Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01false23truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00590543 2023-05-01 2024-04-30 00590543 2022-05-01 2023-04-30 00590543 2024-04-30 00590543 2023-04-30 00590543 c:Director1 2023-05-01 2024-04-30 00590543 d:Buildings 2023-05-01 2024-04-30 00590543 d:Buildings 2024-04-30 00590543 d:Buildings 2023-04-30 00590543 d:Buildings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00590543 d:PlantMachinery 2023-05-01 2024-04-30 00590543 d:MotorVehicles 2023-05-01 2024-04-30 00590543 d:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 00590543 d:OtherPropertyPlantEquipment 2024-04-30 00590543 d:OtherPropertyPlantEquipment 2023-04-30 00590543 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00590543 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 00590543 d:FreeholdInvestmentProperty 2024-04-30 00590543 d:FreeholdInvestmentProperty 2023-04-30 00590543 d:FreeholdInvestmentProperty 2 2023-05-01 2024-04-30 00590543 d:CurrentFinancialInstruments 2024-04-30 00590543 d:CurrentFinancialInstruments 2023-04-30 00590543 d:Non-currentFinancialInstruments 2024-04-30 00590543 d:Non-currentFinancialInstruments 2023-04-30 00590543 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 00590543 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 00590543 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 00590543 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 00590543 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 00590543 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 00590543 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 00590543 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 00590543 d:ShareCapital 2024-04-30 00590543 d:ShareCapital 2023-04-30 00590543 d:RetainedEarningsAccumulatedLosses 2024-04-30 00590543 d:RetainedEarningsAccumulatedLosses 2023-04-30 00590543 c:OrdinaryShareClass1 2023-05-01 2024-04-30 00590543 c:OrdinaryShareClass1 2024-04-30 00590543 c:OrdinaryShareClass1 2023-04-30 00590543 c:FRS102 2023-05-01 2024-04-30 00590543 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 00590543 c:FullAccounts 2023-05-01 2024-04-30 00590543 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 00590543 2 2023-05-01 2024-04-30 00590543 f:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 00590543









BARCHAM FARMS LIMITED

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
BARCHAM FARMS LIMITED
REGISTERED NUMBER: 00590543

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
126,232
129,749

Investment property
 5 
1,099,250
1,184,050

  
1,225,482
1,313,799

Current assets
  

Stocks
  
20,333
20,000

Debtors: amounts falling due within one year
 6 
33,249
35,223

Cash at bank and in hand
  
15,916
33,173

  
69,498
88,396

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(106,047)
(85,111)

Net current (liabilities)/assets
  
 
 
(36,549)
 
 
3,285

Total assets less current liabilities
  
1,188,933
1,317,084

Creditors: amounts falling due after more than one year
 8 
(148,944)
(156,326)

  

Net assets
  
1,039,989
1,160,758


Capital and reserves
  

Called up share capital 
 10 
5,000
5,000

Profit and loss account
  
1,034,989
1,155,758

  
1,039,989
1,160,758


Page 1

 
BARCHAM FARMS LIMITED
REGISTERED NUMBER: 00590543

BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The director considers 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 director acknowledges her 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 income and retained earnings 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 by: 






Mrs D J M Barcham-Stevens
Director

Date: 27 January 2025

Page 2

 
BARCHAM FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


GENERAL INFORMATION

Barcham Farms Limited is a private Company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is Barcham Farm, Barcham Road, Soham, Ely, CB7 5TU.  This Company is not part of a group.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover 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. Turnover 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

Turnover 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.

Rendering of services

Turnover 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.

Page 3

 
BARCHAM FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

GOVERNMENT GRANTS

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Income and Retained Earnings in the same period as the related expenditure.

 
2.4

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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Depreciation is provided on the following basis:

Freehold property
-
not depreciated
Plant & machinery
-
20% Reducing balance
Motor vehicles
-
25% Reducing balance

 
2.5

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by external valuers 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

STOCKS

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.7

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.

 
2.8

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.

Page 4

 
BARCHAM FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.9

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.

 
2.10

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.

 
2.11

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

 
2.12

BORROWING COSTS

All borrowing costs are recognised in profit or loss in the year in which they are incurred.


3.


EMPLOYEES




The average monthly number of employees, including directors, during the year was 2 (2023 - 3).

Page 5

 
BARCHAM FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


TANGIBLE FIXED ASSETS





Land and buildings
Other fixed assets
Total

£
£
£



Cost


At 1 May 2023
110,489
130,870
241,359


Additions
-
638
638



At 30 April 2024

110,489
131,508
241,997



Depreciation


At 1 May 2023
-
111,610
111,610


Charge for the year on owned assets
-
4,155
4,155



At 30 April 2024

-
115,765
115,765



Net book value



At 30 April 2024
110,489
15,743
126,232



At 30 April 2023
110,489
19,260
129,749


5.


INVESTMENT PROPERTY


Freehold investment property

£



Valuation


At 1 May 2023
1,184,050


Surplus on revaluation
(84,800)



At 30 April 2024
1,099,250

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



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
265,363
265,363

Page 6

 
BARCHAM FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

6.


DEBTORS

2024
2023
£
£


Trade debtors
64
1,857

Other debtors
32,778
33,366

Prepayments and accrued income
407
-

33,249
35,223



7.


CREDITORS: Amounts falling due within one year

2024
2023
£
£

Bank loans
67,098
66,956

Trade creditors
26,459
6,731

Other taxation and social security
570
657

Other creditors
-
75

Accruals and deferred income
11,920
10,692

106,047
85,111



8.


CREDITORS: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
148,944
156,326


The aggregate amount of creditors for which security has been given amounted to £199,142 (2023 - £198,581).

Page 7

 
BARCHAM FARMS LIMITED
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

9.


LOANS


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
67,098
66,956

Amounts falling due 1-2 years

Bank loans
7,800
7,800

Amounts falling due 2-5 years

Bank loans
141,144
148,526


216,042
223,282



10.


SHARE CAPITAL

2024
2023
£
£
Authorised, allotted, called up and fully paid



5,000 (2023 - 5,000) Ordinary shares of £1.00 each
5,000
5,000



11.


PENSION COMMITMENTS

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £101 (2023 - £361). Contributions totalling £nil (2023 - £75) were payable to the fund at the balance sheet date and are included in creditors.


12.


DIRECTOR'S BENEFITS: ADVANCES, CREDIT AND GUARANTEES

At 1 May 2023 the director of the Company owed the Company £23,069. During the year they made repayments of £4,700. The Company paid expenses on their behalf of £3,251. At 30 April 2024 £21,620 was owed to the Company. This loan is interest free and repayable on demand. S455 tax has been provided for in full.



Page 8