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REGISTERED NUMBER: 12655635 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

EMMERS FARM LIMITED

EMMERS FARM LIMITED (REGISTERED NUMBER: 12655635)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Balance sheet 1

Notes to the financial statements 2


EMMERS FARM LIMITED (REGISTERED NUMBER: 12655635)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Investment property 4 22,280 22,280

Current assets
Debtors 5 1,700 2,500
Cash at bank 827 2,462
2,527 4,962
Creditors
Amounts falling due within one year 6 13,234 14,180
Net current liabilities (10,707 ) (9,218 )
Total assets less current liabilities 11,573 13,062

Capital and reserves
Called up share capital 7 100 100
Retained earnings 11,473 12,962
Shareholders' funds 11,573 13,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:





Mr G J Revell - Director


EMMERS FARM LIMITED (REGISTERED NUMBER: 12655635)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. Statutory information

Emmers Farm Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12655635. The registered office is 7&8 Church Street, Wimborne, Dorset, BH21 1JH and business address is Jubilee Farm, Burts Lane, Mannington, Wimborne, Dorset, BH21 7JX.

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.

Turnover
Turnover represents rental income accounted for on an accruals basis.

Investment property
Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from a change in fair value is recognised in other comprehensive income.

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 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

EMMERS FARM LIMITED (REGISTERED NUMBER: 12655635)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


4. Investment property
Total
£   
Fair value
At 1 May 2023
and 30 April 2024 22,280
Net book value
At 30 April 2024 22,280
At 30 April 2023 22,280

Included in fair value of investment property is freehold land of £ 22,280 (2023 - £ 22,280 ) which is not depreciated.

An option agreement is in place that restricts the company from entering into further leasing arrangements on land at Emmers Farm without the permission of the option holder.

Investment property was valued on an open market basis on 30 April 2024 by the director.

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 1,700 2,500

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Tax 2,639 5,287
Accruals and deferred income 10,595 8,893
13,234 14,180

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1.00 100 100

8. Ultimate controlling party

The Company is under the control of the director, by virtue of his 100% holding of the issued voting share capital of the Company.

9. Options granted

During the period ended 30 April 2021, the company granted an option to lease land at Emmers Farm for which it receives an annual fee from the option holder.

Potential future income from this option grant is contingent on neither the option being exercised nor notice to terminate the option agreement being filed by either party.