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REGISTERED NUMBER: 01045801 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2024

FOR

LECONFIELD FARMS LIMITED

LECONFIELD FARMS LIMITED (REGISTERED NUMBER: 01045801)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LECONFIELD FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTORS: Lord Egremont
Lady Egremont
J R Giffin
G Wyndham





SECRETARY: T P Wardle





REGISTERED OFFICE: Petworth House
Petworth
West Sussex
GU28 0DU





REGISTERED NUMBER: 01045801 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

LECONFIELD FARMS LIMITED (REGISTERED NUMBER: 01045801)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,180 3,976
Tangible assets 5 217,632 219,092
Investments 6 29,194 47,889
250,006 270,957

CURRENT ASSETS
Stocks 257,709 328,122
Debtors 7 161,380 264,570
Cash at bank 261,637 282,175
680,726 874,867
CREDITORS
Amounts falling due within one year 8 202,908 363,730
NET CURRENT ASSETS 477,818 511,137
TOTAL ASSETS LESS CURRENT
LIABILITIES

727,824

782,094

PROVISIONS FOR LIABILITIES 5,547 9,099
NET ASSETS 722,277 772,995

CAPITAL AND RESERVES
Called up share capital 40,100 40,100
Fair value reserve 9 23,647 38,790
Retained earnings 658,530 694,105
722,277 772,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

LECONFIELD FARMS LIMITED (REGISTERED NUMBER: 01045801)

BALANCE SHEET - continued
31ST MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19th September 2024 and were signed on its behalf by:





Lord Egremont - Director


LECONFIELD FARMS LIMITED (REGISTERED NUMBER: 01045801)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024


1. STATUTORY INFORMATION

Leconfield Farms Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements are being amortised evenly over their estimated useful life of eight years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Between 2% and 15% reducing balance
Plant and machinery etc - 50% on reducing balance, 25% on reducing balance and 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

The stocks have been valued at the balance sheet date by professional valuers, Savills.

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
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.

LECONFIELD FARMS LIMITED (REGISTERED NUMBER: 01045801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Listed investments are included at fair value and gains are recognised in the income statement. Unlisted investments are included at cost less impairment where it is not possible to measure fair value reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st April 2023
and 31st March 2024 6,364
AMORTISATION
At 1st April 2023 2,388
Charge for year 796
At 31st March 2024 3,184
NET BOOK VALUE
At 31st March 2024 3,180
At 31st March 2023 3,976

LECONFIELD FARMS LIMITED (REGISTERED NUMBER: 01045801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st April 2023 555,474 279,464 834,938
Additions - 36,073 36,073
Disposals - (5,400 ) (5,400 )
At 31st March 2024 555,474 310,137 865,611
DEPRECIATION
At 1st April 2023 433,173 182,673 615,846
Charge for year 4,801 32,559 37,360
Eliminated on disposal - (5,227 ) (5,227 )
At 31st March 2024 437,974 210,005 647,979
NET BOOK VALUE
At 31st March 2024 117,500 100,132 217,632
At 31st March 2023 122,301 96,791 219,092

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st April 2023 47,889
Disposals (18,695 )
At 31st March 2024 29,194
NET BOOK VALUE
At 31st March 2024 29,194
At 31st March 2023 47,889

The book cost of listed and unlisted investments before revaluation to fair value at the year ended 31 March 2024 was £nil (2023: £nil).

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,888 7,347
Other debtors 158,492 257,223
161,380 264,570

LECONFIELD FARMS LIMITED (REGISTERED NUMBER: 01045801)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 58,220 199,677
Taxation and social security 3,382 16,288
Other creditors 141,306 147,765
202,908 363,730

9. RESERVES
Fair
value
reserve
£   
At 1st April 2023 38,790
Movement during year (15,143 )

At 31st March 2024 23,647