Year Ended
Registration number:
Blackaton Manor Farm Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Blackaton Manor Farm Limited
Company Information
Directors |
Mr M S Jones Mrs S T Raynor |
Company secretary |
Mrs S T Raynor |
Registered office |
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Accountants |
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Blackaton Manor Farm Limited
Balance Sheet
31 October 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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Blackaton Manor Farm Limited
Balance Sheet
31 October 2023
For the financial year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Company Registration Number: 01221612
Blackaton Manor Farm Limited
Notes to the Unaudited Financial Statements
Year Ended 31 October 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office and principal place of business is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
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 Section 1A, and the Companies Act 2006. There are no material departures from FRS102.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis. This assumes that the company will continue in operational existence for the foreseeable future.
The company is reliant on the continued financial support of the company's directors and bankers and the directors are satisfied that the accounts should be prepared on the going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable (excluding Value Added Tax) for the sale of goods and provision of services in the ordinary course of the company’s activities.
The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the entity.
Tangible assets
Tangible assets are stated at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Blackaton Manor Farm Limited
Notes to the Unaudited Financial Statements
Year Ended 31 October 2023
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Land and buildings |
Not depreciated |
Plant and machinery |
10-25% reducing balance |
Fixture and fittings |
10% reducing balance |
Stocks
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.
Financial instruments
Classification
• Short term trade and other debtors and creditors;
• Cash and bank balances; and
• Preference shares.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Blackaton Manor Farm Limited
Notes to the Unaudited Financial Statements
Year Ended 31 October 2023
Tangible assets |
Land and buildings |
Furniture, fittings and equipment |
Plant and machinery |
Total |
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Cost or valuation |
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At 1 November 2022 |
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At 31 October 2023 |
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Depreciation |
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At 1 November 2022 |
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Charge for the year |
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At 31 October 2023 |
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Carrying amount |
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At 31 October 2023 |
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At 31 October 2022 |
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Included within the net book value of land and buildings above is £455,539 (2022 - £455,539) in respect of freehold land and buildings.
Stocks |
2023 |
2022 |
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Stock |
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Blackaton Manor Farm Limited
Notes to the Unaudited Financial Statements
Year Ended 31 October 2023
Debtors |
2023 |
2022 |
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Trade debtors |
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Other debtors |
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Creditors |
Note |
2023 |
2022 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Social security and other taxes |
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Other creditors |
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Accrued expenses |
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Loans and borrowings |
2023 |
2022 |
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Current loans and borrowings |
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Redeemable preference shares |
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The redeemable preference shares are redeemable at the option of the shareholder. They are redeemable at £1 per share and carry no voting rights. Each preference share is entitled to a fixed preferential dividend at an annual rate of 0.25% of the original subscription price, to be paid when the board determines. On a winding up, the holders of the preference shares shall be paid in priority to the ordinary shareholders.
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
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No. |
£ |
No. |
£ |
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350,000 |
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350,000 |