IRIS Accounts Production v24.2.0.383 01259501 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012595012023-03-31012595012024-03-31012595012023-04-012024-03-31012595012022-03-31012595012022-04-012023-03-31012595012023-03-3101259501ns15:EnglandWales2023-04-012024-03-3101259501ns14:PoundSterling2023-04-012024-03-3101259501ns10:Director12023-04-012024-03-3101259501ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101259501ns10:SmallEntities2023-04-012024-03-3101259501ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3101259501ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101259501ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101259501ns10:AbridgedAccounts2023-04-012024-03-3101259501ns10:OrdinaryShareClass22023-04-012024-03-3101259501ns10:Director22023-04-012024-03-3101259501ns10:CompanySecretary12023-04-012024-03-3101259501ns10:RegisteredOffice2023-04-012024-03-3101259501ns5:CurrentFinancialInstruments2024-03-3101259501ns5:CurrentFinancialInstruments2023-03-3101259501ns5:ShareCapital2024-03-3101259501ns5:ShareCapital2023-03-3101259501ns5:RetainedEarningsAccumulatedLosses2024-03-3101259501ns5:RetainedEarningsAccumulatedLosses2023-03-3101259501ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-04-012024-03-3101259501ns5:LeaseholdImprovements2023-04-012024-03-3101259501ns10:OrdinaryShareClass22024-03-31
REGISTERED NUMBER: 01259501 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 March 2024

for

W & R Parrish (Farms) Limited

W & R Parrish (Farms) Limited (Registered number: 01259501)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


W & R Parrish (Farms) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R W Parrish
Mrs M E Parrish





SECRETARY: R W Parrish





REGISTERED OFFICE: Low Barns Farm
12 Mill Lane
Arrington
Royston
Hertfordshire
SG8 0DB





REGISTERED NUMBER: 01259501 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

W & R Parrish (Farms) Limited (Registered number: 01259501)

Abridged Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,980 2,980
Investments 5 586,015 575,020
588,995 578,000

CREDITORS
Amounts falling due within one year 1,353 7,553
NET CURRENT LIABILITIES (1,353 ) (7,553 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

587,642

570,447

CAPITAL AND RESERVES
Called up share 6 30,000 30,000
Retained earnings 557,642 540,447
SHAREHOLDERS' FUNDS 587,642 570,447

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 July 2024 and were signed on its behalf by:





R W Parrish - Director


W & R Parrish (Farms) Limited (Registered number: 01259501)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

W & R Parrish (Farms) 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.

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.

Turnover
Turnover represents the profit share from an investment in a farming partnership.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - No depreciation
Improvements to property - 10% on cost

Investments in associates
Investments in associate undertakings are recognised at cost.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Associate undertaking
The company has entered into a partnership arrangement with two other individuals as set out in note 10 below. This comprises an associated undertaking in accordance with FRS 9. The company takes advantage of the small companies exemption not to prepare group accounts and the appropriate disclosures relating to the associated undertaking are set out in note 10.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

W & R Parrish (Farms) Limited (Registered number: 01259501)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 16,489
DEPRECIATION
At 1 April 2023
and 31 March 2024 13,509
NET BOOK VALUE
At 31 March 2024 2,980
At 31 March 2023 2,980

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023 575,020
Additions 10,995
At 31 March 2024 586,015
NET BOOK VALUE
At 31 March 2024 586,015
At 31 March 2023 575,020

The partnership investment relates to an interest held in Parrish Farms. Additions in the year are net transactions between the partnership and W & R Parrish (Farms) Ltd including the profit share received.

6. CALLED UP SHARE

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
30,000 Ordinary £1 30,000 30,000