Caseware UK (AP4) 2024.0.164 2024.0.164 2024-10-312024-10-312023-11-01falseproperty management and heat generation from a biomass boiler system22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09264541 2023-11-01 2024-10-31 09264541 2022-11-01 2023-10-31 09264541 2024-10-31 09264541 2023-10-31 09264541 c:Director1 2023-11-01 2024-10-31 09264541 d:Buildings 2023-11-01 2024-10-31 09264541 d:Buildings 2024-10-31 09264541 d:Buildings 2023-10-31 09264541 d:Buildings d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09264541 d:PlantMachinery 2023-11-01 2024-10-31 09264541 d:PlantMachinery 2024-10-31 09264541 d:PlantMachinery 2023-10-31 09264541 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09264541 d:OfficeEquipment 2023-11-01 2024-10-31 09264541 d:OfficeEquipment 2024-10-31 09264541 d:OfficeEquipment 2023-10-31 09264541 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09264541 d:OwnedOrFreeholdAssets 2023-11-01 2024-10-31 09264541 d:CurrentFinancialInstruments 2024-10-31 09264541 d:CurrentFinancialInstruments 2023-10-31 09264541 d:CurrentFinancialInstruments d:WithinOneYear 2024-10-31 09264541 d:CurrentFinancialInstruments d:WithinOneYear 2023-10-31 09264541 d:ShareCapital 2024-10-31 09264541 d:ShareCapital 2023-10-31 09264541 d:RetainedEarningsAccumulatedLosses 2024-10-31 09264541 d:RetainedEarningsAccumulatedLosses 2023-10-31 09264541 c:FRS102 2023-11-01 2024-10-31 09264541 c:AuditExempt-NoAccountantsReport 2023-11-01 2024-10-31 09264541 c:FullAccounts 2023-11-01 2024-10-31 09264541 c:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 09264541 2 2023-11-01 2024-10-31 09264541 e:PoundSterling 2023-11-01 2024-10-31 iso4217:GBP xbrli:pure
Registered number: 09264541














BORROW HALL FARM LTD


UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 OCTOBER 2024

 
BORROW HALL FARM LTD
REGISTERED NUMBER:09264541

STATEMENT OF FINANCIAL POSITION
AS AT 31 OCTOBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
18,302
27,466

  
18,302
27,466

Current assets
  

Stocks
  
7,084
7,282

Debtors: amounts falling due within one year
 5 
3,932
3,852

Cash at bank and in hand
  
7,238
3,600

  
18,254
14,734

Creditors: amounts falling due within one year
 6 
(72,315)
(84,795)

Net current liabilities
  
 
 
(54,061)
 
 
(70,061)

Total assets less current liabilities
  
(35,759)
(42,595)

  

Net liabilities
  
(35,759)
(42,595)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(35,859)
(42,695)

  
(35,759)
(42,595)

Page 1

 
BORROW HALL FARM LTD
REGISTERED NUMBER:09264541
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 OCTOBER 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

................................................
L J Harbour
Director

Date: 27 July 2025

Page 2

 
BORROW HALL FARM LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1.


General information

Borrow Hall Farm Ltd is a private company limited by shares and incorporated in England and Wales, registration number 09264541. The registered office address is Borrow Hall, Dumpling Green, Dereham, Norfolk, NR19 1HP.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Going concern

The financial statements have been prepared on a going concern basis in view of the fact that the director has confirmed his willingness to support the company for the foreseeable future.

 
2.3

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
BORROW HALL FARM LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives,  on the following bases.

Depreciation is provided on the following basis:

Freehold property
-
Plant and machinery
-
10% straight line and 20% reducing balance
Equipment
-
33% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
BORROW HALL FARM LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

2.Accounting policies (continued)

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
BORROW HALL FARM LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Equipment
Total

£
£
£
£



Cost or valuation


At 1 November 2023
6,005
95,499
1,888
103,392


Additions
-
502
-
502



At 31 October 2024

6,005
96,001
1,888
103,894



Depreciation


At 1 November 2023
1,201
73,365
1,359
75,925


Charge for the year on owned assets
601
8,837
230
9,668



At 31 October 2024

1,802
82,202
1,589
85,593



Net book value



At 31 October 2024
4,203
13,799
299
18,301



At 31 October 2023
4,804
22,135
529
27,468


5.


Debtors

2024
2023
£
£


Trade debtors
2,708
2,708

Prepayments and accrued income
1,224
1,144

3,932
3,852


Page 6

 
BORROW HALL FARM LTD
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,717
3,223

Corporation tax
242
-

Other creditors
69,210
80,474

Accruals and deferred income
1,146
1,098

72,315
84,795



7.


Pension commitments

The company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £350 (2023 - £350).

 
Page 7