Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-3127false2023-02-01heritage tourism27truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05904013 2023-02-01 2024-01-31 05904013 2022-02-01 2023-01-31 05904013 2024-01-31 05904013 2023-01-31 05904013 c:Director2 2023-02-01 2024-01-31 05904013 d:Buildings d:LongLeaseholdAssets 2023-02-01 2024-01-31 05904013 d:Buildings d:LongLeaseholdAssets 2024-01-31 05904013 d:Buildings d:LongLeaseholdAssets 2023-01-31 05904013 d:PlantMachinery 2023-02-01 2024-01-31 05904013 d:PlantMachinery 2024-01-31 05904013 d:PlantMachinery 2023-01-31 05904013 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05904013 d:MotorVehicles 2023-02-01 2024-01-31 05904013 d:MotorVehicles 2024-01-31 05904013 d:MotorVehicles 2023-01-31 05904013 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05904013 d:FurnitureFittings 2023-02-01 2024-01-31 05904013 d:FurnitureFittings 2024-01-31 05904013 d:FurnitureFittings 2023-01-31 05904013 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05904013 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 05904013 d:CurrentFinancialInstruments 2024-01-31 05904013 d:CurrentFinancialInstruments 2023-01-31 05904013 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 05904013 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 05904013 d:ShareCapital 2024-01-31 05904013 d:ShareCapital 2023-01-31 05904013 d:OtherMiscellaneousReserve 2023-02-01 2024-01-31 05904013 d:OtherMiscellaneousReserve 2024-01-31 05904013 d:OtherMiscellaneousReserve 2023-01-31 05904013 d:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 05904013 d:RetainedEarningsAccumulatedLosses 2024-01-31 05904013 d:RetainedEarningsAccumulatedLosses 2023-01-31 05904013 c:FRS102 2023-02-01 2024-01-31 05904013 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 05904013 c:FullAccounts 2023-02-01 2024-01-31 05904013 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 05904013 2 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Registered number: 05904013






FARRINGFORD ESTATE LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










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FARRINGFORD ESTATE LIMITED
REGISTERED NUMBER:05904013

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,620,031
1,768,992

  
1,620,031
1,768,992

Current assets
  

Debtors: amounts falling due within one year
 5 
17,251
23,340

Cash at bank and in hand
 6 
92,011
53,690

  
109,262
77,030

Creditors: amounts falling due within one year
 7 
(122,815)
(31,959)

Net current (liabilities)/assets
  
 
 
(13,553)
 
 
45,071

Total assets less current liabilities
  
1,606,478
1,814,063

  

Net assets
  
1,606,478
1,814,063


Capital and reserves
  

Called up share capital 
  
100
100

Other reserves
 8 
14,060,000
13,365,000

Profit and loss account
 8 
(12,453,622)
(11,551,037)

  
1,606,478
1,814,063

Page 1

 
FARRINGFORD ESTATE LIMITED
REGISTERED NUMBER:05904013
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
M Slade
Director

Date: 7 October 2024

Page 2

 
FARRINGFORD ESTATE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

Farringford Estate Limited is a private company limited by shares, registered in England and Wales.  Its registered office is Millhouse, 32-38 East Street, Rochford, Essex, SS4 1DB.
The principal activity of the company continued to be that of heritage tourism.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future.
The directors believe that it is appropriate for the financial statements to be prepared using this basis due to the financial support of the shareholder.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
FARRINGFORD ESTATE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis

Property Improvements
-
5% straight line
Plant & machinery
-
20% straight line
Motor vehicles
-
20% straight line
Fixtures & fittings
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
FARRINGFORD ESTATE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.


Employees

The average monthly number of employees, including directors, during the year was 27 (2023 -27).

Page 5

 
FARRINGFORD ESTATE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Property Improvements
Plant & machinery
Motor vehicles
Fixtures & fittings
Total

£
£
£
£
£



Cost or valuation


At 1 February 2023
2,492,527
410,389
41,796
1,081,359
4,026,071


Additions
-
22,299
42,447
13,287
78,033


Disposals
-
(8,445)
(37,213)
-
(45,658)



At 31 January 2024

2,492,527
424,243
47,030
1,094,646
4,058,446



Depreciation


At 1 February 2023
1,004,678
191,128
34,384
1,026,889
2,257,079


Charge for the year on owned assets
124,634
70,138
8,665
23,249
226,686


Disposals
-
(8,445)
(36,905)
-
(45,350)



At 31 January 2024

1,129,312
252,821
6,144
1,050,138
2,438,415



Net book value



At 31 January 2024
1,363,215
171,422
40,886
44,508
1,620,031



At 31 January 2023
1,487,849
219,261
7,412
54,470
1,768,992


5.


Debtors

2024
2023
£
£


Trade debtors
160
1,560

Other debtors
10,373
15,865

Prepayments and accrued income
6,718
5,915

17,251
23,340


Page 6

 
FARRINGFORD ESTATE LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
92,011
53,690

92,011
53,690



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
93,830
8,720

Taxation and social security
5,353
5,771

Other creditors
8,917
11,664

Accruals and deferred income
14,715
5,804

122,815
31,959



8.


Reserves

Capital contribution

The capital contribution reserve represents a contribution to the company by the shareholder.

Profit & loss account

The profit and loss account represents all past profits and losses made by the company.


9.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £12,111 (2023: £9,271). Contributions totalling £1,313 (2023: £1,001) are payable to the fund at the balance sheet date and are included in creditors.

 
Page 7