IRIS Accounts Production v24.3.0.553 00741351 director 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh007413512022-12-31007413512023-12-31007413512023-01-012023-12-31007413512021-12-31007413512022-01-012022-12-31007413512022-12-3100741351ns15:EnglandWales2023-01-012023-12-3100741351ns14:PoundSterling2023-01-012023-12-3100741351ns10:Director12023-01-012023-12-3100741351ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3100741351ns10:SmallEntities2023-01-012023-12-3100741351ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3100741351ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3100741351ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3100741351ns10:FullAccounts2023-01-012023-12-3100741351ns10:OrdinaryShareClass12023-01-012023-12-3100741351ns10:RegisteredOffice2023-01-012023-12-3100741351ns5:CurrentFinancialInstruments2023-12-3100741351ns5:CurrentFinancialInstruments2022-12-3100741351ns5:ShareCapital2023-12-3100741351ns5:ShareCapital2022-12-3100741351ns5:RevaluationReserve2023-12-3100741351ns5:RevaluationReserve2022-12-3100741351ns5:RetainedEarningsAccumulatedLosses2023-12-3100741351ns5:RetainedEarningsAccumulatedLosses2022-12-3100741351ns5:CostValuation2022-12-3100741351ns10:OrdinaryShareClass12023-12-3100741351ns5:RetainedEarningsAccumulatedLosses2022-12-3100741351ns5:RevaluationReserve2022-12-3100741351ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 00741351 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

PREMIER FARM
SERVICES LIMITED

PREMIER FARM
SERVICES LIMITED (REGISTERED NUMBER: 00741351)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PREMIER FARM
SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: B Bishop



REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE



REGISTERED NUMBER: 00741351 (England and Wales)



ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE



BANKERS: HSBC
27 High Street
Ringwood
Hampshire
BH24 1BE

PREMIER FARM
SERVICES LIMITED (REGISTERED NUMBER: 00741351)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 153,595 153,595
Investment property 5 512,500 512,500
666,095 666,095

CURRENT ASSETS
Debtors 6 281 233
Cash at bank 77,399 88,064
77,680 88,297
CREDITORS
Amounts falling due within one year 7 38,171 47,308
NET CURRENT ASSETS 39,509 40,989
TOTAL ASSETS LESS CURRENT
LIABILITIES

705,604

707,084

PROVISIONS FOR LIABILITIES 7,472 7,472
NET ASSETS 698,132 699,612

CAPITAL AND RESERVES
Called up share capital 8 100 100
Non Distributable Reserve 9 339,085 339,085
Retained earnings 9 358,947 360,427
SHAREHOLDERS' FUNDS 698,132 699,612

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

PREMIER FARM
SERVICES LIMITED (REGISTERED NUMBER: 00741351)

BALANCE SHEET - continued
31 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 director and authorised for issue on 23 September 2024 and were signed by:





B Bishop - Director


PREMIER FARM
SERVICES LIMITED (REGISTERED NUMBER: 00741351)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Premier Farm Services 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.

Investment property
Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to a non distributable reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is carried in the profit and loss account.

This is in accordance with FRS102 which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.

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.

PREMIER FARM
SERVICES LIMITED (REGISTERED NUMBER: 00741351)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023
and 31 December 2023 153,595
NET BOOK VALUE
At 31 December 2023 153,595
At 31 December 2022 153,595

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2021 153,595

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 105,000 105,000

Fixed asset investments were valued on an open market basis basis on 31 December 2021 by Standard Life Investments .

5. INVESTMENT PROPERTY

Investment property originally costing £52,038 was valued on an open market basis on 31 December 2022 and on 30 December 2023 by the director in the sum of £350,000. Additional investment property costing £191,195 purchased in 2010 was valued at £162,500.

PREMIER FARM
SERVICES LIMITED (REGISTERED NUMBER: 00741351)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. INVESTMENT PROPERTY - continued

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2005 207,962
Valuation in 2014 90,000
Valuation in 2017 (28,695 )
Cost 243,233
512,500

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 243,233 243,233

The investment property was valued on an open market value basis on 31 December 2023 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments and accrued income 281 233

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 3,171 5,237
Directors' current accounts 27,566 34,638
Accruals and deferred income 7,434 7,433
38,171 47,308

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1.00 100 100

PREMIER FARM
SERVICES LIMITED (REGISTERED NUMBER: 00741351)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


9. RESERVES
Non
Retained Distributable
earnings Reserve Totals
£    £    £   

At 1 January 2023 360,427 339,085 699,512
Profit for the year 13,520 13,520
Dividends (15,000 ) (15,000 )
At 31 December 2023 358,947 339,085 698,032