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REGISTERED NUMBER: 00487698 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

CHURCH FARM (BELBROUGHTON) LIMITED

CHURCH FARM (BELBROUGHTON) LIMITED (REGISTERED NUMBER: 00487698)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


CHURCH FARM (BELBROUGHTON) LIMITED (REGISTERED NUMBER: 00487698)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,461 1,941
Investment property 5 2,480,000 2,480,000
2,481,461 2,481,941

CURRENT ASSETS
Debtors 6 2,055 4,071
Cash at bank 162,812 192,077
164,867 196,148
CREDITORS
Amounts falling due within one year 7 5,855 2,996
NET CURRENT ASSETS 159,012 193,152
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,640,473

2,675,093

PROVISIONS FOR LIABILITIES 8 500,000 500,000
NET ASSETS 2,140,473 2,175,093

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings 2,130,473 2,165,093
2,140,473 2,175,093

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

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

CHURCH FARM (BELBROUGHTON) LIMITED (REGISTERED NUMBER: 00487698)

BALANCE SHEET - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:





R A Hadley - Director


CHURCH FARM (BELBROUGHTON) LIMITED (REGISTERED NUMBER: 00487698)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Church Farm (Belbroughton) Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 00487698. The registered office is Church Farm, 10 Bradford Lane, Belbroughton, Stourbridge, West Midlands, DY9 9TF.

The financial statements are prepared in Sterling, which is the functional currency of the company.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Although this accounting policy is in accordance with Financial Reporting Standard 102 Section 1A, it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have need charged cannot be separately identified or qualified.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


CHURCH FARM (BELBROUGHTON) LIMITED (REGISTERED NUMBER: 00487698)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 10,640
DEPRECIATION
At 1 January 2023 8,699
Charge for year 480
At 31 December 2023 9,179
NET BOOK VALUE
At 31 December 2023 1,461
At 31 December 2022 1,941

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 2,480,000
NET BOOK VALUE
At 31 December 2023 2,480,000
At 31 December 2022 2,480,000

CHURCH FARM (BELBROUGHTON) LIMITED (REGISTERED NUMBER: 00487698)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. INVESTMENT PROPERTY - continued

Fair value at 31 December 2023 is represented by:
£   
Valuation in 1982 7
Valuation in 1998 144,575
Valuation in 2002 296,096
Valuation in 2011 50,000
Valuation in 2015 450,000
Valuation in 2018 444,000
Valuation in 2020 322,000
Valuation in 2021 150,000
Valuation in 2022 620,000
Cost 3,322
2,480,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 1,400 1,398
Other debtors 655 2,673
2,055 4,071

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other creditors 5,855 2,996

8. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax
On property revaluation 500,000 500,000

Deferred
tax
£   
Balance at 1 January 2023 500,000
Balance at 31 December 2023 500,000

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £29,988 (2022 - £29,988) were paid to the directors .