Company registration number: 14708137
Unaudited financial statements
for the period ended 31 May 2024
for
Church Farm Norfolk Ltd
Pages for filing with the Registrar
Company registration number: 14708137
Church Farm Norfolk Ltd
Balance sheet
as at 31 May 2024
Note £ £
Fixed assets
Intangible assets 4 251,599
Tangible assets 5 1,388,152
1,639,751
Current assets
Debtors 618,264
Cash at bank and in hand 3,727
621,991
Creditors: amounts falling due within
one year
(252,565)
Net current assets 369,426
Total assets less current liabilities 2,009,177
Creditors: Amounts falling due after
more than one year
(1,754,828)
NET ASSETS 254,349
Capital and reserves
Called up share capital 2
Profit and loss account 254,347
TOTAL EQUITY 254,349
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the period ended 31 May 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 14708137
Church Farm Norfolk Ltd
Balance sheet - continued
as at 31 May 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 29 November 2024 and signed on its behalf by:
Mrs A George, Director Mr A George, Director
29 November 2024 29 November 2024
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Church Farm Norfolk Ltd
Notes to the financial statements
for the period ended 31 May 2024
1 Company information
Church Farm Norfolk Ltd is a private company registered in England and Wales. Its registered number is 14708137. The company is limited by shares. Its registered office is 14 West Parade, Norwich, NR2 3DW.
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 historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - 10% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 0% straight line
Plant and machinery etc.:
Plant and machinery - 20% reducing balance
Fixtures & fittings - 15% reducing balance
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Church Farm Norfolk Ltd
Notes to the financial statements - continued
for the period ended 31 May 2024
2 Accounting policies - continued
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the period the average number of employees was 41.
4 Intangible assets
Goodwill
£
Cost
Additions 279,555
At 31 May 2024 279,555
Amortisation
Charge for period 27,956
At 31 May 2024 27,956
Net book value
At 31 May 2024 251,599
5 Tangible fixed assets
Land and
buildings
Plant and
machinery
etc.
Totals
£ £ £
Cost
Additions 1,350,000 46,090 1,396,090
At 31 May 2024 1,350,000 46,090 1,396,090
Depreciation
Charge for period - 7,938 7,938
At 31 May 2024 - 7,938 7,938
Net book value
At 31 May 2024 1,350,000 38,152 1,388,152
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