Towns Green Farm Limited Accounts






Towns Green Farm Limited

	Company No. 11626525
		Information for Filing with The Registrar
		31 December 2024

The Directors present their report and the accounts for the year ended 31 December 2024.

Principal activities
The principal activity of the company during the year under review was ownership of property held for rental income and capital appreciaition.




Directors

The Directors who served at any time during the year were as follows:

P.L. Ackerley
D. Allison








































































The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.

Signed on behalf of the board

D. Allison
Director
25 September 2025

at	31 December 2024
Company No.		11626525	Notes	2024	2023
				£	£
Fixed assets

	Tangible assets		4	44,559	19,984
	Investment property		5	1,200,000	1,700,000

				1,244,559	1,719,984
Current assets

	Debtors		6	37,547	6,761

	Cash at bank and in hand			4,835	31,968
				42,382	38,729
Creditors: Amount falling due within one year			7	(22,109)	(43,275)
Net current assets/(liabilities)				20,273	(4,546)
Total assets less current liabilities				1,264,832	1,715,438
Creditors: Amounts falling due after more than one year			8	(1,192,879)	(1,220,134)
Provisions for liabilities
	Deferred taxation			-	(75,533)

Net assets				71,953	419,771

Capital and reserves
	Called up share capital			2	2

	Revaluation reserve		10	-	305,804

	Profit and loss account		10	71,951	113,965

Total equity				71,953	419,771



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 25 September 2025 and signed on its behalf by:
D. Allison
Director
25 September 2025

for the year ended 31 December 2024

General information

Towns Green Farm Limited is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 11626525

Its registered office is:

Five Firs

The Street

East Bergholt

CO7 6TD

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Turnover

Turnover represents amounts receivable in respect of rental income.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

25% straight line

Furniture, fittings and equipment

25% straight line

Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Freehold investment property

Investment property, which is held to earn rentals and/or capital appreciation is initially recorded at cost,
which includes purchase price and any directly attributable expenditure.
Investment properties is revalued to its fair value at each reporting date and any surplus or deficit on
revaluation is recognised in the profit and loss account. The fair value adjustments have been transferred
to a separate reserve on the balance sheet for the purpose of ring-fencing non-distributable reserves.
Where fair value cannot be achieved without undue cost or effort, investment property is accounted for
as tangible fixed assets.

No depreciation is provided in respect of investment properties.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Defined contribution pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations.

The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

3	Employees
			2024	2023
			Number	Number
		The average monthly number of employees (including directors) during the year was:	2	2

4	Tangible fixed assets
			Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 1 January 2024	26,955	-	445	27,400
		Additions	27,650	8,000	-	35,650



		At 31 December 2024	54,605	8,000	445	63,050
		Depreciation
		At 1 January 2024	7,305	-	111	7,416
		Charge for the year	8,964	2,000	111	11,075



		At 31 December 2024	16,269	2,000	222	18,491
		Net book values
		At 31 December 2024	38,336	6,000	223	44,559
		At 31 December 2023	19,650	-	334	19,984

5	Investment property
			Freehold Investment Property
			£
		Valuation
		At 1 January 2024	1,700,000

		Revaluation	(500,000)

		At 31 December 2024	1,200,000


		During the year the directors have evaluated the property's estimated current market value and revised their valuation to £1.2million.

6	Debtors
			2024	2023
			£	£
		Trade debtors	8,726	6,400


		Deferred tax asset	28,460	-



		Prepayments and accrued income	361	361
			37,547	6,761

7	Creditors:
		amounts falling due within one year
			2024	2023
			£	£

		Bank loans and overdrafts	2,400	2,400




		Taxes and social security	3,280	21,704
		Loans from directors	2,636	-
		Other creditors	8,040	13,148
		Accruals and deferred income	5,753	6,023
			22,109	43,275

8	Creditors:
		amounts falling due after more than one year
			2024	2023
			£	£
		Non-equity preference shares	666,879	691,734
		Bank loans and overdrafts	1,000	3,400
		Other loans	525,000	525,000





			1,192,879	1,220,134

		Liabilities repayable in more than five years after the balance sheet date

		Amount repayable otherwise than by instalments	929,379	954,236
			929,379	954,236

		The company accrues interest at 5% over the bank base rate on the amounts owed to the directors and at 5%/ 7% on two other loans. One of the other loans is secured by way of registered charges against the property of the company.

Share Capital

Share capital consists of 2 ordinary £1 shares.

10	Reserves
			Revaluation Reserve	Total other reserves
			£	£
		At 1 January 2023	305,804	305,804



		At 31 December 2023 and 1 January 2024	305,804	305,804
		Movement on revaluation reserve	(305,804)	(305,804)


		At 31 December 2024	-	-

		Revaluation reserve - reflects the revaluation of property other than investment properties.


		Profit and loss account - includes all current and prior period retained profits and losses.