3 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 2 2 2 xbrli:pure xbrli:shares iso4217:GBP 01478804 2023-10-01 2024-09-30 01478804 2024-09-30 01478804 2023-09-30 01478804 2022-10-01 2023-09-30 01478804 2023-09-30 01478804 2022-09-30 01478804 core:LandBuildings 2023-10-01 2024-09-30 01478804 core:PlantMachinery 2023-10-01 2024-09-30 01478804 bus:Director3 2023-10-01 2024-09-30 01478804 core:LandBuildings 2023-09-30 01478804 core:PlantMachinery 2023-09-30 01478804 core:LandBuildings 2024-09-30 01478804 core:PlantMachinery 2024-09-30 01478804 core:WithinOneYear 2024-09-30 01478804 core:WithinOneYear 2023-09-30 01478804 core:AfterOneYear 2024-09-30 01478804 core:AfterOneYear 2023-09-30 01478804 core:ShareCapital 2024-09-30 01478804 core:ShareCapital 2023-09-30 01478804 core:RetainedEarningsAccumulatedLosses 2024-09-30 01478804 core:RetainedEarningsAccumulatedLosses 2023-09-30 01478804 core:CostValuation core:Non-currentFinancialInstruments 2024-09-30 01478804 core:Non-currentFinancialInstruments 2024-09-30 01478804 core:Non-currentFinancialInstruments 2023-09-30 01478804 core:LandBuildings 2023-09-30 01478804 core:PlantMachinery 2023-09-30 01478804 bus:SmallEntities 2023-10-01 2024-09-30 01478804 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 01478804 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 01478804 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01478804 bus:FullAccounts 2023-10-01 2024-09-30 01478804 core:OtherPropertyPlantEquipment 2023-09-30 01478804 core:OtherPropertyPlantEquipment 2024-09-30
COMPANY REGISTRATION NUMBER: 01478804
Lower Burytown Farms Limited
Filleted Unaudited Financial Statements
30 September 2024
Lower Burytown Farms Limited
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
131,412
148,490
Investments
6
2
2
---------
---------
131,414
148,492
Current assets
Stocks
177,619
302,385
Debtors
7
219,515
174,751
Cash at bank and in hand
129,091
91,716
---------
---------
526,225
568,852
Creditors: amounts falling due within one year
8
28,956
35,655
---------
---------
Net current assets
497,269
533,197
---------
---------
Total assets less current liabilities
628,683
681,689
Creditors: amounts falling due after more than one year
9
112,250
112,250
Provisions
Taxation including deferred tax
4,404
4,404
---------
---------
Net assets
512,029
565,035
---------
---------
Lower Burytown Farms Limited
Statement of Financial Position (continued)
30 September 2024
2024
2023
Note
£
£
£
Capital and reserves
Called up share capital
280,000
280,000
Profit and loss account
232,029
285,035
---------
---------
Shareholders funds
512,029
565,035
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 4 February 2025 , and are signed on behalf of the board by:
Mrs S Thornton
Director
Company registration number: 01478804
Lower Burytown Farms Limited
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is McGills, Oakley House, Tetbury Road, Cirencester, Gloucestershire, GL7 1US.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Your heading here
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Land and buildings
-
10% straight line
Plant and machinery
-
20% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 4 ).
5. Tangible assets
Land and buildings
Plant and machinery
Tree Planting
Total
£
£
£
£
Cost
At 1 October 2023
497,684
292,923
42,325
832,932
Additions
1,180
1,180
---------
---------
--------
---------
At 30 September 2024
497,684
294,103
42,325
834,112
---------
---------
--------
---------
Depreciation
At 1 October 2023
412,398
272,044
684,442
Charge for the year
13,286
4,972
18,258
---------
---------
--------
---------
At 30 September 2024
425,684
277,016
702,700
---------
---------
--------
---------
Carrying amount
At 30 September 2024
72,000
17,087
42,325
131,412
---------
---------
--------
---------
At 30 September 2023
85,286
20,879
42,325
148,490
---------
---------
--------
---------
6. Investments
Shares in group undertakings
£
Cost
At 1 October 2023 and 30 September 2024
2
----
Impairment
At 1 October 2023 and 30 September 2024
----
Carrying amount
At 30 September 2024
2
----
At 30 September 2023
2
----
7. Debtors
2024
2023
£
£
Trade debtors
132,149
79,965
Other debtors
87,366
94,786
---------
---------
219,515
174,751
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
10,386
27,373
Other creditors
3,892
3,892
Other creditors
14,678
4,390
--------
--------
28,956
35,655
--------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
112,250
112,250
---------
---------
10.