Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-06-01falseThe principal activity in the year was that of Mixed farming22truetruefalse 14100495 2023-06-01 2024-06-30 14100495 2024-06-30 14100495 2022-05-11 2023-05-31 14100495 2023-05-31 14100495 c:Director2 2023-06-01 2024-06-30 14100495 d:Buildings 2023-06-01 2024-06-30 14100495 d:Buildings 2024-06-30 14100495 d:Buildings 2023-05-31 14100495 d:Buildings d:OwnedOrFreeholdAssets 2023-06-01 2024-06-30 14100495 d:PlantMachinery 2023-06-01 2024-06-30 14100495 d:PlantMachinery 2024-06-30 14100495 d:PlantMachinery 2023-05-31 14100495 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-06-01 2024-06-30 14100495 d:OwnedOrFreeholdAssets 2023-06-01 2024-06-30 14100495 d:CurrentFinancialInstruments 2024-06-30 14100495 d:CurrentFinancialInstruments 2023-05-31 14100495 d:Non-currentFinancialInstruments 2024-06-30 14100495 d:Non-currentFinancialInstruments 2023-05-31 14100495 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 14100495 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 14100495 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 14100495 d:Non-currentFinancialInstruments d:AfterOneYear 2023-05-31 14100495 d:ShareCapital 2024-06-30 14100495 d:ShareCapital 2023-05-31 14100495 d:RetainedEarningsAccumulatedLosses 2024-06-30 14100495 d:RetainedEarningsAccumulatedLosses 2023-05-31 14100495 c:FRS102 2023-06-01 2024-06-30 14100495 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-06-30 14100495 c:FullAccounts 2023-06-01 2024-06-30 14100495 c:PrivateLimitedCompanyLtd 2023-06-01 2024-06-30 14100495 6 2023-06-01 2024-06-30 14100495 e:PoundSterling 2023-06-01 2024-06-30 iso4217:GBP xbrli:pure
Registered number: 14100495


PARSONAGE FARM HOLDINGS (SALFORD) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 JUNE 2024

 
PARSONAGE FARM HOLDINGS (SALFORD) LIMITED
REGISTERED NUMBER: 14100495

BALANCE SHEET
AS AT 30 JUNE 2024

30 June
31 May
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
7,368,028
-

Investments
 5 
5,000
-

  
7,373,028
-

Current assets
  

Debtors: amounts falling due within one year
 6 
-
4

Cash at bank and in hand
 7 
5,641
5,000

  
5,641
5,004

Creditors: amounts falling due within one year
 8 
(7,145)
(5,000)

Net current (liabilities)/assets
  
 
 
(1,504)
 
 
4

Total assets less current liabilities
  
7,371,524
4

Creditors: amounts falling due after more than one year
 9 
(7,362,000)
-

  

Net assets
  
9,524
4


Capital and reserves
  

Called up share capital 
  
10,000
4

Profit and loss account
  
(476)
-

  
9,524
4


Page 1

 
PARSONAGE FARM HOLDINGS (SALFORD) LIMITED
REGISTERED NUMBER: 14100495
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




___________________________
Nigel Colston
Director

Date: 28 March 2025

The notes on pages 3 to 7 form part of these financial statements.
Page 2

 
PARSONAGE FARM HOLDINGS (SALFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

1.


General information

Parsonage Farm Holdings (Salford) Limited 2023 is a limited company limited by share capital, incorporated in England and Wales. The company registration number is  14100495. The address of the registered office is Rectory Farm, Salford, Chipping Norton, United Kingdom, OX7 5YY. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
PARSONAGE FARM HOLDINGS (SALFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property
-
2%
straight line
Plant and machinery
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
PARSONAGE FARM HOLDINGS (SALFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

3.


Employees

The average monthly number of employees, including the directors, during the Period was as follows:


  13 months ended
        30 June
        31 May
        2024
        2023
            No.
            No.







Directors
2
2


4.


Tangible fixed assets







Freehold property
Plant and machinery
Total

£
£
£



Cost or valuation


Additions
7,367,000
1,285
7,368,285



At 30 June 2024

7,367,000
1,285
7,368,285



Depreciation


Charge for the Period on owned assets
-
257
257



At 30 June 2024

-
257
257



Net book value



At 30 June 2024
7,367,000
1,028
7,368,028



At 31 May 2023
-
-
-

Page 5

 
PARSONAGE FARM HOLDINGS (SALFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

5.


Fixed asset investments








Investments in subsidiary companies

£



Cost or valuation


Additions
5,000



At 30 June 2024
5,000





6.


Debtors

30 June
31 May
2024
2023
£
£


Called up share capital not paid
-
4

-
4



7.


Cash and cash equivalents

30 June
31 May
2024
2023
£
£

Cash at bank and in hand
5,641
5,000

5,641
5,000


Page 6

 
PARSONAGE FARM HOLDINGS (SALFORD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2024

8.


Creditors: Amounts falling due within one year

30 June
31 May
2024
2023
£
£

Amounts owed to subsidiary
3,340
-

Other creditors
2,305
5,000

Accruals and deferred income
1,500
-

7,145
5,000



9.


Creditors: Amounts falling due after more than one year

30 June
31 May
2024
2023
£
£

Amounts owed to subsidiary
7,362,000
-

7,362,000
-


 
Page 7