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REGISTERED NUMBER: 00777786 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

ELMS FARM BULPHAN LIMITED

ELMS FARM BULPHAN LIMITED (REGISTERED NUMBER: 00777786)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ELMS FARM BULPHAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: C M Tucker





SECRETARY: C M Tucker





REGISTERED OFFICE: Elms Farm
Church Lane
Bulphan
Upminster
Essex
RM14 3TS





REGISTERED NUMBER: 00777786 (England and Wales)





ACCOUNTANTS: Clemence Hoar Cummings
Chartered Accountants
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

ELMS FARM BULPHAN LIMITED (REGISTERED NUMBER: 00777786)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 938,971 833,479

CURRENT ASSETS
Inventories 5 533,046 356,065
Debtors 6 253,030 135,111
Cash at bank 14,875 45,795
800,951 536,971
CREDITORS
Amounts falling due within one year 7 406,344 263,157
NET CURRENT ASSETS 394,607 273,814
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,333,578

1,107,293

CREDITORS
Amounts falling due after more than
one year

8

385,189

187,393
NET ASSETS 948,389 919,900

CAPITAL AND RESERVES
Called up share capital 560 560
Retained earnings 947,829 919,340
SHAREHOLDERS' FUNDS 948,389 919,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 March 2025 and were signed by:




C M Tucker - Director


ELMS FARM BULPHAN LIMITED (REGISTERED NUMBER: 00777786)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 0% of land, 2% on cost of buildings
Improvements to property - Straight line over 5 years
Plant and machinery - 10% on cost
Motor vehicles - Straight line over 5 years

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

ELMS FARM BULPHAN LIMITED (REGISTERED NUMBER: 00777786)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. PROPERTY, PLANT AND EQUIPMENT
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 July 2023 513,210 507,679 105,927
Additions - 135,159 3,953
At 30 June 2024 513,210 642,838 109,880
DEPRECIATION
At 1 July 2023 - 197,839 97,594
Charge for year - 27,492 4,999
At 30 June 2024 - 225,331 102,593
NET BOOK VALUE
At 30 June 2024 513,210 417,507 7,287
At 30 June 2023 513,210 309,840 8,333

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 54,739 - 1,181,555
Additions - 1,289 140,401
At 30 June 2024 54,739 1,289 1,321,956
DEPRECIATION
At 1 July 2023 52,643 - 348,076
Charge for year 2,096 322 34,909
At 30 June 2024 54,739 322 382,985
NET BOOK VALUE
At 30 June 2024 - 967 938,971
At 30 June 2023 2,096 - 833,479

Included in cost of land and buildings is freehold land of £ 513,210 (2023 - £ 513,210 ) which is not depreciated.

5. INVENTORIES
2024 2023
£    £   
Farming stocks 2,000 2,000
Land bank and developments in progress 531,046 354,065
533,046 356,065

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 119,608 69,728
Other debtors 133,422 65,383
253,030 135,111

ELMS FARM BULPHAN LIMITED (REGISTERED NUMBER: 00777786)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 125,766 14,825
Taxation and social security 3,184 4,350
Other creditors 277,394 243,982
406,344 263,157

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 385,189 187,393