REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 September 2024 |
for |
N HANSON FARMING LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 September 2024 |
for |
N HANSON FARMING LIMITED |
N HANSON FARMING LIMITED (REGISTERED NUMBER: 07816314) |
Contents of the Financial Statements |
for the year ended 30 September 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
N HANSON FARMING LIMITED |
Company Information |
for the year ended 30 September 2024 |
Directors: |
Registered office: |
Registered number: |
Accountants: |
New Derwent House |
69-73 Theobalds Road |
London |
WC1X 8TA |
N HANSON FARMING LIMITED (REGISTERED NUMBER: 07816314) |
Balance Sheet |
30 September 2024 |
30/9/24 | 30/9/23 |
Notes | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Stocks |
Debtors | 5 |
Cash at bank |
Creditors |
Amounts falling due within one year | 6 |
Net current assets |
Total assets less current liabilities |
Provisions for liabilities |
Net assets |
Capital and reserves |
Called up share capital | 8 |
Retained earnings |
Shareholders' funds |
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. |
N HANSON FARMING LIMITED (REGISTERED NUMBER: 07816314) |
Balance Sheet - continued |
30 September 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
N HANSON FARMING LIMITED (REGISTERED NUMBER: 07816314) |
Notes to the Financial Statements |
for the year ended 30 September 2024 |
1. | Statutory information |
N Hanson Farming Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
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 |
Plant and machinery etc | - |
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 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 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. |
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. |
Going concern |
The director has made an assessment of the company's ability to continue as a going concern and has identified no material uncertainties that may cast significant doubt on the ability of the company to continue as a going concern for the foreseeable future. |
N HANSON FARMING LIMITED (REGISTERED NUMBER: 07816314) |
Notes to the Financial Statements - continued |
for the year ended 30 September 2024 |
2. | Accounting policies - continued |
Pension scheme |
The company operates a registered self-administered defined contribution pension scheme for the sole benefit of its director. Contributions were made to the scheme during the year of £Nil (2018 - £ nil). |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
Cost |
At 1 October 2023 |
Additions |
At 30 September 2024 |
Depreciation |
At 1 October 2023 |
Charge for year |
At 30 September 2024 |
Net book value |
At 30 September 2024 |
At 30 September 2023 |
5. | Debtors: amounts falling due within one year |
30/9/24 | 30/9/23 |
£ | £ |
Other debtors |
6. | Creditors: amounts falling due within one year |
30/9/24 | 30/9/23 |
£ | £ |
Hire purchase contracts (see note 7) |
Taxation and social security |
Other creditors |
N HANSON FARMING LIMITED (REGISTERED NUMBER: 07816314) |
Notes to the Financial Statements - continued |
for the year ended 30 September 2024 |
7. | Leasing agreements |
Minimum lease payments fall due as follows: |
Hire purchase contracts |
30/9/24 | 30/9/23 |
£ | £ |
Net obligations repayable: |
Within one year |
The company has an obligation under an operating lease to pay rent of £2,702 per annum. |
8. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30/9/24 | 30/9/23 |
value: | £ | £ |
Ordinary A | 1 | 51 | 51 |
Ordinary B | 1 | 49 | 49 |
100 | 100 |
The directors capitalised the sum of £99 being part of the company's undivided profits standing to the credit of the profit and loss account.The new shares are deemed as fully paid up and issued in direct proportion to each member's existing holding of ordinary shares. |
The 100 issued ordinary shares of £1 each in the company were reclassified as 51 ordinary A Shares of £1 each and 49 ordinary B Shares of £1each. |
9. | Directors' advances, credits and guarantees |
The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023: |
30/9/24 | 30/9/23 |
£ | £ |
Balance outstanding at start of year |
Amounts advanced |
Amounts repaid | ( |
) | ( |
) |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
10. | Ultimate controlling party |
The controlling party is N Hanson. |