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REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SHERWOOD FARMS,LIMITED

SHERWOOD FARMS,LIMITED (REGISTERED NUMBER: 00361854)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

SHERWOOD FARMS,LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: A P Parker
J R Parker





SECRETARY: A P Parker





REGISTERED OFFICE: Kinoulton Grange
Hickling
Melton Mowbray
Leicestershire
LE14 3AR





REGISTERED NUMBER: 00361854 (England and Wales)





ACCOUNTANTS: Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN

SHERWOOD FARMS,LIMITED (REGISTERED NUMBER: 00361854)

REPORT OF THE DIRECTORS
for the year ended 31 March 2023

The directors present their report with the financial statements of the company for the year ended 31 March 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of farming.

DIRECTORS
The directors during the year under review were:

A P Parker
J R Parker

The beneficial interests of the directors holding office on 31 March 2023 in the issued share capital of the company were as follows:
31.3.23 1.4.22
Ordinary £1 shares

A P Parker 5,500 5,500
J R Parker 5,500 5,500

Of both Mr A P Parker and Mr J R Parker's shareholding; 50% of their interest arises from shares owned by their wives.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





A P Parker - Secretary


20 November 2023

SHERWOOD FARMS,LIMITED (REGISTERED NUMBER: 00361854)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,359,682 4,139,395

CURRENT ASSETS
Stocks 585,031 509,110
Debtors 5 575,481 636,141
Cash at bank and in hand 580,299 461,621
1,740,811 1,606,872
CREDITORS
Amounts falling due within one year 6 1,420,555 1,545,682
NET CURRENT ASSETS 320,256 61,190
TOTAL ASSETS LESS CURRENT LIABILITIES 4,679,938 4,200,585

CREDITORS
Amounts falling due after more than one year 7 (5,024 ) (40,038 )

PROVISIONS FOR LIABILITIES (421,510 ) (274,020 )
NET ASSETS 4,253,404 3,886,527

CAPITAL AND RESERVES
Called up share capital 8 11,500 11,500
Share premium 441,500 441,500
Retained earnings 3,800,404 3,433,527
SHAREHOLDERS' FUNDS 4,253,404 3,886,527

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2023 and were signed on its behalf by:



J R Parker - Director


SHERWOOD FARMS,LIMITED (REGISTERED NUMBER: 00361854)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Sherwood Farms,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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 10% on reducing balance

The value of land is not depreciated which is included in freehold property.

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

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.

Deferred taxation
Provision is made at current rates for taxation deferred in respect of all material timing diffences.


Government grants
Amounts received from government departments are held as liabilities and are released to the profit and loss account over the estimated useful life of the asset to which the grant was given.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 20 ) .

SHERWOOD FARMS,LIMITED (REGISTERED NUMBER: 00361854)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 1 April 2022 3,366,431 3,760,502 32,297 8,589 7,167,819
Additions - 392,929 116,541 - 509,470
Disposals - (128,170 ) (5,500 ) - (133,670 )
At 31 March 2023 3,366,431 4,025,261 143,338 8,589 7,543,619
DEPRECIATION
At 1 April 2022 673,288 2,323,908 26,644 4,584 3,028,424
Charge for year 23,298 177,390 29,935 445 231,068
Eliminated on disposal - (72,514 ) (3,041 ) - (75,555 )
At 31 March 2023 696,586 2,428,784 53,538 5,029 3,183,937
NET BOOK VALUE
At 31 March 2023 2,669,845 1,596,477 89,800 3,560 4,359,682
At 31 March 2022 2,693,143 1,436,594 5,653 4,005 4,139,395

Included in cost of land and buildings is freehold land of £ 1,366,470 (2022 - £ 1,366,470 ) which is not depreciated.


5. DEBTORS
31.3.23 31.3.22
£    £   
Amounts falling due within one year:
Trade debtors 260,166 270,039
VAT 16,169 18,542
Prepayments and accrued income 27,146 75,560
303,481 364,141

Amounts falling due after more than one year:
Trade debtors 272,000 272,000

Aggregate amounts 575,481 636,141

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts 34,455 34,374
Trade creditors 127,746 142,758
Tax 41,129 69,310
Social security and other taxes 14,205 12,620
Other creditors 246,203 287,806
Directors' current accounts 837,434 976,991
Accrued expenses 118,825 21,203
Deferred government grants 558 620
1,420,555 1,545,682

SHERWOOD FARMS,LIMITED (REGISTERED NUMBER: 00361854)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Hire purchase contracts - 34,455
Deferred government grant 5,024 5,583
5,024 40,038

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
11,500 Ordinary £1 11,500 11,500

9. ULTIMATE CONTROLLING PARTY

Mr A P Parker and Mr J R Parker are considered to be the ultimate controlling parties..

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SHERWOOD FARMS,LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Sherwood Farms,Limited for the year ended 31 March 2023 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Sherwood Farms,Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sherwood Farms,Limited and state those matters that we have agreed to state to the Board of Directors of Sherwood Farms,Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sherwood Farms,Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Sherwood Farms,Limited. You consider that Sherwood Farms,Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Sherwood Farms,Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Hewitt Card Limited
Chartered Certified Accountants
70-72 Nottingham Road
Mansfield
Nottinghamshire
NG18 1BN


Date: .............................................