Company registration number 00559781 (England and Wales)
BOCKHANGER FARMS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
BOCKHANGER FARMS LIMITED
COMPANY INFORMATION
Directors
Mr P Howard
Mrs P Howard
Mr A Howard
P Trow
Company number
00559781
Registered office
Oaklands Farm
Hothfield
Ashford
Kent
United Kingdom
Accountants
Azets
5th Floor
Ashford Commercial Quarter
1 Dover Place
Ashford
Kent
United Kingdom
TN23 1FB
Business address
Oaklands Farm
Hothfield
Ashford
Kent
United Kingdom
BOCKHANGER FARMS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
BOCKHANGER FARMS LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Fishing rights
4
10,000
10,000
Tangible assets
5
1,400,891
1,396,904
Investments
146
146
1,411,037
1,407,050
Current assets
Farm valuation
232,629
250,856
Debtors
6
100,566
90,890
Investments
1
1
Cash at bank and in hand
61,869
45,117
395,065
386,864
Creditors: amounts falling due within one year
7
(251,379)
(189,642)
Net current assets
143,686
197,222
Total assets less current liabilities
1,554,723
1,604,272
Creditors: amounts falling due after more than one year
8
(207,595)
(218,395)
Provisions for liabilities
(22,297)
(20,463)
Net assets
1,324,831
1,365,414
Capital and reserves
Called up share capital
10
100
100
Revaluation reserve
11
80,000
80,000
Other reserves
204,408
204,408
Profit and loss reserves
1,040,323
1,080,906
Total equity
1,324,831
1,365,414

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

BOCKHANGER FARMS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 19 May 2025 and are signed on its behalf by:
Mr P Howard
Mrs P Howard
Mr A Howard
Director
Director
Director
Company Registration No. 00559781
BOCKHANGER FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Bockhanger Farms Limited is a private company limited by shares incorporated in England and Wales. The registered office is Oaklands Farm, Hothfield, Ashford, Kent, United Kingdom.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover
Turnover represents the value of goods sold and services supplied in the UK net of VAT and trade discounts.
1.3
Intangible fixed assets

Fishing rights are included at cost which is considered the best estimate of fair value.

 

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings
2%/5% p.a. on straight line basis
Plant and machinery
20% p.a. on written down value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

BOCKHANGER FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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. Financial liabilities classified as payable within one year are not amortised.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.9
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

 

BOCKHANGER FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 5 -
1.10
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 4 (2023 - 4).

2024
2023
Number
Number
Total
4
4
3
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
5,597
15,221
Deferred tax
Origination and reversal of timing differences
1,834
(5,117)
Total tax charge
7,431
10,104
4
Intangible fixed assets
Fishing Rights
£
Cost
At 1 January 2024 and 31 December 2024
10,000
Amortisation and impairment
At 1 January 2024 and 31 December 2024
-
0
Carrying amount
At 31 December 2024
10,000
At 31 December 2023
10,000
BOCKHANGER FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
5
Tangible fixed assets
Land and buildings
Plant and machinery
Total
£
£
£
Cost
At 1 January 2024
1,496,688
816,591
2,313,279
Additions
-
0
39,000
39,000
Disposals
-
0
(6,750)
(6,750)
At 31 December 2024
1,496,688
848,841
2,345,529
Depreciation and impairment
At 1 January 2024
207,484
708,891
916,375
Depreciation charged in the year
5,663
29,335
34,998
Eliminated in respect of disposals
-
0
(6,735)
(6,735)
At 31 December 2024
213,147
731,491
944,638
Carrying amount
At 31 December 2024
1,283,541
117,350
1,400,891
At 31 December 2023
1,289,204
107,700
1,396,904

The land and buildings were revalued in 1985 at market value on an existing use basis. The directors have not adopted a policy of continued revaluations.

6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
78,506
76,517
Other debtors
22,060
14,373
100,566
90,890
BOCKHANGER FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
9,299
9,299
Trade creditors
39,272
9,356
Corporation tax
5,597
15,221
Other taxation and social security
1,058
3,177
Other creditors
183,206
142,624
Accruals and deferred income
12,947
9,965
251,379
189,642

Bank loans and overdrafts amounting to £9,299 (2023: £9.299) are secured by a fixed and floating charge over the company's assets.

 

 

 

 

8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
207,595
218,395

The aggregate amount of creditors for which security has been given amounted to £216,894

(2023 - £227,694).

Amounts included above which fall due after five years are as follows:
Payable by instalments
168,000
178,801
9
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
22,297
20,463
10
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
100
100
100
100
11
Revaluation reserve
BOCKHANGER FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
11
Revaluation reserve
(Continued)
- 8 -
2024
2023
£
£
At the beginning and end of the year
80,000
80,000
The revaluation reserve represents the revaluation of leasehold property.
12
Other
2024
2023
£
£
At the beginning and end of the year
204,408
204,408

Other reserves represent the valuation of freehold gifted to the company less an amount for transfer on demerger.

13
Related party transactions

As at the year end the directors were owed an amount of £166,452 (2023 - £112,642).

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