Year Ended
Registration number:
Norrington Manor Farms (Holdings) Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
Norrington Manor Farms (Holdings) Limited
Balance Sheet
30 September 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Investments |
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Other financial assets |
1 |
1 |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Norrington Manor Farms (Holdings) Limited
Balance Sheet
30 September 2023
For the financial year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 00493588
Norrington Manor Farms (Holdings) Limited
Notes to the Unaudited Financial Statements
Year Ended 30 September 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
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.
Group accounts not prepared
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Leasehold property |
10% per annum straight line on cost |
Norrington Manor Farms (Holdings) Limited
Notes to the Unaudited Financial Statements
Year Ended 30 September 2023
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Tangible assets |
Land and buildings |
Total |
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Cost or valuation |
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At 1 October 2022 |
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At 30 September 2023 |
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Depreciation |
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At 1 October 2022 |
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At 30 September 2023 |
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Carrying amount |
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At 30 September 2023 |
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At 30 September 2022 |
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Included within the net book value of land and buildings above is £1 (2022 - £1) in respect of long leasehold land and buildings.
Norrington Manor Farms (Holdings) Limited
Notes to the Unaudited Financial Statements
Year Ended 30 September 2023
Investments |
2023 |
2022 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost or valuation |
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At 1 October 2022 |
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Provision |
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Carrying amount |
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At 30 September 2023 |
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At 30 September 2022 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2023 |
2022 |
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Subsidiary undertakings |
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Bushey Garson, Alvediston, Salisbury, Wiltshire SP5 5LJ England |
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Subsidiary undertakings |
Norrington Manor Farms Limited The principal activity of Norrington Manor Farms Limited is |
Norrington Manor Farms (Holdings) Limited
Notes to the Unaudited Financial Statements
Year Ended 30 September 2023
Other financial assets (current and non-current) |
Financial assets at cost less impairment |
Total |
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Non-current financial assets |
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Cost or valuation |
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At 1 October 2022 |
1 |
1 |
At 30 September 2023 |
1 |
1 |
Impairment |
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Carrying amount |
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At 30 September 2023 |
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1 |
Creditors |
Creditors: amounts falling due after more than one year
Note |
2023 |
2022 |
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Due after one year |
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Loans and borrowings |
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Loans and borrowings |
2023 |
2022 |
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Loans and borrowings due after one year |
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Redeemable preference shares |
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Norrington Manor Farms (Holdings) Limited
Notes to the Unaudited Financial Statements
Year Ended 30 September 2023
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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5,020 |
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5,020 |
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5,000 |
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5,000 |
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Redeemable preference shares
The cumulative 6% preference shares of £1 each carry the following rights:
1) a dividend is payable at the discretion of the directors; any unpaid dividends are carried forward and no provision has been made in these accounts for cumulative arrears of preference dividends; prior to the financial year ended 30 September 2020 no dividend had been paid on these preference shares since 1 April 1957, however in June 2020 and April 2021 dividends were paid such that arrears of unpaid dividends reduced to nil. Unpaid Dividends at 30 September 2023 were £600 (2022 - £300).
2) the shares are redeemable at par value of £1 per share at the descretion of the directors and the passing of a special resolution by the ordinary shareholders.
3) preference shares rank ahead of ordinary shares on a winding up but cease to be entitled to arrears of preference dividends.
4) preference shareholders have no voting rights at a meeting of the company except upon a resolution to vary class rights.