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Company No: 13594794 (England and Wales)

LANGFORD BRIDGE LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

LANGFORD BRIDGE LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

LANGFORD BRIDGE LIMITED

BALANCE SHEET

As at 31 March 2025
LANGFORD BRIDGE LIMITED

BALANCE SHEET (continued)

As at 31 March 2025
Note 31.03.2025 31.03.2024
£ £
Fixed assets
Intangible assets 3 3 3
Tangible assets 4 229,606 216,378
229,609 216,381
Current assets
Stocks 5 22,538 24,491
Debtors 6 1,188 1,655
Cash at bank and in hand 6,809 4,586
30,535 30,732
Creditors: amounts falling due within one year 7 ( 302,527) ( 280,358)
Net current liabilities (271,992) (249,626)
Total assets less current liabilities (42,383) (33,245)
Net liabilities ( 42,383) ( 33,245)
Capital and reserves
Called-up share capital 8 3 3
Profit and loss account ( 42,386 ) ( 33,248 )
Total shareholders' deficit ( 42,383) ( 33,245)

For the financial year ending 31 March 2025 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 LANGFORD BRIDGE LIMITED (registered number: 13594794) were approved and authorised for issue by the Board of Directors on 10 July 2025. They were signed on its behalf by:

Miss A F Rew
Director
LANGFORD BRIDGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
LANGFORD BRIDGE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
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

LANGFORD BRIDGE 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 Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF. The principal place of business is Langford Bridge Farm, Abbotskerswell, Newton Abbot, Devon, TQ12 5LA.

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

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors notes that the business has net liabilities of £42,383. The company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met 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 is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.
Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

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 as follows:

Goodwill 10 years straight line
Entitlements 2 years straight line
Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 10 years.

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, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 20 % 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 realisable value, estimated as necessary. Cost, in respect of own-bred animals, has been taken as an appropriate percentage of estimated market value.

2. Employees

31.03.2025 31.03.2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Intangible assets

Goodwill Entitlements Total
£ £ £
Cost
At 01 April 2024 5 10,778 10,783
Disposals 0 ( 10,778) ( 10,778)
At 31 March 2025 5 0 5
Accumulated amortisation
At 01 April 2024 2 10,778 10,780
Disposals 0 ( 10,778) ( 10,778)
At 31 March 2025 2 0 2
Net book value
At 31 March 2025 3 0 3
At 31 March 2024 3 0 3

4. Tangible assets

Land and buildings Plant and machinery Total
£ £ £
Cost
At 01 April 2024 216,377 1 216,378
Additions 13,228 0 13,228
At 31 March 2025 229,605 1 229,606
Accumulated depreciation
At 01 April 2024 0 0 0
At 31 March 2025 0 0 0
Net book value
At 31 March 2025 229,605 1 229,606
At 31 March 2024 216,377 1 216,378

5. Stocks

31.03.2025 31.03.2024
£ £
Stocks 4,838 501
Livestock 17,700 23,990
22,538 24,491

6. Debtors

31.03.2025 31.03.2024
£ £
Other debtors 1,188 1,655

7. Creditors: amounts falling due within one year

31.03.2025 31.03.2024
£ £
Amounts owed to directors 279,399 258,058
Other loans 20,000 20,000
Accruals 3,128 2,300
302,527 280,358

8. Called-up share capital

31.03.2025 31.03.2024
£ £
Allotted, called-up and fully-paid
300 Ordinary shares shares of £ 0.01 each 3 3