Registered number
01449794
Tuckmarsh Farm Limited
Filleted Accounts
31 October 2023
Tuckmarsh Farm Limited
Registered number: 01449794
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 - 12,257
Tangible assets 4 1,986,681 1,998,361
1,986,681 2,010,618
Current assets
Stocks - 36,767
Debtors 5 59,767 1,610
Investments held as current assets 6 50
Cash at bank and in hand 12,582 14,023
72,399 52,400
Creditors: amounts falling due within one year 7 (61,473) (28,834)
Net current assets 10,926 23,566
Total assets less current liabilities 1,997,607 2,034,184
Creditors: amounts falling due after more than one year 8 (109,900) (115,263)
Net assets 1,887,707 1,918,921
Capital and reserves
Called up share capital 100 100
Revaluation reserve 9 1,656,058 1,656,058
Profit and loss account 231,549 262,763
Shareholders' funds 1,887,707 1,918,921
The directors are 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 directors acknowledge their 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.
C Bonham-Christie
Director
Approved by the board on 14 October 2024
Tuckmarsh Farm Limited
Notes to the Accounts
for the year ended 31 October 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.
Tangible fixed assets
Land and buildings are shown at probate value in 2012 with additions at coat.. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Buildings additions 2% on cost
Plant and machinery 20% on written down value
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Entitlement to Single Farm Payment
Cost
At 1 November 2022 20,429
At 31 October 2023 20,429
Amortisation
At 1 November 2022 8,172
Provided during the year 12,257
At 31 October 2023 20,429
Net book value
At 31 October 2023 -
At 31 October 2022 12,257
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 November 2022 1,965,738 142,067 2,107,805
Disposals - (90,965) (90,965)
At 31 October 2023 1,965,738 51,102 2,016,840
Depreciation
At 1 November 2022 2,707 106,737 109,444
Charge for the year - 3,514 3,514
On disposals - (82,799) (82,799)
At 31 October 2023 2,707 27,452 30,159
Net book value
At 31 October 2023 1,963,031 23,650 1,986,681
At 31 October 2022 1,963,031 35,330 1,998,361
5 Debtors 2023 2022
£ £
Trade debtors 50,017 26,977
Other debtors 9,750 (25,367)
59,767 1,610
6 Investments held as current assets 2023 2022
£ £
Fair value
Unlisted investments 50 -
The company has a 34% interest (par Value) in Marston Park Ltd a company incorporated in England
7 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 8,964 8,964
Obligations under finance lease and hire purchase contracts 824 3,077
Taxation and social security costs 10,949 1,958
Other creditors 40,736 14,835
61,473 28,834
8 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 98,900 101,955
Obligations under finance lease and hire purchase contracts - 2,308
Other creditors 11,000 11,000
109,900 115,263
9 Revaluation reserve 2023 2022
£ £
At 1 November 2022 1,656,058 1,618,953
Movement in year - 37,105
At 31 October 2023 1,656,058 1,656,058
10 Other information
Tuckmarsh Farm Limited is a private company limited by shares and incorporated in England
At the year end the Company's bankers had an unlimited Debenture and First Charge over
49 acres of the Company's freehold land. This Debenture has since been satisfied
Since the year end the Company has realised a profit on the sale of freehold land with an original
cost of £463,230.
Tuckmarsh Farm Limited 01449794 false 2022-11-01 2023-10-31 2023-10-31 VT Final Accounts April 2024 C Bonham-Christie No description of principal activity 01449794 2021-11-01 2022-10-31 01449794 core:RevaluationReserve core:LandBuildings 2021-11-01 2022-10-31 01449794 core:WithinOneYear 2022-10-31 01449794 core:AfterOneYear 2022-10-31 01449794 core:ShareCapital 2022-10-31 01449794 core:OtherReservesSubtotal 2022-10-31 01449794 core:RetainedEarningsAccumulatedLosses 2022-10-31 01449794 core:RevaluationReserve 2021-10-31 01449794 2022-11-01 2023-10-31 01449794 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 01449794 bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 01449794 bus:Director40 2022-11-01 2023-10-31 01449794 1 2022-11-01 2023-10-31 01449794 2 2022-11-01 2023-10-31 01449794 core:Goodwill 2022-11-01 2023-10-31 01449794 core:LandBuildings 2022-11-01 2023-10-31 01449794 core:PlantMachinery 2022-11-01 2023-10-31 01449794 core:RevaluationReserve core:LandBuildings 2022-11-01 2023-10-31 01449794 countries:England 2022-11-01 2023-10-31 01449794 bus:FRS102 2022-11-01 2023-10-31 01449794 bus:FilletedAccounts 2022-11-01 2023-10-31 01449794 2023-10-31 01449794 core:WithinOneYear 2023-10-31 01449794 core:AfterOneYear 2023-10-31 01449794 core:ShareCapital 2023-10-31 01449794 core:OtherReservesSubtotal 2023-10-31 01449794 core:RetainedEarningsAccumulatedLosses 2023-10-31 01449794 core:Goodwill 2023-10-31 01449794 core:LandBuildings 2023-10-31 01449794 core:PlantMachinery 2023-10-31 01449794 core:RevaluationReserve 2023-10-31 01449794 2022-10-31 01449794 core:Goodwill 2022-10-31 01449794 core:LandBuildings 2022-10-31 01449794 core:PlantMachinery 2022-10-31 01449794 core:RevaluationReserve 2022-10-31 iso4217:GBP xbrli:pure