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REGISTERED NUMBER: 03827601 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 September 2024

for

Marsh Court Farm Limited

Marsh Court Farm Limited (Registered number: 03827601)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Marsh Court Farm Limited

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mrs L R Hobson





SECRETARY: Mrs L R Hobson





REGISTERED OFFICE: Marsh Court
Bridgend
Eldersfield
Gloucester
GL19 4PN





REGISTERED NUMBER: 03827601 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Alexandra House
43 Alexandra St
Nottingham
Nottinghamshire
NG5 1AY

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Marsh Court Farm Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Marsh Court Farm Limited for the year ended 30 September 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Marsh Court Farm Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Marsh Court Farm Limited and state those matters that we have agreed to state to the director of Marsh Court Farm Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Marsh Court Farm Limited and its director for our work or for this report.

It is your duty to ensure that Marsh Court Farm Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Marsh Court Farm Limited. You consider that Marsh Court Farm Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Marsh Court Farm Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Alexandra House
43 Alexandra St
Nottingham
Nottinghamshire
NG5 1AY


3 June 2025

Marsh Court Farm Limited (Registered number: 03827601)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 3,966,055 3,984,960
Investment property 5 690,000 690,000
4,656,055 4,674,960

CURRENT ASSETS
Stocks 33,900 50,500
Debtors 6 124,313 135,418
Cash at bank 126,010 118,863
284,223 304,781
CREDITORS
Amounts falling due within one year 7 2,701,276 2,702,545
NET CURRENT LIABILITIES (2,417,053 ) (2,397,764 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,239,002

2,277,196

CREDITORS
Amounts falling due after more than one
year

8

696,622

767,685
NET ASSETS 1,542,380 1,509,511

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 1,991,152 1,991,152
Retained earnings (448,774 ) (481,643 )
1,542,380 1,509,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 3 June 2025 and were signed by:




Mrs L R Hobson - Director


Marsh Court Farm Limited (Registered number: 03827601)

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

1. STATUTORY INFORMATION

Marsh Court Farm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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, with the exception of investment properties held at valuation.

The financial statements are prepared in sterling, which is the functional currency of the entity, rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Arable, orchard and livestock revenue is recognised when risk is transferred.

Basic payment is recognised on the performance basis.

Property development sales are recognised on exchange of contract.

Property development transferred to investment property is recognised when the development work is completed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and Buildings - Land not depreciated. Buildings 1% cost
Improvements to property - 15% straight line
Plant and machinery - 5% on cost and 10% on straight line
Motor vehicles - 10% on cost

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Arable crops in store and livestock are valued at market value.

Stores and raw materials are valued at purchase price.

The arable crops in store, any growing crops and livestock are biological assets.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Marsh Court Farm Limited (Registered number: 03827601)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Improvements
Land and to Plant and Motor
Buildings property machinery vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023
and 30 September 2024 3,507,435 511,297 150,071 2,629 4,171,432
DEPRECIATION
At 1 October 2023 - 98,746 85,097 2,629 186,472
Charge for year - 12,096 6,809 - 18,905
At 30 September 2024 - 110,842 91,906 2,629 205,377
NET BOOK VALUE
At 30 September 2024 3,507,435 400,455 58,165 - 3,966,055
At 30 September 2023 3,507,435 412,551 64,974 - 3,984,960

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 690,000
NET BOOK VALUE
At 30 September 2024 690,000
At 30 September 2023 690,000

The investment property was valued on an open market basis by the directors. Based on current market conditions the directors are of the opinion that there has been no change in valuation during the year.

Marsh Court Farm Limited (Registered number: 03827601)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 34,550 42,593
Amounts owed by group undertakings 13,875 13,841
Other debtors 75,888 78,984
124,313 135,418

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 71,442 62,267
Trade creditors 4,689 3,234
Amounts owed to group undertakings 2,175,460 2,175,528
Taxation and social security 18,729 26,637
Other creditors 430,956 434,879
2,701,276 2,702,545

The bank loans are secured against land and property owned by the company. Hire purchase creditors are secured against the relevant assets.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 521,622 592,685
Other creditors 175,000 175,000
696,622 767,685

Included within creditors: amounts falling due after more than one year is an amount of £233,038 (2023 - £307,412) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

Bank loans are repayable by monthly instalments in accordance with their contractual terms.

9. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 1,991,152

10. RELATED PARTY DISCLOSURES

Within creditors, there are interest free amounts due to directors and other connected parties totalling £409,054 (2023 - £413,251).