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REGISTERED NUMBER: 03336389 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 March 2023

for

Furtho Farm Limited

Furtho Farm Limited (Registered number: 03336389)

Contents of the Financial Statements
For The Year Ended 31 March 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Furtho Farm Limited

Company Information
For The Year Ended 31 March 2023







DIRECTORS: Mrs L J Welton
Mr R M Welton



SECRETARY: Mrs L J Welton



REGISTERED OFFICE: Furtho Manor Farm
Northampton Road
Old Stratford
Milton Keynes
MK19 6NR



REGISTERED NUMBER: 03336389 (England and Wales)



ACCOUNTANTS: Harris & Clarke LLP
7 Billing Road
Northampton
NORTHAMPTONSHIRE
NN1 5AN



BANKERS: National Westminister Bank PLC
PO Box 21
41 The Drapery
Northampton
NN1 2EY

Furtho Farm Limited (Registered number: 03336389)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 240,245 256,662
Investments 5 6 6
240,251 256,668

CURRENT ASSETS
Stocks 49,784 57,692
Debtors 6 2,418 3,337
Cash at bank 475,884 289,890
528,086 350,919
CREDITORS
Amounts falling due within one year 7 146,380 136,677
NET CURRENT ASSETS 381,706 214,242
TOTAL ASSETS LESS CURRENT
LIABILITIES

621,957

470,910

CREDITORS
Amounts falling due after more than one year 8 (4,353 ) -

PROVISIONS FOR LIABILITIES (12,771 ) (15,429 )
NET ASSETS 604,833 455,481

Furtho Farm Limited (Registered number: 03336389)

Balance Sheet - continued
31 March 2023

2023 2022
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 383,440 383,440
Retained earnings 221,293 71,941
604,833 455,481

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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

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 25 October 2023 and were signed on its behalf by:





Mr R M Welton - Director


Furtho Farm Limited (Registered number: 03336389)

Notes to the Financial Statements
For The Year Ended 31 March 2023


1. STATUTORY INFORMATION

Furtho Farm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 15% on reducing balance and 10% on reducing balance
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Furtho Farm Limited (Registered number: 03336389)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 418,900 1,036,555 1,455,455
Additions - 16,164 16,164
At 31 March 2023 418,900 1,052,719 1,471,619
DEPRECIATION
At 1 April 2022 370,308 828,485 1,198,793
Charge for year 2,430 30,151 32,581
At 31 March 2023 372,738 858,636 1,231,374
NET BOOK VALUE
At 31 March 2023 46,162 194,083 240,245
At 31 March 2022 48,592 208,070 256,662

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Reclassification/transfer 33,526
At 31 March 2023 33,526
DEPRECIATION
Charge for year 6,287
Reclassification/transfer 8,381
At 31 March 2023 14,668
NET BOOK VALUE
At 31 March 2023 18,858

Furtho Farm Limited (Registered number: 03336389)

Notes to the Financial Statements - continued
For The Year Ended 31 March 2023


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022
and 31 March 2023 6
NET BOOK VALUE
At 31 March 2023 6
At 31 March 2022 6

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 533 -
Other debtors 1,885 3,337
2,418 3,337

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 4,354 13,065
Trade creditors 10,303 15,469
Taxation and social security 43,766 25,773
Other creditors 87,957 82,370
146,380 136,677

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 4,353 -