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Registration number: 08392458

Blythe Bridge Hall Farm Limited

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Blythe Bridge Hall Farm Limited

Contents

Company Information

1

Director's Report

2

Balance Sheet

3 to 4

Notes to the Unaudited Financial Statements

5 to 9

 

Blythe Bridge Hall Farm Limited

Company Information

Director

Mr T F Holland

Company secretary

Mrs S A Holland

Registered office

51 St John Street
Ashbourne
Derbyshire
DE6 1GP

Accountants

Coates and Partners Limited
Chartered Accountants
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP

 

Blythe Bridge Hall Farm Limited

Director's Report for the Year Ended 29 February 2024

The director presents his report and the financial statements for the year ended 29 February 2024.

Director of the company

The director who held office during the year was as follows:

Mr T F Holland

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 11 November 2024
 

.........................................
Mr T F Holland
Director

 

Blythe Bridge Hall Farm Limited

(Registration number: 08392458)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

361,977

400,870

Current assets

 

Stocks

218,560

197,868

Debtors

5

48,518

67,452

Cash at bank and in hand

 

22,769

22,146

 

289,847

287,466

Creditors: Amounts falling due within one year

6

(93,423)

(92,505)

Net current assets

 

196,424

194,961

Total assets less current liabilities

 

558,401

595,831

Creditors: Amounts falling due after more than one year

6

(252,790)

(335,841)

Provisions for liabilities

(34,000)

(38,000)

Net assets

 

271,611

221,990

Capital and reserves

 

Called up share capital

197,480

197,480

Retained earnings

74,131

24,510

Shareholders' funds

 

271,611

221,990

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.

Approved and authorised by the director on 11 November 2024
 

 

Blythe Bridge Hall Farm Limited

(Registration number: 08392458)
Balance Sheet as at 29 February 2024 (continued)

.........................................
Mr T F Holland
Director

   
     
 

Blythe Bridge Hall Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital incorporated in England and Wales registration number: 08392458.

The address of its registered office is:
51 St John Street
Ashbourne
Derbyshire
DE6 1GP
England

These financial statements were authorised for issue by the director on 11 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The presentation currency is £ sterling.

Revenue recognition

Turnover comprises the value of goods and livestock sold, services rendered and other farming receipts during the year and are exclusive of value added tax.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Blythe Bridge Hall Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

2

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% reducing balance

Office equipment

33% straight line basis

Buildings

5% straight line basis

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
Biological assets are included at deprecated cost. Livestock which is homebred, farm reared or acquired some time before maturity and matured on the farm is valued at deemed cost at the following rates: cattle and sheep 60% and 75% of open market value. An election has been made to tax herds and flocks on the herd basis.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

 

Blythe Bridge Hall Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

2

Accounting policies (continued)

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 1).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 March 2023

353,711

1,476

615,809

970,996

Additions

-

-

10,384

10,384

Disposals

-

-

(2,628)

(2,628)

At 29 February 2024

353,711

1,476

623,565

978,752

Depreciation

At 1 March 2023

152,825

1,323

415,978

570,126

Charge for the year

17,676

153

30,916

48,745

Eliminated on disposal

-

-

(2,096)

(2,096)

At 29 February 2024

170,501

1,476

444,798

616,775

Carrying amount

At 29 February 2024

183,210

-

178,767

361,977

At 28 February 2023

200,886

153

199,831

400,870

Included within the net book value of land and buildings above is £183,210 (2023 - £200,886) in respect of freehold land and buildings.
 

 

Blythe Bridge Hall Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

5

Debtors

Current

2024
£

2023
£

Trade debtors

44,852

55,795

Prepayments

1,261

405

Other debtors

2,405

11,252

 

48,518

67,452

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

10,800

14,657

Trade creditors

 

41,547

48,598

Taxation and social security

 

24,855

14,051

Accruals and deferred income

 

3,200

3,199

Other creditors

 

13,021

12,000

 

93,423

92,505

Leases are secured against the assets to which they relate.

The Bounce Back Loan is 100% Government guaranteed.

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

14,168

24,966

Other creditors

 

238,622

310,875

 

252,790

335,841

Leases are secured against the assets to which they relate.

The Bounce Back Loan is 100% Government guaranteed.

 

Blythe Bridge Hall Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 29 February 2024 (continued)

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000

Hire purchase contracts

800

4,657

10,800

14,657

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

14,168

24,166

Hire purchase contracts

-

800

14,168

24,966