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Registered number: 12413261
BUCKLAND HALL FARMS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 JANUARY 2025
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BUCKLAND HALL FARMS LIMITED
REGISTERED NUMBER: 12413261
BALANCE SHEET
AS AT 31 JANUARY 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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BUCKLAND HALL FARMS LIMITED
REGISTERED NUMBER: 12413261
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025
The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
Robin Hubert Filmer-Wilson
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The notes on pages 3 to 5 form part of these financial statements.
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BUCKLAND HALL FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
Buckland Hall Farms Limited is a limited company, limited by shares, and incorporated in England and Wales. The registered number is and office is:
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MHA House
Charter Court
Phoenix Way
Swansea Enterprise Park
Swansea
SA7 9FS
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The company’s primary trade is the development of farms for commercial letting.
The finanicial statements are presented in the pound sterling (£).
The financial statements are rounded to the nearest one pound.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
The investment property is being renovated and so the value of the property is deemed to be the current cost.
Short-term debtors are measured at transaction price, less any impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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BUCKLAND HALL FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
2.Accounting policies (continued)
Short-term creditors are measured at the transaction price.
In preparing the financial statements, the director has considered the current financial position and has also assessed the financial future of the business. The director has concluded that it is appropriate to prepare the financial statements on a going concern basis. In forming this conclusion the director has considered the company's net liabilities and the result reported in the current financial year.
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The Company has no employees other than the directors, who did not receive any remuneration (2024 - £NIL).
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Freehold investment property
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The 2025 valuations were made by the director, on an open market value for existing use basis.
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BUCKLAND HALL FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Accruals and deferred income
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Creditors: Amounts falling due after more than one year
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Related party transactions
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Included in other creditors is a balance owed to the director. At the balance sheet date £9,025,250 (2024: £6,712,426) was owed to the director. This loan is interest free with no determined repayment date.
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