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REGISTERED NUMBER: 03937975 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Oakhurst Farms Limited

Oakhurst Farms Limited (Registered number: 03937975)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Oakhurst Farms Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr R A A Chiles
Mrs C M E Chiles





SECRETARY: Mr R A A Chiles





REGISTERED OFFICE: Oakhurst Farm
Turnden Road
Cranbrook
Kent
TN17 2QL





REGISTERED NUMBER: 03937975 (England and Wales)





ACCOUNTANTS: McCabe Ford Williams
Bank Chambers
61 High Street
Cranbrook
Kent
TN17 3EG

Oakhurst Farms Limited (Registered number: 03937975)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 640 853
Investment property 5 350,000 350,000
350,640 350,853

CURRENT ASSETS
Debtors 6 - 6,527
Cash at bank 1,881 5,276
1,881 11,803
CREDITORS
Amounts falling due within one year 7 5,288 9,876
NET CURRENT (LIABILITIES)/ASSETS (3,407 ) 1,927
TOTAL ASSETS LESS CURRENT
LIABILITIES

347,233

352,780

PROVISIONS FOR LIABILITIES 52,280 52,333
NET ASSETS 294,953 300,447

CAPITAL AND RESERVES
Called up share capital 8 2 2
Fair value reserve 9 210,191 210,191
Retained earnings 84,760 90,254
SHAREHOLDERS' FUNDS 294,953 300,447

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

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

Oakhurst Farms Limited (Registered number: 03937975)

Balance Sheet - continued
31 March 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 9 October 2024 and were signed on its behalf by:




Mr R A A Chiles - Director



Mrs C M E Chiles - Director


Oakhurst Farms Limited (Registered number: 03937975)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Oakhurst Farms 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Oakhurst Farms Limited (Registered number: 03937975)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
equipment
£   
COST
At 1 April 2023
and 31 March 2024 11,889
DEPRECIATION
At 1 April 2023 11,036
Charge for year 213
At 31 March 2024 11,249
NET BOOK VALUE
At 31 March 2024 640
At 31 March 2023 853

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 350,000
NET BOOK VALUE
At 31 March 2024 350,000
At 31 March 2023 350,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 300,000
Valuation in 2019 150,000
Valuation in 2020 (3,500 )
Valuation in 2023 (96,500 )
350,000

Oakhurst Farms Limited (Registered number: 03937975)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. INVESTMENT PROPERTY - continued

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

31.3.24 31.3.23
£    £   
Cost 87,689 87,689

The investment property was valued on an open market basis on 11 September 2019 by Lambert and Foster, Chartered Surveyors .

The directors consider that the latest valuation of £350,000 is realistic taking into account the most recent professional valuation and the subsequent part disposal.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors - 6,527

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 2,971 7,254
Other creditors 2,317 2,622
5,288 9,876

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
2 Ordinary £1 2 2

9. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 210,191

Oakhurst Farms Limited (Registered number: 03937975)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
Mr R A A Chiles
Balance outstanding at start of year 3,263 -
Amounts advanced - 3,263
Amounts repaid (3,477 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (214 ) 3,263

Mrs C M E Chiles
Balance outstanding at start of year 3,263 -
Amounts advanced - 3,263
Amounts repaid (3,477 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (214 ) 3,263

11. RELATED PARTY DISCLOSURES

The company rents a building to Mr R A A Chiles, a director of the company, for £1,450 per calendar month which is considered to be a commercial rent at open market value. At the year end, there were no outstanding amounts payable to the company.