Blythe Bridge Hall Farm Limited 08392458 false 2022-03-01 2023-02-28 2023-02-28 The principal activity of the company is Dairy farming Digita Accounts Production Advanced 6.30.9574.0 true true 08392458 2022-03-01 2023-02-28 08392458 2023-02-28 08392458 core:RetainedEarningsAccumulatedLosses 2023-02-28 08392458 core:ShareCapital 2023-02-28 08392458 core:CurrentFinancialInstruments 2023-02-28 08392458 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 08392458 core:Non-currentFinancialInstruments 2023-02-28 08392458 core:Non-currentFinancialInstruments core:AfterOneYear 2023-02-28 08392458 core:FurnitureFittingsToolsEquipment 2023-02-28 08392458 core:LandBuildings 2023-02-28 08392458 core:OtherPropertyPlantEquipment 2023-02-28 08392458 bus:SmallEntities 2022-03-01 2023-02-28 08392458 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 08392458 bus:FullAccounts 2022-03-01 2023-02-28 08392458 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 08392458 bus:RegisteredOffice 2022-03-01 2023-02-28 08392458 bus:CompanySecretary1 2022-03-01 2023-02-28 08392458 bus:Director1 2022-03-01 2023-02-28 08392458 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 08392458 core:Buildings 2022-03-01 2023-02-28 08392458 core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28 08392458 core:LandBuildings 2022-03-01 2023-02-28 08392458 core:OfficeEquipment 2022-03-01 2023-02-28 08392458 core:OtherPropertyPlantEquipment 2022-03-01 2023-02-28 08392458 core:PlantMachinery 2022-03-01 2023-02-28 08392458 countries:EnglandWales 2022-03-01 2023-02-28 08392458 2022-02-28 08392458 core:FurnitureFittingsToolsEquipment 2022-02-28 08392458 core:LandBuildings 2022-02-28 08392458 core:OtherPropertyPlantEquipment 2022-02-28 08392458 2021-03-01 2022-02-28 08392458 2022-02-28 08392458 core:RetainedEarningsAccumulatedLosses 2022-02-28 08392458 core:ShareCapital 2022-02-28 08392458 core:CurrentFinancialInstruments 2022-02-28 08392458 core:CurrentFinancialInstruments core:WithinOneYear 2022-02-28 08392458 core:Non-currentFinancialInstruments 2022-02-28 08392458 core:Non-currentFinancialInstruments core:AfterOneYear 2022-02-28 08392458 core:FurnitureFittingsToolsEquipment 2022-02-28 08392458 core:LandBuildings 2022-02-28 08392458 core:OtherPropertyPlantEquipment 2022-02-28 iso4217:GBP xbrli:pure

Registration number: 08392458

Blythe Bridge Hall Farm Limited

Unaudited Filleted Financial Statements

for the Year Ended 28 February 2023

 

Blythe Bridge Hall Farm Limited

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 10

 

Blythe Bridge Hall Farm Limited

Company Information

Director

Mr T F Holland

Company secretary

Mrs S A Holland

Registered office

51 St John Street
Ashbourne
Derbyshire
DE6 1GP

Accountants

Coates and Partners Limited
Chartered Accountants
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

Blythe Bridge Hall Farm Limited

Director's Report for the Year Ended 28 February 2023

The director presents his report and the financial statements for the year ended 28 February 2023.

Director of the company

The director who held office during the year was as follows:

Mr T F Holland

Small companies provision statement

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

Approved and authorised by the director on 22 November 2023
 

.........................................
Mr T F Holland
Director

 

Blythe Bridge Hall Farm Limited

(Registration number: 08392458)
Balance Sheet as at 28 February 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

400,870

423,810

Current assets

 

Stocks

197,868

215,985

Debtors

5

67,452

42,181

Cash at bank and in hand

 

22,146

6,474

 

287,466

264,640

Creditors: Amounts falling due within one year

6

(92,505)

(63,792)

Net current assets

 

194,961

200,848

Total assets less current liabilities

 

595,831

624,658

Creditors: Amounts falling due after more than one year

6

(335,841)

(413,897)

Provisions for liabilities

(38,000)

(38,000)

Net assets

 

221,990

172,761

Capital and reserves

 

Allotted, called up and fully paid share capital

197,480

197,480

Profit and loss account

24,510

(24,719)

 

221,990

172,761

Total equity

 

221,990

172,761

For the financial year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

Approved and authorised by the director on 22 November 2023
 

 

Blythe Bridge Hall Farm Limited

(Registration number: 08392458)
Balance Sheet as at 28 February 2023 (continued)

.........................................
Mr T F Holland
Director

   
     
 

Blythe Bridge Hall Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023

1

General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 08392458.

The address of its registered office is:
51 St John Street
Ashbourne
Derbyshire
DE6 1GP
England

These financial statements were authorised for issue by the director on 22 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Going concern

The financial statements have been prepared on a going concern basis, as the director will support the company.

Revenue recognition

Turnover comprises the value of goods and livestock sold, services rendered and other farming receipts during the year and are exclusive of value added tax.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Blythe Bridge Hall Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023 (continued)

2

Accounting policies (continued)

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Office equipment

33% straight line basis

Buildings

5% straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
Biological assets are included at deprecated cost. Livestock which is homebred, farm reared or acquired some time before maturity and matured on the farm is valued at deemed cost at the following rates: cattle and sheep 60% and 75% of open market value. An election has been made to tax herds and flocks on the herd basis.

 

Blythe Bridge Hall Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023 (continued)

2

Accounting policies (continued)

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Blythe Bridge Hall Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023 (continued)

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 March 2022

353,711

1,476

595,688

950,875

Additions

-

-

29,621

29,621

Disposals

-

-

(9,500)

(9,500)

At 28 February 2023

353,711

1,476

615,809

970,996

Depreciation

At 1 March 2022

135,149

1,139

390,777

527,065

Charge for the year

17,676

184

31,342

49,202

Eliminated on disposal

-

-

(6,141)

(6,141)

At 28 February 2023

152,825

1,323

415,978

570,126

Carrying amount

At 28 February 2023

200,886

153

199,831

400,870

At 28 February 2022

218,562

337

204,911

423,810

Included within the net book value of land and buildings above is £200,886 (2022 - £218,562) in respect of freehold land and buildings.
 

5

Debtors

Current

2023
£

2022
£

Trade debtors

55,795

36,249

Prepayments

405

460

Other debtors

11,252

5,472

 

67,452

42,181

 

Blythe Bridge Hall Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

7

14,657

14,437

Trade creditors

 

48,598

29,977

Taxation and social security

 

14,051

4,178

Accruals and deferred income

 

3,199

3,200

Other creditors

 

12,000

12,000

 

92,505

63,792

Leases are secured against the assets to which they relate.

The Bounce Back Loan is 100% Government guaranteed.

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

24,966

39,621

Other creditors

 

310,875

374,276

 

335,841

413,897

Leases are secured against the assets to which they relate.

The Bounce Back Loan is 100% Government guaranteed.

 

Blythe Bridge Hall Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 28 February 2023 (continued)

7

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

10,000

10,000

HP and finance lease liabilities

4,657

4,437

14,657

14,437

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

24,167

34,167

HP and finance lease liabilities

799

5,454

24,966

39,621