IRIS Accounts Production v24.2.0.383 09518151 Board of Directors 31.12.22 30.12.23 30.12.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh095181512022-12-30095181512023-12-30095181512022-12-312023-12-30095181512021-12-30095181512021-12-312022-12-30095181512022-12-3009518151ns15:EnglandWales2022-12-312023-12-3009518151ns14:PoundSterling2022-12-312023-12-3009518151ns10:Director12022-12-312023-12-3009518151ns10:PrivateLimitedCompanyLtd2022-12-312023-12-3009518151ns10:SmallEntities2022-12-312023-12-3009518151ns10:AuditExempt-NoAccountantsReport2022-12-312023-12-3009518151ns10:SmallCompaniesRegimeForDirectorsReport2022-12-312023-12-3009518151ns10:SmallCompaniesRegimeForAccounts2022-12-312023-12-3009518151ns10:FullAccounts2022-12-312023-12-3009518151ns10:Director22022-12-312023-12-3009518151ns10:RegisteredOffice2022-12-312023-12-3009518151ns5:CurrentFinancialInstruments2023-12-3009518151ns5:CurrentFinancialInstruments2022-12-3009518151ns5:Non-currentFinancialInstruments2023-12-3009518151ns5:Non-currentFinancialInstruments2022-12-3009518151ns5:ShareCapital2023-12-3009518151ns5:ShareCapital2022-12-3009518151ns5:RevaluationReserve2023-12-3009518151ns5:RevaluationReserve2022-12-3009518151ns5:RetainedEarningsAccumulatedLosses2023-12-3009518151ns5:RetainedEarningsAccumulatedLosses2022-12-3009518151ns5:PlantMachinery2022-12-3009518151ns5:MotorVehicles2022-12-3009518151ns5:PlantMachinery2022-12-312023-12-3009518151ns5:MotorVehicles2022-12-312023-12-3009518151ns5:PlantMachinery2023-12-3009518151ns5:MotorVehicles2023-12-3009518151ns5:PlantMachinery2022-12-3009518151ns5:MotorVehicles2022-12-3009518151ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3009518151ns5:WithinOneYearns5:CurrentFinancialInstruments2022-12-3009518151ns5:RevaluationReserve2022-12-30
REGISTERED NUMBER: 09518151 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2023

FOR

OLD HALL FARMYARD RES LIMITED

OLD HALL FARMYARD RES LIMITED (REGISTERED NUMBER: 09518151)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OLD HALL FARMYARD RES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2023







DIRECTORS: Mrs B C Gilbert
S J E Foster





REGISTERED OFFICE: Wymondley Hall
Priory Lane
Little Wymondley
Hitchin
Herts
SG4 7HE





REGISTERED NUMBER: 09518151 (England and Wales)





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

OLD HALL FARMYARD RES LIMITED (REGISTERED NUMBER: 09518151)

BALANCE SHEET
30 DECEMBER 2023

30.12.23 30.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,935 19,426
Investment property 5 5,167,951 5,091,599
5,197,886 5,111,025

CURRENT ASSETS
Debtors 6 42,159 61,028
Cash at bank 12,540 71,286
54,699 132,314
CREDITORS
Amounts falling due within one year 7 1,146,196 1,200,625
NET CURRENT LIABILITIES (1,091,497 ) (1,068,311 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,106,389

4,042,714

CREDITORS
Amounts falling due after more than one year 8 (134,240 ) (118,994 )

PROVISIONS FOR LIABILITIES (518,242 ) (515,599 )
NET ASSETS 3,453,907 3,408,121

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 2,193,214 2,193,214
Retained earnings 1,260,691 1,214,905
3,453,907 3,408,121

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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.

OLD HALL FARMYARD RES LIMITED (REGISTERED NUMBER: 09518151)

BALANCE SHEET - continued
30 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 25 September 2024 and were signed on its behalf by:





S J E Foster - Director


OLD HALL FARMYARD RES LIMITED (REGISTERED NUMBER: 09518151)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

1. STATUTORY INFORMATION

Old Hall Farmyard Res 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

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.

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 1 (2022 - 1 ) .

OLD HALL FARMYARD RES LIMITED (REGISTERED NUMBER: 09518151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 31 December 2022 20,898 6,278 27,176
Additions 16,554 - 16,554
At 30 December 2023 37,452 6,278 43,730
DEPRECIATION
At 31 December 2022 6,180 1,570 7,750
Charge for year 4,868 1,177 6,045
At 30 December 2023 11,048 2,747 13,795
NET BOOK VALUE
At 30 December 2023 26,404 3,531 29,935
At 30 December 2022 14,718 4,708 19,426

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 December 2022 5,091,599
Additions 76,352
At 30 December 2023 5,167,951
NET BOOK VALUE
At 30 December 2023 5,167,951
At 30 December 2022 5,091,599

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 December 2022, of £5,091,599, by the directors. The valuation was made on a multiple of earnings basis.

Fair value at 30 December 2023 is represented by:
£   
Valuation in 2016 123,000
Valuation in 2017 18,909
Valuation in 2018 1,550,570
Valuation in 2019 748,291
Valuation in 2020 1,170,968
Valuation in 2021 1,388,262
Valuation in 2022 91,599
Valuation in 2023 76,352
5,167,951

OLD HALL FARMYARD RES LIMITED (REGISTERED NUMBER: 09518151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Trade debtors 9,068 772
Amounts owed by group undertakings 21,935 56,935
Other debtors 11,156 3,321
42,159 61,028

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.23 30.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 67,751 11,242
Amounts owed to group undertakings 337,940 347,993
Taxation and social security 14,808 21,220
Other creditors 715,697 810,170
1,146,196 1,200,625

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.12.23 30.12.22
£    £   
Bank loans 14,837 24,837
Other creditors 119,403 94,157
134,240 118,994

9. RESERVES
Revaluation
reserve
£   
At 31 December 2022
and 30 December 2023 2,193,214

OLD HALL FARMYARD RES LIMITED (REGISTERED NUMBER: 09518151)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023

10. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £216,940 (2022: £226,993) to OFDL Biomass Ltd, a company in which the directors have a significant interest, and £121,000 (2022: £121,000) to SF Barns, the sole trade of a director. The company also owed £11,000 (2022: £11,000) by Telecue Ltd, a company connected by virtue of common directors.

At the balance sheet date the company is owed £21,935 (2022 owed to: £56,935) by Foster & Ingall, a partnership in which S Foster and B Gilbert are partners.

There are no terms relating to the payment of interest or the repayment of capital.

At the balance sheet date the company owed £158,740 (2022: 174,151) to S Foster and £116,644 (2022 : £153,047) to B Gilbert, the directors.

Interest is charged on these loans at 8%. There are no terms for the repayment of capital.

During the period S Foster charged the company £2,400 (2022: £2,400) in respect of office rent and OFDL Biomass Ltd charged the company £28,440 (2022: £26,550) in respect of heat provided to tenants.

11. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the period by the directors acting in concert.