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REGISTERED NUMBER: 01181822 (England and Wales)















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: M J Wilkinson
T F Seymour



SECRETARY: T F Seymour



REGISTERED OFFICE: 34 Myton Road
Ingleby Barwick
Stockton on Tees
TS17 0WG



REGISTERED NUMBER: 01181822 (England and Wales)



ACCOUNTANTS: King Hope
Chartered Accountants
31-33 Victoria Road
Darlington
Co. Durham
DL1 5SB



SOLICITORS: Punch Robson
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 4 895 895

CREDITORS
Amounts falling due within one year 5 10,968 10,583
NET CURRENT LIABILITIES (10,073 ) (9,688 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(10,073

)

(9,688

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (10,173 ) (9,788 )
SHAREHOLDERS' FUNDS (10,073 ) (9,688 )

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 March 2024 and were signed on its behalf by:





T F Seymour - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 895 895

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other Creditors 10,569 10,196
Corporation Tax 2 2
Accrued expenses 397 385
10,968 10,583

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.