Company No:
Contents
DIRECTORS | Madeleine, Countess of Bessborough |
The Honorable Charles Arthur Longfield Ponsonby (Appointed 10 August 2023) |
SECRETARY | Madeleine, Countess of Bessborough |
REGISTERED OFFICE | Roche Court |
East Winterslow | |
Salisbury | |
SP5 1BG | |
United Kingdom |
COMPANY NUMBER | 01213292 (England and Wales) |
CHARTERED ACCOUNTANTS | Francis Clark LLP |
Hitchcock House | |
Hilltop Park | |
Devizes Road | |
Salisbury | |
Wiltshire SP3 4UF |
Note | 31.03.2024 | 31.12.2022 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
|
|
|
526,678 | 604,721 | |||
Current assets | ||||
Stocks |
|
|
||
Debtors | 4 |
|
|
|
Cash at bank and in hand |
|
|
||
1,868,441 | 1,701,607 | |||
Creditors: amounts falling due within one year | 5 | (
|
(
|
|
Net current assets | 1,313,897 | 1,675,408 | ||
Total assets less current liabilities | 1,840,575 | 2,280,129 | ||
Provision for liabilities |
|
|
||
Net assets |
|
|
||
Capital and reserves | ||||
Called-up share capital | 6 |
|
|
|
Profit and loss account |
|
|
||
Total shareholder's funds |
|
|
Directors' responsibilities:
The financial statements of Larkfell Limited (registered number:
Madeleine, Countess of Bessborough
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.
Larkfell 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 Roche Court, East Winterslow, Salisbury, SP5 1BG, United Kingdom.
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 £.
To align the company's accounting reference date with an associated unincorporated entity to 31 March, the company's accounts cover a period of 15 months from 1 January 2023 to 31 March 2024. The comparative amounts stated cover the 12 month period to 31 December 2022.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.
Land and buildings |
|
Plant and machinery |
|
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Period from 01.01.2023 to 31.03.2024 |
Year ended 31.12.2022 |
||
Number | Number | ||
Monthly average number of persons employed by the Company during the period, including directors |
|
|
Land and buildings | Plant and machinery | Total | |||
£ | £ | £ | |||
Cost | |||||
At 01 January 2023 |
|
|
|
||
At 31 March 2024 |
|
|
|
||
Accumulated depreciation | |||||
At 01 January 2023 |
|
|
|
||
Charge for the financial period |
|
|
|
||
At 31 March 2024 |
|
|
|
||
Net book value | |||||
At 31 March 2024 |
|
|
|
||
At 31 December 2022 |
|
|
|
31.03.2024 | 31.12.2022 | ||
£ | £ | ||
Trade debtors |
|
|
|
Amounts owed by Group undertakings |
|
|
|
Corporation tax |
|
|
|
Other debtors |
|
|
|
|
|
31.03.2024 | 31.12.2022 | ||
£ | £ | ||
Trade creditors |
|
|
|
Taxation and social security |
|
|
|
Other creditors |
|
|
|
|
|
31.03.2024 | 31.12.2022 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
|
|
|
31.03.2024 | 31.12.2022 | ||
£ | £ | ||
Brought forward | 516,326 | 513,395 | |
Advances to directors | 77,321 | 10,195 | |
Repayments by directors | 0 | (7,264) | |
593,647 | 516,326 |
The loan to participator is repayable on demand and interest is charged at HMRC interest rates.