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REGISTERED NUMBER: 08336164 (England and Wales)















BARRACKS FARM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






BARRACKS FARM LIMITED (REGISTERED NUMBER: 08336164)






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




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


BARRACKS FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: R W Marshall
S J Marshall





REGISTERED OFFICE: Barracks Farm
Forest Lane
Papplewick
Nottingham
Nottinghamshire
NG15 8FG





REGISTERED NUMBER: 08336164 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

BARRACKS FARM LIMITED (REGISTERED NUMBER: 08336164)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 848,311 915,717

CURRENT ASSETS
Debtors 5 38,290 428,745
Cash at bank 124,445 81,188
162,735 509,933
CREDITORS
Amounts falling due within one year 6 138,631 339,842
NET CURRENT ASSETS 24,104 170,091
TOTAL ASSETS LESS CURRENT LIABILITIES 872,415 1,085,808

CREDITORS
Amounts falling due after more than one year 7 (49,747 ) (164,781 )

PROVISIONS FOR LIABILITIES (138,698 ) (146,509 )
NET ASSETS 683,970 774,518

CAPITAL AND RESERVES
Called up share capital 9 2,000 2,000
Retained earnings 681,970 772,518
SHAREHOLDERS' FUNDS 683,970 774,518

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

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 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.

BARRACKS FARM LIMITED (REGISTERED NUMBER: 08336164)

STATEMENT OF FINANCIAL POSITION - continued
31 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 and authorised for issue by the Board of Directors and authorised for issue on 19 September 2023 and were signed on its behalf by:




R W Marshall - Director



S J Marshall - Director


BARRACKS FARM LIMITED (REGISTERED NUMBER: 08336164)

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

1. STATUTORY INFORMATION

Barracks 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.

Revenue
Turnover comprises net invoiced sales, excluding value added tax.

Turnover is recognised when the significant risks and rewards have passed to the buyer (typically considered to be on despatch), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and that the costs incurred, or to be incurred, in respect of the transaction can be measured reliably.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 10% on cost and 5% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2022 - 2 ) .

BARRACKS FARM LIMITED (REGISTERED NUMBER: 08336164)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 1,338,508
DEPRECIATION
At 1 April 2022 422,791
Charge for year 67,406
At 31 March 2023 490,197
NET BOOK VALUE
At 31 March 2023 848,311
At 31 March 2022 915,717

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 19,848 71,782
Other debtors 18,442 356,963
38,290 428,745

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Bank loans and overdrafts 67,804 66,345
Trade creditors 2,592 5,131
Taxation and social security 28,743 8,366
Other creditors 39,492 260,000
138,631 339,842

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
as restated
£    £   
Bank loans 49,747 164,781

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
as restated
£    £   
Bank loans 117,551 231,126

The loan is secured against the asset to which it relates.

BARRACKS FARM LIMITED (REGISTERED NUMBER: 08336164)

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

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2023 2022
value: as restated
£    £   
2,000 Ordinary shares £1 2,000 2,000

10. RELATED PARTY DISCLOSURES

Other creditors includes £39,492 owed to Marshall Farms, a partnership in which the directors are partners (31.3.22 - owed by partnership to company £340,779).