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REGISTERED NUMBER: 05057930 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

HIGHBURY FIELDS LIMITED

HIGHBURY FIELDS LIMITED (REGISTERED NUMBER: 05057930)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HIGHBURY FIELDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







DIRECTORS: Mr DW Merrill
Mr B W Merrill
Ms L A Merrill





SECRETARY: Mrs TA Merrill





REGISTERED OFFICE: 4 Fenice Court
Phoenix Business Park
Eaton Socon
St. Neots
Cambridgeshire
PE19 8EP





REGISTERED NUMBER: 05057930 (England and Wales)





ACCOUNTANTS: Davey Grover Limited
Chartered Accountants
4 Fenice Court
Phoenix Business Park
Eaton Socon
St. Neots
Cambridgeshire
PE19 8EP

HIGHBURY FIELDS LIMITED (REGISTERED NUMBER: 05057930)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 318,695 323,989

CURRENT ASSETS
Stocks 24,391 27,111
Debtors 5 34,647 6,023
Cash at bank 57,479 43,064
116,517 76,198
CREDITORS
Amounts falling due within one year 6 40,559 31,726
NET CURRENT ASSETS 75,958 44,472
TOTAL ASSETS LESS CURRENT
LIABILITIES

394,653

368,461

PROVISIONS FOR LIABILITIES 2,112 2,364
NET ASSETS 392,541 366,097

CAPITAL AND RESERVES
Called up share capital 100 1
Retained earnings 392,441 366,096
SHAREHOLDERS' FUNDS 392,541 366,097

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.

HIGHBURY FIELDS LIMITED (REGISTERED NUMBER: 05057930)

STATEMENT OF FINANCIAL POSITION - 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2023 and were signed on its behalf by:





Mr DW Merrill - Director


HIGHBURY FIELDS LIMITED (REGISTERED NUMBER: 05057930)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

Highbury Fields 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 (£).


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.

The principal accounting policies adopted in these financial statements have remained unchanged from the previous year, and have therefore been consistently applied.

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

Haulage revenue is recognised at point of journey.

Farm revenue is recognised at point of supply after being harvested.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock is valued net of value added tax at the balance sheet date at the lower of cost at net realisable value. Stock consists of farm products in store and in the field together with haulage fuels at the balance sheet date.

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 statement of financial position date.


HIGHBURY FIELDS LIMITED (REGISTERED NUMBER: 05057930)

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 statement of financial position 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 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2022 311,542 61,322 372,864
Additions - 968 968
Disposals (3,963 ) - (3,963 )
At 30 April 2023 307,579 62,290 369,869
DEPRECIATION
At 1 May 2022 - 48,875 48,875
Charge for year - 2,299 2,299
At 30 April 2023 - 51,174 51,174
NET BOOK VALUE
At 30 April 2023 307,579 11,116 318,695
At 30 April 2022 311,542 12,447 323,989

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 31,070 1,540
Other debtors 3,577 4,483
34,647 6,023

HIGHBURY FIELDS LIMITED (REGISTERED NUMBER: 05057930)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 13,449 1,803
Taxation and social security 5,841 5,922
Other creditors 21,269 24,001
40,559 31,726

7. RELATED PARTY DISCLOSURES

The company has been financed by way of an interest free directors loan provided by Mr D W Merrill. At 30 April 2023 the company owed Mr D W Merrill £19,190 (2022 £20,417).