REGISTERED NUMBER: |
S.H. BROWN (FARMS) LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
5 APRIL 2023 |
REGISTERED NUMBER: |
S.H. BROWN (FARMS) LIMITED |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED |
5 APRIL 2023 |
S.H. BROWN (FARMS) LIMITED (REGISTERED NUMBER: 01099192) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5 APRIL 2023 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
S.H. BROWN (FARMS) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 5 APRIL 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
S.H. BROWN (FARMS) LIMITED (REGISTERED NUMBER: 01099192) |
ABRIDGED BALANCE SHEET |
5 APRIL 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
5 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 7 |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
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. |
S.H. BROWN (FARMS) LIMITED (REGISTERED NUMBER: 01099192) |
ABRIDGED BALANCE SHEET - continued |
5 APRIL 2023 |
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 |
S.H. BROWN (FARMS) LIMITED (REGISTERED NUMBER: 01099192) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 5 APRIL 2023 |
1. | STATUTORY INFORMATION |
S.H. Brown (Farms) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis, notwithstanding the net current liabilities of £73,150. The directors expect the company to remain a going concern given the continuing support of the bank, related company and the directors themselves. |
Turnover |
Turnover 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 |
Land and buildings | - |
Plant and machinery etc | - |
Stocks |
Stocks are stated at the lower of cost and net realisable value. Cost is computed on the first in first out basis. The cost of work in progress and finished goods includes all production overheads and depreciation and the attributable proportion of indirect overheads based on normal level of activity. Net realisable value is based on estimated selling price less the estimated cost of disposal. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
S.H. BROWN (FARMS) LIMITED (REGISTERED NUMBER: 01099192) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 5 APRIL 2023 |
4. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST OR VALUATION |
At 6 April 2022 |
Additions |
At 5 April 2023 |
DEPRECIATION |
At 6 April 2022 |
Charge for year |
At 5 April 2023 |
NET BOOK VALUE |
At 5 April 2023 |
At 5 April 2022 |
Cost or valuation at 5 April 2023 is represented by: |
Totals |
£ |
Valuation in 2016 | 755,277 |
Cost | 789,075 |
1,544,352 |
If leasehold land and buildings had not been revalued they would have been included at the following historical cost: |
2023 | 2022 |
£ | £ |
Cost | 353,751 | 353,751 |
Aggregate depreciation | 310,695 | 310,695 |
Leasehold land and buildings were valued on a continuing use basis on 5 April 2016 by the directors . |
5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
2023 | 2022 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal | 713,213 | 755,706 |
S.H. BROWN (FARMS) LIMITED (REGISTERED NUMBER: 01099192) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 5 APRIL 2023 |
6. | SECURED DEBTS |
The following secured debts are included within creditors: |
2023 | 2022 |
£ | £ |
Bank overdrafts |
Bank loans |
The Directors have given personal guarantees as security on the company's overdraft and bank loan as at 5 April 2023. |
7. | RESERVES |
Revaluation |
reserve |
£ |
At 6 April 2022 |
Property revaluation |
depreciation | (10,062 | ) |
Deferred tax on revaluations | (34,037 | ) |
At 5 April 2023 |
8. | RELATED PARTY DISCLOSURES |
Included in other creditors is a balance of £102,446 (2022: £121,791) due to the directors. The loan is interest free and has no formal repayment terms. |
9. | CONTROLLING PARTY |
The controlling party for the company during the financial year was S H Brown by virtue of his ownership of 100% of the issued share capital of the company. On 3 May 2023 these shares transferred to the executors of S H Brown. |