Silverfin false false 31/03/2024 01/04/2023 31/03/2024 R H Goring P A Goring 03 June 2025 The Company is a member of a partnership whose principal activity is that of an agricultural estate. 00549173 2024-03-31 00549173 2023-03-31 00549173 core:CurrentFinancialInstruments 2024-03-31 00549173 core:CurrentFinancialInstruments 2023-03-31 00549173 core:Non-currentFinancialInstruments 2024-03-31 00549173 core:Non-currentFinancialInstruments 2023-03-31 00549173 core:ShareCapital 2024-03-31 00549173 core:ShareCapital 2023-03-31 00549173 core:RetainedEarningsAccumulatedLosses 2024-03-31 00549173 core:RetainedEarningsAccumulatedLosses 2023-03-31 00549173 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 00549173 core:OtherResidualIntangibleAssets 2023-03-31 00549173 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 00549173 core:OtherResidualIntangibleAssets 2024-03-31 00549173 core:LandBuildings 2023-03-31 00549173 core:ConstructionInProgressAssetsUnderConstruction 2023-03-31 00549173 core:PlantMachinery 2023-03-31 00549173 core:Vehicles 2023-03-31 00549173 core:OtherPropertyPlantEquipment 2023-03-31 00549173 core:LandBuildings 2024-03-31 00549173 core:ConstructionInProgressAssetsUnderConstruction 2024-03-31 00549173 core:PlantMachinery 2024-03-31 00549173 core:Vehicles 2024-03-31 00549173 core:OtherPropertyPlantEquipment 2024-03-31 00549173 core:CostValuation 2023-03-31 00549173 core:AdditionsToInvestments 2024-03-31 00549173 core:FurtherSpecificIncreaseDecreaseInInvestments2ComponentTotalChangeInInvestments 2024-03-31 00549173 core:CostValuation 2024-03-31 00549173 2023-04-01 2024-03-31 00549173 bus:FilletedAccounts 2023-04-01 2024-03-31 00549173 bus:SmallEntities 2023-04-01 2024-03-31 00549173 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 00549173 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00549173 bus:Director1 2023-04-01 2024-03-31 00549173 bus:Director2 2023-04-01 2024-03-31 00549173 2022-04-01 2023-03-31 00549173 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 1 2023-04-01 2024-03-31 00549173 core:OtherResidualIntangibleAssets 1 2023-04-01 2024-03-31 00549173 1 2023-04-01 2024-03-31 00549173 core:LandBuildings 1 2023-04-01 2024-03-31 00549173 core:ConstructionInProgressAssetsUnderConstruction 1 2023-04-01 2024-03-31 00549173 core:PlantMachinery 1 2023-04-01 2024-03-31 00549173 core:Vehicles 1 2023-04-01 2024-03-31 00549173 core:OtherPropertyPlantEquipment 1 2023-04-01 2024-03-31 00549173 core:Non-currentFinancialInstruments 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Company No: 00549173 (England and Wales)

FINDON PARK FARM LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

FINDON PARK FARM LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

FINDON PARK FARM LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
FINDON PARK FARM LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTORS R H Goring
P A Goring
SECRETARY P A Goring
REGISTERED OFFICE Wiston Estate Office
Wiston Park
Steyning
West Sussex
BN44 3DD
United Kingdom
COMPANY NUMBER 00549173 (England and Wales)
ACCOUNTANT S&W Partners (East) LLP
Stonecross
Trumpington High Street
Cambridge
CB2 9SU
FINDON PARK FARM LIMITED

BALANCE SHEET

As at 31 March 2024
FINDON PARK FARM LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 0 20,417
Tangible assets 4 0 6,677,829
Investments 5 2,255,543 35,741
2,255,543 6,733,987
Current assets
Stocks 6 0 3,502,322
Debtors 7 0 1,022,442
Cash at bank and in hand 0 26,706
0 4,551,470
Creditors: amounts falling due within one year 8 ( 4,082) ( 3,179,587)
Net current (liabilities)/assets (4,082) 1,371,883
Total assets less current liabilities 2,251,461 8,105,870
Creditors: amounts falling due after more than one year 9 0 ( 5,845,619)
Provision for liabilities ( 8,935) ( 148,345)
Net assets 2,242,526 2,111,906
Capital and reserves
Called-up share capital 1,000 1,000
Profit and loss account 2,241,526 2,110,906
Total shareholders' funds 2,242,526 2,111,906

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Findon Park Farm Limited (registered number: 00549173) were approved and authorised for issue by the Board of Directors on 03 June 2025. They were signed on its behalf by:

R H Goring
Director
FINDON PARK FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
FINDON PARK FARM LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Findon Park Farm Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wiston Estate Office, Wiston Park, Steyning, West Sussex, BN44 3DD, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Findon Park Farm Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

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

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise on monetary items.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Fixed asset investments

The Company's investment in Wiston Estate Partnership includes the net book value of all assets transferred to the Partnership. The Company's share of the partnership's profit or loss is also recognised at each financial year end.

Financial instruments

**Classification**

All financial instruments are classified as basic.

**Recognition and measurement**

The Company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 51

3. Intangible assets

Development costs Other intangible assets Total
£ £ £
Cost
At 01 April 2023 40,650 2,702 43,352
Transfer to Partnership ( 40,650) ( 2,702) ( 43,352)
At 31 March 2024 0 0 0
Accumulated amortisation
At 01 April 2023 20,233 2,702 22,935
Transfer to Partnership ( 20,233) ( 2,702) ( 22,935)
At 31 March 2024 0 0 0
Net book value
At 31 March 2024 0 0 0
At 31 March 2023 20,417 0 20,417

4. Tangible assets

Land and buildings Assets under construc-
tion
Plant and machinery Vehicles Other property, plant
and equipment
Total
£ £ £ £ £ £
Cost
At 01 April 2023 879,099 5,821,059 1,504,398 98,383 221,217 8,524,156
Transfer to Partnership ( 879,099) ( 5,821,059) ( 1,504,398) ( 98,383) ( 221,217) ( 8,524,156)
At 31 March 2024 0 0 0 0 0 0
Accumulated depreciation
At 01 April 2023 551,967 0 1,120,558 67,302 106,500 1,846,327
Transfer to Partnership ( 551,967) 0 ( 1,120,558) ( 67,302) ( 106,500) ( 1,846,327)
At 31 March 2024 0 0 0 0 0 0
Net book value
At 31 March 2024 0 0 0 0 0 0
At 31 March 2023 327,132 5,821,059 383,840 31,081 114,717 6,677,829

5. Fixed asset investments

Other investments Total
£ £
Cost or valuation before impairment
At 01 April 2023 35,741 35,741
Additions 2,260,251 2,260,251
Transfer to Partnership ( 35,741) ( 35,741)
Partnership profit (loss) share (4,708) (4,708)
At 31 March 2024 2,255,543 2,255,543
Carrying value at 31 March 2024 2,255,543 2,255,543
Carrying value at 31 March 2023 35,741 35,741

6. Stocks

2024 2023
£ £
Stocks 0 3,386,775
Work in progress 0 115,547
0 3,502,322

7. Debtors

2024 2023
£ £
Trade debtors 0 518,370
Other debtors 0 504,072
0 1,022,442

8. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 0 645,636
Trade creditors 0 1,511,156
Taxation and social security 1,082 219,293
Obligations under finance leases and hire purchase contracts 0 4,600
Other creditors 3,000 798,902
4,082 3,179,587

9. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 0 5,722,199
Obligations under finance leases and hire purchase contracts 0 18,400
Other creditors 0 105,020
0 5,845,619

There are no amounts included above in respect of which any security has been given by the small entity.

10. Related party transactions

Included within disposal of fixed asset investments is 5% of the loss made in Wiston Estate, in which Findon Park Farm Limited is a partner.