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REGISTERED NUMBER: 04831585 (England and Wales)












Unaudited Financial Statements

for the Year Ended 5 April 2024

for

Marlsbrough Farm Limited

Marlsbrough Farm Limited (Registered number: 04831585)






Contents of the Financial Statements
for the Year Ended 5 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Marlsbrough Farm Limited

Company Information
for the Year Ended 5 April 2024







DIRECTORS: A.J.W. Hughes
Mrs J.R. Hughes
J.A. Hughes





SECRETARY: Mrs J.R. Hughes





REGISTERED OFFICE: Marlsbrough
Portfield Gate
HAVERFORDWEST
Pembrokeshire
SA62 3NP





REGISTERED NUMBER: 04831585 (England and Wales)

Marlsbrough Farm Limited (Registered number: 04831585)

Balance Sheet
5 April 2024

5.4.24 5.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,925 3,900
Tangible assets 5 154,563 166,831
Investments 6 42,930 42,930
200,418 213,661

CURRENT ASSETS
Stocks 343,895 344,145
Debtors 7 65,163 86,033
Cash at bank 217,015 238,911
626,073 669,089
CREDITORS
Amounts falling due within one year 8 627,105 675,943
NET CURRENT LIABILITIES (1,032 ) (6,854 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

199,386

206,807

PROVISIONS FOR LIABILITIES 20,738 20,869
NET ASSETS 178,648 185,938

CAPITAL AND RESERVES
Called up share capital 30 30
Retained earnings 178,618 185,908
SHAREHOLDERS' FUNDS 178,648 185,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

Marlsbrough Farm Limited (Registered number: 04831585)

Balance Sheet - continued
5 April 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 12 December 2024 and were signed on its behalf by:





A.J.W. Hughes - Director


Marlsbrough Farm Limited (Registered number: 04831585)

Notes to the Financial Statements
for the Year Ended 5 April 2024

1. STATUTORY INFORMATION

Marlsbrough 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5% on cost
Plant and machinery - 15% on reducing balance and 5% on cost
Motor vehicles - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stock and biological assets are included at the lower of cost and estimated selling price less costs to sell.

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.

Marlsbrough Farm Limited (Registered number: 04831585)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
SFP
Entitlement
£   
COST
At 6 April 2023
and 5 April 2024 4,875
AMORTISATION
At 6 April 2023 975
Amortisation for year 975
At 5 April 2024 1,950
NET BOOK VALUE
At 5 April 2024 2,925
At 5 April 2023 3,900

5. TANGIBLE FIXED ASSETS
Improvements
to Plant and Motor Computer
property machinery vehicles equipment Totals
£    £    £    £    £   
COST
At 6 April 2023 29,537 451,170 11,787 1,992 494,486
Additions - 13,024 - 146 13,170
At 5 April 2024 29,537 464,194 11,787 2,138 507,656
DEPRECIATION
At 6 April 2023 11,816 304,725 9,842 1,272 327,655
Charge for year 1,477 23,036 292 633 25,438
At 5 April 2024 13,293 327,761 10,134 1,905 353,093
NET BOOK VALUE
At 5 April 2024 16,244 136,433 1,653 233 154,563
At 5 April 2023 17,721 146,445 1,945 720 166,831

Marlsbrough Farm Limited (Registered number: 04831585)

Notes to the Financial Statements - continued
for the Year Ended 5 April 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 6 April 2023
and 5 April 2024 42,930
NET BOOK VALUE
At 5 April 2024 42,930
At 5 April 2023 42,930

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade debtors 49,114 54,543
VAT 4,625 14,195
Accrued income - 3,323
Prepayments 11,424 13,972
65,163 86,033

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
5.4.24 5.4.23
£    £   
Trade creditors 50,042 61,092
Tax 1,127 18,991
Directors' current account 569,566 589,228
Accrued expenses 3,895 3,720
Deferred government grants 2,475 2,912
627,105 675,943