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REGISTERED NUMBER: 08824896 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Picton Castle Dairy Limited

Picton Castle Dairy Limited (Registered number: 08824896)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Picton Castle Dairy Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs. S. F. Warner
Mr R J James





REGISTERED OFFICE: Rosen Park
Rhos
Haverfordwest
Pembrokeshire
SA62 4AJ





REGISTERED NUMBER: 08824896 (England and Wales)

Picton Castle Dairy Limited (Registered number: 08824896)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,957 42,686

CURRENT ASSETS
Stocks - 42,995
Debtors - 2,625
Cash at bank and in hand 419,986 383,080
419,986 428,700
CREDITORS
Amounts falling due within one year 11,765 37,642
NET CURRENT ASSETS 408,221 391,058
TOTAL ASSETS LESS CURRENT
LIABILITIES

410,178

433,744

PROVISIONS FOR LIABILITIES 372 7,422
NET ASSETS 409,806 426,322

CAPITAL AND RESERVES
Called up share capital 66 66
Retained earnings 409,740 426,256
409,806 426,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Picton Castle Dairy Limited (Registered number: 08824896)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 September 2024 and were signed on its behalf by:




Mrs. S. F. Warner - Director



Mr R J James - Director


Picton Castle Dairy Limited (Registered number: 08824896)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Picton Castle Dairy 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.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 10% on cost

Stocks
Stock and biological assets are included at the lower of cost and estimated selling price less costs to sell.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 (2022 - NIL).

Picton Castle Dairy Limited (Registered number: 08824896)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 166,037
Disposals (138,587 )
At 31 December 2023 27,450
DEPRECIATION
At 1 January 2023 123,351
Charge for year 4,700
Eliminated on disposal (102,558 )
At 31 December 2023 25,493
NET BOOK VALUE
At 31 December 2023 1,957
At 31 December 2022 42,686