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REGISTERED NUMBER: 07687992 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 June 2024

for

How Lane Farm Estate Limited

How Lane Farm Estate Limited (Registered number: 07687992)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


How Lane Farm Estate Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: P Watts
R B Watts





SECRETARY: P Watts





REGISTERED OFFICE: 1 Stanyards Courtyard
Stanyards Farm
Chertsey Road
Chobham
Surrey
GU24 8JE





REGISTERED NUMBER: 07687992 (England and Wales)





ACCOUNTANTS: Ahmad York Limited
Chartered Certified Accountants
1 Stanyards Courtyard
Stanyards Farm
Chertsey Road
Chobham
Surrey
GU24 8JE

How Lane Farm Estate Limited (Registered number: 07687992)

Abridged Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,288 30,721
Investment property 5 6,000,000 6,000,000
6,054,288 6,030,721

CURRENT ASSETS
Debtors 31,239 27,486
Cash at bank 244,742 189,329
275,981 216,815
CREDITORS
Amounts falling due within one year 67,129 65,237
NET CURRENT ASSETS 208,852 151,578
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,263,140

6,182,299

PROVISIONS FOR LIABILITIES 475,379 470,666
NET ASSETS 5,787,761 5,711,633

CAPITAL AND RESERVES
Called up share capital 2,285,002 2,285,002
Share premium 1,401,265 1,401,265
Fair value reserve 6 1,784,478 1,784,478
Retained earnings 317,016 240,888
SHAREHOLDERS' FUNDS 5,787,761 5,711,633

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 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.

How Lane Farm Estate Limited (Registered number: 07687992)

Abridged Statement of Financial Position - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2024 and were signed on its behalf by:





P Watts - Director


How Lane Farm Estate Limited (Registered number: 07687992)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

How Lane Farm Estate 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivabe, exclusing discounts, rebates and value added tax.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instrument transactions in accordance with Section 11. Financial assets and liabilities are measured at cost and financial assets are assessed at the end of each reporting period for objective evidence of impairment.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2023 - NIL ) .

How Lane Farm Estate Limited (Registered number: 07687992)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 88,091
Additions 35,103
At 30 June 2024 123,194
DEPRECIATION
At 1 July 2023 57,370
Charge for year 11,536
At 30 June 2024 68,906
NET BOOK VALUE
At 30 June 2024 54,288
At 30 June 2023 30,721

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 6,000,000
NET BOOK VALUE
At 30 June 2024 6,000,000
At 30 June 2023 6,000,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2015 872,719
Valuation in 2016 198,186
Valuation in 2017 238,095
Valuation in 2018 150,000
Valuation in 2019 154,500
Valuation in 2021 265,225
Valuation in 2022 180,275
Valuation in 2023 190,000
Cost 3,751,000
6,000,000

6. RESERVES
Fair
value
reserve
£   
At 1 July 2023
and 30 June 2024 1,784,478

How Lane Farm Estate Limited (Registered number: 07687992)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. COMMITMENTS, GUARANTEES AND CONTINGENCIES

At the year end the company has commitments, guarantees and contingencies totalling £Nil (2023: £Nil).