Company registration number 05574911 (England and Wales)
HUMPHREY FARMS LIMITED
Financial Statements
For The Year Ended 28 February 2023
Pages For Filing With Registrar
Humphrey Farms Limited
HUMPHREY FARMS LIMITED
Contents
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 13
Humphrey Farms Limited
HUMPHREY FARMS LIMITED
Balance Sheet
As At 28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
5
3,287,924
2,313,717
Investment property
6
18,728,518
3,102,370
Investments
7
1,582,477
10,622,182
23,598,919
16,038,269
Current assets
Debtors
9
457,703
954,947
Cash at bank and in hand
10,751,369
9,426,235
11,209,072
10,381,182
Creditors: amounts falling due within one year
10
(855,860)
(819,189)
Net current assets
10,353,212
9,561,993
Total assets less current liabilities
33,952,131
25,600,262
Creditors: amounts falling due after more than one year
11
(14,521,731)
(6,898,544)
Provisions for liabilities
Provisions
13
173,392
173,392
Deferred tax liability
14
171,460
161,225
(344,852)
(334,617)
Net assets
19,085,548
18,367,101
Capital and reserves
Called up share capital
15
63,000
63,000
Share premium account
2,574,721
2,574,721
Revaluation reserve
9,060,017
-
0
Profit and loss reserves
7,387,810
15,729,380
Total equity
19,085,548
18,367,101

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Humphrey Farms Limited
HUMPHREY FARMS LIMITED
Balance Sheet (Continued)
As At 28 February 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 20 November 2023 and are signed on its behalf by:
Mrs N Bream
Director
Company Registration No. 05574911
Humphrey Farms Limited
HUMPHREY FARMS LIMITED
Statement Of Changes In Equity
For The Year Ended 28 February 2023
- 3 -
Share capital
Share premium account
Revaluation reserve
Profit and loss reserves
Total
£
£
£
£
£
Balance at 27 February 2021
63,000
2,574,721
-
0
5,153,124
7,790,845
Year ended 26 February 2022:
Profit and total comprehensive income for the year
-
-
-
10,576,256
10,576,256
Balance at 26 February 2022
63,000
2,574,721
-
0
15,729,380
18,367,101
Year ended 28 February 2023:
Profit for the year
-
-
-
698,139
698,139
Other comprehensive income:
Revaluation of tangible fixed assets
-
-
9,060,017
-
9,060,017
Total comprehensive income for the year
-
-
9,060,017
698,139
9,758,156
Disposal of subsidiaries
-
-
-
(9,039,709)
(9,039,709)
Balance at 28 February 2023
63,000
2,574,721
9,060,017
7,387,810
19,085,548

The notes on pages 4 to 13 form part of these financial statements.

Humphrey Farms Limited
HUMPHREY FARMS LIMITED
Notes To The Financial Statements
For The Year Ended 28 February 2023
- 4 -
1
Accounting policies
Company information

Humphrey Farms Limited is a private company limited by shares incorporated in England and Wales. The registered office is Northfields Farm, Hazeley Road, Twyford, Winchester, Hampshire, England, SO21 1QA.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Humphrey Farms Limited
HUMPHREY FARMS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 28 February 2023
1
Accounting policies
(Continued)
- 5 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
Not depreciated
Plant and equipment
3 - 15 years

Assets in the course of construction are not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.6
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.7
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

 

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Humphrey Farms Limited
HUMPHREY FARMS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 28 February 2023
1
Accounting policies
(Continued)
- 6 -

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.8
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.10
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Humphrey Farms Limited
HUMPHREY FARMS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 28 February 2023
1
Accounting policies
(Continued)
- 7 -
1.11
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.12
Provisions

Provisions are recognised when the company has a legal or constructive present obligation as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

 

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

1.13
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.15
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Humphrey Farms Limited
HUMPHREY FARMS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 28 February 2023
1
Accounting policies
(Continued)
- 8 -

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
10
7
4
Directors' remuneration
2023
2022
£
£
Remuneration for qualifying services
378,417
-
0
Company pension contributions to defined contribution schemes
86,862
-
465,279
-
0
Remuneration disclosed above include the following amounts paid to the highest paid director:
2023
2022
£
£
Remuneration for qualifying services
103,312
-
Company pension contributions to defined contribution schemes
71,111
-
Humphrey Farms Limited
HUMPHREY FARMS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 28 February 2023
- 9 -
5
Tangible fixed assets
Freehold land and buildings
Assets under construction
Plant and equipment
Total
£
£
£
£
Cost
At 27 February 2022
1,221,112
604,157
1,000,548
2,825,817
Additions
-
0
1,626,174
151,045
1,777,219
Disposals
(12,580)
-
0
(36,144)
(48,724)
Revaluation
1,158,950
-
0
-
0
1,158,950
Transfers
-
0
(1,846,741)
(1,100)
(1,847,841)
At 28 February 2023
2,367,482
383,590
1,114,349
3,865,421
Depreciation and impairment
At 27 February 2022
-
0
-
0
512,100
512,100
Depreciation charged in the year
-
0
-
0
69,147
69,147
Eliminated in respect of disposals
-
0
-
0
(3,750)
(3,750)
At 28 February 2023
-
0
-
0
577,497
577,497
Carrying amount
At 28 February 2023
2,367,482
383,590
536,852
3,287,924
At 26 February 2022
1,221,112
604,157
488,448
2,313,717
6
Investment property
2023
£
Fair value
At 27 February 2022
4,880,080
Additions through external acquisition
6,149,750
Transfer from assets under construction
1,847,841
Net gains or losses through revaluation
7,901,067
Other changes
(2,050,220)
At 28 February 2023
18,728,518

Investment property comprises of commercial and residential let properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 28 February 2023 by Savills Chartered Surveyors, who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Humphrey Farms Limited
HUMPHREY FARMS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 28 February 2023
- 10 -
7
Fixed asset investments
2023
2022
Notes
£
£
Investments in subsidiaries
8
1,582,477
10,622,182
Movements in fixed asset investments
Shares in subsidiaries
£
Cost or valuation
At 27 February 2022
10,622,182
Disposals
(9,039,705)
At 28 February 2023
1,582,477
Carrying amount
At 28 February 2023
1,582,477
At 26 February 2022
10,622,182
8
Subsidiaries

Details of the company's subsidiaries at 28 February 2023 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Hazeley Developments Limited
Same as the company's
Ordinary £1
100.00
9
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
282,865
96,087
Amounts owed by group undertakings
-
0
350,000
Other debtors
91,751
127,932
Prepayments and accrued income
83,087
380,928
457,703
954,947
Humphrey Farms Limited
HUMPHREY FARMS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 28 February 2023
- 11 -
10
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
201,751
286,788
Corporation tax
28,989
63,585
Other taxation and social security
11,756
8,768
Other creditors
346,879
-
0
Accruals and deferred income
266,485
460,048
855,860
819,189
11
Creditors: amounts falling due after more than one year
2023
2022
Notes
£
£
Other borrowings
12
14,521,731
6,898,544
12
Loans and overdrafts
2023
2022
£
£
Other loans
14,521,731
6,898,544
Payable after one year
14,521,731
6,898,544

Other loans which become repayable from 31 December 2023 are in respect of loan notes issued to the shareholders in respect of the purchase of Humphrey Trading Limited. The loan notes are secured by way of a fixed mortgage dated 8 January 2014. Early repayments have been made in the current and previous years. During the year further loan notes were issued in respect of cash introduced by the shareholders which are secured by way of a floating charge over the assets of the company.

13
Provisions for liabilities
2023
2022
£
£
173,392
173,392

The company has provided £6,000 (2022 - £6,000) for farm restructuring costs resulting from a strategic review by the directors and £167,000 (2022 - £167,000) in respect of dilapidations to land on which a feed mill is situated.

Movements on provisions:
£
At 27 February 2022 and 28 February 2023
173,392
Humphrey Farms Limited
HUMPHREY FARMS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 28 February 2023
- 12 -
14
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the company and movements thereon:

Liabilities
Liabilities
2023
2022
Balances:
£
£
Accelerated capital allowances
171,460
161,225
2023
Movements in the year:
£
Liability at 27 February 2022
161,225
Charge to profit or loss
10,235
Liability at 28 February 2023
171,460
15
Share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
of £1 each
63,000
63,000
63,000
63,000
16
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Date of signing auditor's report:
24 November 2023
Senior Statutory Auditor:
Iain D Morris FCA
Statutory Auditor:
Chavereys Audit Limited
17
Operating lease commitments
Lessor

The company has a number of operating leases relating to its investment properties. The minimum rent receivables under non-cancellable operating leases are as follows:

Humphrey Farms Limited
HUMPHREY FARMS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 28 February 2023
17
Operating lease commitments
(Continued)
- 13 -

At the reporting end date the company had contracted with tenants for the following minimum lease payments:

2023
2022
£
£
Within one year
891,007
956,556
Between two and five years
1,041,823
1,315,527
1,932,830
2,272,083
18
Related party transactions

During the year then company traded with Hazeley Developments Limited (subsidiary) and transactions were at arm's length prices and in the normal course of business. At the year end £27,345 was due to the company and £11,485 from the company.

 

During the year the company acquired land and properties from The Humphrey Partnership, a partnership in which directors are partners for £6,100,000.

 

In addition to the loan notes detailed in note 16 the shareholders introduced further monies and the company paid expenses on their behalf. At the year end £151,338 was due to the shareholders.

2023-02-282022-02-27false24 November 2023CCH SoftwareCCH Accounts Production 2023.300No description of principal activityThis audit opinion is unqualifiedMr M C HumphreyMr N RichardsonMrs S L A AndrewsMr J P HumphreyN BreamMr D G FisonMrs N Breamfalse055749112022-02-272023-02-28055749112023-02-28055749112022-02-2605574911core:LandBuildingscore:OwnedOrFreeholdAssets2023-02-2805574911core:ConstructionInProgressAssetsUnderConstruction2023-02-2805574911core:PlantMachinery2023-02-2805574911core:LandBuildingscore:OwnedOrFreeholdAssets2022-02-2605574911core:ConstructionInProgressAssetsUnderConstruction2022-02-2605574911core:PlantMachinery2022-02-2605574911core:CurrentFinancialInstrumentscore:WithinOneYear2023-02-2805574911core:CurrentFinancialInstrumentscore:WithinOneYear2022-02-2605574911core:Non-currentFinancialInstrumentscore:AfterOneYear2023-02-2805574911core:Non-currentFinancialInstrumentscore:AfterOneYear2022-02-2605574911core:CurrentFinancialInstruments2023-02-2805574911core:CurrentFinancialInstruments2022-02-2605574911core:ShareCapital2023-02-2805574911core:ShareCapital2022-02-2605574911core:SharePremium2023-02-2805574911core:SharePremium2022-02-2605574911core:RevaluationReserve2023-02-2805574911core:RevaluationReserve2022-02-2605574911core:RetainedEarningsAccumulatedLosses2023-02-2805574911core:RetainedEarningsAccumulatedLosses2022-02-2605574911core:ShareCapital2021-02-2605574911core:SharePremium2021-02-2605574911core:RevaluationReserve2021-02-2605574911core:RetainedEarningsAccumulatedLosses2021-02-2605574911bus:CompanySecretaryDirector12022-02-272023-02-2805574911core:RetainedEarningsAccumulatedLosses2021-02-272022-02-26055749112021-02-272022-02-2605574911core:RetainedEarningsAccumulatedLosses2022-02-272023-02-2805574911core:RevaluationReserve2022-02-272023-02-2805574911core:LandBuildingscore:OwnedOrFreeholdAssets2022-02-272023-02-2805574911core:PlantMachinery2022-02-272023-02-2805574911core:ConstructionInProgressAssetsUnderConstruction2022-02-272023-02-2805574911core:LandBuildingscore:OwnedOrFreeholdAssets2022-02-2605574911core:ConstructionInProgressAssetsUnderConstruction2022-02-2605574911core:PlantMachinery2022-02-26055749112022-02-2605574911core:Non-currentFinancialInstruments2023-02-2805574911core:Non-currentFinancialInstruments2022-02-2605574911core:AcceleratedTaxDepreciationDeferredTax2023-02-2805574911core:AcceleratedTaxDepreciationDeferredTax2022-02-2605574911core:WithinOneYear2023-02-2805574911core:WithinOneYear2022-02-2605574911core:BetweenTwoFiveYears2023-02-2805574911core:BetweenTwoFiveYears2022-02-2605574911core:Subsidiary12022-02-272023-02-2805574911core:Subsidiary12023-02-2805574911core:Subsidiary12022-02-2605574911bus:PrivateLimitedCompanyLtd2022-02-272023-02-2805574911bus:SmallCompaniesRegimeForAccounts2022-02-272023-02-2805574911bus:FRS1022022-02-272023-02-2805574911bus:Audited2022-02-272023-02-2805574911bus:Director12022-02-272023-02-2805574911bus:Director22022-02-272023-02-2805574911bus:Director32022-02-272023-02-2805574911bus:Director42022-02-272023-02-2805574911bus:Director52022-02-272023-02-2805574911bus:Director62022-02-272023-02-2805574911bus:CompanySecretary12022-02-272023-02-2805574911bus:FullAccounts2022-02-272023-02-28xbrli:purexbrli:sharesiso4217:GBP