Butt Hatch Farm Limited
Registered number: 00503403
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 731,519 775,315
Current assets
Stocks 190,353 178,831
Debtors 4 27,480 32,803
Cash at bank and in hand 695,456 669,094
913,289 880,728
Creditors: amounts falling due within one year 5 (54,499) (62,860)
Net current assets 858,790 817,868
Total assets less current liabilities 1,590,309 1,593,183
Creditors: amounts falling due after more than one year 6 (21,359) (36,435)
Provisions for liabilities (37,385) (47,106)
Net assets 1,531,565 1,509,642
Capital and reserves
Called up share capital 335 335
Capital redemption reserve 665 665
Share premium 19,000 19,000
Profit and loss account 1,511,565 1,489,642
Shareholders' funds 1,531,565 1,509,642
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
N Harrington
Director
Approved by the board on 22 September 2025
Butt Hatch Farm Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance basis
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 526,603 662,482 1,189,085
Additions - 23,122 23,122
Disposals - (39,435) (39,435)
At 31 December 2024 526,603 646,169 1,172,772
Depreciation
At 1 January 2024 2,110 411,660 413,770
Charge for the year - 63,722 63,722
On disposals - (36,239) (36,239)
At 31 December 2024 2,110 439,143 441,253
Net book value
At 31 December 2024 524,493 207,026 731,519
At 31 December 2023 524,493 250,822 775,315
4 Debtors 2024 2023
£ £
Trade debtors 14,517 14,484
Other debtors 12,963 18,319
27,480 32,803
5 Creditors: amounts falling due within one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 15,077 33,511
Trade creditors 915 5,094
Corporation tax 14,295 22,145
Other creditors 24,212 2,110
54,499 62,860
6 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 21,359 36,435
7 Other information
Butt Hatch Farm Limited is a private company limited by shares and incorporated in England. Its registered office is:
Butt Hatch Farm
Radley Green Road
Roxwell
Essex
CM1 4NW
Butt Hatch Farm Limited 00503403 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 N Harrington No description of principal activity 00503403 2023-01-01 2023-12-31 00503403 core:WithinOneYear 2023-12-31 00503403 core:AfterOneYear 2023-12-31 00503403 core:ShareCapital 2023-12-31 00503403 core:SharePremium 2023-12-31 00503403 core:RetainedEarningsAccumulatedLosses 2023-12-31 00503403 2024-01-01 2024-12-31 00503403 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 00503403 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 00503403 bus:Director40 2024-01-01 2024-12-31 00503403 1 2024-01-01 2024-12-31 00503403 2 2024-01-01 2024-12-31 00503403 core:LandBuildings 2024-01-01 2024-12-31 00503403 core:PlantMachinery 2024-01-01 2024-12-31 00503403 countries:England 2024-01-01 2024-12-31 00503403 bus:FRS102 2024-01-01 2024-12-31 00503403 bus:FilletedAccounts 2024-01-01 2024-12-31 00503403 2024-12-31 00503403 core:WithinOneYear 2024-12-31 00503403 core:AfterOneYear 2024-12-31 00503403 core:ShareCapital 2024-12-31 00503403 core:SharePremium 2024-12-31 00503403 core:RetainedEarningsAccumulatedLosses 2024-12-31 00503403 core:LandBuildings 2024-12-31 00503403 core:PlantMachinery 2024-12-31 00503403 2023-12-31 00503403 core:LandBuildings 2023-12-31 00503403 core:PlantMachinery 2023-12-31 iso4217:GBP xbrli:pure