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REGISTERED NUMBER: 03457387 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

LOWER BLACKGROVE FARM LIMITED

LOWER BLACKGROVE FARM LIMITED (REGISTERED NUMBER: 03457387)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOWER BLACKGROVE FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: A K Austen
C V A Winnicott





SECRETARY: SJP Secretaries Limited





REGISTERED OFFICE: Estate Yard Office
Queen Street
Waddesdon
Buckinghamshire
HP18 0JW





REGISTERED NUMBER: 03457387 (England and Wales)





ACCOUNTANTS: Martin and Company
Two Brewers House
50 North Street
Thame
Oxfordshire
OX9 3BH

LOWER BLACKGROVE FARM LIMITED (REGISTERED NUMBER: 03457387)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,264,668 1,364,157

CURRENT ASSETS
Stocks 27,456 6,976
Debtors 5 76,528 81,265
Cash at bank 1,016,826 551,301
1,120,810 639,542
CREDITORS
Amounts falling due within one year 6 84,635 4,957
NET CURRENT ASSETS 1,036,175 634,585
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,300,843

1,998,742

PROVISIONS FOR LIABILITIES 8,245 4,429
NET ASSETS 2,292,598 1,994,313

CAPITAL AND RESERVES
Called up share capital 1,730,000 1,730,000
Retained earnings 562,598 264,313
2,292,598 1,994,313

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

LOWER BLACKGROVE FARM LIMITED (REGISTERED NUMBER: 03457387)

BALANCE SHEET - continued
31ST MARCH 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 17th November 2023 and were signed on its behalf by:





C V A Winnicott - Director


LOWER BLACKGROVE FARM LIMITED (REGISTERED NUMBER: 03457387)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Lower Blackgrove Farm 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.

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 - not provided
Improvements to property - 20% on cost
Plant and machinery - 20% on cost

Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and
finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is
reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in
profit or loss.

Closing stocks are reported as follows:

£27,383 - Growing crops
£ 73 - Consumables

£27,456 - Total

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.


LOWER BLACKGROVE FARM LIMITED (REGISTERED NUMBER: 03457387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery Totals
£    £    £    £   
COST
At 1st April 2022 1,343,844 52,505 27,970 1,424,319
Additions - - 13,809 13,809
Disposals (109,160 ) - - (109,160 )
At 31st March 2023 1,234,684 52,505 41,779 1,328,968
DEPRECIATION
At 1st April 2022 2,997 52,504 4,661 60,162
Charge for year - - 4,138 4,138
At 31st March 2023 2,997 52,504 8,799 64,300
NET BOOK VALUE
At 31st March 2023 1,231,687 1 32,980 1,264,668
At 31st March 2022 1,340,847 1 23,309 1,364,157

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 150 216
Other debtors 76,378 81,049
76,528 81,265

LOWER BLACKGROVE FARM LIMITED (REGISTERED NUMBER: 03457387)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,133 14
Taxation and social security 68,595 -
Other creditors 7,907 4,943
84,635 4,957

7. RELATED PARTY DISCLOSURES

Other creditors include an amount of £3,072 (2022 - £36,348 included as an other debtor) in respect of amounts due to Waddesdon Estates LLP, which is related through common ownership. The amount is unsecured, interest free and payable on demand.

During the year, contracting expenses of £36,369 (2022 - £35,015) were recognised in respect of the contracting farming agreement with Waddesdon Estates LLP.