Registered number
15122407
Dellans Farm Ltd
Filleted Accounts
30 September 2024
Dellans Farm Ltd
Registered number: 15122407
Balance Sheet
as at 30 September 2024
Notes 2024
£
Fixed assets
Tangible assets 3 1,109,482
Current assets
Stocks 19,211
Debtors 4 2,337
Cash at bank and in hand 26,685
48,233
Creditors: amounts falling due within one year 5 (1,269,656)
Net current liabilities (1,221,423)
Net liabilities (111,941)
Capital and reserves
Called up share capital 4
Profit and loss account (111,945)
Shareholders' funds (111,941)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G J Storey
Director
Approved by the board on 27 May 2025
Dellans Farm Ltd
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Going concern
The company meets its day to day requirements through the continued support of the creditors, the bank and the shareholders. The directors consider that the company will operate within its current facilities. However, the margin of facilities over the requirements is not large and, inherently, there can be no certainty to these matters. On this basis, the directors consider it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustment that would result in a withdrawal of the support of the creditors, the bank or the shareholders.
2 Employees 2024
Number
Average number of persons employed by the company 2
3 Tangible fixed assets
Land and buildings
£
Cost
Additions 1,109,482
At 30 September 2024 1,109,482
Depreciation
At 30 September 2024 -
Net book value
At 30 September 2024 1,109,482
4 Debtors 2024
£
Other debtors 2,337
5 Creditors: amounts falling due within one year 2024
£
Bank loans and overdrafts 693,000
Trade creditors 11,322
Other creditors 565,334
1,269,656
6 Loans 2024
£
Creditors include:
Secured bank loans 693,000
The bank loans are secured on the assets of the company.
7 Other information
Dellans Farm Ltd is a private company limited by shares and incorporated in England. Its registered office is:
River Bank House
65A Bishopstoke Road
Eastleigh
Hampshire
SO50 6BF
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