Company Registration No. 00796861 (England and Wales)
New House Farm (Twineham) Limited
Unaudited accounts
for the year ended 31 March 2024
New House Farm (Twineham) Limited
Annual report and unaudited accounts
for the year ended 31 March 2024
New House Farm (Twineham) Limited
Company Information
for the year ended 31 March 2024
Directors
Mr C Davies
Mrs K L Purchase
Company Number
00796861 (England and Wales)
Registered Office
New House Farm
Twineham
Nr Haywards Heath
West Sussex
RH17 5NP
Accountants
Keymer Haslam & Co
4/6 Church Road
Burgess Hill
West Sussex
RH15 9AE
New House Farm (Twineham) Limited
Statement of Financial Position
as at 31 March 2024
Fixed assets
419,705
446,851
Current assets
12,738
15,235
Creditors: amounts falling due within one year
(815,752)
(794,737)
Net current liabilities
(803,014)
(779,502)
Total assets less current liabilities
(383,309)
(332,651)
Creditors: amounts falling due after more than one year
(74,282)
(74,282)
Accruals and deferred income
(975)
(975)
Net liabilities
(458,566)
(407,908)
Capital and reserves
(458,566)
(407,908)
New House Farm (Twineham) Limited is a private company, limited by shares, registered in England and Wales, registration number 00796861. The registered office is New House Farm, Twineham, Nr Haywards Heath, West Sussex, RH17 5NP.
2 Directors' advances, credit and guarantees
At 31 March 2024 the company owed its directors £748,373 (2023 £742,188) and this is included in creditors.
The company is dependent upon the financial support of its directors. In the opinion of the directors this support will continue and therefore it is considered appropriate to prepare these accounts on the going concern basis.
3 Guarantees and other financial commitments
In common with many other businesses, the company has encountered difficult trading conditions owing to the Covid 19 pandemic and, in addition, the issues regarding Brexit and how that will affect the company's operations, create uncertainty over the company's ability to realise its assets and meet it liabilities in the ordinary course of business in the future. However, the directors will continue to support the company and have made operational changes to enable the company to continue to trade. These trading conditions may continue for the foreseeable future, although advancements in medical science continue to improve the outlook and Brexit issues are being resolved, so the directors believe the actions they have taken are sufficient to mitigate any uncertainty and therefore have prepared the financial statements on the going concern basis.
4 Average number of employees
During the year the average number of employees was 1 (2023: 1).
New House Farm (Twineham) Limited
Statement of Financial Position
as at 31 March 2024 (continued)
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. 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 for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 31 October 2024
Mrs K L Purchase
Director
Company Registration No. 00796861