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REGISTERED NUMBER: 08293476 (England and Wales)













Financial Statements

for the Year Ended 31 March 2024

for

Pusey Farm Ltd

Pusey Farm Ltd (Registered number: 08293476)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Pusey Farm Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: R C Perlhagen



REGISTERED OFFICE: 31 Hill Street
London
W1J 5LS



REGISTERED NUMBER: 08293476 (England and Wales)



ACCOUNTANTS: Strutt & Parker
Coval Hall
Rainsford Road
Chelmsford
Essex
CM1 2QF



MANAGING AGENT: Strutt & Parker
55 Northbrook Street
Newbury
Berkshire
RG14 1AN

Pusey Farm Ltd (Registered number: 08293476)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,607,500 2,635,545

CURRENT ASSETS
Inventories 229,018 301,993
Debtors 5 34,630 12,483
Prepayments and accrued income - 27,507
Cash at bank 22,364 17,840
286,012 359,823
CREDITORS
Amounts falling due within one year 6 3,740,071 3,557,839
NET CURRENT LIABILITIES (3,454,059 ) (3,198,016 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(846,559

)

(562,471

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (846,561 ) (562,473 )
SHAREHOLDERS' FUNDS (846,559 ) (562,471 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 November 2024 and were signed by:





R C Perlhagen - Director


Pusey Farm Ltd (Registered number: 08293476)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated
useful life.

Land & Buildings - 0% and 5% on reducing balance
Plant & Machinery - 15% on reducing balance and 25% on reducing balance

Stocks
Consumables and raw materials are stated at the lower of cost and estimated selling price less costs
to complete and sell.

Biological assets comprise growing crops measured at cost. Cost includes materials, direct labour and
production overheads appropriate to the relevant stages of production.

Agricultural produce harvested from these assets are measured at the lower of cost and estimated
selling price less costs to complete and sell.

Livestock is valued at the lower of costs and net realisable value. For, animals where it is not possible to ascertain the actual cost of production, cost is 'deemed cost' which for cattle represents 60% of open market value and for sheep 75% of open market value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Pusey Farm Ltd (Registered number: 08293476)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2023 2,669,981 145,650 2,815,631
Additions - 9,441 9,441
At 31 March 2024 2,669,981 155,091 2,825,072
DEPRECIATION
At 1 April 2023 88,530 91,556 180,086
Charge for year 25,846 11,640 37,486
At 31 March 2024 114,376 103,196 217,572
NET BOOK VALUE
At 31 March 2024 2,555,605 51,895 2,607,500
At 31 March 2023 2,581,451 54,094 2,635,545

Land and buildings includes the Malte East and Malte West Cottages (£1,396,140) and Great Fields House (£665,744) developments, new Grainstore Bushy Barns (£315,574) and Grainstore renovation (£209,706). Malte East and West are service occupancies and Great Fields House an agricultural dwelling for the farm manager. VAT on Malte East and West is exempt and on Great Field and Grainstores it is reclaimable as standard rated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 27,146 1,500
Other debtors 7,484 10,983
34,630 12,483

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 49,696 163,113
Taxation and social security 6,378 7,622
Other creditors 3,683,997 3,387,104
3,740,071 3,557,839

Other creditors includes the Directors current account balance of £3,670,431 which is made up of loans received to date of £8,741,144 less private expenditure of £5,070,713.