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REGISTERED NUMBER: 04580496 (England and Wales)









Financial Statements

for the Year Ended 30 March 2023

for

Middle West Curry Farm Limited

Middle West Curry Farm Limited (Registered number: 04580496)






Contents of the Financial Statements
for the Year Ended 30 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Middle West Curry Farm Limited

Company Information
for the Year Ended 30 March 2023







DIRECTORS: M Morgan
I Morgan





SECRETARY: M Morgan





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 04580496 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Middle West Curry Farm Limited (Registered number: 04580496)

Statement of Financial Position
30 March 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 597,347 606,715

CURRENT ASSETS
Debtors 5 6,475 8,300
Cash at bank 3,075 17
9,550 8,317
CREDITORS
Amounts falling due within one year 6 (257,703 ) (214,273 )
NET CURRENT LIABILITIES (248,153 ) (205,956 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

349,194

400,759

CREDITORS
Amounts falling due after more than one
year

7

(411,369

)

(430,127

)
NET LIABILITIES (62,175 ) (29,368 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (62,177 ) (29,370 )
SHAREHOLDERS' FUNDS (62,175 ) (29,368 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





I Morgan - Director


Middle West Curry Farm Limited (Registered number: 04580496)

Notes to the Financial Statements
for the Year Ended 30 March 2023

1. STATUTORY INFORMATION

Middle West Curry 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.

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.

Income is recognised when the service is provided.

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-land element not depreciated
Plant and machinery etc - 25% on reducing balance

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 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.

Government grants
Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Going concern
The directors consider that the going concern basis is appropriate and assume that the company will continue in operational existence for at least 12 months from the date of approval of these financial statements. The validity of this assumption is dependent upon the continued support of the company's creditors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Middle West Curry Farm Limited (Registered number: 04580496)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 31 March 2022
and 30 March 2023 623,831 48,138 671,969
DEPRECIATION
At 31 March 2022 29,632 35,622 65,254
Charge for year 6,238 3,130 9,368
At 30 March 2023 35,870 38,752 74,622
NET BOOK VALUE
At 30 March 2023 587,961 9,386 597,347
At 30 March 2022 594,199 12,516 606,715

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 1,241
Other debtors 6,475 7,059
6,475 8,300

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 26,314 21,448
Hire purchase contracts - 786
Trade creditors - 7,675
Taxation and social security 780 -
Other creditors 230,609 184,364
257,703 214,273

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 411,369 430,127

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 341,875 358,713

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Lloyds bank loan 355,118 365,356

A loan of £400,000 was received from Lloyds bank in June 2017 over a 25 year term and is secured against the companies investment property.

Middle West Curry Farm Limited (Registered number: 04580496)

Notes to the Financial Statements - continued
for the Year Ended 30 March 2023

9. RELATED PARTY DISCLOSURES

Included in other creditors is an aggregate amount of £213,294 (2022: £178,367) due to the company's directors. These balances have been provided unsecured, interest free and are repayable on demand.