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REGISTERED NUMBER: 06552812
























UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

COUNTRY FARE LIMITED

COUNTRY FARE LIMITED (REGISTERED NUMBER: 06552812)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28th February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


COUNTRY FARE LIMITED

COMPANY INFORMATION
for the Year Ended 28th February 2023







DIRECTORS: Mr A T Halliday
Mrs D E Halliday





SECRETARY: Mrs D E Halliday





REGISTERED OFFICE: Dalefoot Farm
Mallerstang
Kirkby Stephen
Cumbria
CA17 4JT





REGISTERED NUMBER: 06552812





ACCOUNTANTS: DCB Accountants Limited
Compton House
104 Scotland Road
Penrith
Cumbria
CA11 7NR

COUNTRY FARE LIMITED (REGISTERED NUMBER: 06552812)

BALANCE SHEET
28th February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 113,603 21,974

CURRENT ASSETS
Debtors 5 - 185
Cash at bank and in hand 28,850 7,478
28,850 7,663
CREDITORS
Amounts falling due within one year 6 146,258 29,900
NET CURRENT LIABILITIES (117,408 ) (22,237 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,805

)

(263

)

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 8 (4,805 ) (1,263 )
SHAREHOLDERS' FUNDS (3,805 ) (263 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 28th 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 9th November 2023 and were signed on its behalf by:





Mrs D E Halliday - Director


COUNTRY FARE LIMITED (REGISTERED NUMBER: 06552812)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28th February 2023

1. STATUTORY INFORMATION

Country Fare LImited is a private company, limited by shares , registered in Not specified/Other. 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.
Freehold property - 2% on cost
Plant & equipment - 25% on reducing balance and 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

COUNTRY FARE LIMITED (REGISTERED NUMBER: 06552812)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28th February 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant & Motor
property equipment vehicles Totals
£    £    £    £   
COST
At 1st March 2022 - - 29,299 29,299
Additions 94,568 24,619 - 119,187
Disposals - - (29,299 ) (29,299 )
At 28th February 2023 94,568 24,619 - 119,187
DEPRECIATION
At 1st March 2022 - - 7,325 7,325
Charge for year 1,891 3,693 - 5,584
Eliminated on disposal - - (7,325 ) (7,325 )
At 28th February 2023 1,891 3,693 - 5,584
NET BOOK VALUE
At 28th February 2023 92,677 20,926 - 113,603
At 28th February 2022 - - 21,974 21,974

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors - 185

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors - 306
Directors' loan accounts 145,778 29,084
Accrued expenses 480 510
146,258 29,900

The Directors of the Company will continue to provide financial support to the Company for the foreseeable future and do not envisage any circumstances which would require repayment of the loan they have made to the Company.


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
1,000 Ordinary £1 1,000 1,000

COUNTRY FARE LIMITED (REGISTERED NUMBER: 06552812)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28th February 2023

8. RESERVES
Retained
earnings
£   

At 1st March 2022 (1,263 )
Deficit for the year (3,542 )
At 28th February 2023 (4,805 )