HAPSTEAD FARM C.I.C.

Company limited by guarantee

Company Registration Number:
12993150 (England and Wales)

Unaudited statutory accounts for the year ended 30 November 2023

Period of accounts

Start date: 1 December 2022

End date: 30 November 2023

HAPSTEAD FARM C.I.C.

Contents of the Financial Statements

for the Period Ended 30 November 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

HAPSTEAD FARM C.I.C.

Directors' report period ended 30 November 2023

The directors present their report with the financial statements of the company for the period ended 30 November 2023

Directors

The directors shown below have held office during the whole of the period from
1 December 2022 to 30 November 2023

Tobias Edgar Goulden
Julian Ralph Thomas Clark
Michael Charles Rees-Lee


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
23 August 2024

And signed on behalf of the board by:
Name: Tobias Edgar Goulden
Status: Director

HAPSTEAD FARM C.I.C.

Profit And Loss Account

for the Period Ended 30 November 2023

2023 2022


£

£
Turnover: 39,432 35,271
Cost of sales: ( 19,841 ) ( 13,737 )
Gross profit(or loss): 19,591 21,534
Administrative expenses: ( 19,342 ) ( 18,163 )
Operating profit(or loss): 249 3,371
Profit(or loss) before tax: 249 3,371
Profit(or loss) for the financial year: 249 3,371

HAPSTEAD FARM C.I.C.

Balance sheet

As at 30 November 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 420 630
Total fixed assets: 420 630
Current assets
Stocks: 4 11,000 11,000
Debtors: 5 1,601 3,050
Cash at bank and in hand: 2,613 3,052
Total current assets: 15,214 17,102
Creditors: amounts falling due within one year: 6 ( 18,280 ) ( 20,627 )
Net current assets (liabilities): (3,066) (3,525)
Total assets less current liabilities: (2,646) ( 2,895)
Total net assets (liabilities): (2,646) (2,895)
Members' funds
Profit and loss account: (2,646) ( 2,895)
Total members' funds: ( 2,646) (2,895)

The notes form part of these financial statements

HAPSTEAD FARM C.I.C.

Balance sheet statements

For the year ending 30 November 2023 the company was entitled to exemption 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.

This report was approved by the board of directors on 23 August 2024
and signed on behalf of the board by:

Name: Tobias Edgar Goulden
Status: Director

The notes form part of these financial statements

HAPSTEAD FARM C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably

    Tangible fixed assets depreciation policy

    Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount. Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

HAPSTEAD FARM C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 1 0

HAPSTEAD FARM C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 December 2022 1,050 1,050
Additions
Disposals
Revaluations
Transfers
At 30 November 2023 1,050 1,050
Depreciation
At 1 December 2022 420 420
Charge for year 210 210
On disposals
Other adjustments
At 30 November 2023 630 630
Net book value
At 30 November 2023 420 420
At 30 November 2022 630 630

HAPSTEAD FARM C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

4. Stocks

2023 2022
£ £
Stocks 11,000 11,000
Total 11,000 11,000

HAPSTEAD FARM C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

5. Debtors

2023 2022
£ £
Other debtors 1,601 3,050
Total 1,601 3,050

HAPSTEAD FARM C.I.C.

Notes to the Financial Statements

for the Period Ended 30 November 2023

6. Creditors: amounts falling due within one year note

2023 2022
£ £
Taxation and social security 2,700
Other creditors 18,280 17,927
Total 18,280 20,627

COMMUNITY INTEREST ANNUAL REPORT

HAPSTEAD FARM C.I.C.

Company Number: 12993150 (England and Wales)

Year Ending: 30 November 2023

Company activities and impact

The company runs various farm and craft activities for the local community in addition to producing organic grass fed beef and lamb. During the financial year December 2022 to November 2023 the companies activities have benefitted the community in the following ways - Local residents with special needs from the nearby care home have worked on the farm on a weekly basis - Local schools (both special needs and children who have been excluded from mainstream school) have attended weekly (6 week blocks) farming experiential learning sessions, where the participants helped with looking after the animal and growing vegetables - Local home schooled children as well as mainstream school students have attended weekly blacksmithing workshops, these workshops run twice a week during term time - In the summer holidays educational farm walks took place this was in collaboration with a local community group Be Buckfastleigh - The organic meat and vegetables were sold to the local community either through direct sales or to a local health food shop

Consultation with stakeholders

The company's stakeholders are, in addition to the directors and members, the local community, especially home schooled groups such as 'the circle', educational establishments such as Bidwell Brook Special needs school, Camphill Devon (A home for adults with special needs), Devon County Council (Educational department), Be Buckfastleigh (A local CIC) There have been regular consultations... - There have been regular consultations between directors and members -The Circle home school group -Be Buckfastleigh - Camphill Devon - Bidwell Brook Special Needs School - Mayfield School Brixham - The Mavericks home school groups - The Seed a local whole food (CIC) shop - Farming in protected landscapes (FIPL) Dartmoor National Park

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
20 August 2024

And signed on behalf of the board by:
Name: Tobias Goulden
Status: Director