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REGISTERED NUMBER: 04214402 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Field Place Farm Limited

Field Place Farm Limited (Registered number: 04214402)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Field Place Farm Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: A Strong
Mrs E Strong





SECRETARY: Mrs E Strong





REGISTERED OFFICE: Field Place Farm
Stairbridge Lane
Bolney
West Sussex
RH17 5PA





REGISTERED NUMBER: 04214402 (England and Wales)





ACCOUNTANTS: Style Accountants Limited
Bank House
Southwick Square
Southwick
West Sussex
BN42 4FN

Field Place Farm Limited (Registered number: 04214402)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 723,024 787,847

CURRENT ASSETS
Stocks 248,415 244,610
Debtors 5 81,005 34,718
Cash at bank and in hand 3,883 3,883
333,303 283,211
CREDITORS
Amounts falling due within one year 6 385,063 370,102
NET CURRENT LIABILITIES (51,760 ) (86,891 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

671,264

700,956

CREDITORS
Amounts falling due after more than one
year

7

230,080

290,588
NET ASSETS 441,184 410,368

CAPITAL AND RESERVES
Called up share capital 220 220
Share premium 179,880 179,880
Retained earnings 261,084 230,268
SHAREHOLDERS' FUNDS 441,184 410,368

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 directors acknowledge their 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.

Field Place Farm Limited (Registered number: 04214402)

Balance Sheet - continued
30 September 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 June 2025 and were signed on its behalf by:





A Strong - Director


Field Place Farm Limited (Registered number: 04214402)

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

1. STATUTORY INFORMATION

Field Place 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - in accordance with the property
Plant and machinery etc - 15% on reducing balance

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 5 ) .

Field Place Farm Limited (Registered number: 04214402)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 148,858 1,164,204 1,313,062
Additions - 39,800 39,800
Disposals - (105,000 ) (105,000 )
At 30 September 2024 148,858 1,099,004 1,247,862
DEPRECIATION
At 1 October 2023 26,676 498,539 525,215
Charge for year 7,442 74,846 82,288
Eliminated on disposal - (82,665 ) (82,665 )
At 30 September 2024 34,118 490,720 524,838
NET BOOK VALUE
At 30 September 2024 114,740 608,284 723,024
At 30 September 2023 122,182 665,665 787,847

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2023
and 30 September 2024 573,991
DEPRECIATION
At 1 October 2023 236,883
Charge for year 22,316
At 30 September 2024 259,199
NET BOOK VALUE
At 30 September 2024 314,792
At 30 September 2023 337,108

Field Place Farm Limited (Registered number: 04214402)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 76,727 30,518
Other debtors 4,278 4,200
81,005 34,718

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 20,786 93,865
Hire purchase contracts 55,084 62,084
Trade creditors 108,071 45,057
Taxation and social security 1,261 9,411
Other creditors 199,861 159,685
385,063 370,102

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 159,330 169,753
Hire purchase contracts 70,750 120,835
230,080 290,588

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 104,522 114,945