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REGISTERED NUMBER: 03406721 (England and Wales)


















Financial Statements for the Year Ended 31 March 2024

for

GASCOIGNE FARMS LIMITED

GASCOIGNE FARMS LIMITED (REGISTERED NUMBER: 03406721)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

GASCOIGNE FARMS LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P A Gascoigne
Dr K I J Blyth





SECRETARY: P A Gascoigne





REGISTERED OFFICE: Hazelwood House
Woodhorn
Ashington
Northumberland
NE63 9YA





REGISTERED NUMBER: 03406721 (England and Wales)





ACCOUNTANTS: G O Thomson & Co
Chartered Accountants
85 High Street
Biggar
ML12 6DL

GASCOIGNE FARMS LIMITED (REGISTERED NUMBER: 03406721)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 439,755 413,132

CURRENT ASSETS
Stocks 58,725 67,662
Debtors 5 23,441 107,734
Investments 6 - 488
Cash at bank 294,166 294,603
376,332 470,487
CREDITORS
Amounts falling due within one year 7 20,433 18,053
NET CURRENT ASSETS 355,899 452,434
TOTAL ASSETS LESS CURRENT
LIABILITIES

795,654

865,566

PROVISIONS FOR LIABILITIES 37,823 33,125
NET ASSETS 757,831 832,441

CAPITAL AND RESERVES
Called up share capital 530,001 530,001
Retained earnings 227,830 302,440
757,831 832,441

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

GASCOIGNE FARMS LIMITED (REGISTERED NUMBER: 03406721)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





P A Gascoigne - Director


GASCOIGNE FARMS LIMITED (REGISTERED NUMBER: 03406721)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Gascoigne Farms 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. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

GASCOIGNE FARMS LIMITED (REGISTERED NUMBER: 03406721)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2023 1,094,837 185,099 523,407
Additions - 7,460 48,730
Disposals - - (1,628 )
At 31 March 2024 1,094,837 192,559 570,509
DEPRECIATION
At 1 April 2023 878,143 163,005 356,319
Charge for year 2,265 3,295 20,642
At 31 March 2024 880,408 166,300 376,961
NET BOOK VALUE
At 31 March 2024 214,429 26,259 193,548
At 31 March 2023 216,694 22,094 167,088

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023 4,417 71,791 1,879,551
Additions - - 56,190
Disposals - - (1,628 )
At 31 March 2024 4,417 71,791 1,934,113
DEPRECIATION
At 1 April 2023 3,921 65,031 1,466,419
Charge for year 47 1,690 27,939
At 31 March 2024 3,968 66,721 1,494,358
NET BOOK VALUE
At 31 March 2024 449 5,070 439,755
At 31 March 2023 496 6,760 413,132

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,705 64,905
Other debtors 10,736 42,829
23,441 107,734

GASCOIGNE FARMS LIMITED (REGISTERED NUMBER: 03406721)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments - 488

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 16,355 7,628
Taxation and social security - 6,737
Other creditors 4,078 3,688
20,433 18,053

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Gascoigne Farms Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Gascoigne Farms Limited for the year ended 31 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the Board of Directors of Gascoigne Farms Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Gascoigne Farms Limited and state those matters that we have agreed to state to the Board of Directors of Gascoigne Farms Limited, as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Gascoigne Farms Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Gascoigne Farms Limited. You consider that Gascoigne Farms Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Gascoigne Farms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






G O Thomson & Co
Chartered Accountants
85 High Street
Biggar
ML12 6DL


22 August 2024