IRIS Accounts Production v24.3.2.46 13374112 Board of Directors Board of Directors 1.6.23 31.5.24 31.5.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh133741122023-05-31133741122024-05-31133741122023-06-012024-05-31133741122022-05-31133741122022-06-012023-05-31133741122023-05-3113374112ns15:EnglandWales2023-06-012024-05-3113374112ns14:PoundSterling2023-06-012024-05-3113374112ns10:Director12023-06-012024-05-3113374112ns10:Director22023-06-012024-05-3113374112ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3113374112ns10:SmallEntities2023-06-012024-05-3113374112ns10:AuditExemptWithAccountantsReport2023-06-012024-05-3113374112ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3113374112ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3113374112ns10:FullAccounts2023-06-012024-05-3113374112ns10:Director42023-06-012024-05-3113374112ns10:Director52023-06-012024-05-3113374112ns10:RegisteredOffice2023-06-012024-05-3113374112ns5:CurrentFinancialInstruments2024-05-3113374112ns5:CurrentFinancialInstruments2023-05-3113374112ns5:ShareCapital2024-05-3113374112ns5:ShareCapital2023-05-3113374112ns5:RetainedEarningsAccumulatedLosses2024-05-3113374112ns5:RetainedEarningsAccumulatedLosses2023-05-3113374112ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3113374112ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31
REGISTERED NUMBER: 13374112 (England and Wales)













The Green Farm Collective Ltd

Unaudited Financial Statements

for the Year Ended 31 May 2024






The Green Farm Collective Ltd (Registered number: 13374112)

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










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


The Green Farm Collective Ltd

Company Information
for the Year Ended 31 May 2024







DIRECTORS: C J Freestone
C A W Gowthorpe
M J Kavanagh
T S Parton





REGISTERED OFFICE: Approach Farm York Road
Escrick
York
YO19 6EE





REGISTERED NUMBER: 13374112 (England and Wales)





ACCOUNTANTS: The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
The Green Farm Collective Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Profit and Loss Account and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Green Farm Collective Ltd for the year ended 31 May 2024 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of The Green Farm Collective Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Green Farm Collective Ltd and state those matters that we have agreed to state to the Board of Directors of The Green Farm Collective Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Green Farm Collective Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that The Green Farm Collective Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Green Farm Collective Ltd. You consider that The Green Farm Collective Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Green Farm Collective Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF


26 February 2025

The Green Farm Collective Ltd (Registered number: 13374112)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 718 1,000
Cash at bank 4,918 12,784
5,636 13,784
CREDITORS
Amounts falling due within one year 5 8,800 11,891
NET CURRENT (LIABILITIES)/ASSETS (3,164 ) 1,893
TOTAL ASSETS LESS CURRENT
LIABILITIES

(3,164

)

1,893

CAPITAL AND RESERVES
Allotted, issued and fully
paid share capital 102 102
Retained earnings (3,266 ) 1,791
(3,164 ) 1,893

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:



C A W Gowthorpe - Director



T S Parton - Director


The Green Farm Collective Ltd (Registered number: 13374112)

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


1. STATUTORY INFORMATION

The Green Farm Collective Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 (FRS102) "The Financial Reporting Standard in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

As explained in note 8, the company ceased trading on 31 May 2024 and so the financial statements have been prepared on a basis other than that of the going concern basis. This basis includes, where applicable, writing the company's assets down to net realisable value. No provision has been made for the future costs of terminating the business unless such costs were committed at the reporting date.

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

Taxation
Taxation for the year comprises current and deferred tax. 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.

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.

3. EMPLOYEES

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,000
Tax 718 -
718 1,000

The Green Farm Collective Ltd (Registered number: 13374112)

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


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax - 718
Other creditors - 313
Other loans 3,250 -
The Real GFC Limited 4,800 -
Directors' current accounts 750 7,200
Accruals and deferred income - 3,660
8,800 11,891

6. RELATED PARTY DISCLOSURES

Included in creditors are loans from the directors of £750 (2023 - £7,200). These loans are interest free and repayable on demand. During the year, £3,940 (2023 - £Nil) of directors' loans have been written off.

Also included in creditors is a loan from a company under common control of £4,800 (2023 - Nil). This loan is interest free and repayable on demand.

7. CESSATION OF TRADING

The company ceased to trade on 31 May 2024 and so these accounts cover the final period of trading.