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Company No: 00540393 (England and Wales)

SAXON HALL FARMS LIMITED

Unaudited Financial Statements
For the financial year ended 05 April 2024
Pages for filing with the registrar

SAXON HALL FARMS LIMITED

Unaudited Financial Statements

For the financial year ended 05 April 2024

Contents

SAXON HALL FARMS LIMITED

COMPANY INFORMATION

For the financial year ended 05 April 2024
SAXON HALL FARMS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 05 April 2024
DIRECTORS Mr R A W Topham-Smith
Mrs J B Topham-Smith
SECRETARY Mrs J B Topham-Smith
REGISTERED OFFICE Glebe House
Newmarket Road
Kirtling
Newmarket
CB8 9PA
United Kingdom
COMPANY NUMBER 00540393 (England and Wales)
ACCOUNTANT Evelyn Partners (East) LLP
Stonecross
Trumpington High Street
Cambridge
CB2 9SU
SAXON HALL FARMS LIMITED

STATEMENT OF FINANCIAL POSITION

As at 05 April 2024
SAXON HALL FARMS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 05 April 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 513,304 455,481
513,304 455,481
Current assets
Debtors 4 2,632 3,706
Cash at bank and in hand 194,570 250,408
197,202 254,114
Creditors: amounts falling due within one year 5 ( 14,794) ( 14,349)
Net current assets 182,408 239,765
Total assets less current liabilities 695,712 695,246
Net assets 695,712 695,246
Capital and reserves
Called-up share capital 10,000 10,000
Profit and loss account 685,712 685,246
Total shareholders' funds 695,712 695,246

For the financial year ending 05 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Saxon Hall Farms Limited (registered number: 00540393) were approved and authorised for issue by the Board of Directors on 24 December 2024. They were signed on its behalf by:

Mr R A W Topham-Smith
Director
SAXON HALL FARMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2024
SAXON HALL FARMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 05 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Saxon Hall Farms Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Glebe House, Newmarket Road, Kirtling, Newmarket, CB8 9PA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Saxon Hall Farms Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

The Company ceased all trading relating to farming in 2023, where all assets were disposed of in the year. The principal activity of Saxon Hall Farms Limited is now that of an investment company.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Revenue arising from the provision of services is recognised by reference to the stage of completion as follows:
[include details of the specific recognition and measurement policies for each significant type of service provided]
When the stage of completion cannot be measured reliably revenue is recognised up to the extent of recoverable expenses and accordingly no profit is recognised.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 06 April 2023 455,481 455,481
Additions 103,070 103,070
Disposals ( 73,999) ( 73,999)
Movement in fair value 28,752 28,752
At 05 April 2024 513,304 513,304
Carrying value at 05 April 2024 513,304 513,304
Carrying value at 05 April 2023 455,481 455,481

4. Debtors

2024 2023
£ £
Other debtors 2,632 3,706

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors 7,055 4,901
Accruals 7,739 4,840
Taxation and social security 0 4,608
14,794 14,349