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REGISTERED NUMBER: 11797618 (England and Wales)















Report of the Directors and

Financial Statements for the Year Ended 31 January 2024

for

FRANKS FARM AT NEWLANDS LIMITED

FRANKS FARM AT NEWLANDS LIMITED (Registered number: 11797618)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


FRANKS FARM AT NEWLANDS LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: MISS E OSBORNE
F GOSTLING





SECRETARY: B Mehta





REGISTERED OFFICE: 102
STREATFIELD ROAD
HARROW
Middlesex
HA3 9BT





REGISTERED NUMBER: 11797618 (England and Wales)





ACCOUNTANTS: B MEHTA & CO
102
STREATFIELD ROAD
HARROW
Middlesex
HA3 9BT

FRANKS FARM AT NEWLANDS LIMITED (Registered number: 11797618)

Report of the Directors
for the Year Ended 31 January 2024

The directors present their report with the financial statements of the company for the year ended 31 January 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of Farming Business.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 February 2023 to the date of this report.

MISS E OSBORNE
F GOSTLING

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





MISS E OSBORNE - Director


15 July 2024

FRANKS FARM AT NEWLANDS LIMITED (Registered number: 11797618)

Income Statement
for the Year Ended 31 January 2024

31.1.24 31.1.23
Notes £    £   

TURNOVER 86,998 60,422

Cost of sales 52,635 9,240
GROSS PROFIT 34,363 51,182

Administrative expenses 46,556 55,614
(12,193 ) (4,432 )

Other operating income 25,661 26,510
OPERATING PROFIT 4 13,468 22,078


Interest payable and similar expenses 6,398 18,386
PROFIT BEFORE TAXATION 7,070 3,692

Tax on profit 3,040 2,595
PROFIT FOR THE FINANCIAL YEAR 4,030 1,097

FRANKS FARM AT NEWLANDS LIMITED (Registered number: 11797618)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 976,883 980,789

CURRENT ASSETS
Cash at bank 12,405 2,382

CREDITORS
Amounts falling due within one year 6 670,646 651,582
NET CURRENT LIABILITIES (658,241 ) (649,200 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

318,642

331,589

CREDITORS
Amounts falling due after more than one
year

7

314,322

331,299
NET ASSETS 4,320 290

RESERVES
Retained earnings 4,320 290
SHAREHOLDERS' FUNDS 4,320 290

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2024 and were signed on its behalf by:





F GOSTLING - Director


FRANKS FARM AT NEWLANDS LIMITED (Registered number: 11797618)

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

1. STATUTORY INFORMATION

FRANKS FARM AT NEWLANDS 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.

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).

4. OPERATING PROFIT

The operating profit is stated after charging:

31.1.24 31.1.23
£    £   
Depreciation - owned assets 16,481 16,412

FRANKS FARM AT NEWLANDS LIMITED (Registered number: 11797618)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1 February 2023 961,359 17,820 38,500 1,017,679
Additions - 12,575 - 12,575
At 31 January 2024 961,359 30,395 38,500 1,030,254
DEPRECIATION
At 1 February 2023 9,962 5,838 21,090 36,890
Charge for year 9,164 4,420 2,897 16,481
At 31 January 2024 19,126 10,258 23,987 53,371
NET BOOK VALUE
At 31 January 2024 942,233 20,137 14,513 976,883
At 31 January 2023 951,397 11,982 17,410 980,789

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Taxation and social security 3,040 2,595
Other creditors 667,606 648,987
670,646 651,582

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 314,322 331,299