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REGISTERED NUMBER: 10806062 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

THE CATTLE YARD LTD

THE CATTLE YARD LTD (REGISTERED NUMBER: 10806062)

Contents of the Financial Statements
for the year ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE CATTLE YARD LTD

Company Information
for the year ended 30 June 2023







DIRECTORS: T R Montgomery
Ms L H Montgomery





REGISTERED OFFICE: Little Brooksend Farm
Canterbury Road
Brooksend
Birchington
Kent
CT7 0JW





REGISTERED NUMBER: 10806062 (England and Wales)





ACCOUNTANTS: Thorne Lancaster Parker
5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA

THE CATTLE YARD LTD (REGISTERED NUMBER: 10806062)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,226,561 928,199

CURRENT ASSETS
Debtors 5 14,627 26,002
Cash at bank 30,131 30,826
44,758 56,828
CREDITORS
Amounts falling due within one year 6 1,275,299 981,629
NET CURRENT LIABILITIES (1,230,541 ) (924,801 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,980

)

3,398

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (4,080 ) 3,298
SHAREHOLDERS' FUNDS (3,980 ) 3,398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 CATTLE YARD LTD (REGISTERED NUMBER: 10806062)

Balance Sheet - continued
30 June 2023


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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 April 2024 and were signed on its behalf by:





T R Montgomery - Director


THE CATTLE YARD LTD (REGISTERED NUMBER: 10806062)

Notes to the Financial Statements
for the year ended 30 June 2023


1. STATUTORY INFORMATION

The Cattle Yard Ltd 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.

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.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Property under construction represents the cost of asset under development. The cost comprises acquisition cost, direct labour, material purchased and overheads, where appropriate.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% on cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income, 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.

THE CATTLE YARD LTD (REGISTERED NUMBER: 10806062)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has the following basic financial instruments.

Basic financial assets
Trade and other debtors, loans, cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Basic financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities
Other creditors, directors' current accounts and accruals are initially recognised at transaction price and subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

THE CATTLE YARD LTD (REGISTERED NUMBER: 10806062)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


4. PROPERTY, PLANT AND EQUIPMENT
Property
under Plant and Computer
construction machinery equipment Totals
£    £    £    £   
COST
At 1 July 2022 920,126 10,764 - 930,890
Additions 295,186 595 3,880 299,661
At 30 June 2023 1,215,312 11,359 3,880 1,230,551
DEPRECIATION
At 1 July 2022 - 2,691 - 2,691
Charge for year - 329 970 1,299
At 30 June 2023 - 3,020 970 3,990
NET BOOK VALUE
At 30 June 2023 1,215,312 8,339 2,910 1,226,561
At 30 June 2022 920,126 8,073 - 928,199

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 701 -
VAT 13,926 26,002
14,627 26,002

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other loans 142,217 152,950
Trade creditors 69,129 69,130
Other creditors 5,060 4,340
Directors' current accounts 1,058,893 755,209
1,275,299 981,629

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary 1 100 100

THE CATTLE YARD LTD (REGISTERED NUMBER: 10806062)

Notes to the Financial Statements - continued
for the year ended 30 June 2023


8. ULTIMATE CONTROLLING PARTY

The controlling party is T R Montgomery.