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Registered Number: 11227642
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 January 2024

for

NUTBOURNE FARM LTD

Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Nutbourne Farm Ltd for the year ended 31 January 2024.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Nutbourne Farm Ltd for the year ended 31 January 2024 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance

This report is made solely to the Board of Directors of Nutbourne Farm Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Nutbourne Farm Ltd and state those matters that we have agreed to state to the Board of Directors of Nutbourne Farm Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Nutbourne Farm Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Nutbourne Farm Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Nutbourne Farm Ltd . You consider that Nutbourne Farm Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Nutbourne Farm Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.



....................................................
Pink Mango Accountants Ltd
Coltsfoot
Farm Lane
Chichester
West Sussex
PO18 8SA
31 October 2024
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 22,255    18,858 
22,255    18,858 
Current assets      
Stocks 217    198 
Debtors 627    905 
Cash at bank and in hand 3,891    4,622 
4,735    5,725 
Creditors: amount falling due within one year (13,682)   (11,374)
Net current assets (8,947)   (5,649)
 
Total assets less current liabilities 13,308    13,209 
Creditors: amount falling due after more than one year (2,221)   (5,326)
Accruals and deferred income (720)   (720)
Provisions for liabilities (2,482)   (1,700)
Net assets 7,885    5,463 
 

Capital and reserves
     
Called up share capital 10    10 
Profit and loss account 7,875    5,453 
Shareholders' funds 7,885    5,463 
 


For the year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 31 October 2024 and were signed by:


-------------------------------
Jennifer Walter
Director
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General Information
Nutbourne Farm Ltd is a private company, limited by shares, registered in England and Wales, registration number 11227642, registration address Coltsfoot, Farm Lane, Chichester, West Sussex, PO18 8SA.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by Section 1A of the standard)
Turnover
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.

Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation for the period 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 taxation
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 period 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.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Fixtures and Fittings 10% Straight Line
Improvements to property 15 Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. 
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 1 (2023 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Improvements to property   Total
  £   £   £   £
At 01 February 2023 14,626    2,289    12,704    29,619 
Additions 4,593    2,208      6,801 
Disposals      
At 31 January 2024 19,219    4,497    12,704    36,420 
Depreciation
At 01 February 2023 7,431    535    2,795    10,761 
Charge for year 2,339    351    714    3,404 
On disposals      
At 31 January 2024 9,770    886    3,509    14,165 
Net book values
Closing balance as at 31 January 2024 9,449    3,611    9,195    22,255 
Opening balance as at 01 February 2023 7,195    1,754    9,909    18,858 


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