Company registration number 06476071 (England and Wales)
BELLE ISLE FARMS LIMITED
Financial Statements
For The Period Ended 31 March 2023
Pages For Filing With Registrar
Belle Isle Farms Limited
BELLE ISLE FARMS LIMITED
Contents
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 5
Belle Isle Farms Limited
BELLE ISLE FARMS LIMITED
Balance Sheet
As At 31 March 2023
31 March 2023
- 1 -
31 March 2023
5 October 2021
Notes
£
£
£
£
Fixed assets
Investments
3
463,753
463,753
Current assets
Debtors
4
1,417,552
1,103,440
Cash at bank and in hand
4
30,924
1,417,556
1,134,364
Creditors: amounts falling due within one year
5
(12,578)
(43,086)
Net current assets
1,404,978
1,091,278
Net assets
1,868,731
1,555,031
Capital and reserves
Called up share capital
6
1,004
1,004
Profit and loss reserves
1,867,727
1,554,027
Total equity
1,868,731
1,555,031
The notes on pages 3 to 5 form part of these financial statements.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 31 October 2023 and are signed on its behalf by:
J B Pace
Director
Company Registration No. 06476071
Belle Isle Farms Limited
BELLE ISLE FARMS LIMITED
Statement Of Changes In Equity
For The Period Ended 31 March 2023
- 2 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 6 October 2020
1,004
1,245,534
1,246,538
Year ended 5 October 2021:
Profit and total comprehensive income for the year
-
358,493
358,493
Dividends
-
(50,000)
(50,000)
Balance at 5 October 2021
1,004
1,554,027
1,555,031
Period ended 31 March 2023:
Profit and total comprehensive income for the period
-
368,700
368,700
Dividends
-
(55,000)
(55,000)
Balance at 31 March 2023
1,004
1,867,727
1,868,731
The notes on pages 3 to 5 form part of these financial statements.
Belle Isle Farms Limited
BELLE ISLE FARMS LIMITED
Notes To The Financial Statements
For The Period Ended 31 March 2023
- 3 -
1
Accounting policies
Company information
Belle Isle Farms Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Brick Barn, Court Road, St Nicholas At Wade, Birchington, Kent, England, CT7 0PT.
1.1
Reporting period
The company has prepared financial statements for an 18 month period to 31 March 2023. The comparative amounts presented in the financial statements are not entirely comparable.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.4
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.6
Retirement benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have bee paid the company has no further payment obligations.
The contributions are recognised as an expense in the profit and loss account when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Belle Isle Farms Limited
BELLE ISLE FARMS LIMITED
Notes To The Financial Statements (Continued)
For The Period Ended 31 March 2023
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the Period was:
2023
2021
Number
Number
Total
3
3
3
Fixed asset investments
2023
2021
£
£
Shares in group undertakings and participating interests
463,753
463,753
4
Debtors
2023
2021
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,205,690
613,870
Amounts owed by undertakings in which the company has a participating interest
211,862
489,570
1,417,552
1,103,440
5
Creditors: amounts falling due within one year
2023
2021
£
£
Corporation tax
9,978
19,111
Other creditors
20,000
Accruals and deferred income
2,600
3,975
12,578
43,086
6
Called up share capital
2023
2021
2023
2021
Ordinary share capital
Number
Number
£
£
Issued and fully paid
A Ordinary shares of £1 each
4
4
4
4
B Ordinary shares of £1 each
1,000
1,000
1,000
1,000
1,004
1,004
1,004
1,004
Belle Isle Farms Limited
BELLE ISLE FARMS LIMITED
Notes To The Financial Statements (Continued)
For The Period Ended 31 March 2023
- 5 -
7
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
Iain D Morris FCA
Statutory Auditor:
Chavereys
8
Parent company
The company is a subsidiary of St. Nicholas Court Farms Limited, a company incorporated in England and Wales, registered office St. Nicholas Court, Court Road, St. Nicholas at Wade, Birchington, Kent, CT7 0NJ.