REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Year Ended 30 April 2023 |
for |
Strashleigh Farm Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
For The Year Ended 30 April 2023 |
for |
Strashleigh Farm Ltd |
Strashleigh Farm Ltd (Registered number: 13178218) |
Contents of the Financial Statements |
For The Year Ended 30 April 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Strashleigh Farm Ltd |
Company Information |
For The Year Ended 30 April 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Harscombe House |
1 Darklake View |
Plymouth |
Devon |
PL6 7TL |
Strashleigh Farm Ltd (Registered number: 13178218) |
Balance Sheet |
30 April 2023 |
30.4.23 | 30.4.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
PROVISIONS FOR LIABILITIES |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
( |
) |
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. |
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 |
Strashleigh Farm Ltd (Registered number: 13178218) |
Notes to the Financial Statements |
For The Year Ended 30 April 2023 |
1. | STATUTORY INFORMATION |
Strashleigh Farm Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the 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. |
Rental income from investment property leased out under operating leases is recognised in the statement of income statement on a straight-line basis over the term of the lease. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful |
life. |
Plant and machinery - 25% on reducing balance |
Motor Vehicles - 25% on reducing balance |
Investment property |
Investment property is measured initially at its cost. |
After initial recognition, investment property is stated at fair value. Fair value through the profit and loss account and is based on active market prices. |
The fair value of investment property does not reflect future capital expenditure that will improve or enhance the property. |
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. |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Strashleigh Farm Ltd (Registered number: 13178218) |
Notes to the Financial Statements - continued |
For The Year Ended 30 April 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 May 2022 |
Additions |
Disposals | ( |
) |
At 30 April 2023 |
DEPRECIATION |
At 1 May 2022 |
Charge for year |
At 30 April 2023 |
NET BOOK VALUE |
At 30 April 2023 |
At 30 April 2022 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 May 2022 |
Additions |
Revaluations | 148,042 |
At 30 April 2023 |
NET BOOK VALUE |
At 30 April 2023 |
At 30 April 2022 |
Fair value at 30 April 2023 is represented by: |
£ |
Valuation in 2023 | 9,013 |
Cost | 1,140,987 |
1,150,000 |
** | TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF |
INVESTMENT PROPERTY |
'COST' ACCOUNT TOTAL |
Cost/valuation b/f | 1,040,987 |
Additions | 110,971 |
Revaluations | 148,042 |
1,300,000 |
CLIENT SCREEN TOTAL | = | 1,150,000 |
Strashleigh Farm Ltd (Registered number: 13178218) |
Notes to the Financial Statements - continued |
For The Year Ended 30 April 2023 |
5. | INVESTMENT PROPERTY - continued |
If investment property had not been revalued it would have been included at the following historical cost: |
30.4.23 | 30.4.22 |
£ | £ |
Cost | 1,040,987 | 1,040,987 |
Investment property is currently held at market value. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.23 | 30.4.22 |
£ | £ |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.4.23 | 30.4.22 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Other creditors |