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REGISTERED NUMBER: 04934864 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Park Farm (Hawkhurst) Limited

Park Farm (Hawkhurst) Limited (Registered number: 04934864)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Park Farm (Hawkhurst) Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: Mr A R Clarke





REGISTERED OFFICE: Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG





BUSINESS ADDRESS: Park Farm
Water Lane
Hawkhurst
Kent
TN18 5AY





REGISTERED NUMBER: 04934864 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG

Park Farm (Hawkhurst) Limited (Registered number: 04934864)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 217,928 232,977
217,928 232,977

CURRENT ASSETS
Stocks 113,892 122,881
Debtors 6 48,051 36,511
Cash at bank and in hand 1,660 11,654
163,603 171,046
CREDITORS
Amounts falling due within one year 7 238,311 248,722
NET CURRENT LIABILITIES (74,708 ) (77,676 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

143,220

155,301

CREDITORS
Amounts falling due after more than
one year

8

(139,673

)

(137,218

)

PROVISIONS FOR LIABILITIES (18,577 ) (19,657 )
NET LIABILITIES (15,030 ) (1,574 )

Park Farm (Hawkhurst) Limited (Registered number: 04934864)

Balance Sheet - continued
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (15,130 ) (1,674 )
SHAREHOLDERS' FUNDS (15,030 ) (1,574 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 7 March 2024 and were signed by:





Mr A R Clarke - Director


Park Farm (Hawkhurst) Limited (Registered number: 04934864)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Park Farm (Hawkhurst) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

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

Goodwill
The goodwill acquired in 2004 has been amortised over its useful life of 10 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - Straight line over 10 years
Improvements to property - Straight line over 10 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - straight line over 3 years and 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation 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.


Park Farm (Hawkhurst) Limited (Registered number: 04934864)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued
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 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 benefits
The 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 55,000
AMORTISATION
At 1 November 2022
and 31 October 2023 55,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

Park Farm (Hawkhurst) Limited (Registered number: 04934864)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Improvements
Short to Plant and
leasehold property machinery
£    £    £   
COST
At 1 November 2022 500 141,238 140,840
Additions - 42,229 4,615
Disposals - - (36,000 )
At 31 October 2023 500 183,467 109,455
DEPRECIATION
At 1 November 2022 500 21,096 55,346
Charge for year - 16,344 16,610
Eliminated on disposal - - (15,188 )
At 31 October 2023 500 37,440 56,768
NET BOOK VALUE
At 31 October 2023 - 146,027 52,687
At 31 October 2022 - 120,142 85,494

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 November 2022 29,307 43,498 355,383
Additions - 1,750 48,594
Disposals - (5,775 ) (41,775 )
At 31 October 2023 29,307 39,473 362,202
DEPRECIATION
At 1 November 2022 16,337 29,127 122,406
Charge for year 1,955 2,734 37,643
Eliminated on disposal - (587 ) (15,775 )
At 31 October 2023 18,292 31,274 144,274
NET BOOK VALUE
At 31 October 2023 11,015 8,199 217,928
At 31 October 2022 12,970 14,371 232,977

Park Farm (Hawkhurst) Limited (Registered number: 04934864)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 45,049 30,130
Other debtors 3,002 6,381
48,051 36,511

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 80,434 51,624
Hire purchase contracts 12,080 12,197
Trade creditors 112,670 155,792
Taxation and social security 6,127 2,458
Other creditors 27,000 26,651
238,311 248,722

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 15,834 25,833
Hire purchase contracts 35,839 23,385
Other creditors 88,000 88,000
139,673 137,218

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100