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REGISTERED NUMBER: 00696072 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

FOR

MONKS GREEN FARM LIMITED

MONKS GREEN FARM LIMITED (REGISTERED NUMBER: 00696072)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MONKS GREEN FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: W Ashley





SECRETARY: W Ashley





REGISTERED OFFICE: 67 Newland Street
Witham
Essex
CM8 1AA





REGISTERED NUMBER: 00696072 (England and Wales)





ACCOUNTANTS: Wilson Devenish
67 Newland Street
Witham
Essex
CM8 1AA

MONKS GREEN FARM LIMITED (REGISTERED NUMBER: 00696072)

BALANCE SHEET
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 - 70
Investment property 5 5,200,000 5,200,000
5,200,000 5,200,070

CURRENT ASSETS
Debtors 6 12,089 5,283
Cash at bank 88,687 121,565
100,776 126,848
CREDITORS
Amounts falling due within one year 7 345,955 462,319
NET CURRENT LIABILITIES (245,179 ) (335,471 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,954,821

4,864,599

CREDITORS
Amounts falling due after more than one
year

8

(526,334

)

(526,334

)

PROVISIONS FOR LIABILITIES (818,060 ) (621,726 )
NET ASSETS 3,610,427 3,716,539

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Non-distributable reserve 9 2,867,751 2,867,751
Retained earnings 741,676 847,788
SHAREHOLDERS' FUNDS 3,610,427 3,716,539

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MONKS GREEN FARM LIMITED (REGISTERED NUMBER: 00696072)

BALANCE SHEET - continued
30 JUNE 2023


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 director and authorised for issue on 24 November 2023 and were signed by:





W Ashley - Director


MONKS GREEN FARM LIMITED (REGISTERED NUMBER: 00696072)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

Monks Green 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 as modified by the revaluation of certain assets.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
North Herts Farmers Trading Co - 70

MONKS GREEN FARM LIMITED (REGISTERED NUMBER: 00696072)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 5,200,000
NET BOOK VALUE
At 30 June 2023 5,200,000
At 30 June 2022 5,200,000

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2013 2,496,706
Valuation in 2016 292,770
Valuation in 2020 700,000
Cost 1,710,524
5,200,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,710,524 1,710,524

Investment property was valued on an open market basis on 30 June 2023 by William Ashley, director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 12,089 5,283

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 24,261 20,791
Other creditors 321,694 441,528
345,955 462,319

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 526,334 526,334

MONKS GREEN FARM LIMITED (REGISTERED NUMBER: 00696072)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

9. RESERVES
Non-distributable
reserve
£   
At 1 July 2022
and 30 June 2023 2,867,751