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REGISTERED NUMBER: 12971296 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

THE PLOUGH (KINGHAM) LIMITED

THE PLOUGH (KINGHAM) LIMITED (REGISTERED NUMBER: 12971296)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE PLOUGH (KINGHAM) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTORS: Mr C Palmer
Sir A C Gallagher





REGISTERED OFFICE: c/o The Chequers
Church Road
Churchill
Chipping Norton
Oxfordshire
OX7 6NJ





REGISTERED NUMBER: 12971296 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

THE PLOUGH (KINGHAM) LIMITED (REGISTERED NUMBER: 12971296)

BALANCE SHEET
31 DECEMBER 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 4,690,043 4,022,159

CURRENT ASSETS
Debtors 5 24,410 21,877
Cash at bank 2,273 55,485
26,683 77,362
CREDITORS
Amounts falling due within one year 6 7,764 7,434
NET CURRENT ASSETS 18,919 69,928
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,708,962

4,092,087

CREDITORS
Amounts falling due after more than one
year

7

4,612,058

4,034,904
NET ASSETS 96,904 57,183

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 96,903 57,182
SHAREHOLDERS' FUNDS 96,904 57,183

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

THE PLOUGH (KINGHAM) LIMITED (REGISTERED NUMBER: 12971296)

BALANCE SHEET - continued
31 DECEMBER 2022


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 27 September 2023 and were signed on its behalf by:





Mr C Palmer - Director


THE PLOUGH (KINGHAM) LIMITED (REGISTERED NUMBER: 12971296)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

The Plough (Kingham) 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.

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

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

THE PLOUGH (KINGHAM) LIMITED (REGISTERED NUMBER: 12971296)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022 4,022,159
Additions 667,884
At 31 December 2022 4,690,043
NET BOOK VALUE
At 31 December 2022 4,690,043
At 31 December 2021 4,022,159

The fair value of the property at the balance sheet date was assessed by the directors and it is considered that the net book value cost is representative of the current fair value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Deferred income 15,000 20,000
Prepayments and accrued income 9,410 1,877
24,410 21,877

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Trade creditors 2,627 1,440
VAT 2,798 3,094
Accrued expenses 2,339 2,900
7,764 7,434

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Amounts owed to group undertakings 3,860,109 4,034,904
Directors' loan accounts 751,949 -
4,612,058 4,034,904

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.22 31.12.21
value: £    £   
1 Ordinary £1 1 1