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Company Registration No. 03427509 (England and Wales)
Farmer Palmer's Farm Park Limited Unaudited accounts for the year ended 31 January 2023
Farmer Palmer's Farm Park Limited Unaudited accounts Contents
Page
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Farmer Palmer's Farm Park Limited Company Information for the year ended 31 January 2023
Directors
Sandra Palmer-Snellin Philip Palmer
Company Number
03427509 (England and Wales)
Registered Office
Stable House Organford Poole BH16 6EU
Accountants
Prime Entry Ltd The Office Rose Cottage Cole Street Lane Gillingham Dorset SP8 5JQ
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Farmer Palmer's Farm Park Limited Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
707,706 
613,100 
Investments
78,380 
78,380 
786,086 
691,480 
Current assets
Inventories
65,911 
75,715 
Debtors
619 
18 
Cash at bank and in hand
506,326 
566,149 
572,856 
641,882 
Creditors: amounts falling due within one year
(237,044)
(159,198)
Net current assets
335,812 
482,684 
Total assets less current liabilities
1,121,898 
1,174,164 
Creditors: amounts falling due after more than one year
(372,771)
(441,336)
Net assets
749,127 
732,828 
Capital and reserves
Called up share capital
127 
127 
Profit and loss account
749,000 
732,701 
Shareholders' funds
749,127 
732,828 
For the year ending 31 January 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 17 August 2023 and were signed on its behalf by
Sandra Palmer-Snellin Director Company Registration No. 03427509
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Farmer Palmer's Farm Park Limited Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Farmer Palmer's Farm Park Limited is a private company, limited by shares, registered in England and Wales, registration number 03427509. The registered office is Stable House, Organford , Poole, BH16 6EU.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
Land & buildings
10% Red, Balance
Plant & machinery
25% Red. Balance
Motor vehicles
25% Red. Balance
Fixtures & fittings
25% Red. Balance
Computer equipment
25% Red. Balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 February 2022
2,757 
At 31 January 2023
2,757 
Amortisation
At 1 February 2022
2,757 
At 31 January 2023
2,757 
Net book value
At 31 January 2023
- 
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Farmer Palmer's Farm Park Limited Notes to the Accounts for the year ended 31 January 2023
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 February 2022
597,896 
1,012,166 
39,500 
7,810 
77,254 
1,734,626 
Additions
105,461 
67,372 
132,153 
16,003 
6,332 
327,321 
Disposals
(105,020)
(2,993)
(19,974)
- 
- 
(127,987)
At 31 January 2023
598,337 
1,076,545 
151,679 
23,813 
83,586 
1,933,960 
Depreciation
At 1 February 2022
158,476 
848,705 
34,890 
7,275 
72,180 
1,121,526 
Charge for the year
23,567 
57,526 
32,197 
4,135 
1,583 
119,008 
On disposals
- 
(2,280)
(12,000)
- 
- 
(14,280)
At 31 January 2023
182,043 
903,951 
55,087 
11,410 
73,763 
1,226,254 
Net book value
At 31 January 2023
416,294 
172,594 
96,592 
12,403 
9,823 
707,706 
At 31 January 2022
439,420 
163,461 
4,610 
535 
5,074 
613,100 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 February 2022
78,380 
Valuation at 31 January 2023
78,380 
7
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
619 
18 
8
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
6,001 
- 
VAT
7,552 
7,456 
Trade creditors
119,672 
39,136 
Taxes and social security
54,508 
103,270 
Other creditors
7,973 
3,260 
Loans from directors
41,338 
6,076 
237,044 
159,198 
9
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
372,771 
441,336 
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Farmer Palmer's Farm Park Limited Notes to the Accounts for the year ended 31 January 2023
10
Average number of employees
During the year the average number of employees was 48 (2022: 48).
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