Spinningdale Farm (Essex) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00792376 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

SPINNINGDALE FARM (ESSEX) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

B.G. Russell

D G Russell

SECRETARY:

B.G. Russell

REGISTERED OFFICE:

Spinningdale Farm, Heath Road

Ramsdon Heath

Billericay

Essex

CM11 1HR

REGISTERED NUMBER:

00792376 (England and Wales)

ACCOUNTANTS:

Clemence Hoar Cummings

Chartered Accountants

Riverside House

1-5 Como Street

Romford

Essex

RM7 7DN

FIXED ASSETS

Tangible assets

4

853

1,005

CURRENT ASSETS

Stocks

52,738

42,964

Debtors

5

2,074

2,190

Cash at bank and in hand

9,849

6,044

64,661

51,198

CREDITORS

Amounts falling due within one year

6

37,995

35,544

NET CURRENT ASSETS

26,666

15,654

TOTAL ASSETS LESS CURRENT
LIABILITIES

27,519

16,659

CAPITAL AND RESERVES

Called up share capital

2,000

Retained earnings

25,519

14,659

SHAREHOLDERS' FUNDS

27,519

16,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

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 17 April 2025 and were signed on its behalf by:

B.G. Russell - Director

1.	STATUTORY INFORMATION

Spinningdale Farm (Essex) 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.

Buildings

-

15% on reducing balance

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% 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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Buildings

machinery

fittings

vehicles

Totals

£

COST

At 1 March 2024

and 28 February 2025

30,203

26,013

3,476

1,300

60,992

DEPRECIATION

At 1 March 2024

30,203

25,331

3,153

1,300

59,987

Charge for year

-

103

49

-

152

At 28 February 2025

30,203

25,434

3,202

1,300

60,139

NET BOOK VALUE

At 28 February 2025

-

579

274

-

853

At 29 February 2024

-

682

323

-

1,005

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

120

-

Other debtors

1,954

2,190

2,074

2,190

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

295

1

Taxation and social security

1,284

56

Other creditors

36,416

35,487

37,995

35,544