IRIS Accounts Production v23.2.0.158 11634811 Board of Directors 1.5.22 30.4.23 30.4.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh116348112022-04-30116348112023-04-30116348112022-05-012023-04-30116348112021-04-30116348112021-05-012022-04-30116348112022-04-3011634811ns10:Originalns15:EnglandWales2022-05-012023-04-3011634811ns14:PoundSterlingns10:Original2022-05-012023-04-3011634811ns10:Originalns10:Director12022-05-012023-04-3011634811ns10:Original2022-05-012023-04-3011634811ns10:Original2023-04-3011634811ns10:Originalns10:PrivateLimitedCompanyLtd2022-05-012023-04-3011634811ns10:Originalns10:SmallEntities2022-05-012023-04-3011634811ns10:Originalns10:AuditExempt-NoAccountantsReport2022-05-012023-04-3011634811ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-05-012023-04-3011634811ns10:SmallCompaniesRegimeForAccountsns10:Original2022-05-012023-04-3011634811ns10:Originalns10:FullAccounts2022-05-012023-04-3011634811ns10:EntityHasNeverTradedns10:Original2022-05-012023-04-3011634811ns10:Originalns10:OrdinaryShareClass12022-05-012023-04-3011634811ns10:Originalns10:Director22022-05-012023-04-3011634811ns10:CompanySecretary1ns10:Original2022-05-012023-04-3011634811ns10:Originalns10:RegisteredOffice2022-05-012023-04-3011634811ns10:Original2022-04-3011634811ns10:Originalns5:CurrentFinancialInstruments2023-04-3011634811ns10:Originalns5:CurrentFinancialInstruments2022-04-3011634811ns10:Originalns5:Non-currentFinancialInstruments2023-04-3011634811ns10:Originalns5:Non-currentFinancialInstruments2022-04-3011634811ns5:ShareCapitalns10:Original2023-04-3011634811ns5:ShareCapitalns10:Original2022-04-3011634811ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-04-3011634811ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-04-3011634811ns10:Originalns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-05-012023-04-3011634811ns10:Originalns5:PlantMachinery2022-05-012023-04-3011634811ns10:Originalns5:MotorVehicles2022-05-012023-04-3011634811ns10:Original2021-05-012022-04-3011634811ns10:Originalns5:LandBuildings2022-04-3011634811ns10:Originalns5:LeaseholdImprovements2022-04-3011634811ns10:Originalns5:PlantMachinery2022-04-3011634811ns10:Originalns5:MotorVehicles2022-04-3011634811ns10:Original2022-04-3011634811ns10:Originalns5:LandBuildings2022-05-012023-04-3011634811ns10:Originalns5:LeaseholdImprovements2022-05-012023-04-3011634811ns10:Originalns5:LandBuildings2023-04-3011634811ns10:Originalns5:LeaseholdImprovements2023-04-3011634811ns10:Originalns5:PlantMachinery2023-04-3011634811ns10:Originalns5:MotorVehicles2023-04-3011634811ns10:Originalns5:LandBuildings2022-04-3011634811ns10:Originalns5:LeaseholdImprovements2022-04-3011634811ns10:Originalns5:PlantMachinery2022-04-3011634811ns10:Originalns5:MotorVehicles2022-04-3011634811ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3011634811ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-04-3011634811ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2023-04-3011634811ns5:AcceleratedTaxDepreciationDeferredTaxns10:Original2022-04-3011634811ns10:Originalns5:DeferredTaxation2022-04-3011634811ns10:Originalns5:DeferredTaxation2022-05-012023-04-3011634811ns10:Originalns5:DeferredTaxation2023-04-3011634811ns10:Originalns10:OrdinaryShareClass12023-04-30
REGISTERED NUMBER: 11634811 (England and Wales)















Park Ground Farm Estates Limited

Unaudited Financial Statements

for the Year Ended 30 April 2023






Park Ground Farm Estates Limited (Registered number: 11634811)






Contents of the Financial Statements
for the year ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Park Ground Farm Estates Limited

Company Information
for the year ended 30 April 2023







DIRECTORS: J Barr
JW Barr





SECRETARY: Mrs H Barr





REGISTERED OFFICE: Riverside Coach House
Spark Bridge
Ulverston
Cumbria
LA12 8BS





REGISTERED NUMBER: 11634811 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Park Ground Farm Estates Limited (Registered number: 11634811)

Balance Sheet
30 April 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 752,473 692,148

CURRENT ASSETS
Debtors 5 1,038 5,694
Cash at bank 29,798 7,904
30,836 13,598
CREDITORS
Amounts falling due within one year 6 161,404 101,355
NET CURRENT LIABILITIES (130,568 ) (87,757 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

621,905

604,391

CREDITORS
Amounts falling due after more than one
year

7

(600,000

)

(600,000

)

PROVISIONS FOR LIABILITIES 8 (1,183 ) (236 )
NET ASSETS 20,722 4,155

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 20,720 4,153
SHAREHOLDERS' FUNDS 20,722 4,155

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Park Ground Farm Estates Limited (Registered number: 11634811)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:





J Barr - Director


Park Ground Farm Estates Limited (Registered number: 11634811)

Notes to the Financial Statements
for the year ended 30 April 2023

1. STATUTORY INFORMATION

Park Ground Farm Estates 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 (£).


The amounts in the financial statements have been rounded to the nearest £1.

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.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Freehold land is not depreciated. No depreciation is provided on the company's freehold and long leasehold buildings as the directors consider that the lives of these assets are so long and residual values, based on prices prevailing at the time of acquisition, are sufficiently high that any depreciation would be immaterial. Provision is made in the profit and loss account in the event of any permanent diminution in the value of the properties.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Park Ground Farm Estates Limited (Registered number: 11634811)

Notes to the Financial Statements - continued
for the year ended 30 April 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Assets in
Freehold course of Plant and Motor
property construction machinery vehicles Totals
£ £ £ £ £
COST
At 1 May 2022 453,477 236,984 - 4,000 694,461
Additions 42,000 14,834 5,216 - 62,050
Transfer to ownership 251,818 (251,818 ) - - -
At 30 April 2023 747,295 - 5,216 4,000 756,511
DEPRECIATION
At 1 May 2022 - - - 2,313 2,313
Charge for year - - 1,304 421 1,725
At 30 April 2023 - - 1,304 2,734 4,038
NET BOOK VALUE
At 30 April 2023 747,295 - 3,912 1,266 752,473
At 30 April 2022 453,477 236,984 - 1,687 692,148

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Other debtors 1,038 5,694

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Amounts owed to group undertakings 158,077 101,077
Taxation and social security 3,327 278
161,404 101,355

Park Ground Farm Estates Limited (Registered number: 11634811)

Notes to the Financial Statements - continued
for the year ended 30 April 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£ £
Amounts owed to group undertakings 600,000 600,000

8. PROVISIONS FOR LIABILITIES
2023 2022
£ £
Deferred tax
Accelerated capital allowances 1,183 236

Deferred tax
£
Balance at 1 May 2022 236
Charge to Statement of Income and Retained Earnings during year 947
Balance at 30 April 2023 1,183

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
2 Ordinary £1 2 2

10. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by Mr and Mrs J Barr.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is JBS Cumbria Ltd.