Registered number
05786198
Grove Farmland Limited
Filleted Accounts
31 December 2023
Grove Farmland Limited
Registered number: 05786198
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 4,861 4,861
Tangible assets 4 141,670 139,375
146,531 144,236
Current assets
Debtors 5 - 3,879
Cash at bank and in hand 3,294 3,428
3,294 7,307
Creditors: amounts falling due within one year 6 (154,227) (154,010)
Net current liabilities (150,933) (146,703)
Net liabilities (4,402) (2,467)
Capital and reserves
Called up share capital 1 1
Profit and loss account (4,403) (2,468)
Shareholders' funds (4,402) (2,467)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
…………………………
Stephanie Adams
Director
Approved by the board on 26 September 2024
Grove Farmland Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Rural Payments Agency Entitlements;
Cost
At 1 January 2023 4,861
At 31 December 2023 4,861
Amortisation
At 31 December 2023 -
Net book value
At 31 December 2023 4,861
At 31 December 2022 4,861
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 129,925 16,800 146,725
Additions - 6,210 6,210
At 31 December 2023 129,925 23,010 152,935
Depreciation
At 1 January 2023 - 7,350 7,350
Charge for the year - 3,915 3,915
At 31 December 2023 - 11,265 11,265
Net book value
At 31 December 2023 129,925 11,745 141,670
At 31 December 2022 129,925 9,450 139,375
5 Debtors 2023 2022
£ £
Other debtors - 3,879
6 Creditors: amounts falling due within one year 2023 2022
£ £
Director's account 153,765 153,560
Other creditors 462 450
154,227 154,010
7 Other information
Grove Farmland Limited is a private company limited by shares and incorporated in England. Its registered office is:
Grove Farm
Ivinghoe Aston
Leighton Buzzard
Bedfordshire
LU7 9DF
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