Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.No description of principal activity32023-05-01truefalse3falsefalse 14046923 2023-05-01 2024-04-30 14046923 2022-04-14 2023-04-30 14046923 2024-04-30 14046923 2023-04-30 14046923 c:Director1 2023-05-01 2024-04-30 14046923 d:FreeholdInvestmentProperty 2023-05-01 2024-04-30 14046923 d:FreeholdInvestmentProperty 2024-04-30 14046923 d:FreeholdInvestmentProperty 2023-04-30 14046923 d:CurrentFinancialInstruments 2024-04-30 14046923 d:CurrentFinancialInstruments 2023-04-30 14046923 d:Non-currentFinancialInstruments 2024-04-30 14046923 d:Non-currentFinancialInstruments 2023-04-30 14046923 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 14046923 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 14046923 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 14046923 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 14046923 d:ShareCapital 2024-04-30 14046923 d:ShareCapital 2023-04-30 14046923 d:RetainedEarningsAccumulatedLosses 2024-04-30 14046923 d:RetainedEarningsAccumulatedLosses 2023-04-30 14046923 c:FRS102 2023-05-01 2024-04-30 14046923 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 14046923 c:FullAccounts 2023-05-01 2024-04-30 14046923 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 14046923 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-05-01 2024-04-30 14046923 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-04-30 14046923 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-04-30 14046923 e:PoundSterling 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 14046923










CUTBUSH FARM LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
CUTBUSH FARM LTD
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF CUTBUSH FARM LTD
FOR THE YEAR ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Cutbush Farm Ltd for the year ended 30 April 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Cutbush Farm Ltd, as a body, in accordance with the terms of our engagement letter dated 25 April 2022Our work has been undertaken solely to prepare for your approval the financial statements of Cutbush Farm Ltd and state those matters that we have agreed to state to the Board of Directors of Cutbush Farm Ltd, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Cutbush Farm Ltd and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Cutbush Farm Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Cutbush Farm Ltd. You consider that Cutbush Farm Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Cutbush Farm Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
7 The Close
Norwich
Norfolk
NR1 4DJ
29 January 2025
Page 1

 
CUTBUSH FARM LTD
REGISTERED NUMBER: 14046923

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
871,298
787,363

Current assets
  

Cash at bank and in hand
  
2,045
3,462

  
2,045
3,462

Creditors: amounts falling due within one year
 5 
(419,866)
(309,529)

Net current liabilities
  
 
 
(417,821)
 
 
(306,067)

Total assets less current liabilities
  
453,477
481,296

Creditors: amounts falling due after more than one year
 6 
(512,550)
(512,550)

  

Net liabilities
  
(59,073)
(31,254)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(59,173)
(31,354)

  
(59,073)
(31,254)


Page 2

 
CUTBUSH FARM LTD
REGISTERED NUMBER: 14046923
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

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 year 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 profit and loss account 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 29 January 2025.




C Seagers
Director

The notes on pages 4 to 6 form part of these financial statements.

Page 3

 
CUTBUSH FARM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Cutbush Farm Ltd is a United Kingdom Company limited by shares. It is both incorporated and domiciled in England and Wales. The address of its registered office is 7 The Close, Norwich, NR1 4DJ.                                                                                                                                                               
The Company's principal activity during the year was that of property letting.

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 directors will continue to support the Company, where required, for the foreseeable future. The directors therefore consider it appropriate to prepare the financial statements on a going concern basis.

 
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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
CUTBUSH FARM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

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.

 
2.8

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.


3.


Employees




The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Investment property


Freehold investment property

£



Valuation


At 1 May 2023
787,363


Additions at cost
83,935



At 30 April 2024
871,298

The 2024 valuations were made by the directors, on an open market value for existing use basis.




Page 5

 
CUTBUSH FARM LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
418,029
307,776

Accruals and deferred income
1,837
1,753

419,866
309,529



6.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
512,550
512,550

512,550
512,550



7.


Related party transactions

As at 30 April 2024 the balance owed to the directors was £411,688 (2023: £297,956).

 
Page 6