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REGISTERED NUMBER: 07522489 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Upper Hurst Farm Limited

Upper Hurst Farm Limited (Registered number: 07522489)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Upper Hurst Farm Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mrs S Green
Miss A P Dillon
Ms S Dillon





REGISTERED OFFICE: Upper Hurst Farm Hulme End
Near Hartington
Buxton
Derbyshire
SK17 0HH





REGISTERED NUMBER: 07522489 (England and Wales)





ACCOUNTANTS: DLA Chartered Accountants
36A Market Street
New Mills
High Peak
SK22 4AA

Upper Hurst Farm Limited (Registered number: 07522489)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 485,902 355,833

CURRENT ASSETS
Stocks 285 290
Debtors 5 4,928 417
Cash at bank and in hand 9,992 2,435
15,205 3,142
CREDITORS
Amounts falling due within one year 6 264,598 134,073
NET CURRENT LIABILITIES (249,393 ) (130,931 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

236,509

224,902

CREDITORS
Amounts falling due after more than one
year

7

(70,754

)

(93,162

)

PROVISIONS FOR LIABILITIES (10,461 ) (7,471 )
NET ASSETS 155,294 124,269

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 155,194 124,169
155,294 124,269

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 30 July 2024 and were signed on its behalf by:





Mrs S Green - Director


Upper Hurst Farm Limited (Registered number: 07522489)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Upper Hurst Farm 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.
Improvements to property - 15% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% 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 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 4 ) .

Upper Hurst Farm Limited (Registered number: 07522489)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 March 2023 238,232 182,902 98,709
Additions 136,363 - 21,866
Disposals - - (7,500 )
At 29 February 2024 374,595 182,902 113,075
DEPRECIATION
At 1 March 2023 - 108,154 62,087
Charge for year - 11,212 12,190
Eliminated on disposal - - (594 )
At 29 February 2024 - 119,366 73,683
NET BOOK VALUE
At 29 February 2024 374,595 63,536 39,392
At 28 February 2023 238,232 74,748 36,622

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 March 2023 11,514 1,593 532,950
Additions 1,666 2,746 162,641
Disposals - - (7,500 )
At 29 February 2024 13,180 4,339 688,091
DEPRECIATION
At 1 March 2023 5,675 1,201 177,117
Charge for year 1,637 627 25,666
Eliminated on disposal - - (594 )
At 29 February 2024 7,312 1,828 202,189
NET BOOK VALUE
At 29 February 2024 5,868 2,511 485,902
At 28 February 2023 5,839 392 355,833

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Directors' current accounts 4,928 -
Prepayments - 417
4,928 417

Upper Hurst Farm Limited (Registered number: 07522489)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 22,053 21,553
Trade creditors 7,326 1,678
Tax 18,854 13,208
Social security and other taxes 721 192
VAT 2,904 5,657
Other creditors 392 764
Net wages - 1,583
Directors' current accounts 184,440 57,224
Accrued expenses 1,650 6,805
Deferred income 26,258 25,409
264,598 134,073

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans - 1-2 years 22,635 21,803
Bank loans - 2-5 years 48,119 54,437
Bank loans more 5 yr by instal - 16,922
70,754 93,162

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 16,922