Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-28falsetrue2022-03-01The principal activity of the Company during the period was the rental of residential property and equine facilities.11falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10607336 2022-03-01 2023-02-28 10607336 2021-03-01 2022-02-28 10607336 2023-02-28 10607336 2022-02-28 10607336 c:Director1 2022-03-01 2023-02-28 10607336 d:PlantMachinery 2022-03-01 2023-02-28 10607336 d:PlantMachinery 2023-02-28 10607336 d:PlantMachinery 2022-02-28 10607336 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 10607336 d:OfficeEquipment 2022-03-01 2023-02-28 10607336 d:OfficeEquipment 2023-02-28 10607336 d:OfficeEquipment 2022-02-28 10607336 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 10607336 d:ComputerEquipment 2022-03-01 2023-02-28 10607336 d:ComputerEquipment 2023-02-28 10607336 d:ComputerEquipment 2022-02-28 10607336 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 10607336 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 10607336 d:FreeholdInvestmentProperty 2023-02-28 10607336 d:FreeholdInvestmentProperty 2022-02-28 10607336 d:CurrentFinancialInstruments 2023-02-28 10607336 d:CurrentFinancialInstruments 2022-02-28 10607336 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 10607336 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 10607336 d:ShareCapital 2023-02-28 10607336 d:ShareCapital 2022-02-28 10607336 d:RetainedEarningsAccumulatedLosses 2023-02-28 10607336 d:RetainedEarningsAccumulatedLosses 2022-02-28 10607336 c:OrdinaryShareClass1 2022-03-01 2023-02-28 10607336 c:OrdinaryShareClass1 2023-02-28 10607336 c:OrdinaryShareClass1 2022-02-28 10607336 c:FRS102 2022-03-01 2023-02-28 10607336 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 10607336 c:FullAccounts 2022-03-01 2023-02-28 10607336 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10607336









BELSAR'S HILL STUD AND FARM LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
BELSAR'S HILL STUD AND FARM LTD
REGISTERED NUMBER: 10607336

BALANCE SHEET
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
146,449
114,299

Investment property
 5 
1,416,820
1,416,820

  
1,563,269
1,531,119

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 6 
8,784
6,863

Cash at bank and in hand
  
10,001
1,452

  
18,785
8,315

Creditors: amounts falling due within one year
 7 
(2,241,792)
(2,096,609)

NET CURRENT LIABILITIES
  
 
 
(2,223,007)
 
 
(2,088,294)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(659,738)
(557,175)

  

NET LIABILITIES
  
(659,738)
(557,175)


CAPITAL AND RESERVES
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(659,739)
(557,176)

  
(659,738)
(557,175)


The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
Page 1

 
BELSAR'S HILL STUD AND FARM LTD
REGISTERED NUMBER: 10607336
    
BALANCE SHEET (CONTINUED)
AS AT 28 FEBRUARY 2023


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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



M J Hunter
Director

Date: 24 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BELSAR'S HILL STUD AND FARM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


GENERAL INFORMATION

Belsar's Hill Stud and Farm Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is 24 Wordsworth Grove, Cambridge, CB24 5JN.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The Company had net liabilities of £659,352 as at 28 February 2023 (2022 - £557,175). The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive the financial support from its shareholder to provide sufficient funds to enable it to meet its liabilities as they fall due.

 
2.3

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Equine equipment
-
10%
straight-line
Office and household equipment
-
20%
straight-line
Computer equipment
-
20%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by the director and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Page 3

 
BELSAR'S HILL STUD AND FARM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.ACCOUNTING POLICIES (CONTINUED)

 
2.5

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 1 (2022 -1).

Page 4

 
BELSAR'S HILL STUD AND FARM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


TANGIBLE FIXED ASSETS





Equine equipment
Office and household equipment
Computer equipment
Total

£
£
£
£



COST OR VALUTATION


At 1 March 2022
219,566
279
-
219,845


Additions
53,333
-
717
54,050



At 28 February 2023

272,899
279
717
273,895



DEPRECIATION


At 1 March 2022
105,267
279
-
105,546


Charge for the year on owned assets
21,757
-
143
21,900



At 28 February 2023

127,024
279
143
127,446



NET BOOK VALUE



At 28 February 2023
145,875
-
574
146,449



At 28 February 2022
114,299
-
-
114,299


5.


INVESTMENT PROPERTY


Freehold investment property

£



VALUATION


At 1 March 2022
1,416,820



AT 28 FEBRUARY 2023
1,416,820

The 2023 valuations were made by the director, on an open market value for existing use basis, based on professional advice received.

In the opinion of the director, the cost of the investment property does not differ materially from its market value.



Page 5

 
BELSAR'S HILL STUD AND FARM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


DEBTORS

2023
2022
£
£


Other debtors
998
1,915

Prepayments and accrued income
7,786
4,948

8,784
6,863



7.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023
2022
£
£

Trade creditors
9,968
7,177

Other creditors
2,228,669
2,086,122

Accruals and deferred income
3,155
3,310

2,241,792
2,096,609



8.


SHARE CAPITAL

2023
2022
£
£
ALLOTTED, CALLED UP AND FULLY PAID



100 (2022 -100) Ordinary shares of £0.01 each
1
1


 
Page 6