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REGISTERED NUMBER: 12709743 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024

FOR

LIME KILN FARM 2020 LTD

LIME KILN FARM 2020 LTD (REGISTERED NUMBER: 12709743)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


LIME KILN FARM 2020 LTD (REGISTERED NUMBER: 12709743)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 803,737 813,533

CURRENT ASSETS
Debtors 5 2,164 8,764
Cash at bank 87,634 66,514
89,798 75,278
CREDITORS
Amounts falling due within one year 6 24,647 15,250
NET CURRENT ASSETS 65,151 60,028
TOTAL ASSETS LESS CURRENT
LIABILITIES

868,888

873,561

CREDITORS
Amounts falling due after more than one
year

7

(825,084

)

(880,737

)

PROVISIONS FOR LIABILITIES (6,986 ) -
NET ASSETS/(LIABILITIES) 36,818 (7,176 )

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 43,634 43,634
Retained earnings (6,916 ) (50,910 )
SHAREHOLDERS' FUNDS 36,818 (7,176 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





Mr Sean Gerald Knowles - Director


LIME KILN FARM 2020 LTD (REGISTERED NUMBER: 12709743)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Lime Kiln Farm 2020 Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12709743

Registered office: Goose Pie Farm Cottage
Booton Road
Cawston
Norwich
Norfolk
NR10 4AH

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 as modified by the revaluation of certain assets.

Turnover
Turnover 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 and buildings - 20% on reducing balance
Plant and machinery etc - 20% on reducing balance and 10% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES

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

LIME KILN FARM 2020 LTD (REGISTERED NUMBER: 12709743)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 August 2023 470,983 386,441 857,424
Additions - 44,463 44,463
At 31 July 2024 470,983 430,904 901,887
DEPRECIATION
At 1 August 2023 - 43,891 43,891
Charge for year - 54,259 54,259
At 31 July 2024 - 98,150 98,150
NET BOOK VALUE
At 31 July 2024 470,983 332,754 803,737
At 31 July 2023 470,983 342,550 813,533

Cost or valuation at 31 July 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2022 470,983 - 470,983
Cost - 430,904 430,904
470,983 430,904 901,887

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 412,804 412,804

Value of land in freehold land and buildings 351,251 351,251

Freehold land and buildings were valued on an open market basis on 31 July 2022 by the company directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,164 8,764

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 15,094 7,333
Trade creditors - 2,987
Taxation and social security 7,753 3,130
Other creditors 1,800 1,800
24,647 15,250

LIME KILN FARM 2020 LTD (REGISTERED NUMBER: 12709743)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 200,835 217,222
Other creditors 624,249 663,515
825,084 880,737

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
41 Ordinary A £1 41 41
41 Ordinary B £1 41 41
6 Ordinary C £1 6 6
6 Ordinary D £1 6 6
6 Ordinary E £1 6 6
100 100

9. RESERVES
Revaluation
reserve
£   
Land revaluation 43,634

At 31 July 2024 43,634