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REGISTERED NUMBER: 04643487 (England and Wales)















GAULBY LODGE FARM LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






GAULBY LODGE FARM LTD (REGISTERED NUMBER: 04643487)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


GAULBY LODGE FARM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: K J Rees
A J Rees





SECRETARY: A J Rees





REGISTERED OFFICE: Gaulby Lodge Farm
Kings Norton
Leicester
Leicestershire
LE7 9BA





REGISTERED NUMBER: 04643487 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
26 Park Road
Melton Mowbray
Leicestershire
LE13 1TT

GAULBY LODGE FARM LTD (REGISTERED NUMBER: 04643487)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Entitlements 4 - -
Property, plant and equipment 5 480,695 415,190
Investments 6 67,931 63,542
548,626 478,732

CURRENT ASSETS
Inventories 250,191 253,444
Debtors 7 54,328 71,011
Cash at bank 296,453 325,889
600,972 650,344
CREDITORS
Amounts falling due within one year 8 63,600 102,264
NET CURRENT ASSETS 537,372 548,080
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,085,998

1,026,812

PROVISIONS FOR LIABILITIES 85,633 90,733
NET ASSETS 1,000,365 936,079

CAPITAL AND RESERVES
Called up share capital 9 4 4
Retained earnings 1,000,361 936,075
SHAREHOLDERS' FUNDS 1,000,365 936,079

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.

GAULBY LODGE FARM LTD (REGISTERED NUMBER: 04643487)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 31 July 2024 and were signed on its behalf by:




K J Rees - Director



A J Rees - Director


GAULBY LODGE FARM LTD (REGISTERED NUMBER: 04643487)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Gaulby Lodge Farm Ltd is a limited company incorporated in England and Wales. The address of the registered office is given in the company information on page one of these financial statements. The nature of the company's operations and principal activities are detailed in the report of the directors on page two.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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.

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

Intangible assets
Intangible assets consist of entitlements to the basic payment. The entitlements are recognised at fair value and written off on a straight line basis over the period to 31 December 2019 when the scheme ends.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost and 4% on cost
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Government grants
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

Inventories
Inventories are stated at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving stock.


GAULBY LODGE FARM LTD (REGISTERED NUMBER: 04643487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Fixed asset investments
Fixed asset investments are stated at historical cost less any provision for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

GAULBY LODGE FARM LTD (REGISTERED NUMBER: 04643487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. INTANGIBLE FIXED ASSETS
Entitlements
£   
COST
At 1 April 2023
and 31 March 2024 41,255
AMORTISATION
At 1 April 2023
and 31 March 2024 41,255
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 262,312 1,115,464 1,377,776
Additions 84,961 127,895 212,856
Disposals - (74,925 ) (74,925 )
At 31 March 2024 347,273 1,168,434 1,515,707
DEPRECIATION
At 1 April 2023 191,684 770,902 962,586
Charge for year 16,542 113,314 129,856
Eliminated on disposal - (57,430 ) (57,430 )
At 31 March 2024 208,226 826,786 1,035,012
NET BOOK VALUE
At 31 March 2024 139,047 341,648 480,695
At 31 March 2023 70,628 344,562 415,190

GAULBY LODGE FARM LTD (REGISTERED NUMBER: 04643487)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023 63,542
Additions 4,389
At 31 March 2024 67,931
NET BOOK VALUE
At 31 March 2024 67,931
At 31 March 2023 63,542

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 23,572 32,606
Other debtors 6,206 22,420
Prepayments 24,550 15,985
54,328 71,011

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 14,371 59,768
Tax 39,613 32,313
Other creditors 310 277
Directors' loan accounts 480 346
Accrued expenses 8,826 9,560
63,600 102,264

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary £1 4 4