Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-313The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2022-04-01falseGrowing of cereals (except rice), leguminous crops and oil seeds. Other letting and operating of own or leased real estate3false 02421594 2022-04-01 2023-03-31 02421594 2021-04-01 2022-03-31 02421594 2023-03-31 02421594 2022-03-31 02421594 2021-04-01 02421594 1 2022-04-01 2023-03-31 02421594 1 2021-04-01 2022-03-31 02421594 2 2022-04-01 2023-03-31 02421594 7 2022-04-01 2023-03-31 02421594 d:Director1 2022-04-01 2023-03-31 02421594 d:Director2 2022-04-01 2023-03-31 02421594 d:Director3 2022-04-01 2023-03-31 02421594 d:RegisteredOffice 2022-04-01 2023-03-31 02421594 e:FurnitureFittings 2022-04-01 2023-03-31 02421594 e:FurnitureFittings 2023-03-31 02421594 e:FurnitureFittings 2022-03-31 02421594 e:FurnitureFittings e:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 02421594 e:FreeholdInvestmentProperty 2023-03-31 02421594 e:FreeholdInvestmentProperty 2022-03-31 02421594 e:FreeholdInvestmentProperty 2 2022-04-01 2023-03-31 02421594 e:CurrentFinancialInstruments 2023-03-31 02421594 e:CurrentFinancialInstruments 2022-03-31 02421594 e:Non-currentFinancialInstruments 2023-03-31 02421594 e:Non-currentFinancialInstruments 2022-03-31 02421594 e:CurrentFinancialInstruments e:WithinOneYear 2023-03-31 02421594 e:CurrentFinancialInstruments e:WithinOneYear 2022-03-31 02421594 e:Non-currentFinancialInstruments e:AfterOneYear 2023-03-31 02421594 e:Non-currentFinancialInstruments e:AfterOneYear 2022-03-31 02421594 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2023-03-31 02421594 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2022-03-31 02421594 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2023-03-31 02421594 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2022-03-31 02421594 e:ShareCapital 2023-03-31 02421594 e:ShareCapital 2022-03-31 02421594 e:ShareCapital 2021-04-01 02421594 e:CapitalRedemptionReserve 2023-03-31 02421594 e:CapitalRedemptionReserve 1 2022-04-01 2023-03-31 02421594 e:CapitalRedemptionReserve 2 2022-04-01 2023-03-31 02421594 e:CapitalRedemptionReserve 2022-03-31 02421594 e:CapitalRedemptionReserve 2021-04-01 02421594 e:InvestmentPropertiesRevaluationReserve 2022-04-01 2023-03-31 02421594 e:InvestmentPropertiesRevaluationReserve 2023-03-31 02421594 e:InvestmentPropertiesRevaluationReserve 1 2022-04-01 2023-03-31 02421594 e:InvestmentPropertiesRevaluationReserve 2 2022-04-01 2023-03-31 02421594 e:InvestmentPropertiesRevaluationReserve 2022-03-31 02421594 e:InvestmentPropertiesRevaluationReserve 2021-04-01 02421594 e:RetainedEarningsAccumulatedLosses 2022-04-01 2023-03-31 02421594 e:RetainedEarningsAccumulatedLosses 2023-03-31 02421594 e:RetainedEarningsAccumulatedLosses 1 2022-04-01 2023-03-31 02421594 e:RetainedEarningsAccumulatedLosses 2 2022-04-01 2023-03-31 02421594 e:RetainedEarningsAccumulatedLosses 2021-04-01 2022-03-31 02421594 e:RetainedEarningsAccumulatedLosses 2022-03-31 02421594 e:RetainedEarningsAccumulatedLosses 2021-04-01 02421594 e:AcceleratedTaxDepreciationDeferredTax 2023-03-31 02421594 e:AcceleratedTaxDepreciationDeferredTax 2022-03-31 02421594 e:OtherDeferredTax 2023-03-31 02421594 e:OtherDeferredTax 2022-03-31 02421594 d:FRS102 2022-04-01 2023-03-31 02421594 d:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 02421594 d:FullAccounts 2022-04-01 2023-03-31 02421594 d:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02421594 f:AdministrativeExpenses 2022-04-01 2023-03-31 02421594 f:AdministrativeExpenses 2021-04-01 2022-03-31 02421594 f:AdministrativeExpenses f:Item1 2022-04-01 2023-03-31 02421594 f:AdministrativeExpenses f:Item1 2021-04-01 2022-03-31 02421594 f:AdministrativeExpenses f:Item2 2022-04-01 2023-03-31 02421594 f:AdministrativeExpenses f:Item2 2021-04-01 2022-03-31 02421594 f:AdministrativeExpenses f:Item3 2022-04-01 2023-03-31 02421594 f:AdministrativeExpenses f:Item3 2021-04-01 2022-03-31 02421594 f:AdministrativeExpenses f:Item6 2022-04-01 2023-03-31 02421594 f:AdministrativeExpenses f:Item6 2021-04-01 2022-03-31 02421594 f:Item1 2022-04-01 2023-03-31 02421594 f:Item1 2021-04-01 2022-03-31 02421594 f:Item4 2022-04-01 2023-03-31 02421594 f:Item4 2021-04-01 2022-03-31 02421594 f:Item9 2022-04-01 2023-03-31 02421594 f:Item9 2021-04-01 2022-03-31 02421594 g:PoundSterling 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 02421594










PORTWAY FARMS LIMITED








UNAUDITED

DIRECTORS' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

 
PORTWAY FARMS LIMITED
 

COMPANY INFORMATION


Directors
Mrs S H Nicholson 
Mrs H C Tylor 
Mr S V Tylor 




Registered number
02421594



Registered office
The Management Office
Kirtlington Business Centre

Slade Farm

Kirtlington

Oxfordshire

OX5 3JA




Accountants
James Cowper Kreston
Chartered Accountants

2 Communications Road

Greenham Business Park

Greenham

Newbury

Berkshire

RG19 6AB





 
PORTWAY FARMS LIMITED
 

CONTENTS



Page
Directors' report
1
Accountants' report
2
Statement of comprehensive income
3
Balance sheet
4 - 5
Statement of changes in equity
6 - 7
Notes to the financial statements
8 - 15
The following pages do not form part of the statutory financial statements:

Detailed profit and loss account and summaries
16 - 18


 
PORTWAY FARMS LIMITED
 

 
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2023

The directors present their report and the financial statements for the year ended 31 March 2023.

Directors

The directors who served during the year were:

Mrs S H Nicholson 
Mrs H C Tylor 
Mr S V Tylor 

Small companies note

In preparing this report, the directors have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report was approved by the board and signed on its behalf.
 





................................................
Mrs S H Nicholson
Director

Date: 8 February 2024

Page 1

 
PORTWAY FARMS LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF PORTWAY FARMS LIMITED
FOR THE YEAR ENDED 31 MARCH 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Portway Farms Limited for the year ended 31 March 2023 which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the Board of directors of Portway Farms Limited, as a body, in accordance with the terms of our engagement letter dated 31 March 2020Our work has been undertaken solely to prepare for your approval the financial statements of Portway Farms Limited  and state those matters that we have agreed to state to the Board of directors of Portway Farms Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Portway Farms Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Portway Farms Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Portway Farms Limited. You consider that Portway Farms Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Portway Farms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



James Cowper Kreston
 
Chartered Accountants
  
2 Communications Road
Greenham Business Park
Greenham
Newbury
Berkshire
RG19 6AB
8 February 2024
Page 2

 
PORTWAY FARMS LIMITED
 

STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2023

2023
2022
£
£

  

Administrative expenses
  
(56,616)
(60,852)

Other operating income
  
88,853
72,837

Fair value movements
  
430,000
-

Operating profit
  
462,237
11,985

Interest receivable and similar income
  
60
3

Interest payable and similar expenses
  
(3,694)
(1,775)

Profit before tax
  
458,603
10,213

Tax on profit
  
(205,977)
(2,577)

Profit for the financial year
  
252,626
7,636

The notes on pages 8 to 15 form part of these financial statements.

Page 3

 
PORTWAY FARMS LIMITED
REGISTERED NUMBER: 02421594

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
114
142

Investments
 5 
38,963
37,897

Investment property
 6 
4,163,000
3,733,000

  
4,202,077
3,771,039

Current assets
  

Debtors: amounts falling due within one year
 7 
11,648
11,888

Cash at bank and in hand
 8 
29,800
17,958

  
41,448
29,846

Creditors: amounts falling due within one year
 9 
(31,111)
(28,681)

Net current assets
  
 
 
10,337
 
 
1,165

Total assets less current liabilities
  
4,212,414
3,772,204

Creditors: amounts falling due after more than one year
 10 
(92,317)
(103,535)

Provisions for liabilities
  

Deferred tax
 12 
(488,239)
(289,437)

  
 
 
(488,239)
 
 
(289,437)

Net assets
  
3,631,858
3,379,232


Capital and reserves
  

Called up share capital 
  
82,001
82,001

Capital redemption reserve
 13 
14,000
14,000

Investment property reserve
 13 
3,331,218
3,389,468

Profit and loss account
 13 
204,639
(106,237)

  
3,631,858
3,379,232


Page 4

 
PORTWAY FARMS LIMITED
REGISTERED NUMBER: 02421594

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mrs S H Nicholson
Director

Date: 8 February 2024

The notes on pages 8 to 15 form part of these financial statements.

Page 5

 
PORTWAY FARMS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2023


Called up share capital
Capital redemption reserve
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 April 2022
82,001
14,000
3,389,468
(106,237)
3,379,232


Comprehensive income for the year

Profit for the year
-
-
-
252,626
252,626

Fair value adjustments
-
-
-
58,250
58,250

Revaluation movement
-
-
322,500
-
322,500

Other revaluation movement
-
-
(380,750)
-
(380,750)


At 31 March 2023
82,001
14,000
3,331,218
204,639
3,631,858


The notes on pages 8 to 15 form part of these financial statements.

Page 6

 
PORTWAY FARMS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2022


Called up share capital
Capital redemption reserve
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£
£

At 1 April 2021
82,001
14,000
3,389,468
(113,873)
3,371,596


Comprehensive income for the year

Profit for the year
-
-
-
7,636
7,636


At 31 March 2022
82,001
14,000
3,389,468
(106,237)
3,379,232


The notes on pages 8 to 15 form part of these financial statements.

Page 7

 
PORTWAY FARMS LIMITED
 

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

1.


General information

Portway Farms Limited is a private company, limited by shares, registered in England and Wales.  The company's registered number is 02421594. 

The company's registered office is: The Management Office, Kirtlington Business Centre, Slade Farm, Kirtlington, Oxfordshire, OX5 3JA. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 8

 
PORTWAY FARMS LIMITED
 

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

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.4

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

  
2.5

Fixed asset investments

Fixed asset investments, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of comprehensive income for the period. 

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 9

 
PORTWAY FARMS LIMITED
 

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

2.Accounting policies (continued)

 
2.9

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.

Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of
financial assets and liabilities like trade and other debtors and creditors, loans from banks and other
third parties, loans to related parties and investments in ordinary shares.


3.


Employees

2023
2022
£
£

Wages and salaries
20,892
12,942

20,892
12,942


The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Average Number of Employees
3
3

Page 10

 
PORTWAY FARMS LIMITED
 

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

4.


Tangible fixed assets





Fixtures and fittings

£



Cost or valuation


At 1 April 2022
700



At 31 March 2023

700



Depreciation


At 1 April 2022
558


Charge for the year on owned assets
28



At 31 March 2023

586



Net book value



At 31 March 2023
114



At 31 March 2022
142


5.


Fixed asset investments





Interest in other participating interest

£



Cost or valuation


At 1 April 2022
37,897


Revaluations
1,066



At 31 March 2023
38,963




The participating interest is in Kirtlington Farms, a farming partnership situated in England. The company has a 7.5% right to the profits and losses and fixed capital of the partnership.

Page 11

 
PORTWAY FARMS LIMITED
 

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

6.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
3,733,000


Surplus on revaluation
430,000



At 31 March 2023
4,163,000

The 2023 valuations were made by the Directors, on an open market value for existing use basis.

2023
2022
£
£

Revaluation reserves


At 1 April 2022
3,389,468
3,389,468

Revaluation reserve movement
(58,250)
-

At 31 March 2023
3,331,218
3,389,468




Page 12

 
PORTWAY FARMS LIMITED
 

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

7.


Debtors

2023
2022
£
£


Trade debtors
6,492
6,816

Other debtors
4,134
4,134

Prepayments and accrued income
1,022
938

11,648
11,888



8.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
29,800
17,958

29,800
17,958



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,353
10,353

Trade creditors
5,324
7,013

Corporation tax
5,977
2,552

Other creditors
4,270
3,871

Accruals and deferred income
5,187
4,892

31,111
28,681


The following liabilities were secured:

2023
2022
£
£



Bank loans
10,353
10,353

10,353
10,353

Details of security provided:

The bank loan is secured on the freehold land known as:

i) Land on the north side of Akeman Street,
ii) 1 Stud Farm Cottage, Chesterton, Bicester

Page 13

 
PORTWAY FARMS LIMITED
 

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

10.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
92,317
103,535

92,317
103,535


The following liabilities were secured:

2023
2022
£
£



Bank loans
92,317
103,535

92,317
103,535

Details of security provided:

The loan is secured on the freehold land known as:

i) Land on the north side of Akeman Street, and
ii) Home Farm, Kirtlington Park, Kirtlington OX5 3JL.


11.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,353
10,353


10,353
10,353


Amounts falling due 2-5 years

Bank loans
41,412
41,412


41,412
41,412

Amounts falling due after more than 5 years

Bank loans
50,905
62,122

50,905
62,122

102,670
113,887


Page 14

 
PORTWAY FARMS LIMITED
 

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

12.


Deferred taxation




2023


£






At beginning of year
(289,437)


Charged to profit or loss
(198,802)



At end of year
(488,239)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
11
(25)

Fixed asset timing differences on investment property revaluations
(488,250)
(289,412)

(488,239)
(289,437)


13.


Reserves

Investment property revaluation reserve

Investment property revaluation reserve: where financial instruments and investment properties are measured at fair value a transfer is made to the fair value reserve, instead of a transfer to retained earnings, to assist with the identification of profits available for distribution.


14.


Related party transactions

At the year end £2,606 was due from directors to the Company (2022: £2,606).
                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              During the year the company received a share of the Kirtlington Farms' trading profit of £1,606 (2022: £1,987) and charged rent to Kirtlington Farms of £13,700 (2021: £13,700).

Page 15

 
PORTWAY FARMS LIMITED
 

DETAILED PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023

2023
2022
£
£

Other operating income
  
88,853
72,837

Less: overheads
  

Administration expenses
  
(56,616)
(60,853)

Fair value movements
  
430,000
-

Operating profit
  
462,237
11,984

Interest receivable
  
60
3

Interest payable
  
(3,694)
(1,774)

Profit for the year
  
458,603
10,213

Page 16

 
PORTWAY FARMS LIMITED
 

 
SCHEDULE TO THE DETAILED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
£
£

Other operating income

Vermin control
9,000
-

Net rents receivable
78,630
70,694

Kirtlington Farms partnership
1,066
1,987

Wayleaves
157
156

88,853
72,837


2023
2022
£
£

Administration expenses

Directors salaries
13,000
13,000

Wages
7,892
(58)

Water rates and cesspit emptying
-
501

Light and heat
151
63

Insurances
937
-

Telephone
506
65

Advertising
144
252

Subscriptions
123
123

Bank charges
104
-

Management office expenses
800
1,005

Repairs and maintenance of properties
22,196
24,783

Sundry expenses
(254)
100

Legal and professional fees
-
9,778

Accountancy fees
5,449
5,080

Management and bookkeeping fees
3,987
4,388

Garden clearance and maintanance
1,553
1,738

Depreciation - fixtures and fittings
28
35

56,616
60,853


2023
2022
£
£

Interest receivable

Bank interest receivable
60
3

60
3


Page 17

 
PORTWAY FARMS LIMITED
 

 
SCHEDULE TO THE DETAILED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2023
2023
2022
£
£

Interest payable

Bank loan interest payable
3,694
1,774

3,694
1,774


Page 18