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REGISTERED NUMBER: 08089529 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Newport Manor Farms Limited

Newport Manor Farms Limited (Registered number: 08089529)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Newport Manor Farms Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: S J Vaughan-France
R Horsington





REGISTERED OFFICE: Newport Manor
Wrantage
TAUNTON
Somerset
TA3 6DJ





REGISTERED NUMBER: 08089529 (England and Wales)





ACCOUNTANTS: A C Mole LLP
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

Newport Manor Farms Limited (Registered number: 08089529)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 506,495 474,377
506,495 474,377

CURRENT ASSETS
Stocks 6 94,114 -
Debtors 7 172,637 492,529
Cash at bank 34,991 466
301,742 492,995
CREDITORS
Amounts falling due within one year 8 449,493 594,643
NET CURRENT LIABILITIES (147,751 ) (101,648 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

358,744

372,729

CREDITORS
Amounts falling due after more than one
year

9

(151,962

)

(104,060

)

PROVISIONS FOR LIABILITIES (87,739 ) (85,358 )
NET ASSETS 119,043 183,311

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 118,943 183,211
SHAREHOLDERS' FUNDS 119,043 183,311

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2025 and were signed on its behalf by:



S J Vaughan-France - Director


Newport Manor Farms Limited (Registered number: 08089529)

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

1. STATUTORY INFORMATION

Newport Manor Farms 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
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 historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 10% on reducing balance and 5% on cost
Chicken Houses - 5% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Long term contracts are stated at net cost less foreseeable losses less any applicable payments on account. The amount recorded as turnover in respect of long term contracts is ascertained by reference to the value of the work carried out to date. Attributable profit is recognised as the difference between recorded turnover and related costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

Newport Manor Farms Limited (Registered number: 08089529)

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

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 100,000
AMORTISATION
At 1 June 2023
and 31 May 2024 100,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Plant and Chicken Motor
Improvements machinery Houses vehicles Totals
£    £    £    £    £   
COST
At 1 June 2023 42,947 659,292 200,000 25,158 927,397
Additions 32,593 50,699 - - 83,292
At 31 May 2024 75,540 709,991 200,000 25,158 1,010,689
DEPRECIATION
At 1 June 2023 - 324,150 110,000 18,870 453,020
Charge for year - 34,887 10,000 6,287 51,174
At 31 May 2024 - 359,037 120,000 25,157 504,194
NET BOOK VALUE
At 31 May 2024 75,540 350,954 80,000 1 506,495
At 31 May 2023 42,947 335,142 90,000 6,288 474,377

6. STOCKS
2024 2023
£    £   
Stocks 95,154 -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 28,661 366,351
Other debtors 143,976 126,178
172,637 492,529

Newport Manor Farms Limited (Registered number: 08089529)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 247,844 213,860
Hire purchase contracts 29,434 23,700
Trade creditors 165,138 352,883
Taxation and social security 3,317 700
Other creditors 3,760 3,500
449,493 594,643

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 151,962 104,060

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the directors loan account was overdrawn by £140,613. Interest has been charged on the overdrawn balance at 2.5%. This amount is repayable on demand.