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REGISTERED NUMBER: 08888842 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 28 August 2024

for

Nine Fields Farm Ltd

Previously known as
The Goat House Limited

Nine Fields Farm Ltd (Registered number: 08888842)
previously known as The Goat House Limited






Contents of the Financial Statements
for the Year Ended 28 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Nine Fields Farm Ltd
previously known as The Goat House Limited

Company Information
for the Year Ended 28 August 2024







DIRECTORS: M E Cobb
Mrs M J Cobb





REGISTERED OFFICE: Nine Fields Farm
Stone Road
Bramshall
Uttoxeter
Staffordshire
ST14 8SH





REGISTERED NUMBER: 08888842 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
15 Newland
Lincoln
Lincolnshire
LN1 1XG

Nine Fields Farm Ltd (Registered number: 08888842)
previously known as The Goat House Limited

Balance Sheet
28 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,028 71,287

CURRENT ASSETS
Stocks 60,000 55,000
Debtors 5 9,109 14,467
Cash at bank 4,215 11,440
73,324 80,907
CREDITORS
Amounts falling due within one year 6 186,865 153,005
NET CURRENT LIABILITIES (113,541 ) (72,098 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(56,513

)

(811

)

PROVISIONS FOR LIABILITIES 10,881 13,545
NET LIABILITIES (67,394 ) (14,356 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (67,494 ) (14,456 )
SHAREHOLDERS' FUNDS (67,394 ) (14,356 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 August 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.

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 19 December 2024 and were signed on its behalf by:





M E Cobb - Director


Nine Fields Farm Ltd (Registered number: 08888842)
previously known as The Goat House Limited

Notes to the Financial Statements
for the Year Ended 28 August 2024

1. STATUTORY INFORMATION

Nine Fields Farm Ltd 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.

The financial statements have been prepared on a going concern basis on the grounds that the directors will continue to provide support to the company.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance
Computer equipment - 20% 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.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Nine Fields Farm Ltd (Registered number: 08888842)
previously known as The Goat House Limited

Notes to the Financial Statements - continued
for the Year Ended 28 August 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 NIL (2023 - 2 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 29 August 2023
and 28 August 2024 107,415 2,904 52,186 1,957 164,462
DEPRECIATION
At 29 August 2023 56,309 2,843 32,441 1,582 93,175
Charge for year 10,222 13 3,949 75 14,259
At 28 August 2024 66,531 2,856 36,390 1,657 107,434
NET BOOK VALUE
At 28 August 2024 40,884 48 15,796 300 57,028
At 28 August 2023 51,106 61 19,745 375 71,287


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 529
VAT 9,109 13,938
9,109 14,467

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,851 17,667
Other creditors 184,014 135,338
186,865 153,005

Nine Fields Farm Ltd (Registered number: 08888842)
previously known as The Goat House Limited

Notes to the Financial Statements - continued
for the Year Ended 28 August 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary Voting 1 100 100