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REGISTERED NUMBER: 01620112 (England and Wales)















Unaudited Financial Statements

for the Year Ended

31 December 2023

for

Farmford Limited

Farmford Limited (Registered number: 01620112)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Farmford Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: Mrs V C Corrigall





SECRETARY: A Robertson





REGISTERED OFFICE: Wrights House
102-104 High Street
Great Missenden
HP16 0BE





REGISTERED NUMBER: 01620112 (England and Wales)





ACCOUNTANTS: Jacksons Accountants (Ascot) Limited
The Old Bakehouse
Course Road
Ascot
Berkshire
SL5 7HL

Farmford Limited (Registered number: 01620112)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 923 959

CURRENT ASSETS
Debtors 5 15,759 10,544
Cash at bank 16,059 47,067
31,818 57,611
CREDITORS
Amounts falling due within one year 6 1,789 3,231
NET CURRENT ASSETS 30,029 54,380
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,952

55,339

PROVISIONS FOR LIABILITIES 7 7,323 7,323
NET ASSETS 23,629 48,016

CAPITAL AND RESERVES
Called up share capital 27 27
Retained earnings 23,602 47,989
SHAREHOLDERS' FUNDS 23,629 48,016

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 director acknowledges her 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 director and authorised for issue on 23 September 2024 and were signed by:



Mrs V C Corrigall - Director


Farmford Limited (Registered number: 01620112)

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

1. STATUTORY INFORMATION

Farmford 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 represents service charges levied on residents based on budgeted expenditure for the year. This company is not registered for VAT.

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 - 2% on cost

Taxation
The company is a non-profit making enterprise and surpluses or deficits arising as a result of differences between service charges levied (based on estimated costs) and actual costs incurred do not fall within the scope of corporation tax. Tax is payable on investment income only.

Residential management transactions
A statutory trust is imposed over service charge monies received under Section 42 of the Landlord and Tenant Act 1987 and the company therefore acts as a trustee in this capacity. As such the closing balance of cash and other assets are held in trust by the company.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 January 2023
and 31 December 2023 1,778
DEPRECIATION
At 1 January 2023 819
Charge for year 36
At 31 December 2023 855
NET BOOK VALUE
At 31 December 2023 923
At 31 December 2022 959

Farmford Limited (Registered number: 01620112)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Service charges due 10,702 10,184
Prepayments 5,057 360
15,759 10,544

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Service charges in advance 847 1,931
Accrued expenses 942 1,300
1,789 3,231

7. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Other provisions
Reserve fund 7,323 7,323