Silverfin false false 31/12/2024 01/01/2024 31/12/2024 Mrs C Down 31/03/2014 Mr R J Down 31/03/2014 26 June 2025 The principal activity of the Company during the financial period is that of wedding venue hire service. 08967004 2024-12-31 08967004 bus:Director1 2024-12-31 08967004 bus:Director2 2024-12-31 08967004 2023-12-31 08967004 core:CurrentFinancialInstruments 2024-12-31 08967004 core:CurrentFinancialInstruments 2023-12-31 08967004 core:Non-currentFinancialInstruments 2024-12-31 08967004 core:Non-currentFinancialInstruments 2023-12-31 08967004 core:ShareCapital 2024-12-31 08967004 core:ShareCapital 2023-12-31 08967004 core:RetainedEarningsAccumulatedLosses 2024-12-31 08967004 core:RetainedEarningsAccumulatedLosses 2023-12-31 08967004 core:ComputerSoftware 2023-12-31 08967004 core:ComputerSoftware 2024-12-31 08967004 core:LandBuildings 2023-12-31 08967004 core:PlantMachinery 2023-12-31 08967004 core:FurnitureFittings 2023-12-31 08967004 core:OfficeEquipment 2023-12-31 08967004 core:LandBuildings 2024-12-31 08967004 core:PlantMachinery 2024-12-31 08967004 core:FurnitureFittings 2024-12-31 08967004 core:OfficeEquipment 2024-12-31 08967004 core:MoreThanFiveYears 2024-12-31 08967004 core:MoreThanFiveYears 2023-12-31 08967004 bus:OrdinaryShareClass1 2024-12-31 08967004 2024-01-01 2024-12-31 08967004 bus:FilletedAccounts 2024-01-01 2024-12-31 08967004 bus:SmallEntities 2024-01-01 2024-12-31 08967004 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 08967004 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 08967004 bus:Director1 2024-01-01 2024-12-31 08967004 bus:Director2 2024-01-01 2024-12-31 08967004 core:ComputerSoftware core:TopRangeValue 2024-01-01 2024-12-31 08967004 core:LandBuildings core:TopRangeValue 2024-01-01 2024-12-31 08967004 core:PlantMachinery 2024-01-01 2024-12-31 08967004 core:FurnitureFittings 2024-01-01 2024-12-31 08967004 core:OfficeEquipment 2024-01-01 2024-12-31 08967004 2023-01-01 2023-12-31 08967004 core:ComputerSoftware 2024-01-01 2024-12-31 08967004 core:LandBuildings 2024-01-01 2024-12-31 08967004 core:CurrentFinancialInstruments 2024-01-01 2024-12-31 08967004 core:Non-currentFinancialInstruments 2024-01-01 2024-12-31 08967004 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 08967004 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08967004 (England and Wales)

UPTON BARN & WALLED GARDEN LIMITED

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

UPTON BARN & WALLED GARDEN LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

UPTON BARN & WALLED GARDEN LIMITED

BALANCE SHEET

As at 31 December 2024
UPTON BARN & WALLED GARDEN LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 72,911 40,565
Tangible assets 4 1,271,666 1,159,064
1,344,577 1,199,629
Current assets
Stocks 10,343 6,300
Debtors 5 17,234 27,718
Cash at bank and in hand 201,279 315,953
228,856 349,971
Creditors: amounts falling due within one year 6 ( 390,109) ( 512,432)
Net current liabilities (161,253) (162,461)
Total assets less current liabilities 1,183,324 1,037,168
Creditors: amounts falling due after more than one year 7 ( 217,442) ( 256,511)
Provision for liabilities ( 124,027) ( 107,638)
Net assets 841,855 673,019
Capital and reserves
Called-up share capital 8 1,000 1,000
Profit and loss account 840,855 672,019
Total shareholders' funds 841,855 673,019

For the financial year ending 31 December 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 Upton Barn & Walled Garden Limited (registered number: 08967004) were approved and authorised for issue by the Board of Directors on 26 June 2025. They were signed on its behalf by:

Mr R J Down
Director
UPTON BARN & WALLED GARDEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
UPTON BARN & WALLED GARDEN LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 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

Upton Barn & Walled Garden 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 Ground Floor Blackbrook Gate 1, Blackbrook Business Park, Taunton, TA1 2PX, United Kingdom.

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

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

Notwithstanding the net current liability position of £161,253 as at 31 December 2024 (2023 - £162,461), the directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of goods and services in the ordinary course of the company's activates. Turnover is shown net of value added tax, rebates and discounts and is recognised when the goods and services have been delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life. Computer software costs are not amortised until the software has been fully developed and brought into use. Amortisation rates are as follows:

Computer software 10 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 50 years straight line
Plant and machinery 25 % reducing balance
Fixtures and fittings 10 % reducing balance
Office equipment 10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 19 19

3. Intangible assets

Computer software Total
£ £
Cost
At 01 January 2024 43,753 43,753
Additions 38,691 38,691
At 31 December 2024 82,444 82,444
Accumulated amortisation
At 01 January 2024 3,188 3,188
Charge for the financial year 6,345 6,345
At 31 December 2024 9,533 9,533
Net book value
At 31 December 2024 72,911 72,911
At 31 December 2023 40,565 40,565

4. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Office equipment Total
£ £ £ £ £
Cost
At 01 January 2024 1,085,820 224,616 158,713 6,935 1,476,084
Additions 133,716 8,976 31,941 1,969 176,602
At 31 December 2024 1,219,536 233,592 190,654 8,904 1,652,686
Accumulated depreciation
At 01 January 2024 125,523 130,691 59,815 991 317,020
Charge for the financial year 24,371 25,747 13,089 793 64,000
At 31 December 2024 149,894 156,438 72,904 1,784 381,020
Net book value
At 31 December 2024 1,069,642 77,154 117,750 7,120 1,271,666
At 31 December 2023 960,297 93,925 98,898 5,944 1,159,064

5. Debtors

2024 2023
£ £
Trade debtors 1,661 17,101
Prepayments and accrued income 15,573 10,569
Other debtors 0 48
17,234 27,718

6. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 39,069 37,372
Trade creditors 16,815 19,922
Amounts owed to directors 10,551 11,520
Accruals and deferred income 244,358 371,580
Corporation tax 55,605 30,994
Other taxation and social security 10,202 27,134
Other creditors 13,509 13,910
390,109 512,432

Creditors due within one year includes bank loans of £39,069 (2023 - £37,372), on which there is a fixed and floating charge on all property and assets held by the company.

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

2024 2023
£ £
Bank loans (secured) 217,442 256,511

Creditors due after more than one year includes bank loans of £217,442 (2023 - £256,511), on which there is a fixed and floating charge on all property and assets held by the company.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

2024 2023
£ £
Bank loans (repayable by instalments) 80,409 109,028

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each 1,000 1,000