Company registration number 06941989 (England and Wales)
FORGE GRANGE FARM LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
10 Bridge Street
Christchurch
Dorset
BH23 1EF
FORGE GRANGE FARM LIMITED
CONTENTS
Page
Company information
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 7
FORGE GRANGE FARM LIMITED
COMPANY INFORMATION
- 1 -
Director
Mr. G Rendall
Company number
06941989
Registered office
Mapperton Hill
Milton On Stour
Gillingham
Dorset
United Kingdom
SP8 5QG
Accountants
TC Group
10 Bridge Street
Christchurch
Dorset
BH23 1EF
FORGE GRANGE FARM LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
146,045
148,784
Current assets
Stocks
2,400
2,400
Debtors
4
4,326
1,461
6,726
3,861
Creditors: amounts falling due within one year
5
(214,200)
(181,838)
Net current liabilities
(207,474)
(177,977)
Total assets less current liabilities
(61,429)
(29,193)
Creditors: amounts falling due after more than one year
6
(24,375)
(31,875)
Net liabilities
(85,804)
(61,068)
Capital and reserves
Called up share capital
7
100
100
Profit and loss reserves
(85,904)
(61,168)
Total equity
(85,804)
(61,068)
FORGE GRANGE FARM LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2024
30 June 2024
- 3 -

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved and signed by the director and authorised for issue on 19 March 2025
Mr. G Rendall
Director
Company Registration No. 06941989
The notes on pages 4 to 7 form part of these financial statements
FORGE GRANGE FARM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
1
Accounting policies
Company information

Forge Grange Farm Limited is a private company limited by shares incorporated in England and Wales. The registered office is Mapperton Hill, Milton On Stour, Gillingham, Dorset, United Kingdom, SP8 5QG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of land at fair value. The principal accounting policies adopted are set out below.

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.2
Turnover

Turnover represents amounts receivable for the sale of livestock and farm building construction services.

Revenue is recognised when the significant risks and rewards of ownership have passed to the buyer, the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land
No depreciation
Plant and machinery
25% reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Stocks

Stocks are stated at fair value less costs to sell.

FORGE GRANGE FARM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
FORGE GRANGE FARM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
3
Tangible fixed assets
Freehold land
Plant and machinery
Motor vehicles
Total
£
£
£
£
Cost
At 1 July 2023
130,327
37,846
2,100
170,273
Additions
-
0
2,250
-
0
2,250
At 30 June 2024
130,327
40,096
2,100
172,523
Depreciation and impairment
At 1 July 2023
-
0
19,888
1,601
21,489
Depreciation charged in the year
-
0
4,864
125
4,989
At 30 June 2024
-
0
24,752
1,726
26,478
Carrying amount
At 30 June 2024
130,327
15,344
374
146,045
At 30 June 2023
130,327
17,958
499
148,784
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
4,326
1,461
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
24,827
22,433
Trade creditors
1,512
1,440
Other creditors
186,601
156,765
Accruals and deferred income
1,260
1,200
214,200
181,838

The aggregate amount in creditors for which security have been given amounted to £7,500 (2023 - £7,500).

FORGE GRANGE FARM LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 7 -
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
24,375
31,875

The aggregate amount in creditors for which security have been given amounted to £24,375 (2023 - £31,875).

7
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
100 ordinary shares of £1 each
100
100
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