Hobby Hall Farm Limited 13965940 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is Property Development Digita Accounts Production Advanced 6.30.9574.0 true 13965940 2022-04-01 2023-03-31 13965940 2023-03-31 13965940 bus:OrdinaryShareClass1 bus:OtherShareType 2023-03-31 13965940 bus:Revised 2023-03-31 13965940 core:CurrentFinancialInstruments 2023-03-31 13965940 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13965940 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 13965940 bus:SmallEntities 2022-04-01 2023-03-31 13965940 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 13965940 bus:FullAccounts 2022-04-01 2023-03-31 13965940 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 13965940 bus:RegisteredOffice 2022-04-01 2023-03-31 13965940 bus:Director1 2022-04-01 2023-03-31 13965940 bus:OrdinaryShareClass1 bus:OtherShareType 2022-04-01 2023-03-31 13965940 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13965940 core:Buildings 2022-04-01 2023-03-31 13965940 countries:England 2022-04-01 2023-03-31 13965940 2022-03-31 13965940 core:LandBuildings core:OwnedOrFreeholdAssets 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 13965940

Hobby Hall Farm Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Hobby Hall Farm Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Hobby Hall Farm Limited

Company Information

Director

Mr Jamie Baptie

Registered office

Telford Way,
Stephenson Industrial Estate,
Coalville
Leicestershire
LE67 3HE

Accountants

Andrew Warren Associates Limited
4 Foden Close
Loughborough
Leicestershire
LE11 3YJ

 

Hobby Hall Farm Limited

(Registration number: 13965940)
Balance Sheet as at 31 March 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

105,277

Current assets

 

Debtors

5

326

Cash at bank and in hand

 

1,656

 

1,982

Creditors: Amounts falling due within one year

6

(116,480)

Net current liabilities

 

(114,498)

Net liabilities

 

(9,221)

Capital and reserves

 

Retained earnings

(9,221)

Shareholders' deficit

 

(9,221)

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 8 February 2024
 

.........................................
Mr Jamie Baptie
Director

 

Hobby Hall Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Telford Way,
Stephenson Industrial Estate,
Coalville
Leicestershire
LE67 3HE
England

These financial statements were authorised for issue by the director on 8 February 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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

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

Fixed Assets

2% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Hobby Hall Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2.

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2022

105,277

105,277

At 31 March 2023

105,277

105,277

Depreciation

Carrying amount

At 31 March 2023

105,277

105,277

Included within the net book value of land and buildings above is £105,277 in respect of freehold land and buildings.
 

5

Debtors

Current

2023
£

Other debtors

326

 

Hobby Hall Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Trade creditors

480

Other creditors

116,000

116,480

7

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary of £1 each

2

2