FIVE ACRE FARM CIC

Company limited by guarantee

Company Registration Number:
15006031 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2024

Period of accounts

Start date: 17 July 2023

End date: 31 July 2024

FIVE ACRE FARM CIC

Contents of the Financial Statements

for the Period Ended 31 July 2024

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

FIVE ACRE FARM CIC

Directors' report period ended 31 July 2024

The directors present their report with the financial statements of the company for the period ended 31 July 2024

Directors

The directors shown below have held office during the whole of the period from
17 July 2023 to 31 July 2024

G R P Ferguson
S L Ford


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
17 April 2025

And signed on behalf of the board by:
Name: G R P Ferguson
Status: Director

FIVE ACRE FARM CIC

Profit And Loss Account

for the Period Ended 31 July 2024

12 months to 31 July 2024


£
Turnover: 19,299
Cost of sales: ( 2,091 )
Gross profit(or loss): 17,208
Administrative expenses: ( 31,140 )
Other operating income: 32,808
Operating profit(or loss): 18,876
Profit(or loss) before tax: 18,876
Profit(or loss) for the financial year: 18,876

FIVE ACRE FARM CIC

Balance sheet

As at 31 July 2024

Notes 12 months to 31 July 2024


£
Fixed assets
Tangible assets: 3 31,578
Total fixed assets: 31,578
Current assets
Debtors: 4 2,342
Cash at bank and in hand: 8,184
Total current assets: 10,526
Creditors: amounts falling due within one year: 5 ( 13,227 )
Net current assets (liabilities): (2,701)
Total assets less current liabilities: 28,877
Creditors: amounts falling due after more than one year: 6 ( 10,001 )
Total net assets (liabilities): 18,876
Members' funds
Profit and loss account: 18,876
Total members' funds: 18,876

The notes form part of these financial statements

FIVE ACRE FARM CIC

Balance sheet statements

For the year ending 31 July 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 17 April 2025
and signed on behalf of the board by:

Name: G R P Ferguson
Status: Director

The notes form part of these financial statements

FIVE ACRE FARM CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    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 policy

    Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Plant and machinery - 15% on reducing balance

    Other accounting policies

    Taxation Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date. Deferred tax Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

FIVE ACRE FARM CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

  • 2. Employees

    12 months to 31 July 2024
    Average number of employees during the period 6

FIVE ACRE FARM CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
Additions 32,808 32,808
Disposals
Revaluations
Transfers
At 31 July 2024 32,808 32,808
Depreciation
Charge for year 1,230 1,230
On disposals
Other adjustments
At 31 July 2024 1,230 1,230
Net book value
At 31 July 2024 31,578 31,578

FIVE ACRE FARM CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

4. Debtors

12 months to 31 July 2024
£
Trade debtors 2,342
Total 2,342

FIVE ACRE FARM CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

5. Creditors: amounts falling due within one year note

12 months to 31 July 2024
£
Taxation and social security 45
Other creditors 13,182
Total 13,227

FIVE ACRE FARM CIC

Notes to the Financial Statements

for the Period Ended 31 July 2024

6. Creditors: amounts falling due after more than one year note

12 months to 31 July 2024
£
Other creditors 10,001
Total 10,001

COMMUNITY INTEREST ANNUAL REPORT

FIVE ACRE FARM CIC

Company Number: 15006031 (England and Wales)

Year Ending: 31 July 2024

Company activities and impact

Growing nourishing food and selling to local community and businesses. Regenerative farming to care for the land and climate. Establishing a volunteer board to aid connections within our community - to support education and social responsibilities. Working with our community through volunteer days, learning, sharing of food, access to nature, workshops & events. Establishing a community food growing bed and a space where people can sit to enjoy nature and the peace of the outdoors.

Consultation with stakeholders

No consultation with stakeholders

Directors' remuneration

No remuneration was received

Transfer of assets

£32m807.81 - plant & equipment per the accounts.

This report was approved by the board of directors on
9 April 2025

And signed on behalf of the board by:
Name: G Ferguson
Status: Director