Company Registration No. 5488970 (England and Wales)
Highfield House Farm Limited
Unaudited accounts
for the year ended 30 June 2023
Highfield House Farm Limited
Unaudited accounts
Contents
Highfield House Farm Limited
Company Information
for the year ended 30 June 2023
Directors
M Prince
S Prince
Company Number
5488970 (England and Wales)
Registered Office
28 Terminus Road
SHEFFIELD
S7 2LH
United Kingdom
Accountants
Hart Simpson
28 Terminus Road
Sheffield
S7 2LH
Highfield House Farm Limited
Statement of financial position
as at 30 June 2023
Tangible assets
592,040
591,856
Cash at bank and in hand
(53,870)
24,114
Creditors: amounts falling due within one year
(261,504)
(328,599)
Net current liabilities
(220,929)
(224,974)
Net assets
371,111
366,882
Called up share capital
3
3
Profit and loss account
371,108
366,879
Shareholders' funds
371,111
366,882
For the year ending 30 June 2023 the company was entitled to exemption from audit 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 July 2023 and were signed on its behalf by
M Prince
Director
Company Registration No. 5488970
Highfield House Farm Limited
Notes to the Accounts
for the year ended 30 June 2023
Highfield House Farm Limited is a private company, limited by shares, registered in England and Wales, registration number 5488970. The registered office is 28 Terminus Road, SHEFFIELD, S7 2LH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2022
249,825
826,226
61,074
1,137,125
Additions
-
12,663
-
12,663
At 30 June 2023
249,825
838,889
61,074
1,149,788
At 1 July 2022
74,623
426,088
44,558
545,269
Charge for the year
-
10,003
2,476
12,479
At 30 June 2023
74,623
436,091
47,034
557,748
At 30 June 2023
175,202
402,798
14,040
592,040
At 30 June 2022
175,202
400,138
16,516
591,856
Highfield House Farm Limited
Notes to the Accounts
for the year ended 30 June 2023
Amounts falling due within one year
Trade debtors
42,255
41,700
Other debtors
31,125
21,056
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
52,342
123,508
Obligations under finance leases and hire purchase contracts
13,655
21,284
Trade creditors
27,080
38,427
Taxes and social security
344
8,245
Other creditors
3,082
3,082
Loans from directors
162,226
134,053
7
Average number of employees
During the year the average number of employees was 10 (2022: 10).