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REGISTERED NUMBER: 14095713 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

LOWER SKENCHILL FARM LTD

LOWER SKENCHILL FARM LTD (REGISTERED NUMBER: 14095713)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LOWER SKENCHILL FARM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2024







DIRECTORS: S P Kirk
A O Kirk





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 14095713 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

LOWER SKENCHILL FARM LTD (REGISTERED NUMBER: 14095713)

BALANCE SHEET
31ST MAY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 412,949 142,610

CURRENT ASSETS
Cash at bank 3,660 4

CREDITORS
Amounts falling due within one year 5 460,468 156,327
NET CURRENT LIABILITIES (456,808 ) (156,323 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(43,859

)

(13,713

)

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings (43,861 ) (13,715 )
SHAREHOLDERS' FUNDS (43,859 ) (13,713 )

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31st May 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.

LOWER SKENCHILL FARM LTD (REGISTERED NUMBER: 14095713)

BALANCE SHEET - continued
31ST MAY 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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11th April 2025 and were signed on its behalf by:





S P Kirk - Director


LOWER SKENCHILL FARM LTD (REGISTERED NUMBER: 14095713)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2024

1. STATUTORY INFORMATION

Lower Skenchill Farm 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not provided
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 20% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss, 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.

3. EMPLOYEES AND DIRECTORS

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

LOWER SKENCHILL FARM LTD (REGISTERED NUMBER: 14095713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st June 2023 142,221 486 - - 142,707
Additions 246,084 506 29,208 703 276,501
At 31st May 2024 388,305 992 29,208 703 419,208
DEPRECIATION
At 1st June 2023 - 97 - - 97
Charge for year - 179 5,842 141 6,162
At 31st May 2024 - 276 5,842 141 6,259
NET BOOK VALUE
At 31st May 2024 388,305 716 23,366 562 412,949
At 31st May 2023 142,221 389 - - 142,610

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,998 -
Social security and other taxes (1 ) 320
Directors' current accounts 440,548 153,525
Accrued expenses 3,923 2,482
460,468 156,327

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

7. RELATED PARTY DISCLOSURES

The company had an outstanding directors loan account at the year end due to S Kirk of £336,548 (2023: £153,525)

The company had an outstanding directors loan account at the year end due to A Kirk of £104,000 (2023: £Nil)

LOWER SKENCHILL FARM LTD (REGISTERED NUMBER: 14095713)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MAY 2024

8. GOING CONCERN

After reviewing the company's forecasts and projections, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis preparing its financial statements.