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REGISTERED NUMBER: 05880426 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Treale Farm Limited

Treale Farm Limited (Registered number: 05880426)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Treale Farm Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: W D I Williams
R I Williams





SECRETARY: Mrs G H Williams





REGISTERED OFFICE: The Old School
The Quay
Carmarthen
Carmarthenshire
SA31 3LN





REGISTERED NUMBER: 05880426 (England and Wales)





ACCOUNTANTS: Ashmole & Co.
Chartered Certified Accountants
The Old School
The Quay
Carmarthen
Carmarthenshire
SA31 3LN

Treale Farm Limited (Registered number: 05880426)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 3,225 1,667
Tangible assets 5 605,212 509,762
608,437 511,429

CURRENT ASSETS
Stocks 264,785 334,270
Debtors 6 72,899 89,186
Cash at bank 45,493 109,806
383,177 533,262
CREDITORS
Amounts falling due within one year 7 567,445 745,933
NET CURRENT LIABILITIES (184,268 ) (212,671 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

424,169

298,758

CREDITORS
Amounts falling due after more than one
year

8

(5,000

)

(10,563

)

PROVISIONS FOR LIABILITIES (114,990 ) (86,326 )
NET ASSETS 304,179 201,869

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 304,177 201,867
SHAREHOLDERS' FUNDS 304,179 201,869

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.

Treale Farm Limited (Registered number: 05880426)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





W D I Williams - Director


Treale Farm Limited (Registered number: 05880426)

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

1. STATUTORY INFORMATION

Treale Farm Limited 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.

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.

Entitlements are being amortised evenly over their estimated useful life of nil years.

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.

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
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Treale Farm Limited (Registered number: 05880426)

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 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023 1,667
Additions 1,558
At 31 March 2024 3,225
NET BOOK VALUE
At 31 March 2024 3,225
At 31 March 2023 1,667

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 558,673
Additions 245,272
Disposals (14,662 )
At 31 March 2024 789,283
DEPRECIATION
At 1 April 2023 48,911
Charge for year 136,871
Eliminated on disposal (1,711 )
At 31 March 2024 184,071
NET BOOK VALUE
At 31 March 2024 605,212
At 31 March 2023 509,762

Treale Farm Limited (Registered number: 05880426)

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

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 100,241
DEPRECIATION
At 1 April 2023 11,695
Charge for year 17,709
At 31 March 2024 29,404
NET BOOK VALUE
At 31 March 2024 70,837
At 31 March 2023 88,546

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 66,092 80,352
Other debtors 6,807 8,834
72,899 89,186

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 5,563 14,263
Trade creditors 89,375 76,665
Taxation and social security 10,895 50,803
Other creditors 461,612 604,202
567,445 745,933

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 5,000 10,563

Treale Farm Limited (Registered number: 05880426)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.3.24 31.3.23
£    £   
W D I Williams
Balance outstanding at start of year 603,407 8,049
Amounts advanced 65,195 707,582
Amounts repaid (215,970 ) (112,224 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 452,632 603,407