Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-312023-06-01falseNo description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 3279149 2023-06-01 2024-05-31 3279149 2022-06-01 2023-05-31 3279149 2024-05-31 3279149 2023-05-31 3279149 c:Director1 2023-06-01 2024-05-31 3279149 d:Buildings 2023-06-01 2024-05-31 3279149 d:Buildings 2024-05-31 3279149 d:Buildings 2023-05-31 3279149 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 3279149 d:PlantMachinery 2023-06-01 2024-05-31 3279149 d:PlantMachinery 2024-05-31 3279149 d:PlantMachinery 2023-05-31 3279149 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 3279149 d:OwnedOrFreeholdAssets 2023-06-01 2024-05-31 3279149 d:Goodwill 2024-05-31 3279149 d:Goodwill 2023-05-31 3279149 d:CurrentFinancialInstruments 2024-05-31 3279149 d:CurrentFinancialInstruments 2023-05-31 3279149 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 3279149 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 3279149 d:ShareCapital 2024-05-31 3279149 d:ShareCapital 2023-05-31 3279149 d:RetainedEarningsAccumulatedLosses 2024-05-31 3279149 d:RetainedEarningsAccumulatedLosses 2023-05-31 3279149 c:OrdinaryShareClass1 2023-06-01 2024-05-31 3279149 c:OrdinaryShareClass1 2024-05-31 3279149 c:OrdinaryShareClass1 2023-05-31 3279149 c:FRS102 2023-06-01 2024-05-31 3279149 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 3279149 c:FullAccounts 2023-06-01 2024-05-31 3279149 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 3279149 e:PoundSterling 2023-06-01 2024-05-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 3279149









NORTHWOOD FARMING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
NORTHWOOD FARMING LIMITED
REGISTERED NUMBER: 3279149

STATEMENT OF FINANCIAL POSITION
AS AT 31 MAY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
146,888
149,988

Current assets
  

Debtors: amounts falling due within one year
 6 
17
376

Cash at bank and in hand
 7 
7,191
5,123

  
7,208
5,499

Creditors: amounts falling due within one year
 8 
(50,505)
(50,455)

Net current liabilities
  
 
 
(43,297)
 
 
(44,956)

Total assets less current liabilities
  
103,591
105,032

  

Net assets
  
103,591
105,032


Capital and reserves
  

Called up share capital 
 9 
250,002
250,002

Profit and loss account
  
(146,411)
(144,970)

  
103,591
105,032


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 February 2025.



P Mullaney
Director
Page 1

 
NORTHWOOD FARMING LIMITED
REGISTERED NUMBER: 3279149
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MAY 2024


The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
NORTHWOOD FARMING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Northwood Farming Limited is a private company limited by shares domiciled in England and Wales. The registered office is at Northwood Farm, Horsted Lane, Sharpthorne, East Grinstead, West Sussex RH19 4HX.. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
NORTHWOOD FARMING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

2.Accounting policies (continued)


2.4
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
no depreciation provided
Plant & machinery
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
NORTHWOOD FARMING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 June 2023
10,803



At 31 May 2024

10,803



Amortisation


At 1 June 2023
10,803



At 31 May 2024

10,803



Net book value



At 31 May 2024
-



At 31 May 2023
-



Page 5

 
NORTHWOOD FARMING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

5.


Tangible fixed assets





Freehold property
Plant & machinery
Total

£
£
£



Cost or valuation


At 1 June 2023
127,988
57,946
185,934


Additions
-
3,000
3,000



At 31 May 2024

127,988
60,946
188,934



Depreciation


At 1 June 2023
-
35,946
35,946


Charge for the year on owned assets
-
6,100
6,100



At 31 May 2024

-
42,046
42,046



Net book value



At 31 May 2024
127,988
18,900
146,888



At 31 May 2023
127,988
22,000
149,988

Page 6

 
NORTHWOOD FARMING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

6.


Debtors

2024
2023
£
£


Other debtors
17
376



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
7,191
5,123



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
49,455
49,455

Accruals and deferred income
1,050
1,000

50,505
50,455



9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



250,002 (2023 - 250,002) Ordinary shares of £1.00 each
250,002
250,002


 
Page 7