Cherwell Axehayes Farm Ltd
Unaudited Financial Statements
For Filing with Registrar
For the year ended 30 April 2024
Company Registration No. 11622910 (England and Wales)
Cherwell Axehayes Farm Ltd
Company Information
Directors
T G Holroyd
P Duddridge
T Costin
Secretary
T G Holroyd
Company number
11622910
Registered office
1 Cherwell Mews
London
United Kingdom
SW11 1AF
Accountants
Moore Kingston Smith LLP
Betchworth House
57-65 Station Road
Redhill
Surrey
RH1 1DL
Cherwell Axehayes Farm Ltd
Balance Sheet
As at 30 April 2024
Page 1
2024
2023
Notes
£
£
£
£
Current assets
Stock
257,107
248,377
Debtors
3
1,000
1,000
258,107
249,377
Creditors: amounts falling due within one year
4
(257,309)
(248,579)
Net current assets
798
798
Capital and reserves
Called up share capital
5
1,000
1,000
Profit and loss reserves
(202)
(202)
Total equity
798
798
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 31 January 2025 and are signed on its behalf by:
T G Holroyd
Director
Company Registration No. 11622910
Cherwell Axehayes Farm Ltd
Notes to the Financial Statements
For the year ended 30 April 2024
Page 2
1
Accounting policies
Company information
Cherwell Axehayes Farm Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1 Cherwell Mews, London, United Kingdom, SW11 1AF.
1.1
Accounting convention
These financial statements have been prepared in accordance with Section 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Stock
Stock is stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stock to their present location and condition.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stock over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.
1.3
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
Financial instruments
The company only has financial instruments classified as basic and measured at amortised cost. The company has no financial instruments that are classified as ‘other’ or financial instruments measured at fair value.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
Cherwell Axehayes Farm Ltd
Notes to the Financial Statements (Continued)
For the year ended 30 April 2024
Page 3
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
1,000
1,000
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
107,953
97,123
Other creditors
149,356
151,456
257,309
248,579
5
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,000
1,000
1,000
1,000
6
Related party transactions
At the year end, the company was owed £600 (2023: £600) from T G Holroyd, £200 (2023: £200) from R Williams, £100 (2023: £100) from P Duddridge and £100 (2023: £100) from T Costin, all directors of the company.
Included within creditors at the year end is £139,254 (2023: £139,254) due to Cherwell Lillie Road Limited, a company under common control.
Included within creditors at the year end is £118,055 (2023: £109,325) due to Cherwell Group Construction Limited, a company under common control. This balance is split between £107,953 (2023: £97,123) in trade creditors and £10,102 (2023: £12,202) in other creditors. Purchases of £8,730 (2023: £23,579) were made from Cherwell Group Construction Limited in the year.