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REGISTERED NUMBER: 10060007 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CHERRY GARDENS FARM LIMITED

CHERRY GARDENS FARM LIMITED (REGISTERED NUMBER: 10060007)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHERRY GARDENS FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Ms K M Munden
J F Wellman





SECRETARY: Ms K M Munden





REGISTERED OFFICE: Cherry Gardens Farm Cherry Gardens Hill
Groombridge
Tunbridge Wells
Kent
TN3 9NY





REGISTERED NUMBER: 10060007 (England and Wales)





ACCOUNTANTS: Kelley & Lowe Limited
Gwynfa House
677 Princes Road
Dartford
Kent
DA2 6EF

CHERRY GARDENS FARM LIMITED (REGISTERED NUMBER: 10060007)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 96,374 126,178

CURRENT ASSETS
Stocks 23,743 25,042
Debtors 5 12,954 14,953
Cash at bank and in hand 60,921 73,381
97,618 113,376
CREDITORS
Amounts falling due within one year 6 187,757 245,365
NET CURRENT LIABILITIES (90,139 ) (131,989 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,235

(5,811

)

CREDITORS
Amounts falling due after more than one
year

7

-

(3,155

)

PROVISIONS FOR LIABILITIES (11,500 ) (9,260 )
NET LIABILITIES (5,265 ) (18,226 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (5,365 ) (18,326 )
(5,265 ) (18,226 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

CHERRY GARDENS FARM LIMITED (REGISTERED NUMBER: 10060007)

BALANCE SHEET - continued
31 MARCH 2024


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 17 July 2024 and were signed on its behalf by:





J F Wellman - Director


CHERRY GARDENS FARM LIMITED (REGISTERED NUMBER: 10060007)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Cherry Gardens Farm 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.

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.

The financial statements have been prepared on a going concern basis, not withstanding the deficiency of net assets, on the grounds that the director has confirmed the necessary funds will be made available to enable the company to meet its obligations as they fall due.

Turnover
Turnover 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
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 reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

CHERRY GARDENS FARM LIMITED (REGISTERED NUMBER: 10060007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 April 2023 296,986
Additions 1,628
Disposals 453
At 31 March 2024 299,067
DEPRECIATION
At 1 April 2023 170,808
Charge for year 31,432
Eliminated on disposal 453
At 31 March 2024 202,693
NET BOOK VALUE
At 31 March 2024 96,374
At 31 March 2023 126,178

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 2,296 4,057
Other debtors 10,658 10,896
12,954 14,953

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Hire purchase contracts (see note 8) 3,245 7,017
Trade creditors 14,272 16,736
Taxation and social security 5,069 2,678
Other creditors 165,171 218,934
187,757 245,365

CHERRY GARDENS FARM LIMITED (REGISTERED NUMBER: 10060007)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Hire purchase contracts (see note 8) - 3,155

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£ £
Net obligations repayable:
Within one year 3,245 7,017
Between one and five years - 3,155
3,245 10,172

Non-cancellable
operating leases
2024 2023
£ £
Within one year 8,800 8,800
Between one and five years 35,200 35,200
In more than five years - 8,800
44,000 52,800