Caseware UK (AP4) 2023.0.135 2023.0.135 2023-10-312023-10-31false2022-10-19The principle activity of the company is retail sale of food in specialised stores2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 14429583 2022-10-18 14429583 2022-10-19 2023-10-31 14429583 2021-10-19 2022-10-18 14429583 2023-10-31 14429583 c:Director1 2022-10-19 2023-10-31 14429583 d:CurrentFinancialInstruments 2023-10-31 14429583 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 14429583 d:ShareCapital 2023-10-31 14429583 d:RetainedEarningsAccumulatedLosses 2023-10-31 14429583 c:FRS102 2022-10-19 2023-10-31 14429583 c:AuditExempt-NoAccountantsReport 2022-10-19 2023-10-31 14429583 c:FullAccounts 2022-10-19 2023-10-31 14429583 c:PrivateLimitedCompanyLtd 2022-10-19 2023-10-31 14429583 e:PoundSterling 2022-10-19 2023-10-31 iso4217:GBP xbrli:pure

Registered number: 14429583










HUMMERSTONE FARM LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 OCTOBER 2023

 
HUMMERSTONE FARM LIMITED
REGISTERED NUMBER: 14429583

BALANCE SHEET
AS AT 31 OCTOBER 2023

2023
Note
£

  

Current assets
  

Cash at bank and in hand
 4 
3,793

  
3,793

Creditors: amounts falling due within one year
 5 
(16,236)

Net current (liabilities)/assets
  
 
 
(12,443)

Total assets less current liabilities
  
(12,443)

  

Net (liabilities)/assets
  
(12,443)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(12,543)

  
(12,443)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 15 January 2025.




................................................
M C Dare
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
HUMMERSTONE FARM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

1.


General information

Hummerstone Farm Limited is a private company limited by share capital, incorporated in England and Wales. The registered office is 14th Floor, 33 Cavendish Square, London, W1G 0PW

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The accounts are prepared on a going concern basis based on continued support from the directors for a period of at least 12 months from the date these financial statements are approved.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 2

 
HUMMERSTONE FARM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

2.Accounting policies (continued)

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

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 the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees




The average monthly number of employees, including directors, during the period was 2.

Page 3

 
HUMMERSTONE FARM LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2023

4.


Cash and cash equivalents

2023
£

Cash at bank and in hand
3,793



5.


Creditors: Amounts falling due within one year

2023
£

Directors loans
16,236



6.


Related Party Transactions

Included in other creditors is a total amount of £16,236 due to the directors. These amounts are interest free and repayable on demand.

 
Page 4