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REGISTERED NUMBER: 12895571 (England and Wales)













Financial Statements

for the Year Ended 30 June 2023

for

Church Farm Swayfield Ltd

Church Farm Swayfield Ltd (Registered number: 12895571)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Church Farm Swayfield Ltd

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mr P M Heaver
Mrs L G Heaver





REGISTERED OFFICE: The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN





REGISTERED NUMBER: 12895571 (England and Wales)





AUDITORS: Nicholsons Audit (Statutory Auditor)
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN

Church Farm Swayfield Ltd (Registered number: 12895571)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,019,601 1,043,398

CURRENT ASSETS
Stocks 11,029 11,741
Debtors 5 1,953 2,512
Cash at bank 22,029 4,464
35,011 18,717
CREDITORS
Amounts falling due within one year 6 1,210,164 1,156,263
NET CURRENT LIABILITIES (1,175,153 ) (1,137,546 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(155,552

)

(94,148

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (155,652 ) (94,248 )
(155,552 ) (94,148 )

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 Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by:





Mr P M Heaver - Director


Church Farm Swayfield Ltd (Registered number: 12895571)

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

1. STATUTORY INFORMATION

Church Farm Swayfield 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. 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.

Preparation of consolidated financial statements
The financial statements contain information about Church Farm Swayfield Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost and not provided
Plant and machinery - 10% on cost
Motor vehicles - 20% on cost

Government grants
Government grants which have been accounted for under the accruals model in respect of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

Stocks
Stock shown in the financial statements is made up of livestock. Livestock is measured at fair value.

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.


Church Farm Swayfield Ltd (Registered number: 12895571)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2022 990,075 30,436 21,569 37,250 1,079,330
Additions - 2,100 580 - 2,680
At 30 June 2023 990,075 32,536 22,149 37,250 1,082,010
DEPRECIATION
At 1 July 2022 20,155 2,886 1,997 10,894 35,932
Charge for year 12,618 3,148 3,261 7,450 26,477
At 30 June 2023 32,773 6,034 5,258 18,344 62,409
NET BOOK VALUE
At 30 June 2023 957,302 26,502 16,891 18,906 1,019,601
At 30 June 2022 969,920 27,550 19,572 26,356 1,043,398

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Directors' current accounts - 461
VAT 510 873
Prepayments and accrued income 1,443 1,178
1,953 2,512

Church Farm Swayfield Ltd (Registered number: 12895571)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,738 1,951
Amounts owed to group undertakings 1,205,152 1,152,152
Social security and other taxes 1,074 160
Accruals and deferred income 2,200 2,000
1,210,164 1,156,263

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Robinson ACA (Senior Statutory Auditor)
for and on behalf of Nicholsons Audit (Statutory Auditor)

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2023 and 30 June 2022:

2023 2022
£    £   
Mr P M Heaver
Balance outstanding at start of year 461 -
Amounts advanced - 461
Amounts repaid (461 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 461

9. RELATED PARTY DISCLOSURES

Church Farm Swayfield Ltd is a wholly owned subsidiary of its parent Heaver Group Holdings Ltd.

The parent company produces consolidated accounts for the group; copies of which can be obtained from:

The Point
Weaver Road
Lincoln
LN6 3QN

Included in creditors is an amount owed to the parent company of £1,205,152 (2022 - £1,152,152).

Church Farm Swayfield Ltd (Registered number: 12895571)

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

10. GOING CONCERN

Directors with common control over all group companies are of the opinion the company is a going concern. The group of companies has agreed to continue to support the company in the short term whilst it continues to strengthen its' balance sheet and increase profitability.