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Company Registration No. 05608495 (England and Wales)
Sussex Prairies Ltd Unaudited accounts for the year ended 30 November 2023
Sussex Prairies Ltd Unaudited accounts Contents
Page
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Sussex Prairies Ltd Company Information for the year ended 30 November 2023
Director
Pauline Elizabeth McBride
Company Number
05608495 (England and Wales)
Registered Office
Morlands Farm Albourne Road Henfield BN5 9AT
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Sussex Prairies Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
56,366 
41,896 
Current assets
Inventories
1,450 
2,900 
Debtors
19,738 
18,102 
Cash at bank and in hand
95,057 
78,661 
116,245 
99,663 
Creditors: amounts falling due within one year
(117,459)
(64,310)
Net current (liabilities)/assets
(1,214)
35,353 
Total assets less current liabilities
55,152 
77,249 
Creditors: amounts falling due after more than one year
(15,055)
(24,088)
Net assets
40,097 
53,161 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
40,087 
53,151 
Shareholders' funds
40,097 
53,161 
For the year ending 30 November 2023 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 18 August 2024 and were signed on its behalf by
Pauline Elizabeth McBride Director Company Registration No. 05608495
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Sussex Prairies Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Sussex Prairies Ltd is a private company, limited by shares, registered in England and Wales, registration number 05608495. The registered office is Morlands Farm, Albourne Road, Henfield, BN5 9AT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
20% on a reducing balance basis
Plant & machinery
20% on a reducing balance basis
Fixtures & fittings
20% on a reducing balance basis
Computer equipment
33% on a reducing balance basis
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Sussex Prairies Ltd Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 December 2022
52,649 
18,785 
27,550 
987 
99,971 
Additions
23,200 
5,403 
- 
- 
28,603 
At 30 November 2023
75,849 
24,188 
27,550 
987 
128,574 
Depreciation
At 1 December 2022
24,071 
11,350 
21,921 
733 
58,075 
Charge for the year
10,355 
2,568 
1,126 
84 
14,133 
At 30 November 2023
34,426 
13,918 
23,047 
817 
72,208 
Net book value
At 30 November 2023
41,423 
10,270 
4,503 
170 
56,366 
At 30 November 2022
28,578 
7,435 
5,629 
254 
41,896 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,002 
4,478 
Accrued income and prepayments
1,000 
943 
Other debtors
12,736 
12,681 
19,738 
18,102 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
9,033 
9,033 
VAT
18,453 
16,630 
Taxes and social security
2,914 
260 
Other creditors
- 
127 
Loans from directors
85,832 
37,329 
Accruals
1,227 
931 
117,459 
64,310 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,055 
24,088 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
10 Ordinary shares of £1 each
10 
10 
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Sussex Prairies Ltd Notes to the Accounts for the year ended 30 November 2023
9
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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