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REGISTERED NUMBER: 03463547 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

HARTLEY FARMING LIMITED

HARTLEY FARMING LIMITED (REGISTERED NUMBER: 03463547)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARTLEY FARMING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: F T Hartley
B Hartley
A M Hartley
D T Hartley





SECRETARY: B Hartley





REGISTERED OFFICE: First Floor
Unit 4
Broadfield Court
Sheffield
South Yorkshire
S8 0XF





REGISTERED NUMBER: 03463547 (England and Wales)





ACCOUNTANTS: Marriott Gibbs Rees Wallis Limited
Chartered Certified Accountants
First Floor
Unit 4, Broadfield Court
Sheffield
South Yorkshire
S8 0XF

HARTLEY FARMING LIMITED (REGISTERED NUMBER: 03463547)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124,112 129,519
Investment property 5 3,270,000 3,270,000
3,394,112 3,399,519

CURRENT ASSETS
Debtors 6 2,444 2,745
Cash at bank 67,397 69,601
69,841 72,346
CREDITORS
Amounts falling due within one year 7 174,251 174,012
NET CURRENT LIABILITIES (104,410 ) (101,666 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,289,702

3,297,853

PROVISIONS FOR LIABILITIES 322,083 246,470
NET ASSETS 2,967,619 3,051,383

CAPITAL AND RESERVES
Called up share capital 1,900,000 1,900,000
Fair value reserve 8 1,597,396 1,667,458
Retained earnings 8 (529,777 ) (516,075 )
2,967,619 3,051,383

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.

HARTLEY FARMING LIMITED (REGISTERED NUMBER: 03463547)

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.

In accordance with Section 444 of the Companies Act 2006, the Profit And Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





A M Hartley - Director


HARTLEY FARMING LIMITED (REGISTERED NUMBER: 03463547)

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

1. STATUTORY INFORMATION

Hartley Farming 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 consists of rental income receivable on property investments.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Straight line over 50 years
Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is shown at fair value at each reporting date with changes in fair value recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit And Loss Account, 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 4 (2022 - 4 ) .

HARTLEY FARMING LIMITED (REGISTERED NUMBER: 03463547)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
Cost
At 1 January 2023
and 31 December 2023 259,036 36,731 295,767
Depreciation
At 1 January 2023 130,420 35,828 166,248
Charge for year 5,181 226 5,407
At 31 December 2023 135,601 36,054 171,655
Net book value
At 31 December 2023 123,435 677 124,112
At 31 December 2022 128,616 903 129,519

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 January 2023
and 31 December 2023 3,270,000
Net book value
At 31 December 2023 3,270,000
At 31 December 2022 3,270,000

The investment property was revalued on 31 December 2023 by the directors. The basis of this valuation was on an open market basis. The investment property has a current value of £3,270,000 (2022 - £2,764,880) and a carrying amount at historical cost of £1,380,679 (2022 - £1,380,679). The depreciation on this historical cost is £nil (2022 - £nil).

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 2,444 2,745

HARTLEY FARMING LIMITED (REGISTERED NUMBER: 03463547)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 14
Other creditors 155,565 155,565
Directors' current accounts 16,781 16,781
Accruals and deferred income 1,905 1,652
174,251 174,012

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 January 2023 (516,075 ) 1,667,458 1,151,383
Deficit for the year (83,764 ) (83,764 )
Deferred tax transfer 70,062 (70,062 ) -
At 31 December 2023 (529,777 ) 1,597,396 1,067,619

9. RELATED PARTY DISCLOSURES

Morgan Hill Properties
(A partnership owned by Mr F T & Mrs B Hartley)
The company has an interest free loan from the partnership. At the balance sheet date the amount due to Morgan Hill Properties was £155,565 (2022 - £155,565).