2022-03-012023-02-282023-02-28false13273230FLINT OWL FARMS LTD2023-11-1501130iso4217:GBPxbrli:pure132732302022-03-01132732302023-02-28132732302022-03-012023-02-28132732302021-03-17132732302022-02-28132732302021-03-172022-02-2813273230bus:SmallEntities2022-03-012023-02-2813273230bus:AuditExempt-NoAccountantsReport2022-03-012023-02-2813273230bus:FullAccounts2022-03-012023-02-2813273230bus:PrivateLimitedCompanyLtd2022-03-012023-02-2813273230core:WithinOneYear2023-02-2813273230core:AfterOneYear2023-02-2813273230core:WithinOneYear2022-02-2813273230core:AfterOneYear2022-02-2813273230core:ShareCapital2023-02-2813273230core:SharePremium2023-02-2813273230core:RevaluationReserve2023-02-2813273230core:OtherReservesSubtotal2023-02-2813273230core:RetainedEarningsAccumulatedLosses2023-02-2813273230core:ShareCapital2022-02-2813273230core:SharePremium2022-02-2813273230core:RevaluationReserve2022-02-2813273230core:OtherReservesSubtotal2022-02-2813273230core:RetainedEarningsAccumulatedLosses2022-02-2813273230core:LandBuildings2023-02-2813273230core:PlantMachinery2023-02-2813273230core:Vehicles2023-02-2813273230core:FurnitureFittings2023-02-2813273230core:OfficeEquipment2023-02-2813273230core:NetGoodwill2023-02-2813273230core:IntangibleAssetsOtherThanGoodwill2023-02-2813273230core:ListedExchangeTraded2023-02-2813273230core:UnlistedNon-exchangeTraded2023-02-2813273230core:LandBuildings2022-02-2813273230core:PlantMachinery2022-02-2813273230core:Vehicles2022-02-2813273230core:FurnitureFittings2022-02-2813273230core:OfficeEquipment2022-02-2813273230core:NetGoodwill2022-02-2813273230core:IntangibleAssetsOtherThanGoodwill2022-02-2813273230core:ListedExchangeTraded2022-02-2813273230core:UnlistedNon-exchangeTraded2022-02-2813273230core:LandBuildings2022-03-012023-02-2813273230core:PlantMachinery2022-03-012023-02-2813273230core:Vehicles2022-03-012023-02-2813273230core:FurnitureFittings2022-03-012023-02-2813273230core:OfficeEquipment2022-03-012023-02-2813273230core:NetGoodwill2022-03-012023-02-2813273230core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2813273230core:ListedExchangeTraded2022-03-012023-02-2813273230core:UnlistedNon-exchangeTraded2022-03-012023-02-2813273230core:MoreThanFiveYears2022-03-012023-02-2813273230core:Non-currentFinancialInstruments2023-02-2813273230core:Non-currentFinancialInstruments2022-02-2813273230dpl:CostSales2022-03-012023-02-2813273230dpl:DistributionCosts2022-03-012023-02-2813273230core:LandBuildings2022-03-012023-02-2813273230core:PlantMachinery2022-03-012023-02-2813273230core:Vehicles2022-03-012023-02-2813273230core:FurnitureFittings2022-03-012023-02-2813273230core:OfficeEquipment2022-03-012023-02-2813273230dpl:AdministrativeExpenses2022-03-012023-02-2813273230core:NetGoodwill2022-03-012023-02-2813273230core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2813273230dpl:GroupUndertakings2022-03-012023-02-2813273230dpl:ParticipatingInterests2022-03-012023-02-2813273230dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2813273230core:ListedExchangeTraded2022-03-012023-02-2813273230dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2813273230core:UnlistedNon-exchangeTraded2022-03-012023-02-2813273230dpl:CostSales2021-03-172022-02-2813273230dpl:DistributionCosts2021-03-172022-02-2813273230core:LandBuildings2021-03-172022-02-2813273230core:PlantMachinery2021-03-172022-02-2813273230core:Vehicles2021-03-172022-02-2813273230core:FurnitureFittings2021-03-172022-02-2813273230core:OfficeEquipment2021-03-172022-02-2813273230dpl:AdministrativeExpenses2021-03-172022-02-2813273230core:NetGoodwill2021-03-172022-02-2813273230core:IntangibleAssetsOtherThanGoodwill2021-03-172022-02-2813273230dpl:GroupUndertakings2021-03-172022-02-2813273230dpl:ParticipatingInterests2021-03-172022-02-2813273230dpl:GroupUndertakingscore:ListedExchangeTraded2021-03-172022-02-2813273230core:ListedExchangeTraded2021-03-172022-02-2813273230dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-03-172022-02-2813273230core:UnlistedNon-exchangeTraded2021-03-172022-02-2813273230core:NetGoodwill2023-02-2813273230core:IntangibleAssetsOtherThanGoodwill2023-02-2813273230core:LandBuildings2023-02-2813273230core:PlantMachinery2023-02-2813273230core:Vehicles2023-02-2813273230core:FurnitureFittings2023-02-2813273230core:OfficeEquipment2023-02-2813273230core:AfterOneYear2023-02-2813273230core:WithinOneYear2023-02-2813273230core:ListedExchangeTraded2023-02-2813273230core:UnlistedNon-exchangeTraded2023-02-2813273230core:ShareCapital2023-02-2813273230core:SharePremium2023-02-2813273230core:RevaluationReserve2023-02-2813273230core:OtherReservesSubtotal2023-02-2813273230core:RetainedEarningsAccumulatedLosses2023-02-2813273230core:NetGoodwill2022-02-2813273230core:IntangibleAssetsOtherThanGoodwill2022-02-2813273230core:LandBuildings2022-02-2813273230core:PlantMachinery2022-02-2813273230core:Vehicles2022-02-2813273230core:FurnitureFittings2022-02-2813273230core:OfficeEquipment2022-02-2813273230core:AfterOneYear2022-02-2813273230core:WithinOneYear2022-02-2813273230core:ListedExc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FLINT OWL FARMS LTD

Registered Number
13273230
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2023

FLINT OWL FARMS LTD
Company Information
for the year from 1 March 2022 to 28 February 2023

Director

BLAND, David Matthew

Registered Address

Unit 1 The Old Dairy
Glynde
BN8 6SJ

Registered Number

13273230 (England and Wales)
FLINT OWL FARMS LTD
Balance Sheet as at
28 February 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets510,6784,535
10,6784,535
Current assets
Debtors73,0003,000
Cash at bank and on hand1856,168
3,1859,168
Creditors amounts falling due within one year8(56,030)(38,496)
Net current assets (liabilities)(52,845)(29,328)
Total assets less current liabilities(42,167)(24,793)
Net assets(42,167)(24,793)
Capital and reserves
Called up share capital100100
Profit and loss account(42,267)(24,893)
Shareholders' funds(42,167)(24,793)
The financial statements were approved and authorised for issue by the Director on 15 November 2023, and are signed on its behalf by:
BLAND, David Matthew
Director
Registered Company No. 13273230
FLINT OWL FARMS LTD
Notes to the Financial Statements
for the year ended 28 February 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Fixtures and fittings25
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
Going concern
These financial statements have been prepared on the basis that the company will continue to be a going concern. At the year end the current liabilities exceeded current assets by £52,845. The validity of this basis depends upon the continued support of the company's director. The director confirms that they will give the required support.
4.Employee information

20232022
Average number of employees during the year21
5.Property, plant and equipment

Plant & machinery

Fixtures & fittings

Total

£££
Cost or valuation
At 01 March 221,6944,1895,883
Additions9,702-9,702
At 28 February 2311,3964,18915,585
Depreciation and impairment
At 01 March 223889601,348
Charge for year2,7528073,559
At 28 February 233,1401,7674,907
Net book value
At 28 February 238,2562,42210,678
At 28 February 221,3063,2294,535
6.Description of nature of transactions and balances with related parties
The company has taken advantage of the exemption under FRS 102 1AC.35 whereby particulars need not be given for related party transactions concluded under normal market conditions, or transactions entered into between two or more members of a group, provided that any subsidiary which is party to the transactions is wholly-owned by such a member.
7.Debtors

2023

2022

££
Prepayments and accrued income3,0003,000
Total3,0003,000
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
8.Creditors within one year

2023

2022

££
Trade creditors / trade payables4,8073,595
Taxation and social security3,4184,797
Other creditors47,80530,104
Total56,03038,496
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.