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Company Registration No. 10894145 (England and Wales)
Deans Farm Estate Ltd Unaudited accounts for the year ended 31 December 2024
Deans Farm Estate Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Deans Farm Estate Ltd Company Information for the year ended 31 December 2024
Directors
L Hall R Munro Kerr
Secretary
R Munro Kerr
Company Number
10894145 (England and Wales)
Registered Office
1 West Street Lewes East Sussex BN7 2NZ
Accountants
Maxwell-Gumbleton & Co. 1 West Street Lewes East Sussex BN7 2NZ
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Deans Farm Estate Ltd Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
90,332
84,763
Current assets
Inventories
11,749
11,749
Cash at bank and in hand
3,260
170
15,009
11,919
Creditors: amounts falling due within one year
5
(270,746)
(290,862)
Net current liabilities
(255,737)
(278,943)
Net liabilities
(165,405)
(194,180)
Capital and reserves
Called up share capital
6
1
1
Profit and loss account
(165,406)
(194,181)
Shareholders' funds
(165,405)
(194,180)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 September 2025 and were signed on its behalf by
L Hall Director Company Registration No. 10894145
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Deans Farm Estate Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Deans Farm Estate Ltd is a private company, limited by shares, registered in England and Wales, registration number 10894145. The registered office is 1 West Street, Lewes, East Sussex, BN7 2NZ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight Line over 25 years
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Deans Farm Estate Ltd Notes to the Accounts for the year ended 31 December 2024
4
Tangible fixed assets
Land & buildings
£
Cost or valuation
At cost
At 1 January 2024
96,107
Additions
10,459
At 31 December 2024
106,566
Depreciation
At 1 January 2024
11,344
Charge for the year
4,890
At 31 December 2024
16,234
Net book value
At 31 December 2024
90,332
At 31 December 2023
84,763
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxes and social security
-
7,174
Loans from directors
269,906
282,848
Accruals
840
840
270,746
290,862
6
Share capital
2024
2023
£
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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