Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Frith Park Farm Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D A B Sanders

A N M Sanders

W V Thornton

SECRETARY:

D A B Sanders

REGISTERED OFFICE:

Buckland Estate Office

Lawrence Lane

Buckland

Betchworth

Surrey

RH3 7BE

REGISTERED NUMBER:

00665530 (England and Wales)

ACCOUNTANTS:

Williams & Co Epsom LLP

Chartered Accountants

8-10 South Street

Epsom

Surrey

KT18 7PF

FIXED ASSETS

Tangible assets

4

282,699

285,655

Investments

5

3,604,498

5,885,750

Investment property

6

158,730

798,179

4,045,927

6,969,584

CURRENT ASSETS

Debtors

7

5,202,396

1,058,779

Cash at bank and in hand

74,225

1,079,859

5,276,621

2,138,638

CREDITORS

Amounts falling due within one year

8

6,568,968

7,549,450

NET CURRENT LIABILITIES

(1,292,347

)

(5,410,812

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,753,580

1,558,772

PROVISIONS FOR LIABILITIES

9

32,586

32,586

NET ASSETS

2,720,994

1,526,186

CAPITAL AND RESERVES

Called up share capital

10

3

3

Fair value reserve

11

64,260

64,260

Retained earnings

2,656,731

1,461,923

SHAREHOLDERS' FUNDS

2,720,994

1,526,186

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 directors acknowledge their 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2025 and were signed on its behalf by:

D A B Sanders - Director

1.	STATUTORY INFORMATION

Frith Park Farm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

15% on cost

Motor vehicles

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2024

240,990

144,119

12,852

9,900

407,861

Additions

-

7,977

-

-

7,977

At 31 December 2024

240,990

152,096

12,852

9,900

415,838

DEPRECIATION

At 1 January 2024

-

108,813

8,956

4,437

122,206

Charge for year

-

8,107

1,460

1,366

10,933

At 31 December 2024

-

116,920

10,416

5,803

133,139

NET BOOK VALUE

At 31 December 2024

240,990

35,176

2,436

4,097

282,699

At 31 December 2023

240,990

35,306

3,896

5,463

285,655

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

5,885,750

Additions

4,910,639

Disposals

(7,273,562

)

Revaluations

81,671

At 31 December 2024

3,604,498

NET BOOK VALUE

At 31 December 2024

3,604,498

At 31 December 2023

5,885,750

Other investments are carried at market value and are revalued annually using information provided by the entity's investment brokers. Where an investment valuation is not readily available, the directors exert their judgement when reaching a valuation.

If the investments were not carried at a revalued amount, they would be carried at their cost value of £5,803,729.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

798,179

Disposals

(639,449

)

At 31 December 2024

158,730

NET BOOK VALUE

At 31 December 2024

158,730

At 31 December 2023

798,179

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

4,217

4,703

Amounts owed by group undertakings

5,026,923

-

Other debtors

171,145

1,050,046

Prepayments

111

4,030

5,202,396

1,058,779

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

12,783

23,801

Amounts owed to group undertakings

3,653,181

-

Tax

294,972

287,734

VAT

67,532

1,241

Other creditors

7,862

9,686

Directors' current accounts

2,527,993

7,205,193

Accruals and deferred income

1,995

19,145

Accrued expenses

2,650

2,650

6,568,968

7,549,450

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

32,586

32,586

Deferred

tax

£

Balance at 1 January 2024

32,586

Balance at 31 December 2024

32,586

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

273

Ordinary

1p

3

3

11.

RESERVES

Fair

value

reserve

£

At 1 January 2024

and 31 December 2024

64,260

12.	ULTIMATE CONTROLLING PARTY

The controlling party is D A B Sanders.