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REGISTERED NUMBER: 03519605 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Hollowgate Farms Limited

Hollowgate Farms Limited (Registered number: 03519605)






Contents of the Financial Statements
for the year ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Hollowgate Farms Limited

Company Information
for the year ended 31 March 2023







DIRECTORS: Mrs G Braithwaite
G Braithwaite





REGISTERED OFFICE: Hollowgate Farm
Main Street
Cadeby
Doncaster
South Yorkshire
DN5 7SW





REGISTERED NUMBER: 03519605 (England and Wales)





ACCOUNTANTS: Royston Parkin Limited
2 President Buildings
Savile Street East
Sheffield
South Yorkshire
S4 7UQ

Hollowgate Farms Limited (Registered number: 03519605)

Statement of Financial Position
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 809 1,214
Investment property 5 1,090,836 1,302,270
1,091,645 1,303,484

CURRENT ASSETS
Cash at bank 51,190 80,022

CREDITORS
Amounts falling due within one year 6 1,072,285 1,353,470
NET CURRENT LIABILITIES (1,021,095 ) (1,273,448 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,550

30,036

CAPITAL AND RESERVES
Called up share capital 150,000 150,000
Retained earnings (79,450 ) (119,964 )
70,550 30,036

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.

Hollowgate Farms Limited (Registered number: 03519605)

Statement of Financial Position - continued
31 March 2023


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 22 November 2023 and were signed on its behalf by:





Mrs G Braithwaite - Director


Hollowgate Farms Limited (Registered number: 03519605)

Notes to the Financial Statements
for the year ended 31 March 2023

1. STATUTORY INFORMATION

Hollowgate 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.

Turnover
Revenue 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.
Plant and machinery - 20% on cost
Motor vehicles - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

Hollowgate Farms Limited (Registered number: 03519605)

Notes to the Financial Statements - continued
for the year ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2022
and 31 March 2023 14,378 22,145 36,523
DEPRECIATION
At 1 April 2022 13,164 22,145 35,309
Charge for year 405 - 405
At 31 March 2023 13,569 22,145 35,714
NET BOOK VALUE
At 31 March 2023 809 - 809
At 31 March 2022 1,214 - 1,214

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 1,302,270
Disposals (211,434 )
At 31 March 2023 1,090,836
NET BOOK VALUE
At 31 March 2023 1,090,836
At 31 March 2022 1,302,270

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 1,659 3,430
Trade creditors 1,268 73
Taxation and social security 6,379 8,224
Other creditors 1,062,979 1,341,743
1,072,285 1,353,470