Company Registration No. NI065850 (Northern Ireland)
Churchview Farm Limited
Unaudited accounts
for the year ended 31 August 2024
Churchview Farm Limited
Unaudited accounts
Contents
Churchview Farm Limited
Company Information
for the year ended 31 August 2024
Directors
Mr Cyril Foster
Mr Cecil Wilson
Company Number
NI065850 (Northern Ireland)
Registered Office
1 Church Street
Fintona
Tyrone
BT78 2BR
Accountants
A D Pottie & Co Ltd
1 Church Street
Fintona
Tyrone
BT78 2BR
Churchview Farm Limited
Statement of financial position
as at 31 August 2024
Intangible assets
21,585
28,780
Tangible assets
648,790
485,231
Investments
186,453
186,453
Inventories
259,439
209,875
Cash at bank and in hand
6,192
8
Creditors: amounts falling due within one year
(444,559)
(520,838)
Net current liabilities
(7,131)
(149,177)
Total assets less current liabilities
849,697
551,287
Creditors: amounts falling due after more than one year
(224,412)
(58,947)
Provisions for liabilities
Deferred tax
(5,000)
(5,000)
Net assets
620,285
487,340
Called up share capital
2
2
Profit and loss account
620,283
487,338
Shareholders' funds
620,285
487,340
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 May 2025 and were signed on its behalf by
Mr Cyril Foster
Director
Company Registration No. NI065850
Churchview Farm Limited
Notes to the Accounts
for the year ended 31 August 2024
Churchview Farm Limited is a private company, limited by shares, registered in Northern Ireland, registration number NI065850. The registered office is 1 Church Street, Fintona, Tyrone, BT78 2BR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
4% straight line
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
4
Intangible fixed assets
Goodwill
At 1 September 2023
143,900
At 1 September 2023
115,120
Churchview Farm Limited
Notes to the Accounts
for the year ended 31 August 2024
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 September 2023
267,065
1,044,172
13,500
1,324,737
Additions
62,500
186,030
-
248,530
Disposals
-
(4,000)
-
(4,000)
At 31 August 2024
329,565
1,226,202
13,500
1,569,267
At 1 September 2023
57,216
769,992
12,298
839,506
Charge for the year
13,183
68,598
300
82,081
On disposals
-
(1,110)
-
(1,110)
At 31 August 2024
70,399
837,480
12,598
920,477
At 31 August 2024
259,166
388,722
902
648,790
At 31 August 2023
209,849
274,180
1,202
485,231
6
Investments
Other investments
Valuation at 1 September 2023
186,453
Valuation at 31 August 2024
186,453
Amounts falling due within one year
Trade debtors
113,086
96,010
Accrued income and prepayments
19,800
26,400
8
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
77,106
17,976
Trade creditors
337,587
381,401
Taxes and social security
3,159
141
Loans from directors
24,299
89,079
Churchview Farm Limited
Notes to the Accounts
for the year ended 31 August 2024
9
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
112,960
-
10
Average number of employees
During the year the average number of employees was 2 (2023: 1).