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REGISTERED NUMBER: 07199314 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

NEW FOREST CIDER LTD

NEW FOREST CIDER LTD (REGISTERED NUMBER: 07199314)

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










Page

Company Information 1

Balance Sheet 3

Notes to the Financial Statements 5


NEW FOREST CIDER LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr B J C Topp
Mrs S D Topp
Mr J W Topp
Mr J H Topp
Mrs S A Topp
Ms M L Topp





SECRETARY: Mrs S A Topp





REGISTERED OFFICE: Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS





BUSINESS ADDRESS: Littlemead
Pound Lane
Burley
Ringwood
Hampshire
BH24 4ED





REGISTERED NUMBER: 07199314 (England and Wales)






NEW FOREST CIDER LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







ACCOUNTANTS: BK Plus Limited
Chartered Accountants
Murrills House
48 East Street
Portchester
Fareham
Hampshire
PO16 9XS

NEW FOREST CIDER LTD (REGISTERED NUMBER: 07199314)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 876,666 878,442
876,666 878,442

CURRENT ASSETS
Stocks 36,356 54,220
Debtors 6 7,587 8,983
Cash at bank and in hand 1,565 1,308
45,508 64,511
CREDITORS
Amounts falling due within one year 7 289,073 269,417
NET CURRENT LIABILITIES (243,565 ) (204,906 )
TOTAL ASSETS LESS CURRENT LIABILITIES 633,101 673,536

CREDITORS
Amounts falling due after more than one year 8 (561,422 ) (565,841 )

PROVISIONS FOR LIABILITIES - (5,404 )
NET ASSETS 71,679 102,291

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 71,673 102,285
SHAREHOLDERS' FUNDS 71,679 102,291

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 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.

NEW FOREST CIDER LTD (REGISTERED NUMBER: 07199314)

BALANCE SHEET - continued
31 MARCH 2024


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 20 November 2024 and were signed on its behalf by:





Mrs S A Topp - Director


NEW FOREST CIDER LTD (REGISTERED NUMBER: 07199314)

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


1. STATUTORY INFORMATION

New Forest Cider 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents amounts receivable for goods sold net of VAT.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Freehold property is revalued at regular intervals to ensure the asset is shown at its market value.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


NEW FOREST CIDER LTD (REGISTERED NUMBER: 07199314)

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


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 36,360
AMORTISATION
At 1 April 2023
and 31 March 2024 36,360
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

NEW FOREST CIDER LTD (REGISTERED NUMBER: 07199314)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST OR VALUATION
At 1 April 2023 850,000 81,512 19,245
Additions - - 2,195
At 31 March 2024 850,000 81,512 21,440
DEPRECIATION
At 1 April 2023 - 56,457 16,932
Charge for year - 2,505 1,126
At 31 March 2024 - 58,962 18,058
NET BOOK VALUE
At 31 March 2024 850,000 22,550 3,382
At 31 March 2023 850,000 25,055 2,313

Motor Computer
vehicles equipment Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 2,500 4,292 957,549
Additions - - 2,195
At 31 March 2024 2,500 4,292 959,744
DEPRECIATION
At 1 April 2023 1,709 4,009 79,107
Charge for year 198 142 3,971
At 31 March 2024 1,907 4,151 83,078
NET BOOK VALUE
At 31 March 2024 593 141 876,666
At 31 March 2023 791 283 878,442

NEW FOREST CIDER LTD (REGISTERED NUMBER: 07199314)

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


5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
Valuation in 2018 754,000 76,562 15,790
Valuation in 2019 96,000 - 1,510
Valuation in 2020 - 1,200 -
Valuation in 2021 - 3,750 1,945
Valuation in 2022 - - 2,195
850,000 81,512 21,440

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2018 - 3,580 849,932
Valuation in 2019 2,500 144 100,154
Valuation in 2020 - - 1,200
Valuation in 2021 - 568 6,263
Valuation in 2022 - - 2,195
2,500 4,292 959,744

Freehold property was valued on an open market basis on 31 March 2019 by independent valuers .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,439 6,065
Amounts owed by associates - 90
Other debtors 4,148 2,828
7,587 8,983

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 68,307 87,993
Trade creditors 6,304 12,361
Amounts owed to associates 2,368 -
Taxation and social security 51,528 45,686
Other creditors 160,566 123,377
289,073 269,417

NEW FOREST CIDER LTD (REGISTERED NUMBER: 07199314)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 400,621 399,980
Other creditors 160,801 165,861
561,422 565,841

Amounts falling due in more than five years:

Repayable by instalments
Bank loans due over 5 years 309,233 293,678

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 433,324 428,315

Bank loans are secured on the freehold property owned by the company.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr J W Topp
Balance outstanding at start of year 1,172 (88 )
Amounts advanced 1,200 1,260
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,372 1,172

Loans to directors are interest bearing and repayable on demand.