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REGISTERED NUMBER: 05156844 (England and Wales)















LITTLE PENARTH FARM LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST OCTOBER 2024






LITTLE PENARTH FARM LIMITED (REGISTERED NUMBER: 05156844)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


LITTLE PENARTH FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST OCTOBER 2024







DIRECTOR: T W Neale





REGISTERED OFFICE: Little Penarth Farm
Llanishen
Chepstow
NP16 6QQ





REGISTERED NUMBER: 05156844 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

LITTLE PENARTH FARM LIMITED (REGISTERED NUMBER: 05156844)

BALANCE SHEET
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 756,314 777,296
Investment property 5 260,100 260,100
1,016,414 1,037,396

CURRENT ASSETS
Debtors 6 4,706 3,199
Cash at bank and in hand 8,325 2,780
13,031 5,979
CREDITORS
Amounts falling due within one year 7 581,456 597,168
NET CURRENT LIABILITIES (568,425 ) (591,189 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

447,989

446,207

CREDITORS
Amounts falling due after more than one
year

8

(103,352

)

(117,393

)

PROVISIONS FOR LIABILITIES (21,791 ) (25,780 )
NET ASSETS 322,846 303,034

LITTLE PENARTH FARM LIMITED (REGISTERED NUMBER: 05156844)

BALANCE SHEET - continued
31ST OCTOBER 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 2,000 2,000
Revaluation reserve 10 82,374 82,374
Retained earnings 238,472 218,660
SHAREHOLDERS' FUNDS 322,846 303,034

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th July 2025 and were signed by:





T W Neale - Director


LITTLE PENARTH FARM LIMITED (REGISTERED NUMBER: 05156844)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST OCTOBER 2024

1. STATUTORY INFORMATION

Little Penarth 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 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.
Freehold property - Not provided
Improvements to property - 20% on reducing balance
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.

LITTLE PENARTH FARM LIMITED (REGISTERED NUMBER: 05156844)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Motor
property property machinery vehicles Totals
£    £    £    £    £   
COST
At 1st November 2023 822,919 2,245 138,732 6,343 970,239
Additions - - 1,900 - 1,900
Disposals - - (1,537 ) (6,343 ) (7,880 )
At 31st October 2024 822,919 2,245 139,095 - 964,259
DEPRECIATION
At 1st November 2023 92,381 2,182 96,794 1,586 192,943
Charge for year 9,258 13 8,734 - 18,005
Eliminated on disposal - - (1,417 ) (1,586 ) (3,003 )
At 31st October 2024 101,639 2,195 104,111 - 207,945
NET BOOK VALUE
At 31st October 2024 721,280 50 34,984 - 756,314
At 31st October 2023 730,538 63 41,938 4,757 777,296

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2023
and 31st October 2024 260,100
NET BOOK VALUE
At 31st October 2024 260,100
At 31st October 2023 260,100

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,035 320
Other debtors 1,671 828
VAT - 2,051
4,706 3,199

LITTLE PENARTH FARM LIMITED (REGISTERED NUMBER: 05156844)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,326 17,326
Other loans 5,500 5,500
Trade creditors 416 2,731
Corporation Tax 5,598 -
VAT 28 -
Other creditors 666 1,480
Directors' current accounts 514,447 535,769
Accrued expenses 37,475 34,362
581,456 597,168

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 1-2 years 15,884 17,326
Bank loans - 2-5 years 34,669 38,997
Bank loans more 5 yr by instal 52,799 61,070
103,352 117,393

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 52,799 61,070

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,000 ordinary £1 2,000 2,000

10. RESERVES
Revaluation
reserve
£   
At 1st November 2023
and 31st October 2024 82,374

LITTLE PENARTH FARM LIMITED (REGISTERED NUMBER: 05156844)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST OCTOBER 2024

11. RELATED PARTY DISCLOSURES

At the year end the company owed the director, T W Neal, £514,447 (2023 - £535,769).

At the year end the company was owed £1,671 (2023 - £828) from Aquavida Limited, a company in which T W Neale is also a director.