Company No:
Contents
Note | 31.03.2024 | 30.09.2023 | ||
£ | £ | |||
Current assets | ||||
Investments | 3 |
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Cash at bank and in hand |
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351,741 | 351,777 | |||
Creditors: amounts falling due within one year | 4 | (
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Net current assets | 318,958 | 337,718 | ||
Total assets less current liabilities | 318,958 | 337,718 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account | (
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Total shareholders' funds |
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Directors' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Daisy Farming Company Limited (registered number:
Mr J.S. Shallcross
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.
Daisy Farming Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Claremont, Southampton Road, Whaddon, Salisbury, Wiltshire, SP5 3EB, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Investments in partnerships where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in partnerships where fair value cannot be measured reliably are measured at cost less impairment.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Period from 01.10.2023 to 31.03.2024 |
Year ended 30.09.2023 |
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Number | Number | ||
Monthly average number of persons employed by the Company during the period, including directors |
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31.03.2024 | 30.09.2023 | ||
£ | £ | ||
Investments in joint ventures |
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31.03.2024 | 30.09.2023 | ||
£ | £ | ||
Taxation and social security |
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Other creditors |
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