REGISTERED NUMBER: |
AUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JUNE 2023 TO 31 OCTOBER 2023 |
FOR |
HOME FARM BEEBY LIMITED |
REGISTERED NUMBER: |
AUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 1 JUNE 2023 TO 31 OCTOBER 2023 |
FOR |
HOME FARM BEEBY LIMITED |
HOME FARM BEEBY LIMITED (REGISTERED NUMBER: 14084811) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the period 1 June 2023 to 31 October 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
HOME FARM BEEBY LIMITED |
COMPANY INFORMATION |
for the period 1 June 2023 to 31 October 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Statutory Auditor |
Unit 2, Charnwood Edge Business Park |
Syston Road |
Leicestershire |
LE7 4UZ |
HOME FARM BEEBY LIMITED (REGISTERED NUMBER: 14084811) |
BALANCE SHEET |
31 October 2023 |
2023 | 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
HOME FARM BEEBY LIMITED (REGISTERED NUMBER: 14084811) |
NOTES TO THE FINANCIAL STATEMENTS |
for the period 1 June 2023 to 31 October 2023 |
1. | STATUTORY INFORMATION |
Home Farm Beeby Limited is a private limited company, limited by shares, registered in England and Wales. Its registered office address is First Floor, One Colton Square, Leicester, United Kingdom, LE1 1QH and the registered number is 14084811. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £. |
Note on change in reporting period |
In accordance with FRS 102, Section 3.10, the company has changed its reporting period to align with the reporting periods of its group companies. The previous reporting period was for 11 months ending on 31 May 2023. The new reporting period is for 5 months ending on 31 October 2023. This change has been implemented to facilitate the consolidation of financial statements within the group and improve the comparability of financial information. |
Users of these financial statements should note that the current period figures are not directly comparable to the prior period figures due to the difference in the length of the reporting periods. |
Going concern |
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements. |
Tangible fixed assets |
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. |
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, both the straight line and reducing balance method as detailed below. |
Depreciation is provided on the following basis: |
Assets in the course of construction | Not depreciated |
Financial instruments |
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. |
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
HOME FARM BEEBY LIMITED (REGISTERED NUMBER: 14084811) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 June 2023 to 31 October 2023 |
2. | ACCOUNTING POLICIES - continued |
Taxation |
The tax expense for the year comprises current and deferred tax. |
Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. |
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that: |
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and |
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. |
Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Debtors |
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. |
Cash and cash equivalents |
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. |
Creditors |
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL (2023 - NIL). |
4. | TANGIBLE FIXED ASSETS |
Assets in |
the |
course of |
construction |
£ |
COST |
At 1 June 2023 |
and 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
At 31 May 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2023 |
£ | £ |
Other debtors |
HOME FARM BEEBY LIMITED (REGISTERED NUMBER: 14084811) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the period 1 June 2023 to 31 October 2023 |
6. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
7. | ULTIMATE CONTROLLING PARTY |
The company is a subsidiary of Home Farm Beeby Holdings Limited, which is ultimately controlled by C R F Shield. |