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REGISTERED NUMBER: 09035660 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

FRUIT FARM LIMITED

FRUIT FARM LIMITED (REGISTERED NUMBER: 09035660)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FRUIT FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: D E W Freeman
A Freeman





REGISTERED OFFICE: Algwen
Mill Road
West Walton
Norfolk
PE14 7EU





REGISTERED NUMBER: 09035660 (England and Wales)





ACCOUNTANTS: Prentis & Co LLP
Chartered Accountants
115c Milton Road
Cambridge
CB4 1XE

FRUIT FARM LIMITED (REGISTERED NUMBER: 09035660)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,000 30,000
Tangible assets 5 26,048 28,007
46,048 58,007

CURRENT ASSETS
Debtors 6 - 1,988
Cash at bank 7 2,934
7 4,922
CREDITORS
Amounts falling due within one year 7 86,940 97,215
NET CURRENT LIABILITIES (86,933 ) (92,293 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(40,885

)

(34,286

)

CREDITORS
Amounts falling due after more than one
year

8

19,677

22,067
NET LIABILITIES (60,562 ) (56,353 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (60,662 ) (56,453 )
SHAREHOLDERS' FUNDS (60,562 ) (56,353 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

FRUIT FARM LIMITED (REGISTERED NUMBER: 09035660)

BALANCE SHEET - continued
31 MAY 2023


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 January 2024 and were signed on its behalf by:





D E W Freeman - Director


FRUIT FARM LIMITED (REGISTERED NUMBER: 09035660)

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

1. STATUTORY INFORMATION

Fruit Farm Limited 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.

The financial statements are prepared under the historical cost convention and include the results of the company's operations, which are described in the Directors Report and all of which are continuing.
The financial statements have been prepared on a going concern basis. This may not be appropriate because at 31st May 2023 the company's current liabilities exceeded its current assets by £86,933 and total liabilities of the company were £106,617. The company is reliant on the continued support of its directors and bank, but there is no evidence to suggest that this will not continue and further funds will not be provided as necessary, to enable the company to continue as a going concern.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 33% on cost and 25% on cost

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 2 (2022 - 2 ) .

FRUIT FARM LIMITED (REGISTERED NUMBER: 09035660)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2022
and 31 May 2023 100,000
AMORTISATION
At 1 June 2022 70,000
Charge for year 10,000
At 31 May 2023 80,000
NET BOOK VALUE
At 31 May 2023 20,000
At 31 May 2022 30,000

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 June 2022
and 31 May 2023 25,234 14,752 3,500 43,486
DEPRECIATION
At 1 June 2022 - 11,979 3,500 15,479
Charge for year - 1,959 - 1,959
At 31 May 2023 - 13,938 3,500 17,438
NET BOOK VALUE
At 31 May 2023 25,234 814 - 26,048
At 31 May 2022 25,234 2,773 - 28,007

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Tax - 1,988

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 3,747 3,554
Tax 1,818 -
Directors' current accounts 285 21,365
Accruals and deferred income 81,090 72,296
86,940 97,215

FRUIT FARM LIMITED (REGISTERED NUMBER: 09035660)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 3,087 7,107
Bank loans - 2-5 years 16,590 14,960
19,677 22,067

9. ULTIMATE CONTROLLING PARTY

The controlling parties are D Freeman and A Freeman by virtue of their 100% joint ownership of the company's issued ordinary share capital.