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REGISTERED NUMBER: 03807647 (England and Wales)












Milborne Wick Farms Limited

Unaudited Financial Statements

for the Year Ended 31st December 2024






Milborne Wick Farms Limited (Registered number: 03807647)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Milborne Wick Farms Limited

Company Information
for the Year Ended 31st December 2024







DIRECTORS: R W V Mackintosh
A O V Mackintosh





SECRETARY: Mrs L Mackintosh





REGISTERED OFFICE: 48 Arwenack Street
Falmouth
Cornwall
TR11 3JH





REGISTERED NUMBER: 03807647 (England and Wales)





ACCOUNTANTS: Hodgsons
Chartered Accountants
48 Arwenack Street
Falmouth
Cornwall
TR11 3JH

Milborne Wick Farms Limited (Registered number: 03807647)

Statement of Financial Position
31st December 2024

31.12.24 31.12.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 26,906 5,151

CURRENT ASSETS
Stocks 87,266 89,778
Debtors 5 5,182 4,245
92,448 94,023
CREDITORS
Amounts falling due within one year 6 (72,055 ) (92,989 )
NET CURRENT ASSETS 20,393 1,034
TOTAL ASSETS LESS CURRENT
LIABILITIES

47,299

6,185

CREDITORS
Amounts falling due after more than one
year

7

(9,815

)

(12,037

)

PROVISIONS FOR LIABILITIES (5,112 ) (914 )
NET ASSETS/(LIABILITIES) 32,372 (6,766 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,272 (6,866 )
SHAREHOLDERS' FUNDS 32,372 (6,766 )

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

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

Milborne Wick Farms Limited (Registered number: 03807647)

Statement of Financial Position - continued
31st December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th April 2025 and were signed on its behalf by:





R W V Mackintosh - Director


Milborne Wick Farms Limited (Registered number: 03807647)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. STATUTORY INFORMATION

Milborne Wick Farms Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and net of vat.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 4% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stock is valued at the lower of cost and net realisable value after making allowance for obsolete and slow moving items. Livestock is valued at seventy five percent of market value in cases where the cost of production can not be accurately ascertained.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Milborne Wick Farms Limited (Registered number: 03807647)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Long Plant and Motor
leasehold machinery vehicles Totals
£    £    £    £   
COST
At 1st January 2024 8,568 21,235 38,031 67,834
Additions - 7,974 16,999 24,973
Disposals - (7,312 ) - (7,312 )
At 31st December 2024 8,568 21,897 55,030 85,495
DEPRECIATION
At 1st January 2024 8,228 18,962 35,493 62,683
Charge for year 340 1,750 994 3,084
Eliminated on disposal - (7,178 ) - (7,178 )
At 31st December 2024 8,568 13,534 36,487 58,589
NET BOOK VALUE
At 31st December 2024 - 8,363 18,543 26,906
At 31st December 2023 340 2,273 2,538 5,151

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors - 3,234
Other debtors 5,182 1,011
5,182 4,245

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 25,209 27,898
Trade creditors 3,761 17,312
Tax 4,879 291
Social security and other taxes 132 103
VAT - 548
Other creditors 2,000 2,000
Directors' current accounts 34,384 43,302
Accrued expenses 1,690 1,535
72,055 92,989

Milborne Wick Farms Limited (Registered number: 03807647)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans - 2-5 years 9,815 8,889
Bank loans more 5 yr by instal - 3,148
9,815 12,037

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 3,148

8. ULTIMATE CONTROLLING PARTY

The Director and shareholder Mr R W V Mackintosh is the ultimate controlling party, with Mr AOV Mackintosh owning 25% of the company.