BELLTOWN FARMS LIMITED

Company Registration Number:
09711863 (England and Wales)

Unaudited statutory accounts for the year ended 31 March 2023

Period of accounts

Start date: 1 April 2022

End date: 31 March 2023

BELLTOWN FARMS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

BELLTOWN FARMS LIMITED

Directors' report period ended 31 March 2023

The directors present their report with the financial statements of the company for the period ended 31 March 2023

Principal activities of the company

Principal activity was the provision of scientific, technical and other consultancy services to the farming industry.



Directors

The directors shown below have held office during the whole of the period from
1 April 2022 to 31 March 2023

Peter Tom Hill-Norton
Michael Kaplan
Seth Tabatznik


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
22 December 2023

And signed on behalf of the board by:
Name: Peter Tom Hill-Norton
Status: Director

BELLTOWN FARMS LIMITED

Profit And Loss Account

for the Period Ended 31 March 2023

2023 2022


£

£
Turnover: 797,460 643,782
Cost of sales: 0 0
Gross profit(or loss): 797,460 643,782
Administrative expenses: ( 769,899 ) ( 660,116 )
Operating profit(or loss): 27,561 (16,334)
Profit(or loss) before tax: 27,561 (16,334)
Tax: 3,609
Profit(or loss) for the financial year: 31,170 (16,334)

BELLTOWN FARMS LIMITED

Balance sheet

As at 31 March 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 1,496 3,499
Investments: 4 385,137 385,137
Total fixed assets: 386,633 388,636
Current assets
Debtors: 5 771,595 676,585
Total current assets: 771,595 676,585
Creditors: amounts falling due within one year: 6 ( 417,534 ) ( 281,202 )
Net current assets (liabilities): 354,061 395,383
Total assets less current liabilities: 740,694 784,019
Creditors: amounts falling due after more than one year: 7 ( 1,160,828 ) ( 1,235,323 )
Total net assets (liabilities): (420,134) (451,304)
Capital and reserves
Called up share capital: 1 1
Share premium account: 0 0
Profit and loss account: (420,135 ) (451,305 )
Total Shareholders' funds: ( 420,134 ) (451,304)

The notes form part of these financial statements

BELLTOWN FARMS LIMITED

Balance sheet statements

For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 22 December 2023
and signed on behalf of the board by:

Name: Peter Tom Hill-Norton
Status: Director

The notes form part of these financial statements

BELLTOWN FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

    Other accounting policies

    Fixed Asset Investments Fixed asset investments are stated at cost less provision for any permanent diminution in value.Foreign Currency Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the statement of financial position date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the income statement.TaxationTaxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Current and deferred tax assets and liabilities are not discounted.Going concern basisAfter reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its consolidated financial statements

BELLTOWN FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 4 2

BELLTOWN FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2022 4,765 4,765
Additions 564 564
Disposals 0 0
Revaluations 0 0
Transfers 0 0
At 31 March 2023 5,329 5,329
Depreciation
At 1 April 2022 1,266 1,266
Charge for year 2,567 2,567
On disposals
Other adjustments
At 31 March 2023 3,833 3,833
Net book value
At 31 March 2023 1,496 1,496
At 31 March 2022 3,499 3,499

BELLTOWN FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

4. Fixed assets investments note

Other Investments other than loans. At 01 April 2022 385,137Additions 0Disposals 0At 31st March 2023 385,137

BELLTOWN FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

5. Debtors

2023 2022
£ £
Trade debtors 2,453 0
Prepayments and accrued income 1,341 2,797
Other debtors 767,801 673,788
Total 771,595 676,585

BELLTOWN FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 256,676 222,060
Taxation and social security 0 12,359
Accruals and deferred income 160,858 46,783
Total 417,534 281,202

BELLTOWN FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2023

7. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Other creditors 1,160,828 1,235,323
Total 1,160,828 1,235,323