REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
FOR |
PHEASANTRY FARMS AND BREWERY LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
FOR |
PHEASANTRY FARMS AND BREWERY LIMITED |
PHEASANTRY FARMS AND BREWERY LIMITED (REGISTERED NUMBER: 13042827) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
PHEASANTRY FARMS AND BREWERY LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
29 Arboretum Street |
Nottingham |
Nottinghamshire |
NG1 4JA |
PHEASANTRY FARMS AND BREWERY LIMITED (REGISTERED NUMBER: 13042827) |
BALANCE SHEET |
30 SEPTEMBER 2023 |
30.9.23 | 30.9.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investments | 5 |
CURRENT ASSETS |
Stocks | 6 |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 | 21,044 | 21,044 |
Capital redemption reserve | 10 | 17,703 | 17,703 |
Retained earnings | 10 | 10,391,960 | 9,991,525 |
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. |
PHEASANTRY FARMS AND BREWERY LIMITED (REGISTERED NUMBER: 13042827) |
BALANCE SHEET - continued |
30 SEPTEMBER 2023 |
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 |
PHEASANTRY FARMS AND BREWERY LIMITED (REGISTERED NUMBER: 13042827) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
1. | STATUTORY INFORMATION |
Pheasantry Farms And Brewery Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound. |
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. |
Turnover |
Turnover comprises the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts together with amounts receivable under the Basic Payment Scheme. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Freehold buildings - 0% to 5% on cost |
Leasehold land and buildings - 5% on cost |
Plant and machinery - 25% on reducing balance or 5%, 10% or 20% on cost |
Computer equipment - 25% on cost |
Fixtures and fittings - 20% on cost |
Motor vehicles - 25% on reducing balance |
Freehold land is not depreciated |
Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
Stocks |
Stocks and work in progress are stated at the lower of cost and net realisable value. Cost is determined on a first in first out basis, and includes all direct costs incurred and attributable production overheads. Net realisable value is based on estimated selling price allowing for all further costs of completion and disposal. |
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. |
PHEASANTRY FARMS AND BREWERY LIMITED (REGISTERED NUMBER: 13042827) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
2. | ACCOUNTING POLICIES - continued |
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. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
The company operates a defined contribution pension scheme and the pension charge in the profit and loss account represents the amounts payable by the company to the fund in respect of the year. |
Debtors and creditors receivable / payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price. |
Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses |
Investments |
Investments are accounted for at cost. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
PHEASANTRY FARMS AND BREWERY LIMITED (REGISTERED NUMBER: 13042827) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
4. | TANGIBLE FIXED ASSETS |
Freehold | Fixtures |
land and | Plant and | and |
buildings | machinery | fittings |
£ | £ | £ |
COST |
At 1 October 2022 |
Additions |
Disposals | ( |
) |
At 30 September 2023 |
DEPRECIATION |
At 1 October 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
At 30 September 2022 |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1 October 2022 |
Additions |
Disposals | ( |
) |
At 30 September 2023 |
DEPRECIATION |
At 1 October 2022 |
Charge for year |
Eliminated on disposal | ( |
) |
At 30 September 2023 |
NET BOOK VALUE |
At 30 September 2023 |
At 30 September 2022 |
Included in cost of land and buildings is freehold land of £ 7,340,210 (2022 - £ 5,487,470 ) which is not depreciated. |
PHEASANTRY FARMS AND BREWERY LIMITED (REGISTERED NUMBER: 13042827) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
5. | FIXED ASSET INVESTMENTS |
Shares in |
group | Unlisted |
undertakings | investments | Totals |
£ | £ | £ |
COST |
At 1 October 2022 |
and 30 September 2023 | 51 |
NET BOOK VALUE |
At 30 September 2023 | 51 |
At 30 September 2022 | 51 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: High Brecks Farm Lincoln Road, East Markham, Newark, England, England, NG22 0SN |
Nature of business: |
% |
Class of shares: | holding |
30.9.23 | 30.9.22 |
£ | £ |
Aggregate capital and reserves |
6. | STOCKS |
30.9.23 | 30.9.22 |
£ | £ |
Growing crops |
Crops in store |
Sundry stocks |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.23 | 30.9.22 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments |
PHEASANTRY FARMS AND BREWERY LIMITED (REGISTERED NUMBER: 13042827) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2023 |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.23 | 30.9.22 |
£ | £ |
Trade creditors |
Corporation tax |
Social security and other taxes |
Accrued expenses |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.23 | 30.9.22 |
value: | £ | £ |
A Ordinary | £1 | 11,003 | 11,003 |
'B' Ordinary Shares | £1 | 3,347 | 3,347 |
'C' Ordinary Shares | £1 | 3,347 | 3,347 |
3,347 | 'D' Ordinary Shares | £1 | 3,347 | 3,347 |
21,044 | 21,044 |
10. | RESERVES |
Capital |
Retained | redemption |
earnings | reserve | Totals |
£ | £ | £ |
At 1 October 2022 | 9,991,525 | 17,703 | 10,009,228 |
Profit for the year |
Dividends | ( |
) | ( |
) |
At 30 September 2023 | 10,391,960 | 17,703 | 10,409,663 |
11. | CAPITAL COMMITMENTS |
30.9.23 | 30.9.22 |
£ | £ |
Contracted but not provided for in the |
financial statements |