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Company Registration No. 07900634 (England and Wales)
STANSTED PARK FARM SHOP LTD Unaudited accounts for the year ended 31 December 2023
STANSTED PARK FARM SHOP LTD Unaudited accounts Contents
Page
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STANSTED PARK FARM SHOP LTD Company Information for the year ended 31 December 2023
Director
Viscount F A W Duncannon
Company Number
07900634 (England and Wales)
Registered Office
Broadreed Pond Cottage Stanstead Park Rowlands Castle Hampshire PO9 6DZ
Accountants
Babcock Tax & Accountancy Services Ltd The Florins, 8 Lulworth Close Hayling Island Hampshire PO11 0NY
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STANSTED PARK FARM SHOP LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
17,614 
22,743 
Current assets
Inventories
21,669 
23,851 
Debtors
5,412 
5,937 
Cash at bank and in hand
36,848 
41,208 
63,929 
70,996 
Creditors: amounts falling due within one year
(56,006)
(69,918)
Net current assets
7,923 
1,078 
Total assets less current liabilities
25,537 
23,821 
Creditors: amounts falling due after more than one year
(92,005)
(115,605)
Provisions for liabilities
Deferred tax
(6,535)
(6,535)
Net liabilities
(73,003)
(98,319)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(73,103)
(98,419)
Shareholders' funds
(73,003)
(98,319)
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 2 August 2024 and were signed on its behalf by
Viscount F A W Duncannon Director Company Registration No. 07900634
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STANSTED PARK FARM SHOP LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
STANSTED PARK FARM SHOP LTD is a private company, limited by shares, registered in England and Wales, registration number 07900634. The registered office is Broadreed Pond Cottage, Stanstead Park, Rowlands Castle, Hampshire, PO9 6DZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Short Leasehold - 10% on cost Plant & Machinery - 25% on reducing balance Fixtures & fittings - 25% on reducing balance Computer equipment - 33% on cost
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Leased assets
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
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STANSTED PARK FARM SHOP LTD Notes to the Accounts for the year ended 31 December 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 January 2023
4,180 
83,391 
21,761 
10,572 
119,904 
Additions
- 
518 
- 
292 
810 
At 31 December 2023
4,180 
83,909 
21,761 
10,864 
120,714 
Depreciation
At 1 January 2023
2,473 
67,528 
17,121 
10,039 
97,161 
Charge for the year
383 
4,030 
1,063 
463 
5,939 
At 31 December 2023
2,856 
71,558 
18,184 
10,502 
103,100 
Net book value
At 31 December 2023
1,324 
12,351 
3,577 
362 
17,614 
At 31 December 2022
1,707 
15,863 
4,640 
533 
22,743 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,562 
1,760 
Other debtors
2,850 
4,177 
5,412 
5,937 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,028 
1,307 
Trade creditors
27,249 
55,311 
Taxes and social security
1,440 
1,443 
Other creditors
24,387 
10,661 
Accruals
902 
1,196 
56,006 
69,918 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Other creditors
57,005 
20,605 
Loans from directors
35,000 
95,000 
92,005 
115,605 
8
Controlling party
The ultimate controlling party is Viscount F Duncannon and Mr S Edden
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STANSTED PARK FARM SHOP LTD Notes to the Accounts for the year ended 31 December 2023
9
Average number of employees
During the year the average number of employees was 11 (2022: 13).
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