Silverfin false 28/02/2023 01/03/2022 28/02/2023 Mr O Hicks 27/02/2014 14 November 2023 The principal activity of the company during the financial year was raising beef cattle. 08915409 2023-02-28 08915409 bus:Director1 2023-02-28 08915409 2022-02-28 08915409 core:CurrentFinancialInstruments 2023-02-28 08915409 core:CurrentFinancialInstruments 2022-02-28 08915409 core:ShareCapital 2023-02-28 08915409 core:ShareCapital 2022-02-28 08915409 core:RetainedEarningsAccumulatedLosses 2023-02-28 08915409 core:RetainedEarningsAccumulatedLosses 2022-02-28 08915409 core:LandBuildings 2022-02-28 08915409 core:OtherPropertyPlantEquipment 2022-02-28 08915409 core:LandBuildings 2023-02-28 08915409 core:OtherPropertyPlantEquipment 2023-02-28 08915409 bus:OrdinaryShareClass1 2023-02-28 08915409 2022-03-01 2023-02-28 08915409 bus:FullAccounts 2022-03-01 2023-02-28 08915409 bus:SmallEntities 2022-03-01 2023-02-28 08915409 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 08915409 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 08915409 bus:Director1 2022-03-01 2023-02-28 08915409 core:LandBuildings core:TopRangeValue 2022-03-01 2023-02-28 08915409 core:OtherPropertyPlantEquipment 2022-03-01 2023-02-28 08915409 2021-03-01 2022-02-28 08915409 core:LandBuildings 2022-03-01 2023-02-28 08915409 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 08915409 bus:OrdinaryShareClass1 2021-03-01 2022-02-28 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08915409 (England and Wales)

ZELAH LANE FARM LIMITED

Unaudited Financial Statements
For the financial year ended 28 February 2023
Pages for filing with the registrar

ZELAH LANE FARM LIMITED

Unaudited Financial Statements

For the financial year ended 28 February 2023

Contents

ZELAH LANE FARM LIMITED

COMPANY INFORMATION

For the financial year ended 28 February 2023
ZELAH LANE FARM LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 28 February 2023
DIRECTOR Mr O Hicks
REGISTERED OFFICE Zelah Lane
Zelah
TR4 9HR
United Kingdom
COMPANY NUMBER 08915409 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Lowin House
Tregolls Road
Truro
Cornwall TR1 2NA
ZELAH LANE FARM LIMITED

BALANCE SHEET

As at 28 February 2023
ZELAH LANE FARM LIMITED

BALANCE SHEET (continued)

As at 28 February 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 61,694 59,280
61,694 59,280
Current assets
Stocks 32,620 23,509
Debtors 4 1,862 2,948
Cash at bank and in hand 5,250 741
39,732 27,198
Creditors: amounts falling due within one year 5 ( 146,653) ( 136,119)
Net current liabilities (106,921) (108,921)
Total assets less current liabilities (45,227) (49,641)
Net liabilities ( 45,227) ( 49,641)
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account ( 45,327 ) ( 49,741 )
Total shareholder's deficit ( 45,227) ( 49,641)

For the financial year ending 28 February 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Zelah Lane Farm Limited (registered number: 08915409) were approved and authorised for issue by the Director on 14 November 2023. They were signed on its behalf by:

Mr O Hicks
Director
ZELAH LANE FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
ZELAH LANE FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 28 February 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Zelah Lane Farm Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Zelah Lane, Zelah, TR4 9HR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of livestock in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings 25 years straight line
Plant and machinery etc. 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Land and buildings Plant and machinery etc. Total
£ £ £
Cost
At 01 March 2022 72,351 34,555 106,906
Additions 0 7,592 7,592
At 28 February 2023 72,351 42,147 114,498
Accumulated depreciation
At 01 March 2022 20,268 27,358 47,626
Charge for the financial year 2,894 2,284 5,178
At 28 February 2023 23,162 29,642 52,804
Net book value
At 28 February 2023 49,189 12,505 61,694
At 28 February 2022 52,083 7,197 59,280

4. Debtors

2023 2022
£ £
Other debtors 1,862 2,948

5. Creditors: amounts falling due within one year

2023 2022
£ £
Bank loans 5,333 6,933
Other creditors 141,320 129,186
146,653 136,119

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100