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REGISTERED NUMBER: 10806062 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

THE CATTLE YARD LTD

THE CATTLE YARD LTD (REGISTERED NUMBER: 10806062)

Contents of the Financial Statements
for the year ended 30 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE CATTLE YARD LTD

Company Information
for the year ended 30 June 2024







DIRECTORS: T R Montgomery
Ms L H Montgomery





REGISTERED OFFICE: Little Brooksend Farm
Canterbury Road
Brooksend
Birchington
Kent
CT7 0JW





REGISTERED NUMBER: 10806062 (England and Wales)





ACCOUNTANTS: Thorne Lancaster Parker
5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA

THE CATTLE YARD LTD (REGISTERED NUMBER: 10806062)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 1,179,592 1,226,561

CURRENT ASSETS
Debtors 5 1,947 14,627
Cash at bank 16,550 30,131
18,497 44,758
CREDITORS
Amounts falling due within one year 6 (1,235,228 ) (1,275,299 )
NET CURRENT LIABILITIES (1,216,731 ) (1,230,541 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(37,139

)

(3,980

)

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings (37,239 ) (4,080 )
SHAREHOLDERS' FUNDS (37,139 ) (3,980 )

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 CATTLE YARD LTD (REGISTERED NUMBER: 10806062)

Balance Sheet - continued
30 June 2024


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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2025 and were signed on its behalf by:





T R Montgomery - Director


THE CATTLE YARD LTD (REGISTERED NUMBER: 10806062)

Notes to the Financial Statements
for the year ended 30 June 2024


1. STATUTORY INFORMATION

The Cattle Yard Ltd 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.

Going concern
The accounts have been prepared on a going concern basis. As described in the balance sheet, the Company has net liabilities of £1,216,731 at the balance sheet date. The Company is dependant upon the continued support of the shareholders. The shareholders have confirmed that they will continue their support for a period of at least twelve months from the approval date of these accounts and on that basis the directors consider the going concern basis to be appropriate.

Turnover
Revenue 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
Property under construction was completed during the year and has since been transferred to freehold property which represents the cost of asset. The cost comprises acquisition cost, direct labour, material purchased and overheads, where appropriate.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property - 50 years
Plant and machinery etc - 25% on cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income, 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.


THE CATTLE YARD LTD (REGISTERED NUMBER: 10806062)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


2. ACCOUNTING POLICIES - continued
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.

Financial instruments
The company has the following basic financial instruments.

Basic financial assets
Trade and other debtors, loans, cash and bank balances are initially recognised at transaction price and subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Basic financial assets are derecognised when (a) the contractual rights to the cash flows from the assets expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Basic financial liabilities
Other creditors, directors' current accounts and accruals are initially recognised at transaction price and subsequently carried at amortised cost, using the effective interest rate method.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

THE CATTLE YARD LTD (REGISTERED NUMBER: 10806062)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


4. PROPERTY, PLANT AND EQUIPMENT
Property
Freehold under Plant and Computer
property construction machinery equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 - 1,215,312 11,359 3,880 1,230,551
Additions - 20,276 19,450 - 39,726
Transfer 1,177,964 (1,177,964 ) - - -
Reclassification/transfer - (57,624 ) - - (57,624 )
At 30 June 2024 1,177,964 - 30,809 3,880 1,212,653
DEPRECIATION
At 1 July 2023 - - 3,020 970 3,990
Charge for year 23,059 - 5,042 970 29,071
At 30 June 2024 23,059 - 8,062 1,940 33,061
NET BOOK VALUE
At 30 June 2024 1,154,905 - 22,747 1,940 1,179,592
At 30 June 2023 - 1,215,312 8,339 2,910 1,226,561

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 832 701
VAT 1,115 13,926
1,947 14,627

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 131,483 142,217
Trade creditors - 69,129
Other creditors 5,060 5,060
Directors' current accounts 1,098,685 1,058,893
1,235,228 1,275,299

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

THE CATTLE YARD LTD (REGISTERED NUMBER: 10806062)

Notes to the Financial Statements - continued
for the year ended 30 June 2024


8. ULTIMATE CONTROLLING PARTY

The controlling party is T R Montgomery.