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Registration number: 00675802

Henley Down Farm Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Henley Down Farm Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Henley Down Farm Limited

Company Information

Directors

RJ Bowman

J K B Bowman

Registered office

39 High Street
Battle
East Sussex
TN33 0EE

Accountants

Manningtons
39 High Street
Battle
East Sussex
TN33 0EE

 

Henley Down Farm Limited

(Registration number: 00675802)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

726,001

744,626

Current assets

 

Stocks

5

1,200

1,200

Debtors

6

-

394

Other financial assets

31

31

Cash at bank and in hand

 

3,578

1,988

 

4,809

3,613

Creditors: Amounts falling due within one year

7

(145,982)

(144,198)

Net current liabilities

 

(141,173)

(140,585)

Total assets less current liabilities

 

584,828

604,041

Creditors: Amounts falling due after more than one year

7

(177,934)

(184,364)

Net assets

 

406,894

419,677

Capital and reserves

 

Called up share capital

500

500

Revaluation reserve

295,740

295,740

Retained earnings

110,654

123,437

Shareholders' funds

 

406,894

419,677

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 August 2024 and signed on its behalf by:
 

 

Henley Down Farm Limited

(Registration number: 00675802)
Balance Sheet as at 30 November 2023

.........................................
RJ Bowman
Director

 

Henley Down Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
39 High Street
Battle
East Sussex
TN33 0EE
United Kingdom

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency of the financial statements is the Pound Sterling (£).

 

Henley Down Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

At varying rates on cost

Plant and machinery

10% reducing balance basis

Fixtures, fittings and equipment

10% reducing balance basis

Campsite tents and equipment

10% reducing balance

Motor vehicles

25% reducing balance basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

 

Henley Down Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the ease term.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

 

Henley Down Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Campsite tents & equipment
 £

Plant and machinery tangible assets
£

Total
£

Cost or valuation

At 1 December 2022

789,281

15,009

25,755

153,790

65,415

1,049,250

Additions

-

1,265

-

-

-

1,265

Disposals

-

(560)

-

-

-

(560)

At 30 November 2023

789,281

15,714

25,755

153,790

65,415

1,049,955

Depreciation

At 1 December 2022

153,612

7,726

25,533

54,500

63,253

304,624

Charge for the year

8,308

1,141

56

9,926

372

19,803

Eliminated on disposal

-

(473)

-

-

-

(473)

At 30 November 2023

161,920

8,394

25,589

64,426

63,625

323,954

Carrying amount

At 30 November 2023

627,361

7,320

166

89,364

1,790

726,001

At 30 November 2022

635,669

7,283

222

99,290

2,162

744,626

5

Stocks

2023
£

2022
£

Other inventories

1,200

1,200

6

Debtors

2023
£

2022
£

Prepayments

-

394

-

394

 

Henley Down Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

8

14,160

19,684

Trade creditors

 

190

204

Accruals and deferred income

 

12,830

5,803

Other creditors

 

52,642

52,345

Director loan account

 

66,160

66,162

 

145,982

144,198

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

177,934

184,364

8

Loans and borrowings

Non-current loans and borrowings

2023
£

2022
£

Bank borrowings

145,651

152,081

Other borrowings

32,283

32,283

177,934

184,364

Current loans and borrowings

2023
£

2022
£

Bank borrowings

7,118

7,196

Bank overdrafts

7,042

12,488

14,160

19,684

Included within non-current loans and borrowings and current loans and borrowings are £167,347 of mortgage obligations, on which security has been given by the company.

 

Henley Down Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

9

Related party transactions

Summary of transactions with other related parties

Michael Lawrence Bowman - Director and shareholder
Robert Joshua Bowman - Director

 
The directors have lent the company various amounts.

At the balance sheet date the amounts due to each of the directors were:

Michael Lawrence Bowman - £95,982 (2022 - £95,984)
Robert Joshua Bowman - £2,461 (2022 - £2,461)