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REGISTERED NUMBER: 03616973 (England and Wales)








Unaudited Financial Statements

for the Year Ended

31 March 2023

for

Meadow Farm Sheriffhales Limited

Meadow Farm Sheriffhales Limited (Registered number: 03616973)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Meadow Farm Sheriffhales Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mrs C J Robinson
A J B Robinson





SECRETARY: Mrs C J Robinson





REGISTERED OFFICE: Meadow House
Sheriffhales
Shifnal
Shropshire
TF11 8QY





REGISTERED NUMBER: 03616973 (England and Wales)





ACCOUNTANTS: Nicklin LLP
Chartered Accountants
Church Court
Stourbridge Road
Halesowen
West Midlands
B63 3TT

Meadow Farm Sheriffhales Limited (Registered number: 03616973)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,888,002 1,889,994

CURRENT ASSETS
Stocks 137,314 45,565
Debtors 5 32,201 37,507
Cash at bank 165,979 129,688
335,494 212,760
CREDITORS
Amounts falling due within one year 6 374,690 326,877
NET CURRENT LIABILITIES (39,196 ) (114,117 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,848,806

1,775,877

CREDITORS
Amounts falling due after more than one year 7 130,315 153,083
NET ASSETS 1,718,491 1,622,794

CAPITAL AND RESERVES
Called up share capital 1,655,000 1,655,000
Retained earnings 63,491 (32,206 )
SHAREHOLDERS' FUNDS 1,718,491 1,622,794

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.

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 10 November 2023 and were signed on its behalf by:





Mrs C J Robinson - Director


Meadow Farm Sheriffhales Limited (Registered number: 03616973)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Meadow Farm Sheriffhales 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.

The financial statements are drawn up on the going concern basis on the assumption that the major related party creditor of the company will continue to provide support.

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
Long leasehold - not provided
Plant and machinery - 15% on cost and 10% on cost
Motor vehicles - 25% on reducing balance

No depreciation is provided on freehold buildings as it is the company's policy to maintain its property in good condition to preserve its residual value such that depreciation is immaterial. Maintenance is regularly undertaken and charged to profit and loss account.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Meadow Farm Sheriffhales Limited (Registered number: 03616973)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Freehold Long Plant and
property leasehold machinery
£    £    £   
COST
At 1 April 2022 1,849,158 1,208 202,629
Additions - - 13,502
At 31 March 2023 1,849,158 1,208 216,131
DEPRECIATION
At 1 April 2022 - - 166,768
Charge for year - - 14,552
At 31 March 2023 - - 181,320
NET BOOK VALUE
At 31 March 2023 1,849,158 1,208 34,811
At 31 March 2022 1,849,158 1,208 35,861

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2022 4,677 62,517 2,120,189
Additions - - 13,502
At 31 March 2023 4,677 62,517 2,133,691
DEPRECIATION
At 1 April 2022 4,230 59,197 230,195
Charge for year 112 830 15,494
At 31 March 2023 4,342 60,027 245,689
NET BOOK VALUE
At 31 March 2023 335 2,490 1,888,002
At 31 March 2022 447 3,320 1,889,994


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 25,121 33,039
Amounts owed by group undertakings 4,200 -
Other debtors 2,880 4,468
32,201 37,507

Meadow Farm Sheriffhales Limited (Registered number: 03616973)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 2,216 3,800
Trade creditors 134,444 84,779
Taxation and social security 3,679 3,331
Other creditors 224,351 224,967
374,690 326,877

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 23,333 33,333
Hire purchase contracts - 2,216
Other creditors 106,982 117,534
130,315 153,083

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans more 5yrs non-inst 52,868 63,307

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 2,216 6,016

9. RELATED PARTY DISCLOSURES

The amount due to the directors at 31 March 2023 was £200,314 (2022 £200,314).