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REGISTERED NUMBER: 04473570 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Tally Ho Farm Ltd

Tally Ho Farm Ltd (Registered number: 04473570)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Tally Ho Farm Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: C Adkins
Mrs V Adkins
Mrs J Thomas





REGISTERED OFFICE: Fox Cottage,
Crouch Lane
Winkfield
Windsor
Berkshire
SL4 4RZ





REGISTERED NUMBER: 04473570 (England and Wales)





ACCOUNTANTS: Branston Adams
Suite 2, Victoria House
South Street
Farnham
Surrey
GU9 7QU

Tally Ho Farm Ltd (Registered number: 04473570)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 46,437 61,519
46,437 61,519

CURRENT ASSETS
Stocks 411,265 374,056
Debtors 6 421,305 494,081
Cash at bank 2,774 3,006
835,344 871,143
CREDITORS
Amounts falling due within one year 7 709,309 738,851
NET CURRENT ASSETS 126,035 132,292
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,472

193,811

CREDITORS
Amounts falling due after more than one
year

8

13,333

23,333
NET ASSETS 159,139 170,478

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 159,039 170,378
159,139 170,478

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





C Adkins - Director


Tally Ho Farm Ltd (Registered number: 04473570)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Tally Ho Farm 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on reducing balance
Motor vehicles - 33% on reducing balance
Horses - Straight line over 25 years

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 Income Statement, 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.

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.

Tally Ho Farm Ltd (Registered number: 04473570)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 300,000
AMORTISATION
At 1 April 2023
and 31 March 2024 300,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Horses Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 53,426 130,737 19,800 203,963
DEPRECIATION
At 1 April 2023 40,259 100,601 1,584 142,444
Charge for year 4,345 9,945 792 15,082
At 31 March 2024 44,604 110,546 2,376 157,526
NET BOOK VALUE
At 31 March 2024 8,822 20,191 17,424 46,437
At 31 March 2023 13,167 30,136 18,216 61,519

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 409,978 470,080
VAT 11,327 24,001
421,305 494,081

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 178,449 149,530
Trade creditors 525,147 579,340
Pension 1,517 5,785
Directors' current accounts 196 196
Accrued expenses 4,000 4,000
709,309 738,851

Tally Ho Farm Ltd (Registered number: 04473570)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 3,333 13,333
13,333 23,333