REGISTERED NUMBER: 11741303 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Lower Easton Farm Limited

Page

Balance Sheet

1

FIXED ASSETS

32,516

7,577

CURRENT ASSETS

39,412

42,742

PREPAYMENTS AND ACCRUED INCOME

11,623

3,440

CREDITORS

Amounts falling due within one year

(53,361

)

(19,990

)

NET CURRENT (LIABILITIES)/ASSETS

(2,326

)

26,192

TOTAL ASSETS LESS CURRENT LIABILITIES

30,190

33,769

ACCRUALS AND DEFERRED INCOME

(20,411

)

(27,083

)

NET ASSETS

9,779

6,686

CAPITAL AND RESERVES

9,779

6,686

NOTES TO THE FINANCIAL STATEMENTS

1.	STATUTORY INFORMATION

Lower Easton Farm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11741303

Registered office:

Oake House

Silver Street

West Buckland

Wellington

Somerset

TA21 9LR

2.	AVERAGE NUMBER OF EMPLOYEES

The average number of employees including directors during the year was 1 (2023 - 1).

3.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr M L H Seager

Balance outstanding at start of year

(9,013

)

(4,860

)

Amounts advanced

85,058

65,681

Amounts repaid

(110,403

)

(69,834

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(34,358

)

(9,013

)

4.	BPS ENTITLEMENTS

As at 31 December 2023, the Company held Basic Payment Scheme (BPS) entitlements which were recognised as an intangible asset on the balance sheet.

During the financial year ended 31 December 2024, it was determined that the BPS entitlements no longer held any economic value due to the cessation of the Basic Payment Scheme. As a result, the entitlements were assessed to have a fair value of zero.

In accordance with FRS 105, the Company has derecognised the BPS entitlements from its balance sheet. The carrying amount of the entitlements as at 1 January 2024 was £nil. Therefore, there is no loss to be recognised in the profit and loss account for the year ended 31 December 2024.

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the director and authorised for issue on 26 September 2025 and were signed by:

Mr M L H Seager - Director