REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 August 2023 |
for |
BUSBY FARM HOLDINGS (STOKESLEY) LIMITED |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 August 2023 |
for |
BUSBY FARM HOLDINGS (STOKESLEY) LIMITED |
BUSBY FARM HOLDINGS (STOKESLEY) LIMITED (REGISTERED NUMBER: 01181822) |
Contents of the Financial Statements |
for the year ended 31 August 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
BUSBY FARM HOLDINGS (STOKESLEY) LIMITED |
Company Information |
for the year ended 31 August 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
31-33 Victoria Road |
Darlington |
Co. Durham |
DL1 5SB |
SOLICITORS: |
34 Myton Road |
Ingleby Barwick |
Stockton on Tees |
TS17 0WG |
BUSBY FARM HOLDINGS (STOKESLEY) LIMITED (REGISTERED NUMBER: 01181822) |
Balance Sheet |
31 August 2023 |
2023 | 2022 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
BUSBY FARM HOLDINGS (STOKESLEY) LIMITED (REGISTERED NUMBER: 01181822) |
Notes to the Financial Statements |
for the year ended 31 August 2023 |
1. | STATUTORY INFORMATION |
Busby Farm Holdings (Stokesley) Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Other Creditors | 10,569 | 10,196 |
Corporation Tax | 2 | 2 |
Accrued expenses |
BUSBY FARM HOLDINGS (STOKESLEY) LIMITED (REGISTERED NUMBER: 01181822) |
Notes to the Financial Statements - continued |
for the year ended 31 August 2023 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - continued |
Other creditors includes a loan account with NF Seymour & Son of £10,340 (2022 £9,967), a business controlled by Mr T F Seymour, one of the company's directors. |
6. | CONTINGENT CONSIDERATION: |
In 1998 the Company sold all of its land at Thirsk Road, Stokesley. The company will be entitled to further consideration from the purchasers if this land is subsequently sold for development. |
7. | GOING CONCERN |
The accounts have been drawn up on the going concern basis and related party loans will not be repaid until all other creditors have been satisfied. |