Park Farm (Oxford) Limited 13752007 false 2021-11-18 2022-09-30 2022-09-30 The principal activity of the company is growing of cereals (except rice), leguminous crops and oil seeds Digita Accounts Production Advanced 6.30.9574.0 true 13752007 2021-11-18 2022-09-30 13752007 2022-09-30 13752007 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2022-09-30 13752007 core:CurrentFinancialInstruments 2022-09-30 13752007 core:CurrentFinancialInstruments core:WithinOneYear 2022-09-30 13752007 core:FurnitureFittingsToolsEquipment 2022-09-30 13752007 core:LandBuildings 2022-09-30 13752007 core:MotorVehicles 2022-09-30 13752007 bus:SmallEntities 2021-11-18 2022-09-30 13752007 bus:AuditExemptWithAccountantsReport 2021-11-18 2022-09-30 13752007 bus:FullAccounts 2021-11-18 2022-09-30 13752007 bus:SmallCompaniesRegimeForAccounts 2021-11-18 2022-09-30 13752007 bus:RegisteredOffice 2021-11-18 2022-09-30 13752007 bus:Director2 2021-11-18 2022-09-30 13752007 bus:PrivateLimitedCompanyLtd 2021-11-18 2022-09-30 13752007 core:RevaluationReserve 2021-11-18 2022-09-30 13752007 core:FurnitureFittingsToolsEquipment 2021-11-18 2022-09-30 13752007 core:LandBuildings 2021-11-18 2022-09-30 13752007 core:MotorVehicles 2021-11-18 2022-09-30 13752007 countries:EnglandWales 2021-11-18 2022-09-30 iso4217:GBP xbrli:pure

Registration number: 13752007

Park Farm (Oxford) Limited

Unaudited Filleted Financial Statements

for the Period from 18 November 2021 to 30 September 2022

 

Park Farm (Oxford) Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Park Farm (Oxford) Limited

(Registration number: 13752007)
Balance Sheet as at 30 September 2022

Note

2022
£

Fixed assets

 

Tangible assets

4

1,057,229

Current assets

 

Debtors

6

15,678

Creditors: Amounts falling due within one year

7

(4,194)

Net current assets

 

11,484

Total assets less current liabilities

 

1,068,713

Provisions for liabilities

(153,974)

Net assets

 

914,739

Capital and reserves

 

Called up share capital

39,960

Capital redemption reserve

92,866

Revaluation reserve

810,389

Retained earnings

(28,476)

Shareholders' funds

 

914,739

For the financial period ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 17 November 2023
 

.........................................
Mr Charles G A Budgett
Director

 

Park Farm (Oxford) Limited

Notes to the Unaudited Financial Statements for the Period from 18 November 2021 to 30 September 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Victoria House
10 Broad Street
Abingdon
Oxfordshire
OX14 3LH
England

These financial statements were authorised for issue by the director on 17 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Park Farm (Oxford) Limited

Notes to the Unaudited Financial Statements for the Period from 18 November 2021 to 30 September 2022

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Park Farm (Oxford) Limited

Notes to the Unaudited Financial Statements for the Period from 18 November 2021 to 30 September 2022

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

Additions

1,049,459

14,294

29,846

1,093,599

At 30 September 2022

1,049,459

14,294

29,846

1,093,599

Depreciation

Charge for the period

-

12,131

24,239

36,370

At 30 September 2022

-

12,131

24,239

36,370

Carrying amount

At 30 September 2022

1,049,459

2,163

5,607

1,057,229

Included within the net book value of land and buildings above is £1,049,459 in respect of freehold land and buildings.
 

 

Park Farm (Oxford) Limited

Notes to the Unaudited Financial Statements for the Period from 18 November 2021 to 30 September 2022

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

Revaluations

(39,959)

(39,959)

Additions

39,959

39,959

At 30 September 2022

-

-

Impairment

Carrying amount

At 30 September 2022

-

-

6

Debtors

2022
£

Other debtors

15,678

15,678

7

Creditors

Creditors: amounts falling due within one year

2022
£

Due within one year

Taxation and social security

2,694

Accruals and deferred income

1,500

4,194

8

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current period were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

810,389

810,389