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Registered number: 12127176
The Old Poultry Farm Est. Limited
Unaudited Financial Statements
For the Period 1 August 2023 to 31 March 2024
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—5
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of The Old Poultry Farm Est. Limited for the period 1 August 2023 to 31 March 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of The Old Poultry Farm Est. Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of The Old Poultry Farm Est. Limited , as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of The Old Poultry Farm Est. Limited and state those matters that we have agreed to state to the directors of The Old Poultry Farm Est. Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Old Poultry Farm Est. Limited and its directors as a body for our work or for this report.
It is your duty to ensure that The Old Poultry Farm Est. Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of The Old Poultry Farm Est. Limited . You consider that The Old Poultry Farm Est. Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the accounts of The Old Poultry Farm Est. Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
04/12/2024
MPU Associates Limited
2 Water Street
Stamford
Lincs
PE9 2NJ
Page 1
Page 2
Balance Sheet
Registered number: 12127176
31 March 2024 31 July 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 451,587 563,695
Investments 5 384,870 -
836,457 563,695
CURRENT ASSETS
Debtors 6 9,272 34
Cash at bank and in hand 917,703 700,000
926,975 700,034
Creditors: Amounts Falling Due Within One Year 7 (46 ) -
NET CURRENT ASSETS (LIABILITIES) 926,929 700,034
TOTAL ASSETS LESS CURRENT LIABILITIES 1,763,386 1,263,729
NET ASSETS 1,763,386 1,263,729
CAPITAL AND RESERVES
Called up share capital 8 95 95
Profit and Loss Account 1,763,291 1,263,634
SHAREHOLDERS' FUNDS 1,763,386 1,263,729
Page 2
Page 3
For the period 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
A Keir
Director
04/12/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
The Old Poultry Farm Est. Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12127176 . The registered office is The Old Poultry Farm, Stoke Albany Road, Desborough, Kettering, Northamptonshire, NN14 2SP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided on all tangible fixed assets, other than land and property, at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives.
Freehold Not Depreciated
2.3. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the period, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 August 2023 563,695
Transfers (112,108 )
As at 31 March 2024 451,587
Net Book Value
As at 31 March 2024 451,587
As at 1 August 2023 563,695
Page 4
Page 5
5. Investments
Listed Unlisted Total
£ £ £
Cost
As at 1 August 2023 - - -
Additions 272,662 100 272,762
Transfers 112,108 - 112,108
As at 31 March 2024 384,770 100 384,870
Provision
As at 1 August 2023 - - -
As at 31 March 2024 - - -
Net Book Value
As at 31 March 2024 384,770 100 384,870
As at 1 August 2023 - - -
6. Debtors
31 March 2024 31 July 2023
£ £
Due within one year
Other debtors 4,272 -
Deferred tax current asset - 34
Amounts owed by other participating interests 5,000 -
9,272 34
7. Creditors: Amounts Falling Due Within One Year
31 March 2024 31 July 2023
£ £
Directors' loan accounts 46 -
8. Share Capital
31 March 2024 31 July 2023
£ £
Allotted, Called up and fully paid 95 95
Page 5