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REGISTERED NUMBER: 03132480 (England and Wales)










Home Farm (Minal) Limited

Financial Statements

for the Year Ended 30th September 2024






Home Farm (Minal) Limited (Registered number: 03132480)






Contents of the Financial Statements
for the Year Ended 30th September 2024




Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3 to 4

Notes to the Financial Statements 5 to 7


Home Farm (Minal) Limited

Company Information
for the Year Ended 30th September 2024







DIRECTORS: A J Ainslie
Mrs M J Ainslie





SECRETARY: Mrs M J Ainslie





REGISTERED OFFICE: The Farmhouse
Rabley Barn
Mildenhall
Marlborough
Wiltshire
SN8 2LW





REGISTERED NUMBER: 03132480 (England and Wales)





ACCOUNTANTS: Woodward Hale
Chartered Accountants
38 Dollar Street
Cirencester
Gloucestershire
GL7 2AN

Home Farm (Minal) Limited

Report of the Accountants to the Directors of
Home Farm (Minal) Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th September 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Woodward Hale
Chartered Accountants
38 Dollar Street
Cirencester
Gloucestershire
GL7 2AN


22nd April 2025

Home Farm (Minal) Limited (Registered number: 03132480)

Balance Sheet
30th September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 772,581 929,993
Investments 5 6,355 6,355
778,936 936,348

CURRENT ASSETS
Stocks 219,527 254,801
Debtors 6 120,093 87,323
Cash at bank and in hand 764,192 576,778
1,103,812 918,902
CREDITORS
Amounts falling due within one year 7 390,485 312,245
NET CURRENT ASSETS 713,327 606,657
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,492,263

1,543,005

PROVISIONS FOR LIABILITIES 56,608 64,212
NET ASSETS 1,435,655 1,478,793

CAPITAL AND RESERVES
Called up share capital 1,054,660 1,054,660
Retained earnings 380,995 424,133
SHAREHOLDERS' FUNDS 1,435,655 1,478,793

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

Home Farm (Minal) Limited (Registered number: 03132480)

Balance Sheet - continued
30th September 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22nd April 2025 and were signed on its behalf by:





A J Ainslie - Director


Home Farm (Minal) Limited (Registered number: 03132480)

Notes to the Financial Statements
for the Year Ended 30th September 2024

1. STATUTORY INFORMATION

Home Farm (Minal) 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.

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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Property and improvements - 10% 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Home Farm (Minal) Limited (Registered number: 03132480)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

2. ACCOUNTING POLICIES - continued

Government grants
Government grants are recognised in the period to which they relate once all conditions for their receipt have been complied with.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Property
and Plant and Motor
improvements machinery vehicles Totals
£    £    £    £   
COST
At 1st October 2023 2,842,767 333,927 14,250 3,190,944
Additions 33,308 - - 33,308
Disposals - (11,616 ) - (11,616 )
At 30th September 2024 2,876,075 322,311 14,250 3,212,636
DEPRECIATION
At 1st October 2023 1,953,647 294,480 12,824 2,260,951
Charge for year 173,968 7,684 356 182,008
Charge written back - (2,904 ) - (2,904 )
At 30th September 2024 2,127,615 299,260 13,180 2,440,055
NET BOOK VALUE
At 30th September 2024 748,460 23,051 1,070 772,581
At 30th September 2023 889,120 39,447 1,426 929,993

Included in the cost of tenants improvements are buildings of £226,422 which are not depreciated.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st October 2023
and 30th September 2024 6,355
NET BOOK VALUE
At 30th September 2024 6,355
At 30th September 2023 6,355

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 93,281 38,593
Other debtors 26,812 48,730
120,093 87,323

Home Farm (Minal) Limited (Registered number: 03132480)

Notes to the Financial Statements - continued
for the Year Ended 30th September 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 131,416 80,751
Taxation and social security 40,016 18,472
Other creditors 219,053 213,022
390,485 312,245

8. RELATED PARTY DISCLOSURES

The company pays rent of £8,525 per annum to the Trust under an agricultural tenancy for approximately 170
acres, a settlement granted in favour of a director and their children, and also farms, rent free, approximately 650
acres owned by family members.