The Garden Edge Farm Ltd - Filleted accounts

Registered number

05209728

The Garden Edge Farm Ltd

Filleted Accounts

31 March 2023

The Garden Edge Farm Ltd
Registered number:		05209728
Balance Sheet
as at 31 March 2023

Notes			2023			2022
£				£
Fixed assets
Tangible assets	3		2,270,028			2,270,037
Investments	4		2			2
			2,270,030			2,270,039

Current assets
Cash at bank and in hand		-			65,772

Creditors: amounts falling due within one year	5	(142,631)			(143,211)

Net current liabilities			(142,631)			(77,439)

Total assets less current liabilities			2,127,399			2,192,600

Creditors: amounts falling due after more than one year	6		(685,708)			(716,730)



Net assets			1,441,691			1,475,870

Capital and reserves
Called up share capital			2			2
Revaluation reserve	7		1,702,715			1,702,715
Profit and loss account			(261,026)			(226,847)

Shareholders' funds			1,441,691			1,475,870

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




M W Batemen
Director
Approved by the board on 4 October 2023

The Garden Edge Farm Ltd
Notes to the Accounts
for the year ended 31 March 2023


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% Reducing Balance Method
	Fixtures, fittings, tools and equipment	25% Reducing Balance Method

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2023		2022
Number					Number

	Average number of persons employed by the company			3		3


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 April 2022	2,270,000		2,442		2,272,442
	At 31 March 2023	2,270,000		2,442		2,272,442

	Depreciation
	At 1 April 2022	-		2,405		2,405
	Charge for the year	-		9		9
	At 31 March 2023	-		2,414		2,414

	Net book value
	At 31 March 2023	2,270,000		28		2,270,028
	At 31 March 2022	2,270,000		37		2,270,037


4	Investments

Other
investments
£
	Cost
	At 1 April 2022					2

	At 31 March 2023					2


5	Creditors: amounts falling due within one year			2023		2022
£					£

	Bank loans and overdrafts			43,608		-
	Taxation and social security costs			34,711		30,532
	Amounts due from Connect Company			(2,583)		19,877
	Accruals			400		400
	Directors Current Account			44,331		72,638
	Other creditors			22,164		19,764
				142,631		143,211


6	Creditors: amounts falling due after one year			2023		2022
£					£

	Bank loans			685,708		716,730


7	Revaluation reserve			2023		2022
£					£

	At 1 April 2022			1,702,715		1,062,715
	Deferred taxation arising on the revaluation of land and buildings			-		640,000

	At 31 March 2023			1,702,715		1,702,715


8	Other information

	The Garden Edge Farm Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 6G
	Atlas Business Park
	Oxgate Lane
	London
	NW2 7HJ