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REGISTERED NUMBER: 07201753 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Arclid Farm Limited

Arclid Farm Limited (Registered number: 07201753)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Arclid Farm Limited (Registered number: 07201753)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 1,916,700 1,956,799
1,916,701 1,956,800

CURRENT ASSETS
Stocks 1,500 1,500
Debtors 6 45,335 27,287
Cash at bank and in hand 8,528 169
55,363 28,956
CREDITORS
Amounts falling due within one year 7 587,071 535,889
NET CURRENT LIABILITIES (531,708 ) (506,933 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,384,993 1,449,867

CREDITORS
Amounts falling due after more than one year 8 (916,957 ) (904,818 )

PROVISIONS FOR LIABILITIES (147,230 ) (161,800 )
NET ASSETS 320,806 383,249

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 892,029 908,702
Retained earnings (571,323 ) (525,553 )
SHAREHOLDERS' FUNDS 320,806 383,249

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Arclid Farm Limited (Registered number: 07201753)

Balance Sheet - continued
31 May 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 Profit and loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 December 2024 and were signed by:





Mr J S Davenport - Director


Arclid Farm Limited (Registered number: 07201753)

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

1. STATUTORY INFORMATION

Arclid Farm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07201753

Registered office: Arclid Farm, Davenport Stables
Newcastle Road, Arclid
Sandbach
Cheshire
CW11 2SN

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

Goodwill
Goodwill is valued at the amount upon acquisition of the business in 2010.

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.
Freehold property - nil% on land and 50 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance

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 Profit and loss account, 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.


Arclid Farm Limited (Registered number: 07201753)

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

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 1
NET BOOK VALUE
At 31 May 2024 1
At 31 May 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 June 2023 1,970,000 52,344 5,175 6,127 2,033,646
Additions - - 281 - 281
At 31 May 2024 1,970,000 52,344 5,456 6,127 2,033,927
DEPRECIATION
At 1 June 2023 16,000 50,077 4,925 5,845 76,847
Charge for year 39,401 565 344 70 40,380
At 31 May 2024 55,401 50,642 5,269 5,915 117,227
NET BOOK VALUE
At 31 May 2024 1,914,599 1,702 187 212 1,916,700
At 31 May 2023 1,954,000 2,267 250 282 1,956,799

Arclid Farm Limited (Registered number: 07201753)

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

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 May 2024 is represented by:

Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
Valuation in 2022 1,111,481 - - - 1,111,481
Cost 858,519 52,344 5,456 6,127 922,446
1,970,000 52,344 5,456 6,127 2,033,927

Freehold property has been revalued as at the 31st May 2022 by the directors.

The directors consider this to be a fair value based on the current market.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 36,820 23,529
Other debtors 8,515 3,758
45,335 27,287

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,706 5,336
Trade creditors 142,601 139,209
Taxation and social security 5,631 3,831
Other creditors 433,133 387,513
587,071 535,889

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 8,770 14,528
Amounts owed to group undertakings 692,539 674,642
Other creditors 215,648 215,648
916,957 904,818

9. RESERVES
Revaluation
reserve
£   
At 1 June 2023 908,702
Excess depreciation (22,230 )
Deferred tax on revaluation 5,557

At 31 May 2024 892,029

Arclid Farm Limited (Registered number: 07201753)

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

10. ULTIMATE CONTROLLING PARTY

The controlling party is Davenport Stables Holdings Limited.

The ultimate controlling party is Mr J S Davenport.