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REGISTERED NUMBER: 07522489 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Upper Hurst Farm Limited

Upper Hurst Farm Limited (Registered number: 07522489)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Upper Hurst Farm Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mrs S Green
Miss A P Dillon
Ms S Dillon





REGISTERED OFFICE: Upper Hurst Farm Hulme End
Near Hartington
Buxton
Derbyshire
SK17 0HH





REGISTERED NUMBER: 07522489 (England and Wales)





ACCOUNTANTS: DLA Chartered Accountants
36A Market Street
New Mills
High Peak
SK22 4AA

Upper Hurst Farm Limited (Registered number: 07522489)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 355,833 300,518

CURRENT ASSETS
Stocks 290 285
Debtors 5 417 2,021
Cash at bank and in hand 2,435 20,634
3,142 22,940
CREDITORS
Amounts falling due within one year 6 134,073 100,461
NET CURRENT LIABILITIES (130,931 ) (77,521 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

224,902

222,997

CREDITORS
Amounts falling due after more than one
year

7

(93,162

)

(115,345

)

PROVISIONS FOR LIABILITIES (7,471 ) (5,454 )
NET ASSETS 124,269 102,198

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 124,169 102,098
124,269 102,198

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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 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 10 May 2023 and were signed on its behalf by:





Mrs S Green - Director


Upper Hurst Farm Limited (Registered number: 07522489)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Upper Hurst Farm 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 15% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Upper Hurst Farm Limited (Registered number: 07522489)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 March 2022 238,232 122,106 84,755
Additions - 60,796 13,954
At 28 February 2023 238,232 182,902 98,709
DEPRECIATION
At 1 March 2022 - 94,963 51,611
Charge for year - 13,191 10,476
At 28 February 2023 - 108,154 62,087
NET BOOK VALUE
At 28 February 2023 238,232 74,748 36,622
At 28 February 2022 238,232 27,143 33,144

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2022 6,342 1,593 453,028
Additions 5,172 - 79,922
At 28 February 2023 11,514 1,593 532,950
DEPRECIATION
At 1 March 2022 4,928 1,008 152,510
Charge for year 747 193 24,607
At 28 February 2023 5,675 1,201 177,117
NET BOOK VALUE
At 28 February 2023 5,839 392 355,833
At 28 February 2022 1,414 585 300,518

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
VAT - 2,021
Prepayments 417 -
417 2,021

Upper Hurst Farm Limited (Registered number: 07522489)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 21,553 20,521
Trade creditors 1,678 4,525
Tax 13,208 18,751
Social security and other taxes 192 270
VAT 5,657 -
Other creditors 764 -
Net wages 1,583 1,879
Directors' current accounts 57,224 32,651
Accrued expenses 6,805 1,410
Deferred income 25,409 20,454
134,073 100,461

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 21,803 20,770
Bank loans - 2-5 years 54,437 58,346
Bank loans more 5 yr by instal 16,922 36,229
93,162 115,345

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 16,922 36,229