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REGISTERED NUMBER: 12709743 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

LIME KILN FARM 2020 LTD

LIME KILN FARM 2020 LTD (REGISTERED NUMBER: 12709743)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


LIME KILN FARM 2020 LTD (REGISTERED NUMBER: 12709743)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 813,533 647,146

CURRENT ASSETS
Debtors 5 8,765 40,713
Cash at bank 66,514 64,034
75,279 104,747
CREDITORS
Amounts falling due within one year 6 15,251 82,157
NET CURRENT ASSETS 60,028 22,590
TOTAL ASSETS LESS CURRENT
LIABILITIES

873,561

669,736

CREDITORS
Amounts falling due after more than one
year

7

(880,737

)

(624,136

)

PROVISIONS FOR LIABILITIES - (8,456 )
NET (LIABILITIES)/ASSETS (7,176 ) 37,144

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 43,634 47,125
Retained earnings (50,910 ) (10,081 )
SHAREHOLDERS' FUNDS (7,176 ) 37,144

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2024 and were signed on its behalf by:





Mr Sean Gerald Knowles - Director


LIME KILN FARM 2020 LTD (REGISTERED NUMBER: 12709743)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Lime Kiln Farm 2020 Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12709743

Registered office: Goose Pie Farm Cottage
Booton Road
Cawston
Norwich
Norfolk
NR10 4AH

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 as modified by the revaluation of certain assets.

At 31 July 2023 the company had net liabilities of £7,176. The company relies on the continued support of its directors and majority shareholder to meet its day to day working capital requirements. The directors have indicated their willingness to provide financial support to the company, as and when required, for the foreseeable future.

On the above grounds the directors deem it appropriate to prepare the financial statements on the going concern basis.

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.
Land and buildings - 20% on reducing balance
Plant and machinery etc - 20% on reducing balance and 10% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

LIME KILN FARM 2020 LTD (REGISTERED NUMBER: 12709743)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 August 2022 470,983 180,113 651,096
Additions - 230,328 230,328
Disposals - (24,000 ) (24,000 )
At 31 July 2023 470,983 386,441 857,424
DEPRECIATION
At 1 August 2022 - 3,950 3,950
Charge for year - 43,008 43,008
Eliminated on disposal - (3,067 ) (3,067 )
At 31 July 2023 - 43,891 43,891
NET BOOK VALUE
At 31 July 2023 470,983 342,550 813,533
At 31 July 2022 470,983 176,163 647,146

Cost or valuation at 31 July 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2022 470,983 - 470,983
Cost - 386,441 386,441
470,983 386,441 857,424

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 412,804 412,804

Value of land in freehold land and buildings 351,251 351,251

Freehold land and buildings were valued on an open market basis on 31 July 2022 by the company directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 6,250
Other debtors 8,765 34,463
8,765 40,713

LIME KILN FARM 2020 LTD (REGISTERED NUMBER: 12709743)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,333 -
Trade creditors 2,988 80,657
Taxation and social security 3,130 -
Other creditors 1,800 1,500
15,251 82,157

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 217,222 -
Other creditors 663,515 624,136
880,737 624,136

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
41 Ordinary A £1 41 41
41 Ordinary B £1 41 41
6 Ordinary C £1 6 6
6 Ordinary D £1 6 6
6 Ordinary E £1 6 6
100 100

9. RESERVES
Revaluation
reserve
£   
At 1 August 2022 47,125
Deferred tax adjustment (3,491 )

At 31 July 2023 43,634