Finlea Farm Ltd 15828675 false 2024-07-09 2025-03-31 2025-03-31 The principal activity of the company is Farming Digita Accounts Production Advanced 6.30.9574.0 true true 15828675 2024-07-09 2025-03-31 15828675 2025-03-31 15828675 bus:Director1 2025-03-31 15828675 bus:Director2 2025-03-31 15828675 core:CurrentFinancialInstruments 2025-03-31 15828675 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 15828675 bus:SmallEntities 2024-07-09 2025-03-31 15828675 bus:AuditExemptWithAccountantsReport 2024-07-09 2025-03-31 15828675 bus:FullAccounts 2024-07-09 2025-03-31 15828675 bus:SmallCompaniesRegimeForAccounts 2024-07-09 2025-03-31 15828675 bus:RegisteredOffice 2024-07-09 2025-03-31 15828675 bus:Director1 2024-07-09 2025-03-31 15828675 bus:Director2 2024-07-09 2025-03-31 15828675 bus:PrivateLimitedCompanyLtd 2024-07-09 2025-03-31 15828675 core:PlantMachinery 2024-07-09 2025-03-31 15828675 countries:England 2024-07-09 2025-03-31 iso4217:GBP xbrli:pure

Registration number: 15828675

Finlea Farm Ltd
Annual Report and Unaudited Financial Statements
for the Period from 9 July 2024 to 31 March 2025

Finlea Farm Ltd

Contents

Company Information | 1
Directors' Report | 2
Balance Sheet | 3
Notes to the Unaudited Financial Statements | 4 to 5

Finlea Farm Ltd

Company Information

Directors | Mr D B Greenhalgh Mrs R A Greenhalgh

Registered office | Diamond Court Water Street Bakewell Derbyshire DE45 1EW

Accountants | J H Riley Associates Ltd Diamond Court Water Street Bakewell Derbyshire DE45 1EW

Finlea Farm Ltd

Directors' Report for the Period from 9 July 2024 to 31 March 2025

The directors present their report and the financial statements for the period from 9 July 2024 to 31 March 2025.

Incorporation

The company was incorporated on 9 July 2024.

Directors of the company

The directors who held office during the period were as follows:

Mr D B Greenhalgh (appointed 9 July 2024)

Mrs R A Greenhalgh (appointed 9 July 2024)

Principal activity

The principal activity of the company is Farming

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 14 August 2025 and signed on its behalf by:

......................................... Mr D B Greenhalgh Director | ......................................... Mrs R A Greenhalgh Director |

Finlea Farm Ltd

(Registration number: 15828675)
Balance Sheet as at 31 March 2025

| Note | 2025 £
Fixed assets |  |
Tangible assets |  | 46,214
Current assets |  |
Stocks |  | 63,660
Debtors |  | 1,597
Cash at bank and in hand |  | 48,920
|  | 114,177
Creditors: Amounts falling due within one year |  | (2,301)
Net current assets |  | 111,876
Net assets |  | 158,090
Capital and reserves |  |
Called up share capital |  | 100
Other reserves |  | 162,177
Retained earnings |  | (4,187)
Shareholders' funds |  | 158,090

For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 14 August 2025 and signed on its behalf by:

......................................... Mr D B Greenhalgh Director | ......................................... Mrs R A Greenhalgh Director |

Finlea Farm Ltd

Notes to the Unaudited Financial Statements for the Period from 9 July 2024 to 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Diamond Court
Water Street
Bakewell
Derbyshire
DE45 1EW
United Kingdom

These financial statements were authorised for issue by the Board on 14 August 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Finlea Farm Ltd

Notes to the Unaudited Financial Statements for the Period from 9 July 2024 to 31 March 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Plant & machinery | 25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0.