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Norrington Manor Farms (Holdings) Limited

Annual Report and Unaudited Financial Statements
Year Ended 30 September 2023

Registration number: 00493588

 

Norrington Manor Farms (Holdings) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Norrington Manor Farms (Holdings) Limited

Balance Sheet

30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1

1

Investments

5

238,964

238,964

Other financial assets

6

1

1

 

238,966

238,966

Creditors: Amounts falling due after more than one year

7

(5,000)

(5,000)

Net assets

 

233,966

233,966

Capital and reserves

 

Called up share capital

9

5,020

5,020

Profit and loss account

228,946

228,946

Shareholders' funds

 

233,966

233,966

 

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:

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 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 Board on 6 April 2024 and signed on its behalf by:
 

.........................................
Mr A T D Sykes
Director

Company Registration Number: 00493588

 

Norrington Manor Farms (Holdings) Limited

Notes to the Unaudited Financial Statements

Year Ended 30 September 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:
Bushey Garson
Alvediston
Salisbury
Wiltshire
SP5 5LJ

These financial statements were authorised for issue by the Board on 6 April 2024.

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 - '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

The company and its wholly owned subsidiary comprise a small group and the directors have taken the exemption not to prepare consolidated group accounts..

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 October 2022

63,664

63,664

At 30 September 2023

63,664

63,664

Depreciation

At 1 October 2022

63,663

63,663

At 30 September 2023

63,663

63,663

Carrying amount

At 30 September 2023

1

1

At 30 September 2022

1

1

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

5

Investments

2023
£

2022
£

Investments in subsidiaries

238,964

238,964

Subsidiaries

£

Cost or valuation

At 1 October 2022

238,964

Provision

Carrying amount

At 30 September 2023

238,964

At 30 September 2022

238,964

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

     

2023

2022

Subsidiary undertakings

Norrington Manor Farms Limited

Bushey Garson, Alvediston, Salisbury, Wiltshire SP5 5LJ

England

ordinary shares

100%

100%

Subsidiary undertakings

Norrington Manor Farms Limited

The principal activity of Norrington Manor Farms Limited is farming.

 

Norrington Manor Farms (Holdings) Limited

Notes to the Unaudited Financial Statements

Year Ended 30 September 2023

6

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 October 2022

1

1

At 30 September 2023

1

1

Impairment

Carrying amount

At 30 September 2023

1

1

7

Creditors

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

5,000

5,000

8

Loans and borrowings

2023
£

2022
£

Loans and borrowings due after one year

Redeemable preference shares

5,000

5,000

 

Norrington Manor Farms (Holdings) Limited

Notes to the Unaudited Financial Statements

Year Ended 30 September 2023

9

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

5,020

5,020

5,020

5,020

Cumulative 6% preference shares of £1 each

5,000

5,000

5,000

5,000

 

10,020

10,020

10,020

10,020

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.