Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false12023-10-01falseNo description of principal activity1falsetrue 05045897 2023-10-01 2024-09-30 05045897 2022-10-01 2023-09-30 05045897 2024-09-30 05045897 2023-09-30 05045897 c:Director1 2023-10-01 2024-09-30 05045897 d:Buildings 2023-10-01 2024-09-30 05045897 d:Buildings 2024-09-30 05045897 d:Buildings 2023-09-30 05045897 d:CurrentFinancialInstruments 2024-09-30 05045897 d:CurrentFinancialInstruments 2023-09-30 05045897 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 05045897 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 05045897 d:ShareCapital 2024-09-30 05045897 d:ShareCapital 2023-09-30 05045897 d:RetainedEarningsAccumulatedLosses 2024-09-30 05045897 d:RetainedEarningsAccumulatedLosses 2023-09-30 05045897 c:FRS102 2023-10-01 2024-09-30 05045897 c:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 05045897 c:FullAccounts 2023-10-01 2024-09-30 05045897 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 05045897 2 2023-10-01 2024-09-30 05045897 6 2023-10-01 2024-09-30 05045897 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 05045897










MANOR FARM RACKHEATH LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
MANOR FARM RACKHEATH LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MANOR FARM RACKHEATH LIMITED
FOR THE YEAR ENDED 30 SEPTEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Manor Farm Rackheath Limited for the year ended 30 September 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Manor Farm Rackheath Limited in accordance with the terms of our engagement letter dated 26 June 2024Our work has been undertaken solely to prepare for your approval the financial statements of Manor Farm Rackheath Limited and state those matters that we have agreed to state to the director of Manor Farm Rackheath Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Manor Farm Rackheath Limited and its director for our work or for this report. 

It is your duty to ensure that Manor Farm Rackheath Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Manor Farm Rackheath Limited. You consider that Manor Farm Rackheath Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Manor Farm Rackheath Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
27 February 2025
Page 1

 
MANOR FARM RACKHEATH LIMITED
REGISTERED NUMBER: 05045897

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
1,762,965
1,762,965

Investments
 5 
50
50

  
1,763,015
1,763,015

Current assets
  

Stocks
  
146,708
215,198

Debtors: amounts falling due within one year
 6 
486,011
90,875

Cash at bank and in hand
  
232,206
167,652

  
864,925
473,725

Creditors: amounts falling due within one year
 7 
(537,570)
(259,468)

Net current assets
  
 
 
327,355
 
 
214,257

Total assets less current liabilities
  
2,090,370
1,977,272

  

Net assets
  
2,090,370
1,977,272


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
2,090,270
1,977,172

  
2,090,370
1,977,272


Page 2

 
MANOR FARM RACKHEATH LIMITED
REGISTERED NUMBER: 05045897
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and 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 director acknowledges his 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 profit and loss account 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 on 27 February 2025.




P Riedesel Freiherr zu Eisenbach
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
MANOR FARM RACKHEATH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Manor Farm Rackheath Limited is a private company limited by shares. It is incorporated and domiciled in England and Wales. The registered office address is 7 The Close, Norwich, NR1 4DJ.
The Company's principal activities are the rental of agricultural land and residential property and mixed farming.

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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


Page 4

 
MANOR FARM RACKHEATH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The company does not have any tangible fixed assets other than land and buildings.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated

 
2.6

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

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.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
MANOR FARM RACKHEATH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 October 2023
1,762,965



At 30 September 2024

1,762,965






Net book value



At 30 September 2024
1,762,965



At 30 September 2023
1,762,965


5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 October 2023
50



At 30 September 2024
50




Page 6

 
MANOR FARM RACKHEATH LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Debtors

2024
2023
£
£


Trade debtors
14,659
51,689

Other debtors
465,396
34,832

Prepayments and accrued income
5,956
4,354

486,011
90,875



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
131,124
41,934

Other taxation and social security
54,432
20,918

Accruals and deferred income
352,014
196,616

537,570
259,468


 
Page 7