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Company Registration No. 07900634 (England and Wales)
STANSTED PARK FARM SHOP LTD Unaudited accounts for the year ended 31 December 2024
STANSTED PARK FARM SHOP LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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STANSTED PARK FARM SHOP LTD Company Information for the year ended 31 December 2024
Director
Viscount F A W Duncannon
Company Number
07900634 (England and Wales)
Registered Office
Stansted Park Rowlands Castle Hampshire PO9 6DU
Accountants
Babcock Tax & Accountancy Services Ltd The Florins, 8 Lulworth Close Hayling Island Hampshire PO11 0NY
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STANSTED PARK FARM SHOP LTD Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Tangible assets
4
17,025
17,614
Current assets
Inventories
22,752
21,669
Debtors
5
5,902
5,412
Cash at bank and in hand
36,062
36,848
64,716
63,929
Creditors: amounts falling due within one year
6
(69,083)
(56,006)
Net current (liabilities)/assets
(4,367)
7,923
Total assets less current liabilities
12,658
25,537
Creditors: amounts falling due after more than one year
7
(91,520)
(92,005)
Provisions for liabilities
Deferred tax
(3,056)
(6,535)
Net liabilities
(81,918)
(73,003)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(82,018)
(73,103)
Shareholders' funds
(81,918)
(73,003)
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 director acknowledges his 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 and authorised for issue on 11 September 2025 and were signed on its behalf by
Viscount F A W Duncannon Director Company Registration No. 07900634
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STANSTED PARK FARM SHOP LTD Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
STANSTED PARK FARM SHOP LTD is a private company, limited by shares, registered in England and Wales, registration number 07900634. The registered office is Stansted Park, Rowlands Castle, Hampshire, PO9 6DU.
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.
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: Short Leasehold - 10% on cost Plant & Machinery - 25% on reducing balance Fixtures & fittings - 25% on reducing balance Computer equipment - 33% on cost
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Leased assets
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.
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STANSTED PARK FARM SHOP LTD Notes to the Accounts for the year ended 31 December 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
4,180
83,909
21,761
10,864
120,714
Additions
-
4,929
356
-
5,285
Disposals
-
-
-
(782)
(782)
At 31 December 2024
4,180
88,838
22,117
10,082
125,217
Depreciation
At 1 January 2024
2,856
71,558
18,184
10,502
103,100
Charge for the year
384
4,320
909
261
5,874
On disposals
-
-
-
(782)
(782)
At 31 December 2024
3,240
75,878
19,093
9,981
108,192
Net book value
At 31 December 2024
940
12,960
3,024
101
17,025
At 31 December 2023
1,324
12,351
3,577
362
17,614
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
1,719
2,562
Accrued income and prepayments
2,794
2,850
Other debtors
1,389
-
5,902
5,412
6
Creditors: amounts falling due within one year
2024
2023
£
£
VAT
1,340
2,028
Trade creditors
57,048
27,249
Taxes and social security
2,350
1,440
Other creditors
7,692
24,387
Accruals
653
902
69,083
56,006
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
49,421
57,005
Loans from directors
42,099
35,000
91,520
92,005
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STANSTED PARK FARM SHOP LTD Notes to the Accounts for the year ended 31 December 2024
8
Controlling party
The ultimate controlling party is Viscount F Duncannon.
9
Average number of employees
During the year the average number of employees was 10 (2023: 11).
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