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REGISTERED NUMBER: 06269828 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Lock's Drove Farm Limited

Lock's Drove Farm Limited (Registered number: 06269828)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Lock's Drove Farm Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr J Williams
Mrs C Williams





REGISTERED OFFICE: Locks Drove Farm
Locks Drove
Pill Heath
Andover
Hampshire
SP11 0JQ





REGISTERED NUMBER: 06269828 (England and Wales)





ACCOUNTANTS: JBC Accountants Limited
Chartered Accountants
3B Lockheed Court
Preston Farm
Stockton on Tees
TS18 3SH

Lock's Drove Farm Limited (Registered number: 06269828)

Balance Sheet
30 June 2024

30/6/24 30/6/23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 82,326 52,712

CURRENT ASSETS
Stocks 49,145 39,431
Debtors 5 632,233 711,403
Cash at bank 2,706 15,168
684,084 766,002
CREDITORS
Amounts falling due within one year 6 183,990 60,175
NET CURRENT ASSETS 500,094 705,827
TOTAL ASSETS LESS CURRENT
LIABILITIES

582,420

758,539

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 582,320 758,439
582,420 758,539

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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Mr J Williams - Director


Lock's Drove Farm Limited (Registered number: 06269828)

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

1. STATUTORY INFORMATION

Lock's Drove Farm 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.

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 each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on 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 profit and loss account.

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Current and deferred 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.

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.

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 ) .

Lock's Drove Farm Limited (Registered number: 06269828)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 July 2023 173,281
Additions 65,899
Disposals (11,000 )
At 30 June 2024 228,180
DEPRECIATION
At 1 July 2023 120,569
Charge for year 36,285
Eliminated on disposal (11,000 )
At 30 June 2024 145,854
NET BOOK VALUE
At 30 June 2024 82,326
At 30 June 2023 52,712

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£ £
Trade debtors 18,696 -
Other debtors 613,537 711,403
632,233 711,403

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/6/24 30/6/23
£ £
Trade creditors 9,154 1,080
Taxation and social security 4,380 55,223
Other creditors 170,456 3,872
183,990 60,175

7. SECURED DEBTS

Barclays Bank UK Plc hold a fixed and floating charge over all of the property of the company.

Lock's Drove Farm Limited (Registered number: 06269828)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30/6/24 30/6/23
£ £
Mr J Williams
Balance outstanding at start of year 114,086 -
Amounts advanced - 114,086
Amounts repaid (114,086 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 114,086

9. RELATED PARTY DISCLOSURES

Included in Other Debtors is an amount of £563,639 owed to Lock's Drove Farm Limited from Lock's Drove Property Limited.