2022-04-01 08291076 2023-03-31 08291076 2022-04-01 2023-03-31 08291076 2022-03-31 08291076 2021-04-01 2022-03-31 08291076 uk-core:WithinOneYear uk-bus:Original 2022-03-31 08291076 uk-core:WithinOneYear uk-bus:Original 2023-03-31 08291076 uk-core:AfterOneYear uk-bus:Original 2022-03-31 08291076 uk-core:AfterOneYear uk-bus:Original 2023-03-31 08291076 uk-core:ShareCapital uk-bus:Original 2023-03-31 08291076 uk-core:ShareCapital uk-bus:Original 2022-03-31 08291076 uk-core:InvestmentPropertiesRevaluationReserve uk-bus:Original 2023-03-31 08291076 uk-core:InvestmentPropertiesRevaluationReserve uk-bus:Original 2022-03-31 08291076 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2023-03-31 08291076 uk-core:RetainedEarningsAccumulatedLosses uk-bus:Original 2022-03-31 08291076 uk-bus:Director1 uk-bus:Original 2022-04-01 2023-03-31 08291076 uk-core:LeaseholdImprovements uk-bus:Original 2022-04-01 2023-03-31 08291076 uk-core:PlantMachinery uk-bus:Original 2022-04-01 2023-03-31 08291076 uk-core:ComputerEquipment uk-bus:Original 2022-04-01 2023-03-31 08291076 uk-core:CommercialMotorVehicles uk-bus:Original 2022-04-01 2023-03-31 08291076 uk-core:OtherPropertyPlantEquipment uk-bus:Original 2022-04-01 2023-03-31 08291076 uk-core:ComputerEquipment uk-bus:Original 2022-03-31 08291076 uk-core:OtherPropertyPlantEquipment uk-bus:Original 2022-03-31 08291076 uk-core:CommercialMotorVehicles uk-bus:Original 2022-03-31 08291076 uk-core:PlantMachinery uk-bus:Original 2022-03-31 08291076 uk-core:LeaseholdImprovements uk-bus:Original 2022-03-31 08291076 uk-core:LeaseholdImprovements uk-bus:Original 2023-03-31 08291076 uk-core:CommercialMotorVehicles uk-bus:Original 2023-03-31 08291076 uk-core:OtherPropertyPlantEquipment uk-bus:Original 2023-03-31 08291076 uk-core:ComputerEquipment uk-bus:Original 2023-03-31 08291076 uk-core:PlantMachinery uk-bus:Original 2023-03-31 08291076 uk-core:AfterOneYear uk-bus:Original uk-core:Secured 2023-03-31 08291076 uk-core:AfterOneYear uk-bus:Original uk-core:Secured 2022-03-31 08291076 uk-core:AfterOneYear uk-bus:Original 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure 08291076 uk-bus:AuditExemptWithAccountantsReport uk-bus:Original 2022-04-01 2023-03-31 08291076 uk-bus:FRS102 uk-bus:Original 2022-04-01 2023-03-31 08291076 uk-bus:FilletedAccounts uk-bus:Original 2022-04-01 2023-03-31 08291076 uk-bus:PrivateLimitedCompanyLtd uk-bus:Original 2022-04-01 2023-03-31
Earls Colne Farm Limited
Registered Number:08291076
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 March 2023
Earls Colne Farm Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
08291076
As at 31 March 2023
Earls Colne Farm Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
96,141
105,401
2
96,141
105,401
Current assets
Inventories
1,500
21,500
3
Trade and other receivables
18,441
3,934
4
11,288
Cash and cash equivalents
5,624
31,058
31,229
Trade and other payables: amounts falling due within one year
(1,441)
-
5
29,788
31,058
Net current assets
Total assets less current liabilities
127,199
135,189
Trade and other payables: amounts falling due after more than
one year
(172,933)
(164,749)
6
(37,550)
Net liabilities
(37,744)
Capital and reserves
Called up share capital
1
1
Fair value reserve
50,433
50,433
Retained earnings
(87,984)
(88,178)
(37,550)
(37,744)
Shareholders' funds
For the year ended 31 March 2023 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
08291076
For the year ended 31 March 2023
Earls Colne Farm Limited
Statement of Financial Position Continued
Mr Spencer David Davis Director
These financial statements were approved and authorised for issue by the Board on 03 November 2023 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2023
Earls Colne Farm Limited
Notes to the Financial Statements
Statutory Information
Earls Colne Farm Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
08291076.
Registered address:
Earls Colne Farms
Halstead Road
Earls Colne
Essex
CO6 2NL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Land is not depreciated but periodically revalued. The freeholder at times accounts for the apreciation by giving ECF Ltd (The Leasee) a rebate.Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and Buildings
0% Per annum on cost
Plant and Machinery
20% Straight line
25% Straight line
Computer Equipment
50% Straight line
Motor Vehicles
10% Straight line
Trees
2. Property, plant and equipment
Total
Computer
Equipment
Trees
Motor Vehicles
Plant and
Machinery
Land and
Buildings
£
£
£
£
£
£
Cost or valuation
At 01 April 2022
166,243
899
51,602
11,088
102,653
1
21,450
-
-
-
21,450
-
Additions
At 31 March 2023
1
11,088
51,602
899
187,693
124,103
Provision for depreciation and impairment
At 01 April 2022
60,842
225
5,523
10,583
44,511
-
Charge for year
30,710
225
5,160
505
24,820
-
At 31 March 2023
91,552
450
10,683
11,088
69,331
-
At 31 March 2023
Net book value
1
54,772
-
40,919
449
96,141
1
58,142
505
46,079
674
105,401
At 31 March 2022
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For the year ended 31 March 2023
Earls Colne Farm Limited
Notes to the Financial Statements Continued
3. Inventories
2022
2023
£
£
Stocks
21,500
1,500
4. Trade and other receivables
2022
2023
£
£
Taxation and social security
3,934
18,441
5. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Trade creditors
-
1
Taxation and social security
-
1,385
Other creditors
-
55
-
1,441
6. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
24,658
33,412
114,133
114,820
Directors' loan accounts
Other creditors
25,271
25,388
164,749
172,933
A BBIL was taken out during the YE 28/02/2021. Repayments commenced on 1/12/2021. Loan is due to repaid in full on 31/05/2026
7. Average number of persons employed
During the year the average number of employees was 3 (2022 : 4)
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