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REGISTERED NUMBER: 03217053 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Old Hendre Farm Services Limited

Old Hendre Farm Services Limited (Registered number: 03217053)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Old Hendre Farm Services Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: V A Barrell
G Davies





SECRETARY: V A Barrell





REGISTERED OFFICE: Old Hendre Farm
Wonastow
Monmouth
Monmouthshire
NP25 4DJ





REGISTERED NUMBER: 03217053 (England and Wales)





ACCOUNTANTS: Guilfoyle Sage LLP
21 Gold Tops
Newport
South Wales
NP20 4PG

Old Hendre Farm Services Limited (Registered number: 03217053)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 230,054 191,936

CURRENT ASSETS
Stocks 6 8,438 9,405
Debtors 7 79,032 4,691
Cash at bank 55,560 241,984
143,030 256,080
CREDITORS
Amounts falling due within one year 8 35,596 141,324
NET CURRENT ASSETS 107,434 114,756
TOTAL ASSETS LESS CURRENT
LIABILITIES

337,488

306,692

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 337,388 306,592
SHAREHOLDERS' FUNDS 337,488 306,692

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.

Old Hendre Farm Services Limited (Registered number: 03217053)

Statement of Financial Position - 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 19 August 2024 and were signed on its behalf by:




V A Barrell - Director



G Davies - Director


Old Hendre Farm Services Limited (Registered number: 03217053)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Old Hendre Farm Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis as the directors believe that the company will be able to obtain sufficient funding to secure the continued financing of the company's activities for the foreseeable future.

Turnover
Items of income are recognised in the financial statements, net of applicable VAT, when the risks and rewards of ownership have passed to the consumer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Nil to 10% on cost
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.


Old Hendre Farm Services Limited (Registered number: 03217053)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. ACCOUNTING POLICIES - continued
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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 389,215 771,859 1,161,074
Additions - 90,761 90,761
At 31 December 2023 389,215 862,620 1,251,835
DEPRECIATION
At 1 January 2023 290,055 679,083 969,138
Charge for year 15,568 37,075 52,643
At 31 December 2023 305,623 716,158 1,021,781
NET BOOK VALUE
At 31 December 2023 83,592 146,462 230,054
At 31 December 2022 99,160 92,776 191,936

6. STOCKS
31.12.23 31.12.22
£    £   
Stocks 8,438 9,405

Old Hendre Farm Services Limited (Registered number: 03217053)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 217 -
Other debtors 78,815 4,691
79,032 4,691

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 7,347 17,050
Other creditors 28,249 124,274
35,596 141,324

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the company loaned a sum of £200,000 to its directors. At the year end a balance of £66,102 remained outstanding. The loan is considered to be payable on demand and no interest is deemed to accrue. At 31 December 2023 the equivalent balance was £95,136 due to the director.