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REGISTERED NUMBER: 00375438 (England and Wales)












BULSTRODE FARM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023






BULSTRODE FARM LIMITED (REGISTERED NUMBER: 00375438)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

BULSTRODE FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: S N M Baker
K L Masefield Baker
H R Masefield Baker





REGISTERED OFFICE: 1 Home Farm Cottages
Staplefield
Haywards Heath
West Sussex
RH17 6AP





REGISTERED NUMBER: 00375438 (England and Wales)





ACCOUNTANTS: Clark Brownscombe
Chartered Accountants
2 St Andrews Place
Lewes
East Sussex
BN7 1UP

BULSTRODE FARM LIMITED (REGISTERED NUMBER: 00375438)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 574,457 442,988
Investment property 5 1,725,000 1,725,000
2,299,457 2,167,988

CURRENT ASSETS
Stocks 52,898 55,540
Debtors 6 13,861 20,749
Cash at bank and in hand 207,834 218,181
274,593 294,470
CREDITORS
Amounts falling due within one year 7 76,697 41,354
NET CURRENT ASSETS 197,896 253,116
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,497,353

2,421,104

CREDITORS
Amounts falling due after more than one
year

8

(56,003

)

(18,891

)

PROVISIONS FOR LIABILITIES 9 (424,404 ) (424,404 )
NET ASSETS 2,016,946 1,977,809

CAPITAL AND RESERVES
Called up share capital 10 23,500 23,500
Other reserves 11 1,285,632 1,285,632
Retained earnings 11 707,814 668,677
SHAREHOLDERS' FUNDS 2,016,946 1,977,809

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

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

BULSTRODE FARM LIMITED (REGISTERED NUMBER: 00375438)

BALANCE SHEET - continued
31ST DECEMBER 2023


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 20th September 2024 and were signed on its behalf by:





S N M Baker - Director


BULSTRODE FARM LIMITED (REGISTERED NUMBER: 00375438)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

Bulstrode 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 as modified by the revaluation of certain assets.

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.
Land and buildings - Straight line over 50 years
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

BULSTRODE FARM LIMITED (REGISTERED NUMBER: 00375438)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st January 2023 462,730 286,049 748,779
Additions 37,409 118,675 156,084
Disposals - (36,500 ) (36,500 )
At 31st December 2023 500,139 368,224 868,363
DEPRECIATION
At 1st January 2023 65,694 240,097 305,791
Charge for year 5,364 13,383 18,747
Eliminated on disposal - (30,632 ) (30,632 )
At 31st December 2023 71,058 222,848 293,906
NET BOOK VALUE
At 31st December 2023 429,081 145,376 574,457
At 31st December 2022 397,036 45,952 442,988

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023
and 31st December 2023 1,725,000
NET BOOK VALUE
At 31st December 2023 1,725,000
At 31st December 2022 1,725,000

Fair value at 31st December 2023 is represented by:
£   
Valuation in 2022 1,710,036
Cost 14,964
1,725,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 14,964 14,964

Investment property was valued on an open market basis basis on 31st December 2023 by the directors .

BULSTRODE FARM LIMITED (REGISTERED NUMBER: 00375438)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 2,703 800
Other debtors 11,158 19,949
13,861 20,749

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 33,472 5,960
Hire purchase contracts 28,183 -
Trade creditors 7,282 5,997
Taxation and social security 10 28
Other creditors 7,750 29,369
76,697 41,354

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 12,465 18,891
Hire purchase contracts 43,538 -
56,003 18,891

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 424,404 424,404

Deferred
tax
£   
Balance at 1st January 2023 424,404
Balance at 31st December 2023 424,404

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
834 Ordinary A £1 834 834
22,666 Ordinary B £1 22,666 22,666
23,500 23,500

BULSTRODE FARM LIMITED (REGISTERED NUMBER: 00375438)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


11. RESERVES
Retained Other
earnings reserves Totals
£    £    £   

At 1st January 2023 668,677 1,285,632 1,954,309
Profit for the year 39,137 - 39,137
At 31st December 2023 707,814 1,285,632 1,993,446

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BULSTRODE FARM 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 Bulstrode Farm Limited for the year ended 31st December 2023 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 the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Bulstrode Farm 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 Bulstrode Farm Limited and state those matters that we have agreed to state to the Board of Directors of Bulstrode Farm Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bulstrode Farm Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bulstrode Farm 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 profit of Bulstrode Farm Limited. You consider that Bulstrode Farm 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 Bulstrode Farm 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.






Clark Brownscombe
Chartered Accountants
2 St Andrews Place
Lewes
East Sussex
BN7 1UP


20th September 2024