HARLTON FARMS LIMITED

Company Registration Number:
00774702 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2023

Period of accounts

Start date: 01 October 2022

End date: 30 September 2023

HARLTON FARMS LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2023

Balance sheet
Notes

HARLTON FARMS LIMITED

Balance sheet

As at 30 September 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,573,550 1,524,156
Investments: 4 70,470 70,470
Total fixed assets: 1,644,020 1,594,626
Current assets
Stocks: 486,707 641,746
Debtors:   113,951 146,337
Cash at bank and in hand: 31,517 107,937
Total current assets: 632,175 896,020
Creditors: amounts falling due within one year:   (227,861) (358,540)
Net current assets (liabilities): 404,314 537,480
Total assets less current liabilities: 2,048,334 2,132,106
Creditors: amounts falling due after more than one year:   (676,446) (734,882)
Provision for liabilities: (90,000) (80,000)
Total net assets (liabilities): 1,281,888 1,317,224
Capital and reserves
Called up share capital: 25,000 25,000
Profit and loss account: 1,256,888 1,292,224
Shareholders funds: 1,281,888 1,317,224

The notes form part of these financial statements

HARLTON FARMS LIMITED

Balance sheet statements

For the year ending 30 September 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 February 2024
and signed on behalf of the board by:

Name: B P Banks
Status: Director

The notes form part of these financial statements

HARLTON FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

1. Accounting policies

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

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.Land and buildings - 5% on costPlant and machinery etc - 25% on reducing balance and 10% - 20% on cost

Other accounting policies

StocksStocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.TaxationTaxation for the year 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 taxDeferred 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 year 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.Pension costs and other post-retirement benefitsThe company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

HARLTON FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

2. Employees

2023 2022
Average number of employees during the period 3 4

HARLTON FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

3. Tangible Assets

Total
Cost £
At 01 October 2022 2,656,195
Additions 192,578
Disposals (83,500)
At 30 September 2023 2,765,273
Depreciation
At 01 October 2022 1,132,039
Charge for year 132,390
On disposals (72,706)
At 30 September 2023 1,191,723
Net book value
At 30 September 2023 1,573,550
At 30 September 2022 1,524,156

HARLTON FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2023

4. Fixed investments

Investments at 30 September 2023 = £70,470