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REGISTERED NUMBER: 00651481 (England and Wales)















COURTYARD FARM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






COURTYARD FARM LIMITED (REGISTERED NUMBER: 00651481)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


COURTYARD FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Ms C Wedd
Mr J Mond Wedd
Mrs B D C C Abrego





SECRETARY: Ms C Wedd





REGISTERED OFFICE: Courtyard Farm
Ringstead
Norfolk
PE36 5LQ





REGISTERED NUMBER: 00651481 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR

COURTYARD FARM LIMITED (REGISTERED NUMBER: 00651481)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 474,341 499,166
Investments 6 18,861 18,861
Investment property 7 400,000 400,000
893,202 918,027

CURRENT ASSETS
Valuation 111,486 39,816
Debtors 8 128,354 143,364
Cash in hand 300 300
240,140 183,480
CREDITORS
Amounts falling due within one year 9 340,367 469,597
NET CURRENT LIABILITIES (100,227 ) (286,117 )
TOTAL ASSETS LESS CURRENT LIABILITIES 792,975 631,910

CREDITORS
Amounts falling due after more than one year 10 (293,565 ) (132,599 )

PROVISIONS FOR LIABILITIES - (29,433 )
NET ASSETS 499,410 469,878

CAPITAL AND RESERVES
Called up share capital 12 40,000 40,000
Revaluation reserve 400,000 370,567
Retained earnings 59,410 59,311
SHAREHOLDERS' FUNDS 499,410 469,878

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.

COURTYARD FARM LIMITED (REGISTERED NUMBER: 00651481)

STATEMENT OF FINANCIAL POSITION - 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 and authorised for issue by the Board of Directors and authorised for issue on 16 June 2025 and were signed on its behalf by:





Mr J Mond Wedd - Director


COURTYARD FARM LIMITED (REGISTERED NUMBER: 00651481)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Courtyard 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 represents net invoiced sales of produce and work done, excluding value added tax. Sales of produce are recognised upon despatch. Revenue from work done is recognised on the day of completion of the work.

The single Farm Payment is recognised in the financial statements in accordance with current H.M. Revenue & Customs guidance.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements are being amortised evenly over their estimated useful life of five years.

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 - 2% on cost
Plant and machinery etc - 50% on cost, 25% on reducing balance, 15% on reducing balance and 10% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 estimated selling price, less costs to complete and sell after making due allowance for obsolete and slow moving items.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3. EMPLOYEES AND DIRECTORS

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

COURTYARD FARM LIMITED (REGISTERED NUMBER: 00651481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 58,813
AMORTISATION
At 1 October 2023
and 30 September 2024 58,813
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 380,945 558,273 939,218
Additions - 2,950 2,950
Disposals - (8,750 ) (8,750 )
Reclassification 106,225 (106,225 ) -
At 30 September 2024 487,170 446,248 933,418
DEPRECIATION
At 1 October 2023 128,142 311,910 440,052
Charge for year 5,819 21,080 26,899
Eliminated on disposal - (7,874 ) (7,874 )
At 30 September 2024 133,961 325,116 459,077
NET BOOK VALUE
At 30 September 2024 353,209 121,132 474,341
At 30 September 2023 252,803 246,363 499,166

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2024 2023
£    £   
Trade investments 18,861 18,861

COURTYARD FARM LIMITED (REGISTERED NUMBER: 00651481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 400,000
NET BOOK VALUE
At 30 September 2024 400,000
At 30 September 2023 400,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 5,949 10,631
Other debtors 122,405 132,733
128,354 143,364

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 78,794 270,325
Hire purchase contracts 12,271 12,271
Trade creditors 74,268 41,655
Taxation and social security 659 2,411
Other creditors 174,375 142,935
340,367 469,597

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 272,723 99,907
Hire purchase contracts 20,842 32,692
293,565 132,599

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 243,611 51,923

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 52,212 245,292
Bank loans 299,305 124,940
351,517 370,232

COURTYARD FARM LIMITED (REGISTERED NUMBER: 00651481)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 'A' Ordinary £1 100 100
39,900 'B' Ordinary £1 39,900 39,900
40,000 40,000