Company registration number 03451182 (England and Wales)
UPPER MEDWAY FARMS LIMITED
Financial Statements
For The Year Ended 31 January 2024
Pages For Filing With Registrar
Upper Medway Farms Limited
UPPER MEDWAY FARMS LIMITED
Company Information
Directors
N J Ottewell
M F Regan
(Appointed 13 July 2023)
J P Regan
(Appointed 13 July 2023)
A J McLean
(Appointed 13 July 2023)
Secretary
Mrs AJ Mclean
Company number
03451182
Registered office
Barons Place
Mereworth
Kent
England
ME18 5NF
Auditor
Chavereys Audit Limited
The Goods Shed
Jubilee Way
Faversham
Kent
England
ME13 8GD
Upper Medway Farms Limited
UPPER MEDWAY FARMS LIMITED
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 3
Upper Medway Farms Limited
UPPER MEDWAY FARMS LIMITED
Balance Sheet
As At 31 January 2024
31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
322,071
322,071
Current assets
Debtors
4
238,077
238,077
Net current assets
238,077
238,077
Net assets
560,148
560,148
Capital and reserves
Called up share capital
269,500
269,500
Profit and loss reserves
290,648
290,648
Total equity
560,148
560,148

The notes on pages 2 to 3 form part of these financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 30 October 2024 and are signed on its behalf by:
M F Regan
Director
Company registration number 03451182 (England and Wales)
Upper Medway Farms Limited
UPPER MEDWAY FARMS LIMITED
Notes To The Financial Statements
For The Year Ended 31 January 2024
- 2 -
1
Accounting policies
Company information

Upper Medway Farms Limited is a private company limited by shares incorporated in England and Wales. The registered office is Barons Place, Mereworth, Kent, England, ME18 5NF.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land
Not depreciated

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.3

Financial reporting standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

 

 

This information is included in the consolidated financial statements of Skylark Farming Limited as at 31 January 2024 and these financial statements may be obtained from Barons Place, Mereworth, Maidstone, Kent, ME18 5NF.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
3
Upper Medway Farms Limited
UPPER MEDWAY FARMS LIMITED
Notes To The Financial Statements (Continued)
For The Year Ended 31 January 2024
- 3 -
3
Tangible fixed assets
Freehold land
£
Cost
At 1 February 2023 and 31 January 2024
322,071
Depreciation and impairment
At 1 February 2023 and 31 January 2024
-
0
Carrying amount
At 31 January 2024
322,071
At 31 January 2023
322,071
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
238,077
238,077
5
Parent company

The company's parent undertaking is Laurence J Betts Limited.

 

The ultimate controlling party of Upper Medway Farms Limited is Skylark Farming Limited.

 

Group accounts are prepared by Skylark Farming Limited and can be obtained from its registered office at Barons Place, Mereworth, Kent, England, ME18 5NF.

6
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Iain D Morris FCA
Statutory Auditor:
Chavereys Audit Limited
Date of audit report:
30 October 2024
2024-01-312023-02-01false30 October 2024CCH SoftwareCCH Accounts Production 2024.200No description of principal activityThis audit opinion is unqualifiedN J OttewellM F ReganJ P ReganA J McLeanMr S J BettsMrs A R WrightMrs AJ Mcleanfalsefalse034511822023-02-012024-01-3103451182bus:Director12023-02-012024-01-3103451182bus:Director22023-02-012024-01-3103451182bus:Director32023-02-012024-01-3103451182bus:CompanySecretaryDirector12023-02-012024-01-3103451182bus:CompanySecretary12023-02-012024-01-3103451182bus:Director42023-02-012024-01-3103451182bus:Director52023-02-012024-01-3103451182bus:Director62023-02-012024-01-3103451182bus:RegisteredOffice2023-02-012024-01-31034511822024-01-31034511822023-01-3103451182core:LandBuildingscore:OwnedOrFreeholdAssets2024-01-3103451182core:LandBuildingscore:OwnedOrFreeholdAssets2023-01-3103451182core:ShareCapital2024-01-3103451182core:ShareCapital2023-01-3103451182core:RetainedEarningsAccumulatedLosses2024-01-3103451182core:RetainedEarningsAccumulatedLosses2023-01-3103451182core:LandBuildingscore:OwnedOrFreeholdAssets2023-02-012024-01-31034511822022-02-012023-01-3103451182core:LandBuildingscore:OwnedOrFreeholdAssets2023-01-3103451182core:CurrentFinancialInstruments2024-01-3103451182core:CurrentFinancialInstruments2023-01-3103451182bus:PrivateLimitedCompanyLtd2023-02-012024-01-3103451182bus:SmallCompaniesRegimeForAccounts2023-02-012024-01-3103451182bus:FRS1022023-02-012024-01-3103451182bus:Audited2023-02-012024-01-3103451182bus:FullAccounts2023-02-012024-01-31xbrli:purexbrli:sharesiso4217:GBP