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Aspine Farm Management Limited
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Notes to the financial statements
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for the period ended 31 May 2024
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1
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Company information
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Aspine Farm Management Limited is a private company registered in England and Wales. Its registered
number is 14878886. The company is limited by shares. Its registered office is Aspine Farm,
Commonside, Leatherhead, Surrey, KT23 3LA.
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2
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Accounting policies
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Basis of preparing the financial statements
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These financial statements have been prepared in accordance with Financial Reporting Standard 102
“The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the
provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have
been prepared under the historic cost convention.
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Going concern
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In preparing these financial statements, the directors have assessed whether there are any material
uncertainties related to events or conditions that cast significant doubt upon the company's ability to
continue as a going concern. In making this assessment, the directors take into account all available
information about the future which is at least 12 months from the date that the financial statements are
authorised for issue.
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The directors consider that the company has adequate resources to continue in business for the
foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial
statements.
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Investment property
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Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from
changes in fair value is recognised in profit or loss.
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Taxation
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Taxation for the period comprises current and deferred taxation. Tax is recognised in the Profit and loss
account, except to the extent that it relates to items recognised in other comprehensive income or
directly in equity.
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Current or deferred taxation assets and liabilities are not discounted.
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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.
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3
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