Registered number
13042757
RED FURLONG FARM LIMITED
Filleted Accounts
30 November 2023
RED FURLONG FARM LIMITED
Registered number: 13042757
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 1,645,616 1,645,616
Current assets
Cash at bank and in hand 21,268 28,546
Creditors: amounts falling due within one year 4 (1,080,678) (1,009,984)
Net current liabilities (1,059,410) (981,438)
Total assets less current liabilities 586,206 664,178
Creditors: amounts falling due after more than one year 5 (718,102) (732,175)
Net liabilities (131,896) (67,997)
Capital and reserves
Called up share capital 300 300
Profit and loss account (132,196) (68,297)
Shareholders' funds (131,896) (67,997)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr Martin Flannery
Director
Approved by the board on 9 July 2024
RED FURLONG FARM LIMITED
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rent of the land and property. Turnover from the rent of the land and property is recognised by reference to the period relates to the company financial year.
Investment property
Investment property is included at fair value. Gains are recognised in the Income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the property is sold.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Investments
Other
investments
£
Cost
At 1 December 2022 1,645,616
At 30 November 2023 1,645,616
Investment property is valued on the basis of its fair value as at 30 November 2023 by the company's internally qualified personnel based on the sales values of similar land and properties in the area.
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 69,722 69,722
Amounts owed to related company Note 7 1,009,456 937,441
Other creditors 1,500 2,821
1,080,678 1,009,984
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 718,102 732,175
6 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 787,824 801,897
The bank loan is secured on the assets of the company. In additions, the bank have their loan secured by way of a cross guarantee from P.Flannery Plant Hire (Oval) Limited, Flannery Properties Limited, Red Furlong Farm Limited and Midlands Accommodation Limited.
7 Related party transactions
Mr Martin Flannery, Mr Patrick Flannery and the Mr Paul Flannery are the directors of P. Flannery Plant Hire (Oval) Limited. As at the balance sheet date, the amount owed to P. Flannery Plant Hire (Oval) Limited was £1,009,456. There are no fixed terms of repayment.
8 Other information
RED FURLONG FARM LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
27A Maxwell Road
Northwood
Middlesex
HA6 2XY
RED FURLONG FARM LIMITED 13042757 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts July 2024 Mr Martin Flannery No description of principal activity 13042757 2021-12-01 2022-11-30 13042757 core:WithinOneYear 2022-11-30 13042757 core:AfterOneYear 2022-11-30 13042757 core:ShareCapital 2022-11-30 13042757 core:RetainedEarningsAccumulatedLosses 2022-11-30 13042757 2022-12-01 2023-11-30 13042757 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13042757 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 13042757 bus:Director40 2022-12-01 2023-11-30 13042757 countries:England 2022-12-01 2023-11-30 13042757 bus:FRS102 2022-12-01 2023-11-30 13042757 bus:FilletedAccounts 2022-12-01 2023-11-30 13042757 2023-11-30 13042757 core:WithinOneYear 2023-11-30 13042757 core:AfterOneYear 2023-11-30 13042757 core:ShareCapital 2023-11-30 13042757 core:RetainedEarningsAccumulatedLosses 2023-11-30 13042757 2022-11-30 iso4217:GBP xbrli:pure