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REGISTERED NUMBER: 14095713 (England and Wales)















FINANCIAL STATEMENTS

FOR THE PERIOD

9TH MAY 2022 TO 31ST MAY 2023

FOR

LOWER SKENCHILL FARM LTD

LOWER SKENCHILL FARM LTD (REGISTERED NUMBER: 14095713)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 9TH MAY 2022 TO 31ST MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOWER SKENCHILL FARM LTD

COMPANY INFORMATION
FOR THE PERIOD 9TH MAY 2022 TO 31ST MAY 2023







DIRECTORS: S P Kirk
A O Kirk





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 14095713 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

LOWER SKENCHILL FARM LTD (REGISTERED NUMBER: 14095713)

BALANCE SHEET
31ST MAY 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 142,610

CURRENT ASSETS
Cash at bank 4

CREDITORS
Amounts falling due within one year 5 156,327
NET CURRENT LIABILITIES (156,323 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,713

)

CAPITAL AND RESERVES
Called up share capital 6 2
Retained earnings (13,715 )
SHAREHOLDERS' FUNDS (13,713 )

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

The members have not required the Company to obtain an audit of its financial statements for the period ended 31st 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.

LOWER SKENCHILL FARM LTD (REGISTERED NUMBER: 14095713)

BALANCE SHEET - continued
31ST 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 has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2nd February 2024 and were signed on its behalf by:





S P Kirk - Director


LOWER SKENCHILL FARM LTD (REGISTERED NUMBER: 14095713)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 9TH MAY 2022 TO 31ST MAY 2023

1. STATUTORY INFORMATION

Lower Skenchill Farm Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not provided
Plant and machinery - 20% on reducing balance

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and loss, 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 period 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 period was 2 .

LOWER SKENCHILL FARM LTD (REGISTERED NUMBER: 14095713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 9TH MAY 2022 TO 31ST MAY 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
Additions 142,221 486 142,707
At 31st May 2023 142,221 486 142,707
DEPRECIATION
Charge for period - 97 97
At 31st May 2023 - 97 97
NET BOOK VALUE
At 31st May 2023 142,221 389 142,610

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Social security and other taxes 320
Directors' current accounts 153,525
Accrued expenses 2,482
156,327

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
2 Ordinary £1 2

2 Ordinary shares of £1 were issued during the period for cash of £ 2 .

7. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan account at the year end due to S Kirk of £153,525.

8. GOING CONCERN

After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis preparing its financial statements.