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REGISTERED NUMBER: 01265100 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

LINDLEY HALL FARMS LIMITED

LINDLEY HALL FARMS LIMITED (REGISTERED NUMBER: 01265100)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LINDLEY HALL FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Eileen Margaret Fisher
John Keith Fisher
Kenneth John Fisher
Alice May Fisher





SECRETARY: Eileen Margaret Fisher





REGISTERED OFFICE: Wide View
Fenn Lane
Fenny Drayton
Nuneaton
Warwickshire
CV13 6BJ





REGISTERED NUMBER: 01265100 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants
25 Station Road
Hinckley
Leicestershire
LE10 1AP

LINDLEY HALL FARMS LIMITED (REGISTERED NUMBER: 01265100)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 720 720
Tangible assets 5 2,263,297 2,151,608
2,264,017 2,152,328

CURRENT ASSETS
Stocks 360,647 347,979
Debtors 6 196,513 181,946
Investments 7 3,289 3,289
Cash at bank and in hand 7,260 53,512
567,709 586,726
CREDITORS
Amounts falling due within one year 8 5,283,423 4,467,147
NET CURRENT LIABILITIES (4,715,714 ) (3,880,421 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,451,697

)

(1,728,093

)

CREDITORS
Amounts falling due after more than one
year

9

342,845

305,380
NET LIABILITIES (2,794,542 ) (2,033,473 )

CAPITAL AND RESERVES
Called up share capital 60 60
Revaluation reserve 11 371,618 371,618
Capital redemption reserve 41 41
Retained earnings (3,166,261 ) (2,405,192 )
SHAREHOLDERS' FUNDS (2,794,542 ) (2,033,473 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

LINDLEY HALL FARMS LIMITED (REGISTERED NUMBER: 01265100)

BALANCE SHEET - continued
31 MARCH 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 21 January 2025 and were signed on its behalf by:





Eileen Margaret Fisher - Director


LINDLEY HALL FARMS LIMITED (REGISTERED NUMBER: 01265100)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Lindley Hall Farms 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 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 10% on cost and not provided
Plant and machinery etc - 20% on reducing balance and 10% on reducing balance

Freehold property is shown at valuation.

Stocks
Stock is valued at the lower of cost and net realisable value.


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.

LINDLEY HALL FARMS LIMITED (REGISTERED NUMBER: 01265100)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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 13 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Basic
Farm
Payment
Entitlement
£   
COST
At 1 April 2023
and 31 March 2024 720
NET BOOK VALUE
At 31 March 2024 720
At 31 March 2023 720

LINDLEY HALL FARMS LIMITED (REGISTERED NUMBER: 01265100)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Leasehold Implements
Freehold property and
property improvements equipment
£    £    £   
COST OR VALUATION
At 1 April 2023 765,562 232,017 514,746
Additions - - 161,266
Disposals - - (25,750 )
At 31 March 2024 765,562 232,017 650,262
DEPRECIATION
At 1 April 2023 - 45,819 324,530
Charge for year - 23,202 33,043
Eliminated on disposal - - (4,717 )
At 31 March 2024 - 69,021 352,856
NET BOOK VALUE
At 31 March 2024 765,562 162,996 297,406
At 31 March 2023 765,562 186,198 190,216

Computer Mobile Motor
equipment home vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 April 2023 8,930 181,414 1,608,146 3,310,815
Additions - 44,322 345,133 550,721
Disposals - - (174,280 ) (200,030 )
At 31 March 2024 8,930 225,736 1,778,999 3,661,506
DEPRECIATION
At 1 April 2023 6,823 9,071 772,964 1,159,207
Charge for year 467 10,833 249,208 316,753
Eliminated on disposal - - (73,034 ) (77,751 )
At 31 March 2024 7,290 19,904 949,138 1,398,209
NET BOOK VALUE
At 31 March 2024 1,640 205,832 829,861 2,263,297
At 31 March 2023 2,107 172,343 835,182 2,151,608

Included in cost or valuation of land and buildings is freehold land of £ 765,562 (2023 - £ 765,562 ) which is not depreciated.

LINDLEY HALL FARMS LIMITED (REGISTERED NUMBER: 01265100)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 March 2024 is represented by:

Leasehold Implements
Freehold property and
property improvements equipment
£    £    £   
Valuation in 2004 153,689 - -
Valuation in 2007 164,385 - -
Valuation in 2008 (9,632 ) - -
Valuation in 2011 51,177 - -
Cost 405,943 232,017 650,262
765,562 232,017 650,262

Computer Mobile Motor
equipment home vehicles Totals
£    £    £    £   
Valuation in 2004 - - - 153,689
Valuation in 2007 - - - 164,385
Valuation in 2008 - - - (9,632 )
Valuation in 2011 - - - 51,177
Cost 8,930 225,736 1,778,999 3,301,887
8,930 225,736 1,778,999 3,661,506

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 405,943 405,943
Aggregate depreciation 277,941 265,040

Value of land in freehold land and buildings 94,154 94,154

Freehold property was valued on an open market basis on 9 November 2011 by Berrys .

LINDLEY HALL FARMS LIMITED (REGISTERED NUMBER: 01265100)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Implements
and Motor
equipment vehicles Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 57,700 610,210 667,910
Additions 72,916 240,950 313,866
Transfer to ownership - (18,875 ) (18,875 )
At 31 March 2024 130,616 832,285 962,901
DEPRECIATION
At 1 April 2023 24,149 309,639 333,788
Charge for year 10,645 135,220 145,865
Transfer to ownership - (18,560 ) (18,560 )
At 31 March 2024 34,794 426,299 461,093
NET BOOK VALUE
At 31 March 2024 95,822 405,986 501,808
At 31 March 2023 33,551 300,571 334,122

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 186,190 177,566
Other debtors 6,941 1,441
Prepayments 3,382 2,939
196,513 181,946

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Trade investments 3,289 3,289

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 2,304 -
Hire purchase contracts and finance leases 141,986 178,816
Trade creditors 63,381 128,628
Social security and other taxes 12,598 9,164
Directors' loan accounts 5,055,018 4,145,079
Accrued expenses 8,136 5,460
5,283,423 4,467,147

LINDLEY HALL FARMS LIMITED (REGISTERED NUMBER: 01265100)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Mortgage: AMC 196,094 195,883
Hire purchase contracts and finance leases 146,751 109,497
342,845 305,380

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage: AMC 196,094 195,883

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdraft 2,304 -
Mortgage: AMC 196,094 195,883
198,398 195,883

The mortgage is secured on company assets.

11. RESERVES
Revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 371,618

12. GOING CONCERN

The company is dependent on the continuing support of the directors, who have financed the losses incurred. The directors have signified they will not withdraw their funds and therefore the accounts have been prepared under a going concern basis.