Sculthorpe Farmhouse Limited 14852113 false 2023-05-08 2024-05-31 2024-05-31 The principal activity of the company is furnished holiday lettings. Digita Accounts Production Advanced 6.30.9574.0 true true 14852113 2023-05-08 2024-05-31 14852113 2024-05-31 14852113 core:CurrentFinancialInstruments 2024-05-31 14852113 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 14852113 core:FurnitureFittingsToolsEquipment 2024-05-31 14852113 core:LandBuildings 2024-05-31 14852113 core:MotorVehicles 2024-05-31 14852113 bus:SmallEntities 2023-05-08 2024-05-31 14852113 bus:AuditExemptWithAccountantsReport 2023-05-08 2024-05-31 14852113 bus:FullAccounts 2023-05-08 2024-05-31 14852113 bus:SmallCompaniesRegimeForAccounts 2023-05-08 2024-05-31 14852113 bus:RegisteredOffice 2023-05-08 2024-05-31 14852113 bus:Director1 2023-05-08 2024-05-31 14852113 bus:Director2 2023-05-08 2024-05-31 14852113 bus:PrivateLimitedCompanyLtd 2023-05-08 2024-05-31 14852113 core:FurnitureFittingsToolsEquipment 2023-05-08 2024-05-31 14852113 core:LandBuildings 2023-05-08 2024-05-31 14852113 core:MotorVehicles 2023-05-08 2024-05-31 14852113 countries:England 2023-05-08 2024-05-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14852113

Sculthorpe Farmhouse Limited

Unaudited Filleted Financial Statements

for the Period from 8 May 2023 to 31 May 2024

 

Sculthorpe Farmhouse Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Sculthorpe Farmhouse Limited

Company Information

Directors

Mr James Horler

Hannah Louise Horler

Registered office

8 Chalmers Avenue,
Haversham
Milton Keynes
MK19 7AG

Accountants

Greg McGrath AIMS
8 Chalmers Avenue,
Haversham
Milton Keynes
MK19 7AG

 

Sculthorpe Farmhouse Limited

(Registration number: 14852113)
Balance Sheet as at 31 May 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

1,811,102

Current assets

 

Debtors

5

3,479

Cash at bank and in hand

 

13,215

 

16,694

Creditors: Amounts falling due within one year

6

(1,843,307)

Net current liabilities

 

(1,826,613)

Net liabilities

 

(15,511)

Capital and reserves

 

Called up share capital

7

300

Retained earnings

(15,811)

Shareholders' deficit

 

(15,511)

For the financial period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

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 Board on 22 October 2024 and signed on its behalf by:
 

.........................................
Mr James Horler
Director

.........................................
Hannah Louise Horler
Director

 
     
 

Sculthorpe Farmhouse Limited

Notes to the Unaudited Financial Statements for the Period from 8 May 2023 to 31 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
8 Chalmers Avenue,
Haversham
Milton Keynes
MK19 7AG

These financial statements were authorised for issue by the Board on 22 October 2024.

2

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 for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Sculthorpe Farmhouse Limited

Notes to the Unaudited Financial Statements for the Period from 8 May 2023 to 31 May 2024

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:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2.

 

Sculthorpe Farmhouse Limited

Notes to the Unaudited Financial Statements for the Period from 8 May 2023 to 31 May 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

Additions

1,750,608

37,905

22,589

1,811,102

At 31 May 2024

1,750,608

37,905

22,589

1,811,102

Depreciation

Carrying amount

At 31 May 2024

1,750,608

37,905

22,589

1,811,102

Included within the net book value of land and buildings above is £1,750,608 in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

Trade debtors

3,479

 

3,479

 

Sculthorpe Farmhouse Limited

Notes to the Unaudited Financial Statements for the Period from 8 May 2023 to 31 May 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade creditors

2,096

Taxation and social security

3,206

Other creditors

1,838,005

1,843,307

7

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

Ordinary of £1 each

100

100

Ordinary B of £1 each

100

100

Ordinary C of £1 each

100

100

 

300

300