Company Registration No. 5488970 (England and Wales)
Highfield House Farm Limited
Unaudited accounts
for the year ended 30 June 2024
Highfield House Farm Limited
Unaudited accounts
Contents
Highfield House Farm Limited
Company Information
for the year ended 30 June 2024
Directors
M Prince
S Prince
Company Number
5488970 (England and Wales)
Registered Office
28 Terminus Road
SHEFFIELD
S7 2LH
United Kingdom
Highfield House Farm Limited
Statement of financial position
as at 30 June 2024
Tangible assets
620,933
592,040
Cash at bank and in hand
(76,119)
(53,870)
Creditors: amounts falling due within one year
(312,562)
(261,504)
Net current liabilities
(285,344)
(220,929)
Net assets
335,589
371,111
Called up share capital
3
3
Profit and loss account
335,586
371,108
Shareholders' funds
335,589
371,111
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 March 2025 and were signed on its behalf by
M Prince
Director
Company Registration No. 5488970
Highfield House Farm Limited
Notes to the Accounts
for the year ended 30 June 2024
Highfield House Farm Limited is a private company, limited by shares, registered in England and Wales, registration number 5488970. The registered office is 28 Terminus Road, SHEFFIELD, S7 2LH, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
249,825
838,889
61,074
1,149,788
Additions
-
54,384
-
54,384
At 30 June 2024
249,825
893,273
61,074
1,204,172
At 1 July 2023
74,623
436,091
47,034
557,748
Charge for the year
3,245
20,140
2,106
25,491
At 30 June 2024
77,868
456,231
49,140
583,239
At 30 June 2024
171,957
437,042
11,934
620,933
At 30 June 2023
175,202
402,798
14,040
592,040
Highfield House Farm Limited
Notes to the Accounts
for the year ended 30 June 2024
Amounts falling due within one year
Trade debtors
47,273
42,255
Other debtors
31,714
31,125
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
70,348
52,342
Obligations under finance leases and hire purchase contracts
44,311
13,655
Trade creditors
22,725
27,080
Taxes and social security
-
344
Other creditors
3,198
3,082
Loans from directors
171,980
162,226
7
Average number of employees
During the year the average number of employees was 10 (2023: 10).