Chute Forest Limited 03215275 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is arable farming. Digita Accounts Production Advanced 6.30.9574.0 true true 03215275 2023-10-01 2024-09-30 03215275 2024-09-30 03215275 core:RetainedEarningsAccumulatedLosses 2024-09-30 03215275 core:ShareCapital 2024-09-30 03215275 core:SharePremium 2024-09-30 03215275 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 03215275 bus:SmallEntities 2023-10-01 2024-09-30 03215275 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 03215275 bus:FullAccounts 2023-10-01 2024-09-30 03215275 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03215275 bus:RegisteredOffice 2023-10-01 2024-09-30 03215275 bus:Director1 2023-10-01 2024-09-30 03215275 bus:Director2 2023-10-01 2024-09-30 03215275 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03215275 core:FurnitureFittings 2023-10-01 2024-09-30 03215275 core:PlantMachinery 2023-10-01 2024-09-30 03215275 countries:England 2023-10-01 2024-09-30 03215275 2022-10-01 2023-09-30 03215275 2023-09-30 03215275 core:RetainedEarningsAccumulatedLosses 2023-09-30 03215275 core:ShareCapital 2023-09-30 03215275 core:SharePremium 2023-09-30 03215275 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 03215275

Chute Forest Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 September 2024

 

Chute Forest Limited

Contents

Abridged Balance Sheet

1

Notes to the Unaudited Abridged Financial Statements

2 to 3

 

Chute Forest Limited

(Registration number: 03215275)
Abridged Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

849,000

849,000

Other financial assets

15

15

 

849,015

849,015

Current assets

 

Stocks

37,253

60,686

Debtors

150,881

143,838

Cash at bank and in hand

 

45,832

23,043

 

233,966

227,567

Creditors: Amounts falling due within one year

(304,338)

(277,532)

Net current liabilities

 

(70,372)

(49,965)

Net assets

 

778,643

799,050

Capital and reserves

 

Called up share capital

100,000

100,000

Share premium reserve

800,002

800,002

Profit and loss account

(121,359)

(100,952)

Total equity

 

778,643

799,050

For the financial year ending 30 September 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 of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 2 June 2025 and signed on its behalf by:
 

The Honourable Catriona Rose Guinness
Director

The Honourable Finn Benjamin Guinness
Director

 
     
 

Chute Forest Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Forest House
Chute Forest
Andover
Hampshire
SP11 9DS

These financial statements were authorised for issue by the Board on 2 June 2025.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Tax

Current tax is calculated at the amounts expected to be paid or recorded using the tax rates and levies that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exception:

Deferred tax assets are only recognised to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the statement of financial position date.


 

Chute Forest Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 September 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & Machinery

20% reducing balance

Motor Vehicles

25% reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).