Silverfin false 31/03/2023 01/04/2022 31/03/2023 Mr N P Bell 02/04/1997 Mr L A James 19/05/1997 13 October 2023 The principal activity of the Company during the financial year was that of broiler rearing and ceased trading in 2022. 02872553 2023-03-31 02872553 bus:Director1 2023-03-31 02872553 bus:Director2 2023-03-31 02872553 2022-03-31 02872553 core:CurrentFinancialInstruments 2023-03-31 02872553 core:CurrentFinancialInstruments 2022-03-31 02872553 core:Non-currentFinancialInstruments 2023-03-31 02872553 core:Non-currentFinancialInstruments 2022-03-31 02872553 core:ShareCapital 2023-03-31 02872553 core:ShareCapital 2022-03-31 02872553 core:RetainedEarningsAccumulatedLosses 2023-03-31 02872553 core:RetainedEarningsAccumulatedLosses 2022-03-31 02872553 core:LandBuildings 2022-03-31 02872553 core:OtherPropertyPlantEquipment 2022-03-31 02872553 core:LandBuildings 2023-03-31 02872553 core:OtherPropertyPlantEquipment 2023-03-31 02872553 bus:OrdinaryShareClass1 2023-03-31 02872553 bus:PreferenceShareClass1 2023-03-31 02872553 2022-04-01 2023-03-31 02872553 bus:FullAccounts 2022-04-01 2023-03-31 02872553 bus:SmallEntities 2022-04-01 2023-03-31 02872553 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 02872553 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02872553 bus:Director1 2022-04-01 2023-03-31 02872553 bus:Director2 2022-04-01 2023-03-31 02872553 core:LandBuildings core:BottomRangeValue 2022-04-01 2023-03-31 02872553 core:LandBuildings core:TopRangeValue 2022-04-01 2023-03-31 02872553 core:OtherPropertyPlantEquipment 2022-04-01 2023-03-31 02872553 2021-04-01 2022-03-31 02872553 core:LandBuildings 2022-04-01 2023-03-31 02872553 core:Non-currentFinancialInstruments 2022-04-01 2023-03-31 02872553 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 02872553 bus:OrdinaryShareClass1 2021-04-01 2022-03-31 02872553 bus:PreferenceShareClass1 2022-04-01 2023-03-31 02872553 bus:PreferenceShareClass1 2021-04-01 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 02872553 (England and Wales)

SAVAGE CAT FARM LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2023
Pages for filing with the registrar

SAVAGE CAT FARM LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2023

Contents

SAVAGE CAT FARM LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2023
SAVAGE CAT FARM LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2023
DIRECTORS Mr N P Bell
Mr L A James
SECRETARY Mr N P Bell
REGISTERED OFFICE Hitchcock House Hilltop Park
Devizes Road
Salisbury
SP3 4UF
United Kingdom
COMPANY NUMBER 02872553 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Hitchcock House
Hilltop Park
Devizes Road
Salisbury
Wiltshire SP3 4UF
SAVAGE CAT FARM LIMITED

BALANCE SHEET

As at 31 March 2023
SAVAGE CAT FARM LIMITED

BALANCE SHEET (continued)

As at 31 March 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 674,257 727,560
674,257 727,560
Current assets
Stocks 4 100,000 85,000
Debtors 5 26,552 455,955
Cash at bank and in hand 14,583 20,953
141,135 561,908
Creditors: amounts falling due within one year 6 ( 65,187) ( 383,199)
Net current assets 75,948 178,709
Total assets less current liabilities 750,205 906,269
Creditors: amounts falling due after more than one year 7 ( 401,110) ( 455,156)
Provision for liabilities ( 64,481) ( 70,852)
Net assets 284,614 380,261
Capital and reserves
Called-up share capital 8 135,000 135,000
Profit and loss account 149,614 245,261
Total shareholders' funds 284,614 380,261

For the financial year ending 31 March 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Savage Cat Farm Limited (registered number: 02872553) were approved and authorised for issue by the Board of Directors on 13 October 2023. They were signed on its behalf by:

Mr N P Bell
Director
SAVAGE CAT FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
SAVAGE CAT FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Savage Cat Farm Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.

The address of the Company's registered office is:
Hitchcock House Hilltop Park
Devizes Road
Salisbury
SP3 4UF

The principle place of business is:
Savage Cat Farm
Gillingham
SP8 5QR

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents the value of goods sold during the year, net of VAT and trade discounts. Turnover is recognised when goods are physically delivered to the customer.

Uninvoiced deliveries at the year end are included in accrued income. Invoiced deliveries are included in debtors. Where customers pay in advance for goods, the amount is recorded as deferred income until the goods have been delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings 25 - 50 years straight line
Plant and machinery etc. 10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 April 2022 897,881 1,211,221 2,109,102
At 31 March 2023 897,881 1,211,221 2,109,102
Accumulated depreciation
At 01 April 2022 453,727 927,815 1,381,542
Charge for the financial year 27,819 25,484 53,303
At 31 March 2023 481,546 953,299 1,434,845
Net book value
At 31 March 2023 416,335 257,922 674,257
At 31 March 2022 444,154 283,406 727,560

4. Stocks

2023 2022
£ £
Stocks 100,000 85,000

5. Debtors

2023 2022
£ £
Trade debtors 0 1,080
Corporation tax 11,427 0
Other debtors 15,125 454,875
26,552 455,955

6. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 47,730 46,470
Trade creditors 6,945 24,856
Corporation tax 0 19,311
Other taxation and social security 0 ( 68)
Obligations under finance leases and hire purchase contracts 7,186 7,186
Other creditors 3,326 285,444
65,187 383,199

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Obligations under finance leases and hire purchase contracts 1,674 8,860
Other creditors 399,436 446,296
401,110 455,156

There amounts included above are secured against the related property

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100,000 Ordinary shares of £ 0.90 each 90,000 90,000
50,000 Preference shares of £ 0.90 each 45,000 45,000
135,000 135,000