REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
9TH MAY 2022 TO 31ST MAY 2023 |
FOR |
LOWER SKENCHILL FARM LTD |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
9TH MAY 2022 TO 31ST MAY 2023 |
FOR |
LOWER SKENCHILL FARM LTD |
LOWER SKENCHILL FARM LTD (REGISTERED NUMBER: 14095713) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 9TH MAY 2022 TO 31ST MAY 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
LOWER SKENCHILL FARM LTD |
COMPANY INFORMATION |
FOR THE PERIOD 9TH MAY 2022 TO 31ST MAY 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Pembroke House |
Llantarnam Park Way |
Cwmbran |
Torfaen |
NP44 3AU |
LOWER SKENCHILL FARM LTD (REGISTERED NUMBER: 14095713) |
BALANCE SHEET |
31ST MAY 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 6 |
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. |
LOWER SKENCHILL FARM LTD (REGISTERED NUMBER: 14095713) |
BALANCE SHEET - continued |
31ST MAY 2023 |
The financial statements were approved by the Board of Directors and authorised for issue on |
LOWER SKENCHILL FARM LTD (REGISTERED NUMBER: 14095713) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 9TH MAY 2022 TO 31ST MAY 2023 |
1. | STATUTORY INFORMATION |
Lower Skenchill Farm Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Freehold property | - |
Plant and machinery | - |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss, 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 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
LOWER SKENCHILL FARM LTD (REGISTERED NUMBER: 14095713) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 9TH MAY 2022 TO 31ST MAY 2023 |
4. | TANGIBLE FIXED ASSETS |
Freehold | Plant and |
property | machinery | Totals |
£ | £ | £ |
COST |
Additions |
At 31st May 2023 |
DEPRECIATION |
Charge for period |
At 31st May 2023 |
NET BOOK VALUE |
At 31st May 2023 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Social security and other taxes |
Directors' current accounts |
Accrued expenses |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | £1 | 2 |
2 Ordinary shares of £1 were issued during the period |
7. | RELATED PARTY DISCLOSURES |
The company had an outstanding directors loan account at the year end due to S Kirk of £153,525. |
8. | GOING CONCERN |
After reviewing the company's forecasts and projections, the director has 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 preparing its financial statements. |