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REGISTERED NUMBER: 14489022 (England and Wales)






















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: R J C Price
J G White





REGISTERED OFFICE: Third Floor
95 The Promenade
Cheltenham
Gloucestershire
GL50 1HH





REGISTERED NUMBER: 14489022 (England and Wales)





ACCOUNTANTS: George Hay & Company
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 10,003,372
Investments 6 50
10,003,422

CURRENT ASSETS
Stocks 7 2,837,607
Debtors 8 391,064
Cash at bank 521,966
3,750,637
CREDITORS
Amounts falling due within one year 9 11,631,407
NET CURRENT LIABILITIES (7,880,770 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,122,652

CREDITORS
Amounts falling due after more than one
year

10

1,125,000
NET ASSETS 997,652

CAPITAL AND RESERVES
Called up share capital 11 2
Retained earnings 12 997,650
SHAREHOLDERS' FUNDS 997,652

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 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.

EARLS COURT FARM (BERKSHIRE) LIMITED (REGISTERED NUMBER: 14489022)

BALANCE SHEET - continued
31ST DECEMBER 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st July 2024 and were signed on its behalf by:





J G White - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Grain store - Straight line over 5 years
Plant and machinery - Straight line over 5 years
Office equipment - Straight line over 5 years
Motor vehicles - Straight line over 5 years

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 14 .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
Disposals (20,150 )
Transfer to ownership 20,150
At 31st December 2023 -
AMORTISATION
Eliminated on disposal (20,150 )
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 497,730 - 6,888
Transfer to ownership 8,405,474 191,496 3,373,020
At 31st December 2023 8,903,204 191,496 3,379,908
DEPRECIATION
Charge for period - - 386,219
Transfer to ownership - 191,496 1,977,328
At 31st December 2023 - 191,496 2,363,547
NET BOOK VALUE
At 31st December 2023 8,903,204 - 1,016,361

Office Motor
equipment vehicles Totals
£    £    £   
COST
Additions - 22,991 527,609
Transfer to ownership 19,692 122,593 12,112,275
At 31st December 2023 19,692 145,584 12,639,884
DEPRECIATION
Charge for period 1,270 19,880 407,369
Transfer to ownership 11,498 48,821 2,229,143
At 31st December 2023 12,768 68,701 2,636,512
NET BOOK VALUE
At 31st December 2023 6,924 76,883 10,003,372

6. FIXED ASSET INVESTMENTS
Investments
£   
COST
Additions 50
At 31st December 2023 50
NET BOOK VALUE
At 31st December 2023 50

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 442,272
Work-in-progress 309,001
Finished goods 1,983,802
Livestock 102,532
2,837,607

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 262,264
Amounts owed by group undertakings 2
Other debtors 696
Prepayments and accrued income 128,102
391,064

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 322,395
Amounts owed to group undertakings 11,072,819
Tax 162,099
Other creditors 54,991
Accruals and deferred income 19,103
11,631,407

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Amounts owed to group undertakings 1,125,000

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
2 Ordinary 1 2

12. RESERVES
Retained
earnings
£   

Profit for the period 997,650
At 31st December 2023 997,650