Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-292false2023-03-01No description of principal activity5falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07282233 2023-03-01 2024-02-29 07282233 2022-03-01 2023-02-28 07282233 2024-02-29 07282233 2023-02-28 07282233 2022-03-01 07282233 c:Director1 2023-03-01 2024-02-29 07282233 d:Buildings d:ShortLeaseholdAssets 2023-03-01 2024-02-29 07282233 d:Buildings d:ShortLeaseholdAssets 2024-02-29 07282233 d:Buildings d:ShortLeaseholdAssets 2023-02-28 07282233 d:PlantMachinery 2023-03-01 2024-02-29 07282233 d:PlantMachinery 2024-02-29 07282233 d:PlantMachinery 2023-02-28 07282233 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07282233 d:MotorVehicles 2023-03-01 2024-02-29 07282233 d:MotorVehicles 2024-02-29 07282233 d:MotorVehicles 2023-02-28 07282233 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07282233 d:OfficeEquipment 2023-03-01 2024-02-29 07282233 d:OfficeEquipment 2024-02-29 07282233 d:OfficeEquipment 2023-02-28 07282233 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07282233 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 07282233 d:FreeholdInvestmentProperty 2024-02-29 07282233 d:FreeholdInvestmentProperty 2023-02-28 07282233 d:CurrentFinancialInstruments 2024-02-29 07282233 d:CurrentFinancialInstruments 2023-02-28 07282233 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 07282233 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 07282233 d:ShareCapital 2023-03-01 2024-02-29 07282233 d:ShareCapital 2024-02-29 07282233 d:ShareCapital 2022-03-01 2023-02-28 07282233 d:ShareCapital 2023-02-28 07282233 d:ShareCapital 2022-03-01 07282233 d:RetainedEarningsAccumulatedLosses 2023-03-01 2024-02-29 07282233 d:RetainedEarningsAccumulatedLosses 2024-02-29 07282233 d:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 07282233 d:RetainedEarningsAccumulatedLosses 2023-02-28 07282233 d:RetainedEarningsAccumulatedLosses 2022-03-01 07282233 c:OrdinaryShareClass1 2023-03-01 2024-02-29 07282233 c:OrdinaryShareClass1 2024-02-29 07282233 c:OrdinaryShareClass1 2023-02-28 07282233 c:OrdinaryShareClass2 2023-03-01 2024-02-29 07282233 c:OrdinaryShareClass2 2024-02-29 07282233 c:OrdinaryShareClass2 2023-02-28 07282233 c:OrdinaryShareClass3 2023-03-01 2024-02-29 07282233 c:OrdinaryShareClass3 2024-02-29 07282233 c:OrdinaryShareClass3 2023-02-28 07282233 c:FRS102 2023-03-01 2024-02-29 07282233 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 07282233 c:FullAccounts 2023-03-01 2024-02-29 07282233 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 07282233 2 2023-03-01 2024-02-29 07282233 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07282233









BROOKFIELD FARM (DORSET) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
BROOKFIELD FARM (DORSET) LIMITED
REGISTERED NUMBER: 07282233

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
As restated
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
442,202
375,298

Investment property
 5 
453,281
453,281

  
895,483
828,579

Current assets
  

Stocks
  
37,221
38,653

Debtors: amounts falling due within one year
 7 
2,313,009
1,757,442

Cash at bank and in hand
 8 
36,571
294,127

  
2,386,801
2,090,222

Creditors: amounts falling due within one year
 9 
(1,532,909)
(1,550,691)

Net current assets
  
 
 
853,892
 
 
539,531

Total assets less current liabilities
  
1,749,375
1,368,110

  

Net assets
  
1,749,375
1,368,110


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
1,749,175
1,367,910

  
1,749,375
1,368,110


Page 1

 
BROOKFIELD FARM (DORSET) LIMITED
REGISTERED NUMBER: 07282233
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 November 2024.




B Bayer
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 2

 
BROOKFIELD FARM (DORSET) LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 29 FEBRUARY 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 March 2022
100
1,026,490
1,026,590


Comprehensive income for the year

Profit for the year
-
390,520
390,520
Total comprehensive income for the year
-
390,520
390,520


Contributions by and distributions to owners

Dividends: Equity capital
-
(49,100)
(49,100)

Shares issued during the year
100
-
100


Total transactions with owners
100
(49,100)
(49,000)



At 1 March 2023
200
1,367,910
1,368,110


Comprehensive income for the year

Profit for the year
-
621,365
621,365
Total comprehensive income for the year
-
621,365
621,365


Contributions by and distributions to owners

Dividends: Equity capital
-
(240,100)
(240,100)


Total transactions with owners
-
(240,100)
(240,100)


At 29 February 2024
200
1,749,175
1,749,375


The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
BROOKFIELD FARM (DORSET) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Brookfield Farm (Dorset) Limited ("the Company") is a private company limited by shares and incorporated in England and Wales. The address of its registered office is Leytonstone House, 3 Hanbury Drive, London, E11 1GA. The principal activity is that of the wholesale of meat products, as well as farming and property investment.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
BROOKFIELD FARM (DORSET) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
BROOKFIELD FARM (DORSET) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Short-term leasehold property
-
5% straight line
Plant and machinery
-
20% straight line
Motor vehicles
-
20% straight line
Office equipment
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.12

Creditors

Short-term creditors are measured at the transaction price.

Page 6

 
BROOKFIELD FARM (DORSET) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 2).


4.


Tangible fixed assets







Short-term leasehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 March 2023
469,579
250,836
112,980
-
833,395


Additions
9,680
97,280
-
4,112
111,072



At 29 February 2024

479,259
348,116
112,980
4,112
944,467



Depreciation


At 1 March 2023
171,508
236,753
49,836
-
458,097


Charge for the year on owned assets
23,721
4,745
15,464
238
44,168



At 29 February 2024

195,229
241,498
65,300
238
502,265



Net book value



At 29 February 2024
284,030
106,618
47,680
3,874
442,202



At 28 February 2023
298,071
14,083
63,144
-
375,298

Page 7

 
BROOKFIELD FARM (DORSET) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Investment property





Freehold investment property

£



Valuation


At 1 March 2023
453,281



At 29 February 2024
453,281

The value of the properties is not considered by the directors to have materially changed from the date of acquisition to the balance sheet date.







6.


Stocks

29 February
28 February
2024
2023
£
£

Goods for resale
37,221
38,653



7.


Debtors

29 February
As restated
28 February
2024
2023
£
£


Trade debtors
1,521,173
1,101,606

Other debtors
722,483
632,919

Prepayments and accrued income
69,353
22,917

2,313,009
1,757,442


Page 8

 
BROOKFIELD FARM (DORSET) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

8.


Cash and cash equivalents

29 February
28 February
2024
2023
£
£

Cash at bank and in hand
36,571
294,127



9.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
1,102,861
748,393

Corporation tax
179,594
93,594

Other taxation and social security
9,739
3,801

Other creditors
234,098
696,903

Accruals and deferred income
6,617
8,000

1,532,909
1,550,691



10.


Share capital

29 February
As restated
28 February
2024
2023
£
£
Allotted, called up and fully paid



24 (2023 - 24) A Ordinary shares of £1.00 each
24
24
76 (2023 - 76) B Ordinary shares of £1.00 each
76
76
100 (2023 - 100) C Ordinary shares of £1.00 each
100
100

200

200

During the prior year, 100 £1 C Ordinary shares were allotted and issued at par.
All shares rank pari passu, except in respect of the declaration of dividends and distribution of assets.



11.


Prior year adjustment

A prior year adjustment was identified, in respect of the issue of 100 C Ordinary shares of £1 each. An adjustment has been processed to reflect the issue of these shares, although due to the nature of the transaction, this has not impacted on the profits of the Company for the period to 28 February 2023, nor on the net assets of the Company as at that date,

Page 9

 
BROOKFIELD FARM (DORSET) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

12.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £2,265 (2023 - £440). Contributions totalling £922 (2023 - £257) were payable to the fund at the balance sheet date and are included in creditors.


13.


Transactions with directors

During the year, the director had advances from the Company as follows:

2024
2023
£
£
Balance brought forward owed to the directors

(315,402)

(274,787)
 
Amounts advanced

1,389,962

691,308
 
Amounts repaid

(859,614)

(733,200)
 
Interest charged

3,079

1,277
 
Balance carried forward owed to the Company
218,025

(315,402)
 

During the year, interest was charged on overdrawn balances at HMRC's offical rate of interest.


14.


Related party transactions

Transactions with directors
During the year, the Company paid rent of £11,000 (2023 - £11,000) to directors. 
Transactions with companies with directors in common
At the year end, the Company was owed £239,532 (2023 - £24,836) by companies with directors in common.
Transactions with companies jointly controlled by the Company's controlling parties
At the year end, the Company was owed £11,637 (2023 - £214,696) by companies jointly controlled by the Company's controlling parties.

 
Page 10