Silverfin false false 31/01/2025 01/02/2024 31/01/2025 P J Palmer 19/09/1997 S E Palmer-Snellin 19/09/1997 11 August 2025 The principal activity of the Company during the financial year was that of a children's outdoor theme park. 03427509 2025-01-31 03427509 bus:Director1 2025-01-31 03427509 bus:Director2 2025-01-31 03427509 2024-01-31 03427509 core:CurrentFinancialInstruments 2025-01-31 03427509 core:CurrentFinancialInstruments 2024-01-31 03427509 core:Non-currentFinancialInstruments 2025-01-31 03427509 core:Non-currentFinancialInstruments 2024-01-31 03427509 core:ShareCapital 2025-01-31 03427509 core:ShareCapital 2024-01-31 03427509 core:RetainedEarningsAccumulatedLosses 2025-01-31 03427509 core:RetainedEarningsAccumulatedLosses 2024-01-31 03427509 core:Goodwill 2024-01-31 03427509 core:Goodwill 2025-01-31 03427509 core:LandBuildings 2024-01-31 03427509 core:PlantMachinery 2024-01-31 03427509 core:Vehicles 2024-01-31 03427509 core:FurnitureFittings 2024-01-31 03427509 core:ComputerEquipment 2024-01-31 03427509 core:LandBuildings 2025-01-31 03427509 core:PlantMachinery 2025-01-31 03427509 core:Vehicles 2025-01-31 03427509 core:FurnitureFittings 2025-01-31 03427509 core:ComputerEquipment 2025-01-31 03427509 core:CostValuation 2024-01-31 03427509 core:CostValuation 2025-01-31 03427509 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2025-01-31 03427509 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-01-31 03427509 core:CurrentFinancialInstruments core:Secured 2025-01-31 03427509 core:Non-currentFinancialInstruments core:Secured 2025-01-31 03427509 2024-02-01 2025-01-31 03427509 bus:FilletedAccounts 2024-02-01 2025-01-31 03427509 bus:SmallEntities 2024-02-01 2025-01-31 03427509 bus:AuditExemptWithAccountantsReport 2024-02-01 2025-01-31 03427509 bus:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 03427509 bus:Director1 2024-02-01 2025-01-31 03427509 bus:Director2 2024-02-01 2025-01-31 03427509 core:Goodwill core:TopRangeValue 2024-02-01 2025-01-31 03427509 core:LandBuildings 2024-02-01 2025-01-31 03427509 core:PlantMachinery 2024-02-01 2025-01-31 03427509 core:Vehicles 2024-02-01 2025-01-31 03427509 core:FurnitureFittings 2024-02-01 2025-01-31 03427509 core:ComputerEquipment 2024-02-01 2025-01-31 03427509 2023-02-01 2024-01-31 03427509 core:Non-currentFinancialInstruments 2024-02-01 2025-01-31 iso4217:GBP xbrli:pure

Company No: 03427509 (England and Wales)

FARMER PALMER'S FARM PARK LIMITED

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

FARMER PALMER'S FARM PARK LIMITED

Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

FARMER PALMER'S FARM PARK LIMITED

BALANCE SHEET

As at 31 January 2025
FARMER PALMER'S FARM PARK LIMITED

BALANCE SHEET (continued)

As at 31 January 2025
Note 2025 2024
£ £
Fixed assets
Tangible assets 4 760,481 840,866
Investments 5 78,380 78,380
838,861 919,246
Current assets
Stocks 6 45,948 64,814
Debtors 7 21,957 28,643
Cash at bank and in hand 171,284 141,866
239,189 235,323
Creditors: amounts falling due within one year 8 ( 409,176) ( 199,838)
Net current (liabilities)/assets (169,987) 35,485
Total assets less current liabilities 668,874 954,731
Creditors: amounts falling due after more than one year 9 ( 118,167) ( 217,198)
Net assets 550,707 737,533
Capital and reserves
Called-up share capital 127 127
Profit and loss account 550,580 737,406
Total shareholders' funds 550,707 737,533

For the financial year ending 31 January 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 Farmer Palmer's Farm Park Limited (registered number: 03427509) were approved and authorised for issue by the Board of Directors on 11 August 2025. They were signed on its behalf by:

S E Palmer-Snellin
Director
FARMER PALMER'S FARM PARK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
FARMER PALMER'S FARM PARK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 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

Farmer Palmer's Farm Park 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 Stable House, Organford, Poole, BH16 6EU, 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

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

Revenue from services is recognised as they are delivered.

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.

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
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 reducing balance basis over its expected useful life, as follows:

Land and buildings 10 % reducing balance
Plant and machinery 25 % reducing balance
Vehicles 25 % reducing balance
Fixtures and fittings 25 % reducing balance
Computer equipment 25 % 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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

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. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2025 2024
Number Number
Monthly average number of persons employed by the Company during the year, including directors 49 63

3. Intangible assets

Goodwill Total
£ £
Cost
At 01 February 2024 2,757 2,757
At 31 January 2025 2,757 2,757
Accumulated amortisation
At 01 February 2024 2,757 2,757
At 31 January 2025 2,757 2,757
Net book value
At 31 January 2025 0 0
At 31 January 2024 0 0

4. Tangible assets

Land and buildings Plant and machinery Vehicles Fixtures and fittings Computer equipment Total
£ £ £ £ £ £
Cost
At 01 February 2024 605,095 1,149,476 236,298 117,920 86,203 2,194,992
Additions 0 58,014 0 0 1,691 59,705
Disposals 0 ( 3,000) 0 0 0 ( 3,000)
At 31 January 2025 605,095 1,204,490 236,298 117,920 87,894 2,251,697
Accumulated depreciation
At 01 February 2024 204,940 958,505 94,971 19,225 76,485 1,354,126
Charge for the financial year 20,837 55,625 35,332 24,674 2,673 139,141
Disposals 0 ( 2,051) 0 0 0 ( 2,051)
At 31 January 2025 225,777 1,012,079 130,303 43,899 79,158 1,491,216
Net book value
At 31 January 2025 379,318 192,411 105,995 74,021 8,736 760,481
At 31 January 2024 400,155 190,971 141,327 98,695 9,718 840,866

5. Fixed asset investments

Investments in subsidiaries

2025
£
Cost
At 01 February 2024 78,380
At 31 January 2025 78,380
Carrying value at 31 January 2025 78,380
Carrying value at 31 January 2024 78,380

6. Stocks

2025 2024
£ £
Stocks 45,948 64,814

7. Debtors

2025 2024
£ £
Trade debtors 21,957 17,643
Amounts owed by own subsidiaries 0 11,000
21,957 28,643

8. Creditors: amounts falling due within one year

2025 2024
£ £
Bank loans (secured £ 35,000) 83,000 77,500
Trade creditors 53,170 58,415
Amounts owed to own subsidiaries 335 1,735
Taxation and social security 104,025 15,748
Obligations under finance leases and hire purchase contracts (secured) 19,282 22,273
Other creditors 149,364 24,167
409,176 199,838

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

2025 2024
£ £
Bank loans (secured £ 90,167) 118,167 197,916
Obligations under finance leases and hire purchase contracts 0 19,282
118,167 217,198

The bank loans are secured on the freehold property of the company with a carrying value of £191,787 (2024: £191,787). Hire purchase contracts are secured on the assets to which they relate.