Acorah Software Products - Accounts Production 15.0.500 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 02968619 Mr J W Dalton Mr A J Critchlow Mr S L Fairfax Mr J R Watson Mrs R M Morley Mrs V P Priestley Mr S WHITE Mrs C BEAL Mrs S Wood iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 02968619 2023-01-31 02968619 2024-01-31 02968619 2023-02-01 2024-01-31 02968619 frs-core:CurrentFinancialInstruments 2024-01-31 02968619 frs-core:Non-currentFinancialInstruments 2024-01-31 02968619 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-01-31 02968619 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 02968619 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-01-31 02968619 frs-core:PlantMachinery 2024-01-31 02968619 frs-core:PlantMachinery 2023-02-01 2024-01-31 02968619 frs-core:PlantMachinery 2023-01-31 02968619 frs-core:RevaluationReserve 2023-01-31 02968619 frs-core:RevaluationReserve 2024-01-31 02968619 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 02968619 frs-bus:CompanyLimitedByGuarantee 2023-02-01 2024-01-31 02968619 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 02968619 frs-bus:SmallEntities 2023-02-01 2024-01-31 02968619 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 02968619 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 02968619 frs-bus:Director1 2023-02-01 2024-01-31 02968619 frs-bus:Director2 2023-02-01 2024-01-31 02968619 frs-bus:Director3 2023-02-01 2024-01-31 02968619 frs-bus:Director4 2023-02-01 2024-01-31 02968619 frs-bus:Director5 2023-02-01 2024-01-31 02968619 frs-bus:Director6 2023-02-01 2024-01-31 02968619 frs-bus:Director7 2023-02-01 2024-01-31 02968619 frs-bus:Director8 2023-02-01 2024-01-31 02968619 frs-bus:CompanySecretary1 2023-02-01 2024-01-31 02968619 frs-countries:EnglandWales 2023-02-01 2024-01-31 02968619 2022-01-31 02968619 2023-01-31 02968619 2022-02-01 2023-01-31 02968619 frs-core:CurrentFinancialInstruments 2023-01-31 02968619 frs-core:Non-currentFinancialInstruments 2023-01-31 02968619 frs-core:RevaluationReserve 2023-01-31 02968619 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 02968619
Marsh Farm Development Company Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Sally Wood
FATT, FIAgSA
Hall Farm
Cutthorpe
Chesterfield
Derbyshire
S42 7AR
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 02968619
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,126,814 1,126,886
1,126,814 1,126,886
CURRENT ASSETS
Debtors 5 16,815 9,241
Cash at bank and in hand 75,284 108,936
92,099 118,177
Creditors: Amounts Falling Due Within One Year 6 (3,215 ) (8,535 )
NET CURRENT ASSETS (LIABILITIES) 88,884 109,642
TOTAL ASSETS LESS CURRENT LIABILITIES 1,215,698 1,236,528
Creditors: Amounts Falling Due After More Than One Year 7 (134,670 ) (134,670 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (178,578 ) (178,578 )
NET ASSETS 902,450 923,280
RESERVES
Revaluation reserve 8 760,827 760,827
Income and Expenditure Account 141,623 162,453
MEMBERS' FUNDS 902,450 923,280
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
Mrs V P Priestley
Director
01/05/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Marsh Farm Development Company Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 02968619 . The registered office is Lydgate Bungalow, Ashopton Road, Bamford, Hope Valley, S33 0AZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents the net amount receivable by the company for the renting of land and property excluding VAT.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold No depreciation
Plant & Machinery 20% staright line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 8 (2023: 6)
8 6
Page 3
Page 4
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 February 2023 1,126,403 5,088 1,131,491
As at 31 January 2024 1,126,403 5,088 1,131,491
Depreciation
As at 1 February 2023 - 4,605 4,605
Provided during the period - 72 72
As at 31 January 2024 - 4,677 4,677
Net Book Value
As at 31 January 2024 1,126,403 411 1,126,814
As at 1 February 2023 1,126,403 483 1,126,886
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 4,755 3,173
Other debtors 12,060 6,068
16,815 9,241
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax - 3,015
Other creditors 3,215 5,520
3,215 8,535
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 134,670 134,670
The Loan falling due after more than one year is from Hope Sheepdog Trials and Agricultural Society. It is interest free and has no fixed repayment date.
8. Reserves
Revaluation Reserve
£
As at 1 February 2023 760,827
As at 31 January 2024 760,827
Page 4
Page 5
9. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
Page 5