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REGISTERED NUMBER: 01107870 (England and Wales)











Berrington Farms Limited

Unaudited Financial Statements

for the Year Ended 31 March 2023






Berrington Farms Limited (Registered number: 01107870)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Berrington Farms Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: RPC Wailes-Fairbairn





SECRETARY: RPC Wailes-Fairbairn





REGISTERED OFFICE: South Berrington House
Ancroft
Berwick-upon-Tweed
Northumberland
TD15 2TF





REGISTERED NUMBER: 01107870 (England and Wales)





ACCOUNTANTS: The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Berrington Farms Limited


The following reproduces the text of the report prepared for the director 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 Income and Retained Earnings and certain other primary statements and the Report of the Director 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 Berrington Farms Limited for the year ended 31 March 2023 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Berrington Farms Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Berrington Farms Limited and state those matters that we have agreed to state to the director of Berrington Farms Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Berrington Farms Limited and its director for our work or for this report.

It is your duty to ensure that Berrington 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 loss of Berrington Farms Limited. You consider that Berrington 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 Berrington 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.






The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF


3 November 2023

Berrington Farms Limited (Registered number: 01107870)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 654,010 663,611

CURRENT ASSETS
Debtors 5 1,327 735

CREDITORS
Amounts falling due within one year 6 665 5,308
NET CURRENT ASSETS/(LIABILITIES) 662 (4,573 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

654,672

659,038

CAPITAL AND RESERVES
Allotted, issued and fully
paid share capital 100 100
Retained earnings 654,572 658,938
SHAREHOLDERS' FUNDS 654,672 659,038

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 director acknowledges his 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 November 2023 and were signed by:





RPC Wailes-Fairbairn - Director


Berrington Farms Limited (Registered number: 01107870)

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


1. STATUTORY INFORMATION

Berrington 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.

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 director has considered the financial requirements of the company and considers that it will be able to operate within its agreed finance facilities for the next 12 months. The director considers it appropriate to prepare accounts on the going concern basis.

Turnover
Turnover is derived from the company's share of the accounting profits of the AG and WR Wailes-Fairbairn partnership.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Foreign exchange
Exchange gains and losses represent the company's share of the AG and WR Wailes-Fairbairn farming partnership's foreign exchange gains and losses as calculated using the relevant closing exchange rates at the start and end of the year.

Fixed asset investments
Fixed asset investments are stated at the value of the company's capital account in the AG and WR Wailes-Fairbairn partnership.

3. EMPLOYEES

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

Berrington Farms Limited (Registered number: 01107870)

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


4. FIXED ASSET INVESTMENTS
Unlisted
investments
£   
COST
At 1 April 2022 663,611
Disposals (9,601 )
At 31 March 2023 654,010
NET BOOK VALUE
At 31 March 2023 654,010
At 31 March 2022 663,611

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Deferred tax asset 1,327 735

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax payable - 4,658
Other creditors 665 650
665 5,308

7. DEFERRED TAX
£   
Balance at 1 April 2022 (735 )
Provided during year (592 )
Balance at 31 March 2023 (1,327 )

8. RELATED PARTY DISCLOSURES

The company farms in partnership with the director.

The company's share of the trading loss from the partnership was £1,711 (2022: £21,363 profit). The balance of the company's capital in the partnership is disclosed in the Fixed Asset Investments note.

The partnership has offered security over land which it owns with resultant charges registered for the company as a partner.