REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 MARCH 2024 |
FOR |
PONDHEAD LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 MARCH 2024 |
FOR |
PONDHEAD LIMITED |
PONDHEAD LIMITED (REGISTERED NUMBER: 09067214) |
CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 29 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Chartered Accountants' Report | 6 |
PONDHEAD LIMITED |
COMPANY INFORMATION |
for the year ended 29 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
10 St Ann Street |
Salisbury |
Wiltshire |
SP1 2DN |
PONDHEAD LIMITED (REGISTERED NUMBER: 09067214) |
BALANCE SHEET |
29 March 2024 |
29.3.24 | 29.3.23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The directors acknowledge their 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. |
PONDHEAD LIMITED (REGISTERED NUMBER: 09067214) |
BALANCE SHEET - continued |
29 March 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
PONDHEAD LIMITED (REGISTERED NUMBER: 09067214) |
NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 29 March 2024 |
1. | STATUTORY INFORMATION |
Pondhead Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Revenue recognition |
Revenue is measured at the fair value of the consideration received or receivable from the sale of livestock, the provision of grazing land and the use of land for other non agricultural purposes. |
Revenue is recognised on the sale of livestock when the livestock is delivered to the customer at which point the significant risks and rewards associated with the sale pass to the customer. |
Revenue is recognised on the provision of grazing land in accordance with the terms of the rental agreements in place with the customer, at which time the significant risks and rewards associated with the service provided pass to the customer. |
Tangible fixed assets |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: |
Plant and Machinery etc - 25% reducing balance basis. |
The assets' residual values, useful lives and depreciation methods are reviewed and adjusted if appropriate, or there is an indication of a significant change since the last reporting date. |
Stocks |
The company holds stocks of livestock, feed and consumables associated with its trade. The livestock is valued at market value whilst feed and consumables are valued at the lower of cost and net realisable value due to the fact that they are perishable. Stock is issued on a first in first out basis due the fact that it is perishable. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Debtors |
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objective evidence that the asset is impaired. |
Creditors |
Creditors are not interest bearing and are stated at their nominal value. |
Cash and cash equivalents |
These comprise cash at bank and other short-term highly liquid bank deposits with an original maturity of three months or less. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
PONDHEAD LIMITED (REGISTERED NUMBER: 09067214) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 29 March 2024 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 30 March 2023 |
and 29 March 2024 |
DEPRECIATION |
At 30 March 2023 |
Charge for year |
At 29 March 2024 |
NET BOOK VALUE |
At 29 March 2024 |
At 29 March 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.3.24 | 29.3.23 |
£ | £ |
Trade debtors |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.3.24 | 29.3.23 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
29.3.24 | 29.3.23 |
£ | £ |
Bank loans |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
PONDHEAD LIMITED |
The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies. |
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Pondhead Limited for the year ended 29 March 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
This report is made solely to the Board of Directors of Pondhead Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Pondhead Limited and state those matters that we have agreed to state to the Board of Directors of Pondhead Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Pondhead Limited and its Board of Directors, as a body, for our work or for this report. |
It is your duty to ensure that Pondhead Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Pondhead Limited. You consider that Pondhead Limited is exempt from the statutory audit requirement for the year. |
We have not been instructed to carry out an audit or a review of the financial statements of Pondhead Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
10 St Ann Street |
Salisbury |
Wiltshire |
SP1 2DN |