Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-30true32023-12-01true3No description of principal activitytruefalse 00651588 2023-12-01 2024-11-30 00651588 2022-12-01 2023-11-30 00651588 2024-11-30 00651588 2023-11-30 00651588 c:Director2 2023-12-01 2024-11-30 00651588 d:Non-currentFinancialInstruments 2024-11-30 00651588 d:Non-currentFinancialInstruments 2023-11-30 00651588 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 00651588 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 00651588 d:ShareCapital 2024-11-30 00651588 d:ShareCapital 2023-11-30 00651588 c:EntityNoLongerTradingButTradedInPast 2023-12-01 2024-11-30 00651588 c:FRS102 2023-12-01 2024-11-30 00651588 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 00651588 c:FullAccounts 2023-12-01 2024-11-30 00651588 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 00651588 e:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:pure
                                                                                                                     Registered number: 00651588














A W MAYHEW (FARMS) LTD


UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
A W MAYHEW (FARMS) LTD
REGISTERED NUMBER:00651588

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2024

2024
2023 Restated
Note
£
£

  

Current assets
  

Cash at bank and in hand
 4 
29,913
30,486

  
29,913
30,486

Total assets less current liabilities
  
 
 
29,913
 
 
30,486

Creditors: amounts falling due after more than one year
  
(19,913)
(20,486)

  

Net assets
  
10,000
10,000


Capital and reserves
  

Called up share capital 
  
10,000
10,000

  
10,000
10,000


For the year ended 30 November 2024 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year 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 financial statements have been prepared 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 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 income statement 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: 




P J Mayhew
Director

Date: 11 April 2025

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
A W MAYHEW (FARMS) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

A W Mayhew Farms Limited is a private company limited by shares and incorporated in England and Wales, registration number 00651588. The registered office is Monkey Lodge, Freston, Ipswich, Suffolk, IP9 1AA.  

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

 
2.2

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.

 
2.3

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and
Page 2

 
A W MAYHEW (FARMS) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)


2.3
Financial instruments (continued)

loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Cash and cash equivalents

2024
2023 Restated
£
£

Cash at bank and in hand
29,913
30,486

29,913
30,486



5.


Creditors: Amounts falling due within one year





6.


Creditors: Amounts falling due after more than one year

2024
2023 Restated
£
£

Other creditors
19,913
20,486

19,913
20,486


Page 3

 
A W MAYHEW (FARMS) LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

7.


Prior year adjustment

A prior year correction has been identified and an adjustment made to correct the  balance sheet on 30 November 2023. 
The restatement of the 2023 balance sheet shows an increase in cash at bank of £20,486 and the introduction of a creditor for the same amount. The adjustment does not change the overall net asset position, but is a restatement of the cash and creditors recorded.

 
Page 4