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REGISTERED NUMBER: 05460937 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JANUARY 2024

FOR

HOLLOW TREES FARM LIMITED

HOLLOW TREES FARM LIMITED (REGISTERED NUMBER: 05460937)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HOLLOW TREES FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JANUARY 2024







DIRECTORS: Mrs S A Bendall
R W Bendall





SECRETARY: Mrs S A Bendall





REGISTERED OFFICE: 89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA





REGISTERED NUMBER: 05460937 (England and Wales)





ACCOUNTANTS: Walter Wright
Chartered Accountants
89 High Street
Hadleigh
Ipswich
Suffolk
IP7 5EA

HOLLOW TREES FARM LIMITED (REGISTERED NUMBER: 05460937)

BALANCE SHEET
30 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,750 6,250
Tangible assets 5 1,431,642 1,384,352
1,435,392 1,390,602

CURRENT ASSETS
Stocks 176,602 123,334
Debtors 6 22,758 24,748
Cash at bank and in hand 255,379 223,005
454,739 371,087
CREDITORS
Amounts falling due within one year 7 466,645 374,599
NET CURRENT LIABILITIES (11,906 ) (3,512 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,423,486

1,387,090

CREDITORS
Amounts falling due after more than one
year

8

(25,681

)

(38,614

)

PROVISIONS FOR LIABILITIES (107,784 ) (113,911 )
NET ASSETS 1,290,021 1,234,565

CAPITAL AND RESERVES
Called up share capital 200,100 200,100
Retained earnings 10 1,089,921 1,034,465
SHAREHOLDERS' FUNDS 1,290,021 1,234,565

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 January 2024 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.

HOLLOW TREES FARM LIMITED (REGISTERED NUMBER: 05460937)

BALANCE SHEET - continued
30 JANUARY 2024


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 11 October 2024 and were signed on its behalf by:





R W Bendall - Director


HOLLOW TREES FARM LIMITED (REGISTERED NUMBER: 05460937)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JANUARY 2024


1. STATUTORY INFORMATION

Hollow Trees Farm 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 represents the sales of goods, is recognised on dispatch, and disclosed net of discounts, returns and value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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
Plant and machinery etc - 33% on reducing balance, 20% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


HOLLOW TREES FARM LIMITED (REGISTERED NUMBER: 05460937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JANUARY 2024


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 62 (2023 - 58 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31 January 2023
and 30 January 2024 50,000
AMORTISATION
At 31 January 2023 43,750
Charge for year 2,500
At 30 January 2024 46,250
NET BOOK VALUE
At 30 January 2024 3,750
At 30 January 2023 6,250

HOLLOW TREES FARM LIMITED (REGISTERED NUMBER: 05460937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JANUARY 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 31 January 2023 1,137,933 1,297,899 2,435,832
Additions 84,393 130,767 215,160
Disposals (9,499 ) (66,975 ) (76,474 )
At 30 January 2024 1,212,827 1,361,691 2,574,518
DEPRECIATION
At 31 January 2023 192,713 858,767 1,051,480
Charge for year 20,736 97,281 118,017
Eliminated on disposal (444 ) (26,177 ) (26,621 )
At 30 January 2024 213,005 929,871 1,142,876
NET BOOK VALUE
At 30 January 2024 999,822 431,820 1,431,642
At 30 January 2023 945,220 439,132 1,384,352

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 336
Other debtors 22,758 24,412
22,758 24,748

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loan 9,600 9,600
Trade creditors 138,268 127,350
Taxation and social security 67,523 33,275
Other creditors 251,254 204,374
466,645 374,599

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loan 25,681 38,614

HOLLOW TREES FARM LIMITED (REGISTERED NUMBER: 05460937)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JANUARY 2024


9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan 35,281 48,214

10. RESERVES
Retained
earnings
£   

At 31 January 2023 1,034,465
Profit for the year 125,456
Dividends (70,000 )
At 30 January 2024 1,089,921