IRIS Accounts Production v25.1.4.42 11864267 Board of Directors 1.4.24 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118642672024-03-31118642672024-10-31118642672024-04-012024-10-31118642672023-03-31118642672023-04-012024-03-31118642672024-03-3111864267ns15:EnglandWales2024-04-012024-10-3111864267ns14:PoundSterling2024-04-012024-10-3111864267ns10:Director12024-04-012024-10-3111864267ns10:PrivateLimitedCompanyLtd2024-04-012024-10-3111864267ns10:SmallEntities2024-04-012024-10-3111864267ns10:AuditExemptWithAccountantsReport2024-04-012024-10-3111864267ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012024-10-3111864267ns10:SmallCompaniesRegimeForAccounts2024-04-012024-10-3111864267ns10:FullAccounts2024-04-012024-10-3111864267ns10:Director22024-04-012024-10-3111864267ns10:RegisteredOffice2024-04-012024-10-3111864267ns5:CurrentFinancialInstruments2024-10-3111864267ns5:CurrentFinancialInstruments2024-03-3111864267ns5:ShareCapital2024-10-3111864267ns5:ShareCapital2024-03-3111864267ns5:RetainedEarningsAccumulatedLosses2024-10-3111864267ns5:RetainedEarningsAccumulatedLosses2024-03-3111864267ns5:LeaseholdImprovements2024-04-012024-10-3111864267ns5:PlantMachinery2024-04-012024-10-3111864267ns5:LandBuildings2024-03-3111864267ns5:LeaseholdImprovements2024-03-3111864267ns5:PlantMachinery2024-03-3111864267ns5:LandBuildings2024-04-012024-10-3111864267ns5:LandBuildings2024-10-3111864267ns5:LeaseholdImprovements2024-10-3111864267ns5:PlantMachinery2024-10-3111864267ns5:LandBuildings2024-03-3111864267ns5:LeaseholdImprovements2024-03-3111864267ns5:PlantMachinery2024-03-3111864267ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3111864267ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-31
REGISTERED NUMBER: 11864267 (England and Wales)















HOME FARM AND LIVERY LTD

Unaudited Financial Statements for the Period 1 April 2024 to 31 October 2024






HOME FARM AND LIVERY LTD (REGISTERED NUMBER: 11864267)

Contents of the Financial Statements
for the Period 1 April 2024 to 31 October 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

HOME FARM AND LIVERY LTD

Company Information
for the Period 1 April 2024 to 31 October 2024







DIRECTORS: Mrs J C Morgan
Ms K E Corfield





REGISTERED OFFICE: Marnwood Hall
Buildwas Road
Ironbridge
Telford
Shropshire
TF8 7BJ





REGISTERED NUMBER: 11864267 (England and Wales)





ACCOUNTANTS: Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB

HOME FARM AND LIVERY LTD (REGISTERED NUMBER: 11864267)

Balance Sheet
31 October 2024

31.10.24 31.3.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 967,931 855,368

CURRENT ASSETS
Debtors 5 3,916 113
Cash at bank 4,668 20,842
8,584 20,955
CREDITORS
Amounts falling due within one year 6 1,232,663 1,086,545
NET CURRENT LIABILITIES (1,224,079 ) (1,065,590 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(256,148

)

(210,222

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (256,248 ) (210,322 )
(256,148 ) (210,222 )

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 October 2024 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 29 July 2025 and were signed on its behalf by:





Mrs J C Morgan - Director


HOME FARM AND LIVERY LTD (REGISTERED NUMBER: 11864267)

Notes to the Financial Statements
for the Period 1 April 2024 to 31 October 2024


1. STATUTORY INFORMATION

Home Farm and Livery Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover is recognised in line with services provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 5 years
Plant and machinery - 25% Straight Line

Taxation
Taxation for the period 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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

HOME FARM AND LIVERY LTD (REGISTERED NUMBER: 11864267)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 31 October 2024


2. ACCOUNTING POLICIES - continued

Going concern
The directors have considered the period ending 12 months after approving these financial statements and are prepared to fully support the company financially, the director's loan account balance will not be withdrawn to the detriment of other creditor's. For these reasons the directors continue to adopt the going concern basis of accounting in preparing these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2024 - 3 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery Totals
£    £    £    £   
COST
At 1 April 2024 582,402 249,007 210,678 1,042,087
Additions 6,275 93,552 105,039 204,866
Disposals - - (32,500 ) (32,500 )
At 31 October 2024 588,677 342,559 283,217 1,214,453
DEPRECIATION
At 1 April 2024 - 112,558 74,161 186,719
Charge for period - 30,980 32,886 63,866
Eliminated on disposal - - (4,063 ) (4,063 )
At 31 October 2024 - 143,538 102,984 246,522
NET BOOK VALUE
At 31 October 2024 588,677 199,021 180,233 967,931
At 31 March 2024 582,402 136,449 136,517 855,368

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.3.24
£    £   
Other debtors 214 113
Prepayments 3,702 -
3,916 113

HOME FARM AND LIVERY LTD (REGISTERED NUMBER: 11864267)

Notes to the Financial Statements - continued
for the Period 1 April 2024 to 31 October 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.3.24
£    £   
Trade creditors 735 1,672
Social security and other taxes 731 3,507
Other creditors 41,868 3,137
Directors' current accounts 1,182,177 1,073,438
Accrued expenses 7,152 4,791
1,232,663 1,086,545

7. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs J C Morgan.

The ultimate controlling party is Mrs J C Morgan.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Home Farm and Livery Ltd


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Home Farm and Livery Ltd for the period ended 31 October 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Home Farm and Livery Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Home Farm and Livery Ltd and state those matters that we have agreed to state to the Board of Directors of Home Farm and Livery Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Home Farm and Livery Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Home Farm and Livery Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Home Farm and Livery Ltd. You consider that Home Farm and Livery Ltd is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Home Farm and Livery Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Lancaster Haskins Limited
Granville House
2 Tettenhall Road
Wolverhampton
West Midlands
WV1 4SB


29 July 2025