Company registration number 10605312 (England and Wales)
MAPSTONE FARMS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
MAPSTONE FARMS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
93,711
104,482
Current assets
68,077
68,497
Prepayments and accrued income
5,840
5,317
Creditors: amounts falling due within one year
(63,813)
(90,831)
Net current assets/(liabilities)
10,104
(17,017)
Total assets less current liabilities
103,815
87,465
Creditors: amounts falling due after more than one year
(48,680)
(51,893)
Accruals and deferred income
(14,070)
(10,297)
Net assets
41,065
25,275
Capital and reserves
41,065
25,275
MAPSTONE FARMS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees

During the year £48,863 was advanced to the director and £51,486 was subsequently repaid. The balance owed by the director at the beginning of the year was £24,622 and at the end of the year was £22,204. This loan has interest charged of £205 at 2.25%, is unsecured and has no set repayment terms.

 

2
Financial commitments, guarantees and contingencies

At the reporting date the company had outstanding commitments for future minimum lease payments under non-cancellable leases of £17,750.

3
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2024
2023
Number
Number
Employees
1
1

Mapstone Farms Limited is a private company limited by shares incorporated in England and Wales. The registered office is Maltravers House, Petters Way, YEOVIL, Somerset, BA20 1SH.

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

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 16 September 2024
Mr D Baker
Director
Company registration number 10605312 (England and Wales)
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