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Registration number: 08268389

Manor Farm Glastonbury Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2023

 

Manor Farm Glastonbury Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 5

 

Manor Farm Glastonbury Ltd

(Registration number: 08268389)
Balance Sheet as at 31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

433

577

Current assets

 

Cash at bank and in hand

 

146,680

109,759

Creditors: Amounts falling due within one year

5

(113,740)

(92,181)

Net current assets

 

32,940

17,578

Total assets less current liabilities

 

33,373

18,155

Provisions for liabilities

(82)

(110)

Net assets

 

33,291

18,045

Capital and reserves

 

Called up share capital

102

102

Retained earnings

33,189

17,943

Shareholders' funds

 

33,291

18,045

For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Manor Farm Glastonbury Ltd

(Registration number: 08268389)
Balance Sheet as at 31 October 2023

Approved and authorised by the Board on 3 March 2024 and signed on its behalf by:
 

.........................................
M J McKaig
Director

 

Manor Farm Glastonbury Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7a King Street
Frome
Somerset
BA11 1BH

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities, net of value added tax.

Tax

The tax expense for the year comprises current and deferred tax, and is recognised in profit or loss.

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements, and is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

25% per annum on reducing balance

 

Manor Farm Glastonbury Ltd

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Manor Farm Glastonbury Ltd

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

4

Tangible assets

Fixtures, fittings and equipment
£

Total
£

Cost or valuation

At 1 November 2022

9,824

9,824

At 31 October 2023

9,824

9,824

Depreciation

At 1 November 2022

9,247

9,247

Charge for the year

144

144

At 31 October 2023

9,391

9,391

Net book value

At 31 October 2023

433

433

At 31 October 2022

577

577

5

Creditors

Amounts falling due within one year

2023
£

2022
£

Taxation and social security

17,190

13,183

Accruals and deferred income

1,510

1,096

Other creditors

90,498

73,507

Corporation tax

4,542

4,395

113,740

92,181