REGISTERED NUMBER: 04544884 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Lower Tancredston Farm Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr W R Wade

Mrs A Wade

SECRETARY:

Mr W R Wade

REGISTERED OFFICE:

c/o Ashmole & Co

7 Goat Street

Haverfordwest

Pembrokeshire

SA61 1PX

REGISTERED NUMBER:

04544884 (England and Wales)

FIXED ASSETS

Tangible assets

4

362,662

386,288

CURRENT ASSETS

Stocks

-

270,593

Debtors

7,415

47,444

Investments

37,361

37,361

Cash at bank

93,232

707

138,008

356,105

CREDITORS

Amounts falling due within one year

105,072

237,940

NET CURRENT ASSETS

32,936

118,165

TOTAL ASSETS LESS CURRENT LIABILITIES

395,598

504,453

CREDITORS

Amounts falling due after more than one year

5

(378,192

)

(490,429

)

PROVISIONS FOR LIABILITIES

(18,478

)

(18,576

)

NET LIABILITIES

(1,072

)

(4,552

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,172

)

(4,652

)

(1,072

)

(4,552

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 August 2025 and were signed on its behalf by:

Mr W R Wade - Director

Mrs A Wade - Director

1.	STATUTORY INFORMATION

Lower Tancredston 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.

Plant and machinery

-

15% on cost

Motor vehicles

-

25% on reducing balance

Stocks

Stock and biological assets are included at the lower of cost and estimated selling price less costs to sell.

Investments

Investments are measured at cost less impairment.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

1,080,522

Additions

34,224

Disposals

(64,154

)

At 31 March 2025

1,050,592

DEPRECIATION

At 1 April 2024

694,234

Charge for year

54,220

Eliminated on disposal

(60,524

)

At 31 March 2025

687,930

NET BOOK VALUE

At 31 March 2025

362,662

At 31 March 2024

386,288

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.3.25

31.3.24

£

£

Repayable by instalments

Bank loans more 5 yr by instal

266,295

368,342

6.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank overdraft

-

99,949

Bank loans

403,035

505,082

403,035

605,031