IRIS Accounts Production v23.3.1.45 05935754 director 1.10.22 30.9.23 30.9.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh059357542022-09-30059357542023-09-30059357542022-10-012023-09-30059357542021-09-30059357542021-10-012022-09-30059357542022-09-3005935754ns10:Originalns15:EnglandWales2022-10-012023-09-3005935754ns14:PoundSterlingns10:Original2022-10-012023-09-3005935754ns10:Originalns10:Director12022-10-012023-09-3005935754ns10:Original2022-10-012023-09-3005935754ns10:Original2023-09-3005935754ns10:Originalns10:PrivateLimitedCompanyLtd2022-10-012023-09-3005935754ns10:Originalns10:SmallEntities2022-10-012023-09-3005935754ns10:Originalns10:AuditExempt-NoAccountantsReport2022-10-012023-09-3005935754ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3005935754ns10:SmallCompaniesRegimeForAccountsns10:Original2022-10-012023-09-3005935754ns10:Originalns10:FullAccounts2022-10-012023-09-3005935754ns10:Originalns10:OrdinaryShareClass12022-10-012023-09-3005935754ns10:CompanySecretary1ns10:Original2022-10-012023-09-3005935754ns10:Originalns10:RegisteredOffice2022-10-012023-09-3005935754ns10:Original2022-09-3005935754ns10:Originalns5:CurrentFinancialInstruments2023-09-3005935754ns10:Originalns5:CurrentFinancialInstruments2022-09-3005935754ns5:ShareCapitalns10:Original2023-09-3005935754ns5:ShareCapitalns10:Original2022-09-3005935754ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-09-3005935754ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-09-3005935754ns5:ShareCapitalns10:Original2021-09-3005935754ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-09-3005935754ns10:Original2021-09-3005935754ns10:Originalns5:RetainedEarningsAccumulatedLosses2021-10-012022-09-3005935754ns10:Original2021-10-012022-09-3005935754ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-10-012023-09-3005935754ns10:Originalns5:LandBuildings2022-09-3005935754ns10:Originalns5:PlantMachinery2022-09-3005935754ns10:Original2022-09-3005935754ns10:Originalns5:LandBuildings2022-10-012023-09-3005935754ns10:Originalns5:PlantMachinery2022-10-012023-09-3005935754ns10:Originalns5:LandBuildings2023-09-3005935754ns10:Originalns5:PlantMachinery2023-09-3005935754ns10:Originalns5:LandBuildings2022-09-3005935754ns10:Originalns5:PlantMachinery2022-09-3005935754ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3005935754ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-3005935754ns10:Originalns10:OrdinaryShareClass12023-09-3005935754ns10:OrdinaryShareClass12022-10-012023-09-3005935754ns10:OrdinaryShareClass12021-10-012022-09-30
REGISTERED NUMBER: 05935754 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Park Farm (2006) Ltd

Park Farm (2006) Ltd (Registered number: 05935754)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Statement of Changes in Equity 3

Notes to the Financial Statements 4


Park Farm (2006) Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTOR: A J Easey





SECRETARY: Mrs P M Easey





REGISTERED OFFICE: The Old Granary
Coopers Lane
Dedham
Colchester
Essex
CO7 6AX





REGISTERED NUMBER: 05935754 (England and Wales)





ACCOUNTANT: Dedham Accountancy & Taxation Services Limited
t/a R J Woods & Co
Santa Maria
Anchor Lane, The Heath
Dedham
Colchester
Essex
CO7 6BX

Park Farm (2006) Ltd (Registered number: 05935754)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 162,786 168,220

CURRENT ASSETS
Debtors 6 694 545
Cash at bank 1,143 -
1,837 545
CREDITORS
Amounts falling due within one year 7 194,542 187,492
NET CURRENT LIABILITIES (192,705 ) (186,947 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(29,919

)

(18,727

)

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings (29,921 ) (18,729 )
SHAREHOLDERS' FUNDS (29,919 ) (18,727 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 9 February 2024 and were signed by:





A J Easey - Director


Park Farm (2006) Ltd (Registered number: 05935754)

Statement of Changes in Equity
for the Year Ended 30 September 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 October 2021 2 (9,685 ) (9,683 )

Changes in equity
Total comprehensive income - (9,044 ) (9,044 )
Balance at 30 September 2022 2 (18,729 ) (18,727 )

Changes in equity
Total comprehensive income - (11,192 ) (11,192 )
Balance at 30 September 2023 2 (29,921 ) (29,919 )

Park Farm (2006) Ltd (Registered number: 05935754)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Park Farm (2006) Ltd 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements are presented in Sterling (£).

Going concern:
The director has considered the company's position at the time of signing the financial statements and for the foreseeable future, being a period of at least twelve months from the date of approval of the financial statements. The director has considered the company's financial strength, together with an assessment its operations and its finances. In addition, the director has confirmed that he will continue to financially support the company for the foreseeable future, and there have been no indications from the company's other creditors that they will not continue to support the company for the foreseeable future,.

Based on all of this, the director has concluded that there is a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. Therefore, the company will continue to adopt the going concern basis of accounting in preparing these financial statements.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The following principal accounting policies have been applied:

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of the assets less their residual value over their estimated useful lives, using the straight line method.

Depreciation is normally provided on the following basis:

Freehold land - No depreciation
Freehold buildings - 10% per annum of cost
Plant and machinery etc - 50% and 20% per annum on cost

Park Farm (2006) Ltd (Registered number: 05935754)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

3. ACCOUNTING POLICIES - continued

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted if appropriate, or if there is an indication of a significant change since the last reporting date. Arising from a review by the director, at the balance sheet date, it is considered that there is no material change in the condition or valuation of the freehold buildings. Therefore, no further provision for depreciation or diminution in value has been made for the year ended 30 September 2023.

Gains or losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Any charge for depreciation on land and buildings relates solely to stable buildings and ancillary sheds.

Taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current tax charge is calculated on the basis of the tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered
against the reversal of deferred tax liabilities or other future taxable profits; and

- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances
have been met.

Deferred tax balances are not recognised in respect of permanent timing differences except in respect of business combinations, when deferred tax is recognised on the differences between fair values of assets acquired and the future tax deductions available for them and the differences between fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans,are measured at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method.

4. EMPLOYEES AND DIRECTORS

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

Park Farm (2006) Ltd (Registered number: 05935754)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 155,134 47,509 202,643
DEPRECIATION
At 1 October 2022 5,134 29,289 34,423
Charge for year - 5,434 5,434
At 30 September 2023 5,134 34,723 39,857
NET BOOK VALUE
At 30 September 2023 150,000 12,786 162,786
At 30 September 2022 150,000 18,220 168,220

Included in cost of land and buildings is freehold land of £ 150,000 (2022 - £ 150,000 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 88 88
Other debtors 606 457
694 545

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Other creditors 194,542 187,492

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.23 30.9.22
value: £    £   
2 Ordinary £1 2 2

9. RELATED PARTY DISCLOSURES

Creditors includes amounts due to the director in respect of monies advanced to the company for working capital. During the year ended 30 September 2023 these loans to the company totalled £10,152 (2022: £8,769) and repayments to the director totalled £3,142 (2022: £3,759). The balance owed to the director at the balance sheet date was £193,816 (2022: £186,806). The loans are unsecured, interest-free and repayable on demand.