Middle Stobswood Farm Limited 11569508 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is The principal activity of the company during the period was that of general farming. Digita Accounts Production Advanced 6.30.9574.0 true true 11569508 2023-10-01 2024-09-30 11569508 2024-09-30 11569508 core:RetainedEarningsAccumulatedLosses 2024-09-30 11569508 core:ShareCapital 2024-09-30 11569508 core:CurrentFinancialInstruments 2024-09-30 11569508 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 11569508 core:LandBuildings core:OwnedOrFreeholdAssets 2024-09-30 11569508 core:PlantMachinery 2024-09-30 11569508 bus:SmallEntities 2023-10-01 2024-09-30 11569508 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 11569508 bus:FilletedAccounts 2023-10-01 2024-09-30 11569508 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 11569508 bus:RegisteredOffice 2023-10-01 2024-09-30 11569508 bus:Director1 2023-10-01 2024-09-30 11569508 bus:Director2 2023-10-01 2024-09-30 11569508 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11569508 core:Land 2023-10-01 2024-09-30 11569508 core:LandBuildings core:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 11569508 core:PlantMachinery 2023-10-01 2024-09-30 11569508 countries:EnglandWales 2023-10-01 2024-09-30 11569508 2023-09-30 11569508 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 11569508 core:PlantMachinery 2023-09-30 11569508 2022-10-01 2023-09-30 11569508 2023-09-30 11569508 core:RetainedEarningsAccumulatedLosses 2023-09-30 11569508 core:ShareCapital 2023-09-30 11569508 core:CurrentFinancialInstruments 2023-09-30 11569508 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 11569508 core:LandBuildings core:OwnedOrFreeholdAssets 2023-09-30 11569508 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 11569508

Middle Stobswood Farm Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Middle Stobswood Farm Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Middle Stobswood Farm Limited

Company Information

Directors

D. Booth

Mrs G.M. Booth

Registered office

Middle Stobswood
Morpeth
Northumberland
NE61 3AZ

 

Middle Stobswood Farm Limited

(Registration number: 11569508)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

310,089

312,095

Current assets

 

Debtors

5

246

66

Cash at bank and in hand

 

15,682

17,635

 

15,928

17,701

Creditors: Amounts falling due within one year

6

(324,014)

(324,392)

Net current liabilities

 

(308,086)

(306,691)

Net assets

 

2,003

5,404

Capital and reserves

 

Called up share capital

100

100

Retained earnings

1,903

5,304

Shareholders' funds

 

2,003

5,404

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.

Directors' responsibilities:

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. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 June 2025 and signed on its behalf by:
 

.........................................
D. Booth
Director

 

Middle Stobswood Farm Limited

Notes to the Unaudited 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 and Wales.

The address of its registered office is:
Middle Stobswood
Morpeth
Northumberland
NE61 3AZ

These financial statements were authorised for issue by the Board on 10 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

These financial statements are prepared in sterling which is the functional currency of the entity.

Going concern

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

Tangible assets

Tangible assets are stated in the balance sheet 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.

 

Middle Stobswood Farm Limited

Notes to the Unaudited Financial Statements for the
Year Ended 30 September 2024 (continued)

2

Accounting policies (continued)

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

Land and buildings

No depreciation

Plant and machinery

10% Reducing balance

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Middle Stobswood Farm Limited

Notes to the Unaudited Financial Statements for the
Year Ended 30 September 2024 (continued)

4

Tangible assets

Land and buildings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 October 2023

292,034

29,498

321,532

At 30 September 2024

292,034

29,498

321,532

Depreciation

At 1 October 2023

-

9,437

9,437

Charge for the year

-

2,006

2,006

At 30 September 2024

-

11,443

11,443

Carrying amount

At 30 September 2024

292,034

18,055

310,089

At 30 September 2023

292,034

20,061

312,095

Included within the net book value of land and buildings above is £292,034 (2023 - £292,034) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Other debtors

246

66

 

246

66

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

-

378

Accruals and deferred income

500

500

Other creditors

323,514

323,514

324,014

324,392