REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
16TH NOVEMBER 2022 TO 31ST DECEMBER 2023 |
FOR |
EARLS COURT FARM (BERKSHIRE) LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD |
16TH NOVEMBER 2022 TO 31ST DECEMBER 2023 |
FOR |
EARLS COURT FARM (BERKSHIRE) LIMITED |
EARLS COURT FARM (BERKSHIRE) LIMITED (REGISTERED NUMBER: 14489022) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 16TH NOVEMBER 2022 TO 31ST DECEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
EARLS COURT FARM (BERKSHIRE) LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 16TH NOVEMBER 2022 TO 31ST DECEMBER 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
83 Cambridge Street |
London |
SW1V 4PS |
EARLS COURT FARM (BERKSHIRE) LIMITED (REGISTERED NUMBER: 14489022) |
BALANCE SHEET |
31ST DECEMBER 2023 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Stocks | 7 |
Debtors | 8 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 9 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
10 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 11 |
Retained earnings | 12 |
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. |
EARLS COURT FARM (BERKSHIRE) LIMITED (REGISTERED NUMBER: 14489022) |
BALANCE SHEET - continued |
31ST DECEMBER 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 |
EARLS COURT FARM (BERKSHIRE) LIMITED (REGISTERED NUMBER: 14489022) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 16TH NOVEMBER 2022 TO 31ST DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Earls Court Farm (Berkshire) Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover represents the invoiced value of goods and services provided to third parties, excluding value added tax and trade discounts. |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Development costs have been fully amortised in the current period. |
Tangible fixed assets |
Grain store | - |
Plant and machinery | - |
Office equipment | - |
Motor vehicles | - |
Stocks |
Inventories, also known as stocks are stated at the lower of cost and net realisable value. Net realisable value is based on estimated selling price less any further costs expected to be incurred to completion and disposal. |
Taxation |
Taxation for the period 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. |
EARLS COURT FARM (BERKSHIRE) LIMITED (REGISTERED NUMBER: 14489022) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 16TH NOVEMBER 2022 TO 31ST DECEMBER 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 period 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. |
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. |
Investments |
Investments in shares are included at cost. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
Disposals | ( |
) |
Transfer to ownership | 20,150 |
At 31st December 2023 |
AMORTISATION |
Eliminated on disposal | ( |
) |
Transfer to ownership | 20,150 |
At 31st December 2023 |
NET BOOK VALUE |
At 31st December 2023 |
EARLS COURT FARM (BERKSHIRE) LIMITED (REGISTERED NUMBER: 14489022) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 16TH NOVEMBER 2022 TO 31ST DECEMBER 2023 |
5. | TANGIBLE FIXED ASSETS |
Freehold |
property, |
land and |
building | Grain | Plant and |
improvements | store | machinery |
£ | £ | £ |
COST |
Additions |
Transfer to ownership | 8,405,474 | 191,496 | 3,373,020 |
At 31st December 2023 |
DEPRECIATION |
Charge for period |
Transfer to ownership | - | 191,496 | 1,977,328 |
At 31st December 2023 |
NET BOOK VALUE |
At 31st December 2023 |
Office | Motor |
equipment | vehicles | Totals |
£ | £ | £ |
COST |
Additions |
Transfer to ownership | 19,692 | 122,593 | 12,112,275 |
At 31st December 2023 |
DEPRECIATION |
Charge for period |
Transfer to ownership | 11,498 | 48,821 | 2,229,143 |
At 31st December 2023 |
NET BOOK VALUE |
At 31st December 2023 |
6. | FIXED ASSET INVESTMENTS |
Investments |
£ |
COST |
Additions |
At 31st December 2023 |
NET BOOK VALUE |
At 31st December 2023 |
EARLS COURT FARM (BERKSHIRE) LIMITED (REGISTERED NUMBER: 14489022) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 16TH NOVEMBER 2022 TO 31ST DECEMBER 2023 |
7. | STOCKS |
£ |
Raw materials |
Work-in-progress |
Finished goods |
Livestock | 102,532 |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
Prepayments and accrued income |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
Amounts owed to group undertakings |
Tax |
Other creditors |
Accruals and deferred income |
10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Amounts owed to group undertakings |
11. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | 1 | 2 |
12. | RESERVES |
Retained |
earnings |
£ |
Profit for the period |
At 31st December 2023 |