REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 30 NOVEMBER 2021 TO 28 FEBRUARY 2023 |
FOR |
NEW BARN FARM (DORSET) TWO LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 30 NOVEMBER 2021 TO 28 FEBRUARY 2023 |
FOR |
NEW BARN FARM (DORSET) TWO LTD |
NEW BARN FARM (DORSET) TWO LTD (REGISTERED NUMBER: 13097874) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 30 NOVEMBER 2021 TO 28 FEBRUARY 2023 |
Page |
Balance sheet | 1 |
Notes to the financial statements | 2 |
NEW BARN FARM (DORSET) TWO LTD (REGISTERED NUMBER: 13097874) |
BALANCE SHEET |
28 FEBRUARY 2023 |
2023 | 2021 |
Notes | £ | £ | £ | £ |
Fixed assets |
Investment property | 4 |
Creditors |
Amounts falling due within one year | 5 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year | 6 | ( |
) | ( |
) |
Provisions for liabilities | 8 | ( |
) | ( |
) |
Net liabilities | ( |
) | ( |
) |
Capital and reserves |
Called up share capital | 9 |
Retained earnings | ( |
) | ( |
) |
Shareholders' funds | ( |
) | ( |
) |
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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of comprehensive income has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
NEW BARN FARM (DORSET) TWO LTD (REGISTERED NUMBER: 13097874) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 30 NOVEMBER 2021 TO 28 FEBRUARY 2023 |
1. | Statutory information |
New Barn Farm (Dorset) Two Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 13097874. The registered office is 7 & 8 Church Street, Wimborne, Dorset, England, BH21 1JH and business address is New Barn Farm, Knowlton, Wimborne, BH21 5AE. |
The companies year end was extended to the 28 February 2023 and therefore the comparative period is not entirely comparable. |
2. | Accounting policies |
Basis of preparing the financial statements |
The Company has made a loss during the period and has a deficiency of assets at the period end of £39,412. The Company is dependent upon the continued support of its director, parent company and external lenders, who have confirmed their support of the Company over the next 12 months, in order that it can meet its day to day working capital requirements |
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 period period 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 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 period 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. |
Financial instruments |
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities. |
At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate. |
Group accounts |
The financial statements present information about the company as an individual undertaking and not about its group. The company and its parent and fellow subsidiaries comprise a small-sized group. The group has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts. |
3. | Employees and directors |
The average number of employees during the period was |
NEW BARN FARM (DORSET) TWO LTD (REGISTERED NUMBER: 13097874) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 30 NOVEMBER 2021 TO 28 FEBRUARY 2023 |
4. | Investment property |
Total |
£ |
Fair value |
At 30 November 2021 |
and 28 February 2023 |
Net book value |
At 28 February 2023 |
At 29 November 2021 |
Investment property was valued at the period end by the Director, taking into account similar properties in the region. |
5. | Creditors: amounts falling due within one year |
2023 | 2021 |
£ | £ |
Amounts owed to group undertakings |
6. | Creditors: amounts falling due after more than one year |
2023 | 2021 |
£ | £ |
Other loans - 2-5 years |
7. | Secured debts |
The following secured debts are included within creditors: |
2023 | 2021 |
£ | £ |
Other loans |
All monies due to or to become due to Octane Property Finance 4 Limited are secured by way of a fixed and floating charge over all the property or undertaking of the company, dated 3 June 2021. |
All monies due to or to become due to Grahame Phillip Gibson are secured by way of a fixed and floating charge over all the property or undertaking of the company, dated 3 June 2021. |
All monies due to or to become due to Romaco SPV 2 Ltd are secured by way of a fixed and floating charge over all the property or undertaking of the company, dated 10 February 2023. |
8. | Provisions for liabilities |
2023 | 2021 |
£ | £ |
Deferred tax | 27,046 | 22,957 |
Deferred |
tax |
£ |
Balance at 30 November 2021 |
Charge to Income statement during period |
Balance at 28 February 2023 |
NEW BARN FARM (DORSET) TWO LTD (REGISTERED NUMBER: 13097874) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 30 NOVEMBER 2021 TO 28 FEBRUARY 2023 |
9. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2021 |
value: | £ | £ |
Ordinary | £1 | 100 | 100 |
10. | Ultimate controlling party |
The company is ultimately controlled by the director Mr L Matthews, by virtue of his 100% holding in the voting share capital of the parent company, New Barn Farm (Dorset) Limited. |