Silverfin false false 31/03/2024 01/04/2023 31/03/2024 Mrs J M Rew 31/08/2021 Mrs K J Rew 31/08/2021 Miss A F Rew 31/08/2021 15 July 2024 The principal activity of the Company during the financial period was farming. 13594794 2024-03-31 13594794 bus:Director1 2024-03-31 13594794 bus:Director2 2024-03-31 13594794 bus:Director3 2024-03-31 13594794 2023-03-31 13594794 core:CurrentFinancialInstruments 2024-03-31 13594794 core:CurrentFinancialInstruments 2023-03-31 13594794 core:ShareCapital 2024-03-31 13594794 core:ShareCapital 2023-03-31 13594794 core:RetainedEarningsAccumulatedLosses 2024-03-31 13594794 core:RetainedEarningsAccumulatedLosses 2023-03-31 13594794 core:Goodwill 2023-03-31 13594794 core:Non-standardIntangibleAssetClass3ComponentIntangibleAssetsOtherThanGoodwill 2023-03-31 13594794 core:Goodwill 2024-03-31 13594794 core:Non-standardIntangibleAssetClass3ComponentIntangibleAssetsOtherThanGoodwill 2024-03-31 13594794 core:LandBuildings 2023-03-31 13594794 core:PlantMachinery 2023-03-31 13594794 core:LandBuildings 2024-03-31 13594794 core:PlantMachinery 2024-03-31 13594794 5 2024-03-31 13594794 5 2023-03-31 13594794 bus:OrdinaryShareClass1 2024-03-31 13594794 2023-04-01 2024-03-31 13594794 bus:FilletedAccounts 2023-04-01 2024-03-31 13594794 bus:SmallEntities 2023-04-01 2024-03-31 13594794 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13594794 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13594794 bus:Director1 2023-04-01 2024-03-31 13594794 bus:Director2 2023-04-01 2024-03-31 13594794 bus:Director3 2023-04-01 2024-03-31 13594794 core:Goodwill core:TopRangeValue 2023-04-01 2024-03-31 13594794 core:Non-standardIntangibleAssetClass3ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2023-04-01 2024-03-31 13594794 core:Goodwill 2023-04-01 2024-03-31 13594794 core:PlantMachinery 2023-04-01 2024-03-31 13594794 2022-04-01 2023-03-31 13594794 core:Non-standardIntangibleAssetClass3ComponentIntangibleAssetsOtherThanGoodwill 2023-04-01 2024-03-31 13594794 core:LandBuildings 2023-04-01 2024-03-31 13594794 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 13594794 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13594794 (England and Wales)

LANGFORD BRIDGE LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

LANGFORD BRIDGE LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

LANGFORD BRIDGE LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
LANGFORD BRIDGE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS Mrs J M Rew
Mrs K J Rew
Miss A F Rew
REGISTERED OFFICE Sigma House Oak View Close
Edginswell Park
Torquay
TQ2 7FF
United Kingdom
BUSINESS ADDRESS Langford Bridge Farm
Abbotskerswell
Newton Abbot
Devon
TQ12 5LA
COMPANY NUMBER 13594794 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Sigma House
Oak View Close
Edginswell Park
Torquay
TQ2 7FF
LANGFORD BRIDGE LIMITED

BALANCE SHEET

As at 31 March 2024
LANGFORD BRIDGE LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 31.03.2024 31.03.2023
£ £
Fixed assets
Intangible assets 3 3 5,393
Tangible assets 4 216,378 211,883
216,381 217,276
Current assets
Stocks 5 24,491 25,718
Debtors 6 1,655 877
Cash at bank and in hand 4,586 11,448
30,732 38,043
Creditors: amounts falling due within one year 7 ( 280,358) ( 280,256)
Net current liabilities (249,626) (242,213)
Total assets less current liabilities (33,245) (24,937)
Net liabilities ( 33,245) ( 24,937)
Capital and reserves
Called-up share capital 8 3 3
Profit and loss account ( 33,248 ) ( 24,940 )
Total shareholders' deficit ( 33,245) ( 24,937)

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of LANGFORD BRIDGE LIMITED (registered number: 13594794) were approved and authorised for issue by the Board of Directors on 15 July 2024. They were signed on its behalf by:

Miss A F Rew
Director
LANGFORD BRIDGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
LANGFORD BRIDGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

LANGFORD BRIDGE LIMITED (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF. The principal place of business is Langford Bridge Farm, Abbotskerswell, Newton Abbot, Devon, TQ12 5LA.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors notes that the business has net liabilities of £33,245. The company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill 10 years straight line
Entitlements 2 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Income Statement as described below.

Stocks

Stocks are stated at the lower of cost and realisable value, estimated as necessary. Cost, in respect of own-bred animals, has been taken as an appropriate percentage of estimated market value.

2. Employees

31.03.2024 31.03.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Intangible assets

Goodwill Entitlements Total
£ £ £
Cost
At 01 April 2023 5 10,778 10,783
At 31 March 2024 5 10,778 10,783
Accumulated amortisation
At 01 April 2023 1 5,389 5,390
Charge for the financial year 1 5,389 5,390
At 31 March 2024 2 10,778 10,780
Net book value
At 31 March 2024 3 0 3
At 31 March 2023 4 5,389 5,393

4. Tangible assets

Land and buildings Plant and machinery Total
£ £ £
Cost
At 01 April 2023 211,882 1 211,883
Additions 4,495 0 4,495
At 31 March 2024 216,377 1 216,378
Accumulated depreciation
At 01 April 2023 0 0 0
At 31 March 2024 0 0 0
Net book value
At 31 March 2024 216,377 1 216,378
At 31 March 2023 211,882 1 211,883

5. Stocks

31.03.2024 31.03.2023
£ £
Stocks 501 1,038
Livestock 23,990 24,680
24,491 25,718

6. Debtors

31.03.2024 31.03.2023
£ £
Other debtors 1,655 877

7. Creditors: amounts falling due within one year

31.03.2024 31.03.2023
£ £
Amounts owed to directors 258,058 257,902
Other loans 20,000 20,000
Accruals 2,300 2,354
280,358 280,256

8. Called-up share capital

31.03.2024 31.03.2023
£ £
Allotted, called-up and fully-paid
300 Ordinary shares shares of £ 0.01 each 3 3