Silverfin false false 31/12/2023 03/02/2023 31/12/2023 Mr K Kendall 03/02/2023 29 October 2024 The principal activity of the company during the period was egg production. 14638823 2023-12-31 14638823 bus:Director1 2023-12-31 14638823 core:CurrentFinancialInstruments 2023-12-31 14638823 core:ShareCapital 2023-12-31 14638823 core:RetainedEarningsAccumulatedLosses 2023-12-31 14638823 core:OtherPropertyPlantEquipment 2023-02-02 14638823 2023-02-02 14638823 core:OtherPropertyPlantEquipment 2023-12-31 14638823 bus:OrdinaryShareClass1 2023-12-31 14638823 2023-02-03 2023-12-31 14638823 bus:FilletedAccounts 2023-02-03 2023-12-31 14638823 bus:SmallEntities 2023-02-03 2023-12-31 14638823 bus:AuditExemptWithAccountantsReport 2023-02-03 2023-12-31 14638823 bus:PrivateLimitedCompanyLtd 2023-02-03 2023-12-31 14638823 bus:Director1 2023-02-03 2023-12-31 14638823 core:OtherPropertyPlantEquipment 2023-02-03 2023-12-31 14638823 bus:OrdinaryShareClass1 2023-02-03 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 14638823 (England and Wales)

KENDALL FARMING LTD

Unaudited Financial Statements
For the financial period from 03 February 2023 to 31 December 2023
Pages for filing with the registrar

KENDALL FARMING LTD

Unaudited Financial Statements

For the financial period from 03 February 2023 to 31 December 2023

Contents

KENDALL FARMING LTD

BALANCE SHEET

As at 31 December 2023
KENDALL FARMING LTD

BALANCE SHEET (continued)

As at 31 December 2023
Note 31.12.2023
£
Fixed assets
Tangible assets 3 11,842
11,842
Current assets
Stocks 17,757
Debtors 4 9,161
Cash at bank and in hand 7,937
34,855
Creditors: amounts falling due within one year 5 ( 84,882)
Net current liabilities (50,027)
Total assets less current liabilities (38,185)
Net liabilities ( 38,185)
Capital and reserves
Called-up share capital 6 1
Profit and loss account ( 38,186 )
Total shareholder's deficit ( 38,185)

For the financial period ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Kendall Farming Ltd (registered number: 14638823) were approved and authorised for issue by the Director on 29 October 2024. They were signed on its behalf by:

Mr K Kendall
Director
KENDALL FARMING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 03 February 2023 to 31 December 2023
KENDALL FARMING LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 03 February 2023 to 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Kendall Farming Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is West Nancemeer Farm, St Newlyn East, Newquay, TR8 5JB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £38,185. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Given the current position, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Plant and machinery etc. 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

2. Employees

Period from
03.02.2023 to
31.12.2023
Number
Monthly average number of persons employed by the Company during the period, including the director 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 03 February 2023 0 0
Additions 59,332 59,332
Disposals ( 46,583) ( 46,583)
At 31 December 2023 12,749 12,749
Accumulated depreciation
At 03 February 2023 0 0
Charge for the financial period 907 907
At 31 December 2023 907 907
Net book value
At 31 December 2023 11,842 11,842

4. Debtors

31.12.2023
£
VAT recoverable 9,161

5. Creditors: amounts falling due within one year

31.12.2023
£
Trade creditors 6,595
Other creditors 78,287
84,882

6. Called-up share capital

31.12.2023
£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00 1

7. Financial commitments

Commitments

Capital commitments are as follows:

31.12.2023
£
Contracted for but not provided for:
Finance leases entered into 91,532
Other 527,800
619,332