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REGISTERED NUMBER: 04863078 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

THE SUNNYFIELDS PARTNERSHIP LIMITED

THE SUNNYFIELDS PARTNERSHIP LIMITED (REGISTERED NUMBER: 04863078)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE SUNNYFIELDS PARTNERSHIP LIMITED

COMPANY INFORMATION
for the Year Ended 31ST JANUARY 2024







DIRECTORS: I A Nelson
L Nelson
T A Nelson





REGISTERED OFFICE: Jacobs Gutter Lane
Eling
Totton
Southampton
Hampshire
SO4O 9FX





REGISTERED NUMBER: 04863078 (England and Wales)





ACCOUNTANTS: Underwood Barron LLP
Monks Brook House
13 - 17 Hursley Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2FW

THE SUNNYFIELDS PARTNERSHIP LIMITED (REGISTERED NUMBER: 04863078)

BALANCE SHEET
31ST JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,140,287 1,245,132

CURRENT ASSETS
Stocks 77,240 86,003
Debtors 5 20,577 14,853
Cash at bank and in hand 47,260 13,449
145,077 114,305
CREDITORS
Amounts falling due within one year 6 159,702 204,785
NET CURRENT LIABILITIES (14,625 ) (90,480 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,125,662

1,154,652

CREDITORS
Amounts falling due after more than one year 7 518,158 729,900
NET ASSETS 607,504 424,752

CAPITAL AND RESERVES
Called up share capital 3 3
Other reserves 17,141 17,141
Retained earnings 590,360 407,608
SHAREHOLDERS' FUNDS 607,504 424,752

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

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 17th October 2024 and were signed on its behalf by:



I A Nelson - Director


THE SUNNYFIELDS PARTNERSHIP LIMITED (REGISTERED NUMBER: 04863078)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31ST JANUARY 2024

1. STATUTORY INFORMATION

The Sunnyfields Partnership 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.

The company has had a positive year resulting in a profit and considerable year on year improvement. The stronger bottom line performance stemmed from (1) investments made in the main Sunnyfields site, (2) expansion of the 'Pumpkin Festival', (3) increased farm shop selection and (4) a change in sales mix away from home delivery, which as a result has reduced the net balance sheet deficit.

Turnover for the company more than doubled as the positive growth of events, farm shop and other onsite activities was offset by the conscious decision to reduce the home delivery segment of the business. Expenditure was reduced, mainly due to the divesting from the home delivery business.

The relationship with Triodos Bank is positive and they remain supportive, with the bank loan within terms and discussions of additional funding for new opportunities in progress.

Turnover
Turnover represents income received by the company from its principal activity during the year, net of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - None provided and Straight line over 25 years
Plant and machinery etc - 33% on cost, 25% on reducing balance, 25% on cost, 10% on cost and 10% on reducing balance

Freehold land and buildings

Freehold land and buildings are stated at valuation. Valuations are made by the director with the assistance of independent professional advice.

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.


THE SUNNYFIELDS PARTNERSHIP LIMITED (REGISTERED NUMBER: 04863078)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST 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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 27 (2023 - 44 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st February 2023 33,000 2,267,377 2,300,377
Additions - 62,566 62,566
Disposals - (21,995 ) (21,995 )
At 31st January 2024 33,000 2,307,948 2,340,948
DEPRECIATION
At 1st February 2023 - 1,055,245 1,055,245
Charge for year - 149,082 149,082
Eliminated on disposal - (3,666 ) (3,666 )
At 31st January 2024 - 1,200,661 1,200,661
NET BOOK VALUE
At 31st January 2024 33,000 1,107,287 1,140,287
At 31st January 2023 33,000 1,212,132 1,245,132

Included in cost or valuation of land and buildings is freehold land of £ 33,000 (2023 - £ 33,000 ) which is not depreciated.

THE SUNNYFIELDS PARTNERSHIP LIMITED (REGISTERED NUMBER: 04863078)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST JANUARY 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31st January 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2010 8,815 - 8,815
Valuation in 2015 8,326 - 8,326
Cost 15,859 2,307,948 2,323,807
33,000 2,307,948 2,340,948

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

31.1.24 31.1.23
£    £   
Cost 15,859 15,859

Value of land in freehold land and buildings 15,859 15,859

Freehold property was valued on an open market basis on 31st January 2019 by the directors with professional advice .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1st February 2023 154,325
Disposals (21,995 )
Transfer to ownership (98,045 )
At 31st January 2024 34,285
DEPRECIATION
At 1st February 2023 26,622
Charge for year 3,172
Eliminated on disposal (3,666 )
Transfer to ownership (19,290 )
At 31st January 2024 6,838
NET BOOK VALUE
At 31st January 2024 27,447
At 31st January 2023 127,703

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 9,187 7,251
Other debtors 11,390 7,602
20,577 14,853

THE SUNNYFIELDS PARTNERSHIP LIMITED (REGISTERED NUMBER: 04863078)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 17,132 28,018
Hire purchase contracts 10,286 43,849
Trade creditors 57,680 80,473
Other creditors 74,604 52,445
159,702 204,785

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 215,263 229,975
Hire purchase contracts 3,429 53,780
Other creditors 299,466 446,145
518,158 729,900

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 146,736 161,448

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank overdraft - 10,886
Bank loans 232,395 247,107
232,395 257,993

9. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet is £591,155 (2023: £16,611)