3 3 Exmoor Game Farm Limited 10976101 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is the rearing of pheasant poults. Digita Accounts Production Advanced 6.30.9574.0 true true 10976101 2023-10-01 2024-09-30 10976101 2024-09-30 10976101 core:CurrentFinancialInstruments 2024-09-30 10976101 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 10976101 core:FurnitureFittings 2024-09-30 10976101 core:PlantMachinery 2024-09-30 10976101 1 2024-09-30 10976101 bus:SmallEntities 2023-10-01 2024-09-30 10976101 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10976101 bus:FilletedAccounts 2023-10-01 2024-09-30 10976101 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10976101 bus:RegisteredOffice 2023-10-01 2024-09-30 10976101 bus:Director2 2023-10-01 2024-09-30 10976101 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10976101 core:FurnitureFittings 2023-10-01 2024-09-30 10976101 core:PlantMachinery 2023-10-01 2024-09-30 10976101 countries:UnitedKingdom 2023-10-01 2024-09-30 10976101 1 2023-10-01 2024-09-30 10976101 2023-09-30 10976101 core:FurnitureFittings 2023-09-30 10976101 core:PlantMachinery 2023-09-30 10976101 1 2023-09-30 10976101 2022-10-01 2023-09-30 10976101 2023-09-30 10976101 core:CurrentFinancialInstruments 2023-09-30 10976101 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 10976101 core:FurnitureFittings 2023-09-30 10976101 core:PlantMachinery 2023-09-30 10976101 1 2023-09-30 10976101 1 2022-10-01 2023-09-30 10976101 1 2022-09-30 xbrli:pure iso4217:GBP

Registration number: 10976101

Exmoor Game Farm Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Exmoor Game Farm Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 6

 

Exmoor Game Farm Limited

(Registration number: 10976101)
Statement of Financial Position as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

23,544

27,147

Current assets

 

Debtors

5

1,539

-

Cash at bank and in hand

 

26,472

25,633

 

28,011

25,633

Creditors: Amounts falling due within one year

6

(100,897)

(106,182)

Net current liabilities

 

(72,886)

(80,549)

Net liabilities

 

(49,342)

(53,402)

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

(49,442)

(53,502)

Shareholders' deficit

 

(49,342)

(53,402)

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 and 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 Statement of Comprehensive Income.

Approved and authorised by the Board on 20 June 2025 and signed on its behalf by:
 


Jeremy Edwards
Director

 

Exmoor Game 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 United Kingdom.

The address of its registered office is:
47 Boutport Street
Barnstaple
Devon
EX31 1SQ

Principal activity

The principal activity of the company is the rearing of pheasant poults.

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.

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

Going concern

The company had net liabilities at 30 September 2024. The financial statements have been prepared on a going concern basis, on the basis that the main debt is owed to the directors and they have confirmed their ongoing support of the company.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

 

Exmoor Game Farm Limited

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

2

Accounting policies (continued)

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position 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.

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

Plant and machinery

16.67% straight line

Fixtures, fittings and equipment

16.67% straight line

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, 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. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

 

Exmoor Game Farm Limited

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

2

Accounting policies (continued)

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 October 2023

41,154

57,119

98,273

Additions

6,603

5,000

11,603

Disposals

-

(13,435)

(13,435)

At 30 September 2024

47,757

48,684

96,441

Depreciation

At 1 October 2023

33,703

37,423

71,126

Charge for the year

7,955

5,749

13,704

Eliminated on disposal

-

(11,933)

(11,933)

At 30 September 2024

41,658

31,239

72,897

Carrying amount

At 30 September 2024

6,099

17,445

23,544

At 30 September 2023

7,451

19,696

27,147

 

Exmoor Game Farm Limited

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

5

Debtors

2024
£

2023
£

Other debtors

1,539

-

1,539

-

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

-

180

Accruals and deferred income

10,300

10,131

Other creditors

90,597

95,871

100,897

106,182

7

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

8

Related party transactions

Transactions with directors

2024

At 1 October 2023
£

Advances to director
£

At 30 September 2024
£

The directors

(98,211)

6,853

(91,358)

       
     

 

2023

At 1 October 2022
£

Advances to director
£

At 30 September 2023
£

The directors

(96,411)

(1,800)

(98,211)

 

 

Exmoor Game Farm Limited

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

8

Related party transactions (continued)

Directors' loans are repayable on demand and subject to interest on overdrawn balances at the official rate.