Registration number:
Shaw Farm (Plumpton) Limited
for the Year Ended 31 March 2024
Shaw Farm (Plumpton) Limited
Contents
Company Information |
|
Balance Sheet |
|
Statement of Changes in Equity |
|
Notes to the Financial Statements |
Shaw Farm (Plumpton) Limited
Company Information
Directors |
Sir Edward Cazalet Mr David Cazalet |
Company secretary |
Sir Edward Cazalet |
Registered office |
|
Accountants |
|
Shaw Farm (Plumpton) Limited
(Registration number: 01093733)
Balance Sheet as at 31 March 2024
Note |
2024 |
2023 |
|
Fixed assets |
|||
Tangible assets |
|
|
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Retained earnings |
|
|
|
Shareholders' funds |
|
|
For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
|
|
Shaw Farm (Plumpton) Limited
Statement of Changes in Equity for the Year Ended 31 March 2024
Share capital |
Retained earnings |
Total |
|
At 1 April 2023 |
|
|
|
Loss for the year |
- |
( |
( |
At 31 March 2024 |
|
|
|
Share capital |
Retained earnings |
Total |
|
At 1 April 2022 |
|
|
|
Loss for the year |
- |
( |
( |
At 31 March 2023 |
4 |
192,423 |
192,427 |
Shaw Farm (Plumpton) Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
General information |
The company is a private company limited by share capital, incorporated in England .
The address of its registered office is:
U.K.
The principal place of business is:
The Cottage, Shaw Farm
Plumpton Green
Lewes
East Sussex
BN7 3DG
The financial statements are presented in Sterling, the functional currency of the company.
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable in respect of contract income and government grants and is shown net of value added tax, returns, rebates and discounts.
Contract revenue recognition
Revenue in respect of herbage and grazing agreements is recognised in the accounting period to which it relates.
Government grants
Revenue in respect of grants and subsidies is recognised in the accounting period to which it relates.
Shaw Farm (Plumpton) Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Land |
Not depreciated |
Buildings |
1% on the reducing balance |
Plant and machinery |
15% on the reducing balance |
Farm drive |
depreciated over 10 years, straight line |
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Tangible assets |
Land and buildings |
Furniture, fittings and equipment |
Total |
|
Cost or valuation |
|||
At 1 April 2023 |
|
|
|
At 31 March 2024 |
|
|
|
Depreciation |
|||
At 1 April 2023 |
|
|
|
Charge for the year |
|
|
|
At 31 March 2024 |
|
|
|
Carrying amount |
|||
At 31 March 2024 |
|
|
|
At 31 March 2023 |
|
|
|
Only buildings are depreciated but land and buildings are shown as one column in the table above.
Shaw Farm (Plumpton) Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
Debtors |
2024 |
2023 |
|
Prepayments |
|
|
VAT Control account |
1,625 |
484 |
Accrued income |
14,094 |
- |
|
|
Creditors |
Creditors: amounts falling due within one year
2024 |
2023 |
|
Due within one year |
||
Other creditors |
1,232 |
739 |
The Sir Edward Cazalet 2002 Discretionary Trust |
187 |
1,852 |
Accruals |
7,158 |
7,800 |
Other related parties |
2,200 |
1,800 |
|
|
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
|
|
4 |
|
4 |
Obligations under leases and hire purchase contracts |
Operating leases
The total of future minimum lease payments is as follows:
2024 |
2023 |
|
Not later than one year |
|
|
The amount of non-cancellable operating lease payments recognised as an expense during the year was £
Shaw Farm (Plumpton) Limited
Notes to the Financial Statements for the Year Ended 31 March 2024
Related party transactions |
Transactions with directors |
Sir Edward Cazalet, a director of the company, has made loans to the company. These are included in creditors, amounts falling due within one year as other creditors. At the balance sheet date the amount due to Sir Edward Cazalet was £
600
(
2023
: £
600
).
|
Summary of transactions with other related parties
|
The amount outstanding on the loan from
The above loan is repayable in full within four weeks on written demand by the lender.
Parent and ultimate parent undertaking |
The ultimate controlling party is