1,234
  Loan to A.N. Polhill Will Trust - 84,264
    £50,661 £120,023
   
       
       
7. Creditors
    2021 2020
    £ £
  Amounts falling due within one year:
       
  Trade creditors 117,339 82,103
  Corporation tax 23,114 1,317
  Other creditors 151,660 77,307
  Accruals and deferred income 4,215 3,515
    £296,328 £164,242
   
       
       
       
8. Share capital
    2021 2020
    £ £
  Allotted, called up and fully paid:
       
  1,300,001 Ordinary shares of £1 each £1,300,001 £1,300,001
   
   
   
       
       
       
       
       
       
  A.N. POLHILL FARMS LIMITED
       
  NOTES TO THE UNAUDITED FINANCIAL STATEMENTS (CONTINUED)
  FOR THE YEAR ENDED 31 DECEMBER 2021
       
       
9 Directors transactions
       
  As at 31 December 2021, the company was owed £4,863 (2020 - £8,118) by one of the directors. Interest has been charged at the official rate of interest during the year and the balance was fully repaid within 9 months after the year end.