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Registration number: 13128066

Yew Tree Farm Holdings Limited

Unaudited Financial Statements

for the Year Ended 31 January 2024

 

Yew Tree Farm Holdings Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Yew Tree Farm Holdings Limited

(Registration number: 13128066)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,970

-

Investments

5

100

100

 

3,070

100

Current assets

 

Stocks

6

312,375

217,813

Debtors

7

14,728

3,400

Cash at bank and in hand

 

17,719

6,626

 

344,822

227,839

Creditors: Amounts falling due within one year

8

(347,607)

(228,990)

Net current liabilities

 

(2,785)

(1,151)

Net assets/(liabilities)

 

285

(1,051)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

185

(1,151)

Shareholders' funds/(deficit)

 

285

(1,051)

For the financial year ending 31 January 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 year 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.

 

Yew Tree Farm Holdings Limited

(Registration number: 13128066)
Balance Sheet as at 31 January 2024

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 and the option not to file the Profit and Loss Account and Directors' Report has been taken.

Approved and authorised by the Board on 25 October 2024 and signed on its behalf by:
 

.........................................
Mr T J Price
Director

.........................................
Mr R L P Price
Director

 

Yew Tree Farm Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

1

General information

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

The address of its registered office is:
1 The Gables
Green Lane
Higher Poynton
Cheshire
SK12 1TJ
UK

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. The company meets its day to day working capital requirements through funds provided by the directors. The directors consider that these facilities will continue to be made available to the company. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments which would result if the going concern basis were not appropriate.

 

Yew Tree Farm Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

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.

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:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Yew Tree Farm Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

Additions

3,168

3,168

At 31 January 2024

3,168

3,168

Depreciation

Charge for the year

198

198

At 31 January 2024

198

198

Carrying amount

At 31 January 2024

2,970

2,970

 

Yew Tree Farm Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

5

Investments

2024
£

2023
£

Investments in subsidiaries

100

100

Subsidiaries

£

Cost or valuation

At 1 February 2023

100

Provision

Carrying amount

At 31 January 2024

100

At 31 January 2023

100

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2023

Subsidiary undertakings

YTF Developments Limited

1 The Gables,
Green Lane,
Higher Poynton,
Cheshire,
SK12 1TJ

England and Wages

Ordinary

100%

100%

6

Stocks

2024
£

2023
£

Work in progress

312,375

217,813

 

Yew Tree Farm Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

7

Debtors

2024
£

2023
£

Owed by group undertakings

4,900

3,400

Other debtors

 

9,328

-

Accrued income

 

500

-

 

14,728

3,400

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

433

1,816

Other creditors

347,174

227,174

347,607

228,990