2023-04-012024-03-312024-03-31false10769138FARM GIRL 2 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FARM GIRL 2 LTD

Registered Number
10769138
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

FARM GIRL 2 LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

HOOD, Anthony
HOOD, Rosanna

Registered Address

Westbourne Studios Unit 103
242 Acklam Road
London
W10 5JJ

Registered Number

10769138 (England and Wales)
FARM GIRL 2 LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3293,72390,923
293,72390,923
Current assets
Stocks9,0052,536
Debtors4114,15577,988
Cash at bank and on hand8,46486
131,62480,610
Creditors amounts falling due within one year5(1,594,131)(997,196)
Net current assets (liabilities)(1,462,507)(916,586)
Total assets less current liabilities(1,168,784)(825,663)
Creditors amounts falling due after one year6(480,284)(445,175)
Net assets(1,649,068)(1,270,838)
Capital and reserves
Called up share capital100100
Profit and loss account(1,649,168)(1,270,938)
Shareholders' funds(1,649,068)(1,270,838)
The financial statements were approved and authorised for issue by the Board of Directors on 11 March 2025, and are signed on its behalf by:
HOOD, Anthony
Director
Registered Company No. 10769138
FARM GIRL 2 LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
Although the company is loss making and in a net liabilities position, the directors are committed to continuing to fund the business therefore the accounts have been prepared on a going concern basis.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows: Improvements to property - 10% Kitchen Equipment - 14% Computer Equipment - 25% All other Equipment - 20%
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Stocks and work in progress
Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
2.Average number of employees

20242023
Average number of employees during the year86
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 April 23180,571
Additions240,792
At 31 March 24421,362
Depreciation and impairment
At 01 April 2389,648
Charge for year37,992
At 31 March 24127,640
Net book value
At 31 March 24293,723
At 31 March 2390,923
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables8891,005
Other debtors87,94770,365
Prepayments and accrued income25,3196,618
Total114,15577,988
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables81,28548,520
Bank borrowings and overdrafts4,40426,944
Amounts owed to related parties1,452,280867,344
Taxation and social security21,05221,052
Other creditors21,62930,350
Accrued liabilities and deferred income13,4812,986
Total1,594,131997,196
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts471,868442,458
Other creditors8,4162,717
Total480,284445,175
7.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts8,4162,717
8.Controlling party
The company is a wholly owned subsidiary of Farm Girl Holdings Limited. The registered office address is: Westbourne Studios Unit 103 242 Acklam Road London W10 5JJ