Company Registration No. 05710435 (England and Wales)
Chestnut Lodge Farm Limited
Unaudited accounts
for the year ended 28 February 2022
Chestnut Lodge Farm Limited
Unaudited accounts
Contents
Chestnut Lodge Farm Limited
Company Information
for the year ended 28 February 2022
Director
Douglas John BRIDGER
Company Number
05710435 (England and Wales)
Registered Office
WINTON HOUSE
WINTON SQUARE
BASINGSTOKE
RG21 8EN
United Kingdom
Accountants
Cranleys Chartered Accountants
Winton House
Winton Square
Basingstoke
Hampshire
RG21 8EN
Chestnut Lodge Farm Limited
Statement of financial position
as at 28 February 2022
Tangible assets
57,053
54,060
Cash at bank and in hand
5,162
7,155
Creditors: amounts falling due within one year
(10,939)
(6,502)
Net current (liabilities)/assets
(3,192)
3,326
Called up share capital
205
205
Share premium
50,200
50,200
Profit and loss account
3,456
6,981
Shareholders' funds
53,861
57,386
For the year ending 28 February 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 June 2022 and were signed on its behalf by
Douglas John BRIDGER
Director
Company Registration No. 05710435
Chestnut Lodge Farm Limited
Notes to the Accounts
for the year ended 28 February 2022
Chestnut Lodge Farm Limited is a private company, limited by shares, registered in England and Wales, registration number 05710435. The registered office is WINTON HOUSE, WINTON SQUARE, BASINGSTOKE, RG21 8EN, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2021
53,675
913
-
54,588
Additions
-
4,299
1,500
5,799
At 28 February 2022
53,675
5,212
1,500
60,387
At 1 March 2021
-
528
-
528
Charge for the year
-
2,431
375
2,806
At 28 February 2022
-
2,959
375
3,334
At 28 February 2022
53,675
2,253
1,125
57,053
At 28 February 2021
53,675
385
-
54,060
Chestnut Lodge Farm Limited
Notes to the Accounts
for the year ended 28 February 2022
5
Debtors: amounts falling due within one year
2022
2021
6
Creditors: amounts falling due within one year
2022
2021
Other creditors
9,786
5,446
7
Average number of employees
During the year the average number of employees was 1 (2021: 1).