IRIS Accounts Production v25.1.3.33 14084811 director 1.11.23 31.10.24 31.10.24 23/5/2025 0 0 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh140848112023-10-31140848112024-10-31140848112023-11-012024-10-31140848112023-05-31140848112023-06-012023-10-31140848112023-10-3114084811ns15:EnglandWales2023-11-012024-10-3114084811ns14:PoundSterling2023-11-012024-10-3114084811ns10:Director12023-11-012024-10-3114084811ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3114084811ns10:SmallEntities2023-11-012024-10-3114084811ns10:Audited2023-11-012024-10-3114084811ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3114084811ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3114084811ns10:FullAccounts2023-11-012024-10-3114084811ns10:EntityNoLongerTradingButTradedInPast2023-11-012024-10-3114084811ns10:RegisteredOffice2023-11-012024-10-3114084811ns5:CurrentFinancialInstruments2024-10-3114084811ns5:CurrentFinancialInstruments2023-10-3114084811ns5:ShareCapital2024-10-3114084811ns5:ShareCapital2023-10-3114084811ns5:RetainedEarningsAccumulatedLosses2024-10-3114084811ns5:RetainedEarningsAccumulatedLosses2023-10-3114084811ns5:ComputerEquipment2023-10-3114084811ns5:ComputerEquipment2024-10-3114084811ns5:ComputerEquipment2023-10-3114084811ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3114084811ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-31
REGISTERED NUMBER: 14084811 (England and Wales)












AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

HOME FARM BEEBY LIMITED

HOME FARM BEEBY LIMITED (REGISTERED NUMBER: 14084811)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HOME FARM BEEBY LIMITED

COMPANY INFORMATION
for the year ended 31 October 2024







DIRECTOR: C R F Shield





REGISTERED OFFICE: First Floor
One Colton Square
Leicester
Leicestershire
LE1 1QH





REGISTERED NUMBER: 14084811 (England and Wales)





AUDITORS: Magma Audit LLP (part of the Dains Group)
Chartered Accountants
Statutory Auditor
Unit 2, Charnwood Edge Business Park
Syston Road
Leicestershire
LE7 4UZ

HOME FARM BEEBY LIMITED (REGISTERED NUMBER: 14084811)

BALANCE SHEET
31 October 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,100,000 1,100,000

CURRENT ASSETS
Debtors 5 248 1
Cash at bank 3,775 -
4,023 1
CREDITORS
Amounts falling due within one year 6 (21,714 ) -
NET CURRENT (LIABILITIES)/ASSETS (17,691 ) 1
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,082,309

1,100,001

CAPITAL AND RESERVES
Called up share capital 1,100,001 1,100,001
Retained earnings (17,692 ) -
1,082,309 1,100,001

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 director and authorised for issue on 23 May 2025 and were signed by:





C R F Shield - Director


HOME FARM BEEBY LIMITED (REGISTERED NUMBER: 14084811)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 October 2024


1. STATUTORY INFORMATION

Home Farm Beeby Limited is a private limited company, limited by shares, registered in England and Wales. Its registered office address is First Floor, One Colton Square, Leicester, United Kingdom, LE1 1QH and the registered number is 14084811.

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.

The financial statements are prepared in sterling, which is the functional currency of the company.

Going concern
The financial statements have been prepared on a going concern basis. The directors believe that it is appropriate to adopt the going concern basis in the preparation of the financial statements. At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, both the straight line and reducing balance method as detailed below.

Depreciation is provided on the following basis:

Assets in the course of constructionNot depreciated

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
- The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
- Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

HOME FARM BEEBY LIMITED (REGISTERED NUMBER: 14084811)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024


2. ACCOUNTING POLICIES - continued

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term 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.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Assets in
the
course of
construction
£   
COST
At 1 November 2023
and 31 October 2024 1,100,000
NET BOOK VALUE
At 31 October 2024 1,100,000
At 31 October 2023 1,100,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 248 1

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,482 -
Amounts owed to group undertakings 20,232 -
21,714 -

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Luke Turner FCA FCCA (Senior Statutory Auditor)
for and on behalf of Magma Audit LLP (part of the Dains Group)

HOME FARM BEEBY LIMITED (REGISTERED NUMBER: 14084811)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 October 2024


8. ULTIMATE CONTROLLING PARTY

The company is a subsidiary of Home Farm Beeby Holdings Limited, which is ultimately controlled by C R F Shield.