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Company Registration No. 11628016 (England and Wales)
Square Mile Farms Limited Unaudited accounts for the year ended 31 December 2024
Square Mile Farms Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Square Mile Farms Limited Company Information for the year ended 31 December 2024
Directors
Patrick Dumas Johnathan Ransom Thomas William Palfreyman Alisdair Grant Benjamin Dean
Secretary
CC SECRETARIES LTD
Company Number
11628016 (England and Wales)
Registered Office
1st Floor One Suffolk Way Sevenoaks TN13 1YL
Accountants
One Abacus Limited Coldharbour Works 245a Coldharbour Lane London SW9 8RR
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Square Mile Farms Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
25,045 
35,505 
Current assets
Inventories
51,720 
34,843 
Debtors
5
196,276 
230,690 
Cash at bank and in hand
140,871 
85,334 
388,867 
350,867 
Creditors: amounts falling due within one year
6
(106,574)
(115,877)
Net current assets
282,293 
234,990 
Total assets less current liabilities
307,338 
270,495 
Creditors: amounts falling due after more than one year
7
(535,000)
(110,000)
Net (liabilities)/assets
(227,662)
160,495 
Capital and reserves
Called up share capital
2 
2 
Share premium
1,140,778 
1,140,778 
Profit and loss account
(1,368,442)
(980,285)
Shareholders' funds
(227,662)
160,495 
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 directors acknowledge their 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 of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by
Patrick Dumas Director Company Registration No. 11628016
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Square Mile Farms Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Square Mile Farms Limited is a private company, limited by shares, registered in England and Wales, registration number 11628016. The registered office is 1st Floor One Suffolk Way, Sevenoaks, TN13 1YL.
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:
Land & buildings
25% Straight Line Basis
Plant & machinery
25% Straight Line Basis
Fixtures & fittings
25% Straight Line Basis
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2024
42,779 
47,170 
6,443 
96,392 
Additions
- 
- 
2,534 
2,534 
At 31 December 2024
42,779 
47,170 
8,977 
98,926 
Depreciation
At 1 January 2024
10,695 
46,368 
3,824 
60,887 
Charge for the year
10,695 
689 
1,610 
12,994 
At 31 December 2024
21,390 
47,057 
5,434 
73,881 
Net book value
At 31 December 2024
21,389 
113 
3,543 
25,045 
At 31 December 2023
32,084 
802 
2,619 
35,505 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
196,276 
230,690 
- 5 -
Square Mile Farms Limited Notes to the Accounts for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,299 
4,375 
VAT
27,158 
43,397 
Trade creditors
24 
1,077 
Other creditors
2,519 
2,454 
Loans from directors
74,574 
64,574 
106,574 
115,877 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
535,000 
110,000 
8
Average number of employees
During the year the average number of employees was 20 (2023: 20).
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