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REGISTERED NUMBER: 11533160 (England and Wales)















Financial Statements for the Year Ended 31 August 2024

for

Manorfields Farm Limited

Manorfields Farm Limited (Registered number: 11533160)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Manorfields Farm Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: J R Marsden
Mrs J L Marsden





REGISTERED OFFICE: Manorfields Farm
Great Lyth
Shrewsbury
Shropshire
SY3 0BA





REGISTERED NUMBER: 11533160 (England and Wales)





ACCOUNTANTS: Haines Watts Wolverhampton Limited
Keepers Lane
The Wergs
Wolverhampton
West Midlands
WV6 8UA

Manorfields Farm Limited (Registered number: 11533160)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 338,257 358,666

CURRENT ASSETS
Stocks 5 10,907 9,776
Debtors 6 4,468 3,380
Cash at bank 9,376 10,657
24,751 23,813
CREDITORS
Amounts falling due within one year 7 4,869 11,206
NET CURRENT ASSETS 19,882 12,607
TOTAL ASSETS LESS CURRENT
LIABILITIES

358,139

371,273

CREDITORS
Amounts falling due after more than one
year

8

760,872

725,793
NET LIABILITIES (402,733 ) (354,520 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (402,833 ) (354,620 )
SHAREHOLDERS' FUNDS (402,733 ) (354,520 )

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

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

Manorfields Farm Limited (Registered number: 11533160)

Balance Sheet - continued
31 August 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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





J R Marsden - Director


Manorfields Farm Limited (Registered number: 11533160)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Manorfields Farm 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
The financial statements have been prepared on a going concern basis. The Directors have reviewed and considered relevant information, including the annual budget and future cash flows in making their assessment.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance

Stocks
Stock is valued in accordance with Business Economic Notes 19 issued by HMRC, at the lower of cost and estimated selling price less cost to sell using other accepted conventions to arrive at deemed cost where actual costs are not accurately ascertainable, after making an allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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.

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

Going concern
The accounts have been prepared on a going concern basis. Although total liabilities exceed assets by £402,733 the directors are of the opinion that the company will continue to trade for the foreseeable future, with their and the holding companies continued support.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Manorfields Farm Limited (Registered number: 11533160)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery Totals
£    £    £    £   
COST
At 1 September 2023 311,366 14,765 182,987 509,118
Additions - - 980 980
Disposals - - (113,321 ) (113,321 )
At 31 August 2024 311,366 14,765 70,646 396,777
DEPRECIATION
At 1 September 2023 - 8,376 142,076 150,452
Charge for year - 3,691 16,380 20,071
Eliminated on disposal - - (112,003 ) (112,003 )
At 31 August 2024 - 12,067 46,453 58,520
NET BOOK VALUE
At 31 August 2024 311,366 2,698 24,193 338,257
At 31 August 2023 311,366 6,389 40,911 358,666

5. STOCKS
2024 2023
£    £   
Stocks 10,907 9,776

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 4,468 3,380

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,910 2,398
Taxation and social security - 6,958
Other creditors 1,959 1,850
4,869 11,206

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 760,872 725,793

Manorfields Farm Limited (Registered number: 11533160)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

9. CALLED UP SHARE CAPITAL

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