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REGISTERED NUMBER: 00676017 (England and Wales)










Unaudited Financial Statements

For The Year Ended 31 January 2023

for

Stallard Farms Limited

Stallard Farms Limited (Registered number: 00676017)






Contents of the Financial Statements
For The Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Stallard Farms Limited

Company Information
For The Year Ended 31 January 2023







DIRECTOR: GMD Stallard





REGISTERED OFFICE: Callow Farm
Ryton
Dymock
Gloucestershire
GL18 2DQ





REGISTERED NUMBER: 00676017 (England and Wales)





ACCOUNTANTS: Kingscott Dix Limited
Chartered Accountants
Goodridge Court
Goodridge Avenue
Gloucester
Gloucestershire
GL2 5EN

Stallard Farms Limited (Registered number: 00676017)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 827,631 850,624
Investment property 5 1,735,000 452,325
2,562,631 1,302,949

CURRENT ASSETS
Stocks 137,423 117,380
Debtors 6 17,479 14,523
Investments 7 20 2,798
Cash at bank 677,425 567,171
832,347 701,872
CREDITORS
Amounts falling due within one year 8 67,068 92,877
NET CURRENT ASSETS 765,279 608,995
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,327,910

1,911,944

CREDITORS
Amounts falling due after more than one
year

9

(325,687

)

(339,978

)

PROVISIONS FOR LIABILITIES (400,522 ) (65,057 )
NET ASSETS 2,601,701 1,506,909

CAPITAL AND RESERVES
Called up share capital 50 50
Investment property reserve 11 1,133,986 185,738
Capital redemption reserve 50 50
Retained earnings 1,467,615 1,321,071
SHAREHOLDERS' FUNDS 2,601,701 1,506,909

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Stallard Farms Limited (Registered number: 00676017)

Balance Sheet - continued
31 January 2023


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 director and authorised for issue on 13 October 2023 and were signed by:





GMD Stallard - Director


Stallard Farms Limited (Registered number: 00676017)

Notes to the Financial Statements
For The Year Ended 31 January 2023

1. STATUTORY INFORMATION

Stallard Farms 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 as modified by the revaluation of certain assets.

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

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred can be measured reliably.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - not provided
Plant and machinery etc - 25% on cost and 10% on cost

No depreciation is provided on freehold buildings because in the Directors' opinion the real (inflation adjusted) estimated residual value is not less than the carrying value in accounts.

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.

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to present location and condition.

Stocks held for distribution at no nominal consideration are measured at cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also 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.


Stallard Farms Limited (Registered number: 00676017)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022 737,523 534,331 1,271,854
Additions - 33,400 33,400
At 31 January 2023 737,523 567,731 1,305,254
DEPRECIATION
At 1 February 2022 - 421,231 421,231
Charge for year - 56,392 56,392
At 31 January 2023 - 477,623 477,623
NET BOOK VALUE
At 31 January 2023 737,523 90,108 827,631
At 31 January 2022 737,523 113,100 850,623

Stallard Farms Limited (Registered number: 00676017)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 February 2022 230,000
Transfer to ownership (159,000 )
At 31 January 2023 71,000
DEPRECIATION
At 1 February 2022 132,284
Charge for year 17,750
Transfer to ownership (129,269 )
At 31 January 2023 20,765
NET BOOK VALUE
At 31 January 2023 50,235
At 31 January 2022 97,716

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2022 452,325
Revaluations 1,282,675
At 31 January 2023 1,735,000
NET BOOK VALUE
At 31 January 2023 1,735,000
At 31 January 2022 452,325

Fair value at 31 January 2023 is represented by:
£   
Valuation in 2015 229,306
Valuation in 2023 1,282,675
Cost 223,019
1,735,000

Stallard Farms Limited (Registered number: 00676017)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2023

5. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

31.1.23 31.1.22
£    £   
Cost 223,019 223,019

The investment properties were valued on an open market basis on 1 April 2022 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 2,700 -
Other debtors 14,779 14,523
17,479 14,523

7. CURRENT ASSET INVESTMENTS
31.1.23 31.1.22
£    £   
Unlisted investments 20 2,798

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Bank loans and overdrafts 92 1,527
Hire purchase contracts 9,500 24,575
Trade creditors 16,543 4,170
Tax 36,823 30,820
Other creditors 1,313 28,825
Directors' current accounts 797 960
Accrued expenses 2,000 2,000
67,068 92,877

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.23 31.1.22
£    £   
Hire purchase contracts 9,500 19,000
Directors Loan > 1year 316,187 320,978
325,687 339,978

Stallard Farms Limited (Registered number: 00676017)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2023

10. SECURED DEBTS

The following secured debts are included within creditors:

31.1.23 31.1.22
£    £   
Bank overdrafts 92 1,527
Hire purchase contracts 19,000 43,575
19,092 45,102

The bank loan is secured by a charge over Callow Farm and Aston Court Farm.

11. RESERVES
Investment
property
reserve
£   
At 1 February 2022 185,738
Transfer of unrealised gain on
investment properties 1,282,675
Related deferred tax (334,427 )

At 31 January 2023 1,133,986

12. ULTIMATE CONTROLLING PARTY

The director Mr. GMD Stallard is the ultimate controlling party by virtue of his 100% shareholding.