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REGISTERED NUMBER: 01625240 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2024

for

HALL FARM SOUTH MORETON LIMITED

HALL FARM SOUTH MORETON LIMITED (REGISTERED NUMBER: 01625240)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HALL FARM SOUTH MORETON LIMITED

Company Information
for the year ended 31 March 2024







Director: R H Style





Secretary: L Docherty





Registered office: C/O Cooper Parry
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA





Registered number: 01625240 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

HALL FARM SOUTH MORETON LIMITED (REGISTERED NUMBER: 01625240)

Balance Sheet
31 March 2024

31/3/24 31/3/23
Notes £ £ £ £
Fixed assets
Tangible assets 4 509,248 557,892
Investments 5 300 300
509,548 558,192

Current assets
Stocks 6 1,745 55,920
Debtors 7 3,851,808 845,746
Cash at bank 5,564,337 9,710,932
9,417,890 10,612,598
Creditors
Amounts falling due within one year 8 514,666 1,306,767
Net current assets 8,903,224 9,305,831
Total assets less current liabilities 9,412,772 9,864,023

Provisions for liabilities 3,600 9,900
Net assets 9,409,172 9,854,123

Capital and reserves
Called up share capital 9 21,001 21,001
Share premium 807,394 807,394
Retained earnings 8,580,777 9,025,728
Shareholders' funds 9,409,172 9,854,123

HALL FARM SOUTH MORETON LIMITED (REGISTERED NUMBER: 01625240)

Balance Sheet - continued
31 March 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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:





R H Style - Director


HALL FARM SOUTH MORETON LIMITED (REGISTERED NUMBER: 01625240)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Hall Farm South Moreton 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The director has made an assessment of the company's ability to continue as a going concern and has identified no material uncertainties that may cast a significant doubt on the ability of the company to continue as a going concern for the foreseeable future.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 10% on cost
Plant and machinery - 15% on cost
Tractors - 20% on cost
Motor vehicles - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks 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.

HALL FARM SOUTH MORETON LIMITED (REGISTERED NUMBER: 01625240)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. Accounting policies - continued

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

4. Tangible fixed assets
Freehold Plant and Motor
property machinery Tractors vehicles Totals
£ £ £ £ £
Cost
At 1 April 2023 1,325,449 229,871 469,200 48,984 2,073,504
Disposals - (116,742 ) (277,350 ) - (394,092 )
At 31 March 2024 1,325,449 113,129 191,850 48,984 1,679,412
Depreciation
At 1 April 2023 801,335 222,385 455,658 36,234 1,515,612
Charge for year 21,696 2,113 13,542 8,500 45,851
Eliminated on disposal - (113,949 ) (277,350 ) - (391,299 )
At 31 March 2024 823,031 110,549 191,850 44,734 1,170,164
Net book value
At 31 March 2024 502,418 2,580 - 4,250 509,248
At 31 March 2023 524,114 7,486 13,542 12,750 557,892

HALL FARM SOUTH MORETON LIMITED (REGISTERED NUMBER: 01625240)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery Tractors Totals
£ £ £
Cost
At 1 April 2023 94,210 102,850 197,060
Disposals (47,210 ) (102,850 ) (150,060 )
At 31 March 2024 47,000 - 47,000
Depreciation
At 1 April 2023 89,022 102,850 191,872
Eliminated on disposal (42,022 ) (102,850 ) (144,872 )
At 31 March 2024 47,000 - 47,000
Net book value
At 31 March 2024 - - -
At 31 March 2023 5,188 - 5,188

5. Fixed asset investments
Shares in
group
undertakings
£
Cost
At 1 April 2023
and 31 March 2024 300
Net book value
At 31 March 2024 300
At 31 March 2023 300

6. Stocks
31/3/24 31/3/23
£ £
Stock 1,745 55,920

HALL FARM SOUTH MORETON LIMITED (REGISTERED NUMBER: 01625240)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


7. Debtors: amounts falling due within one year
31/3/24 31/3/23
£ £
Trade debtors 883 -
Amounts owed by group undertakings 3,508,179 -
Other debtors 342,746 845,746
3,851,808 845,746

8. Creditors: amounts falling due within one year
31/3/24 31/3/23
£ £
Trade creditors 3,987 12,986
Amounts owed to group undertakings 200 300
Taxation and social security 354,751 1,146,437
Other creditors 155,728 147,044
514,666 1,306,767

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31/3/24 31/3/23
value: £ £
21,001 Ordinary shares £1 21,001 21,001