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Company No: 07914207 (England and Wales)

# BOSCASTLE FARM SHOP LIMITED

### Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar

BOSCASTLE FARM SHOP LIMITED

## Unaudited Financial Statements

For the financial year ended 31 January 2025

Contents

BOSCASTLE FARM SHOP LIMITED

## BALANCE SHEET

As at 31 January 2025
BOSCASTLE FARM SHOP LIMITED

## BALANCE SHEET (continued)

As at 31 January 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 591,280 |  | 289,455
|  | 591,280 |  | 289,455
Current assets |  |  |  |
Stocks |  | 27,365 |  | 39,250
Debtors | 4 | 29,896 |  | 19,290
Cash at bank and in hand |  | 152,620 |  | 254,828
|  | 209,881 |  | 313,368
Creditors: amounts falling due within one year | 5 | ( 184,276) |  | ( 49,811)
Net current assets |  | 25,605 |  | 263,557
Total assets less current liabilities |  | 616,885 |  | 553,012
Provision for liabilities |  | ( 52,649) |  | ( 18,399)
Accruals and deferred income |  | ( 79,643) |  | ( 84,747)
Net assets |  | 484,593 |  | 449,866
Capital and reserves |  |  |  |
Called-up share capital | 6 | 600 |  | 600
Profit and loss account |  | 483,993 |  | 449,266
Total shareholders' funds |  | 484,593 |  | 449,866

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Boscastle Farm Shop Limited (registered number: 07914207) were approved and authorised for issue by the Board of Directors on 16 October 2025. They were signed on its behalf by:

Mr R Haddy Director |

BOSCASTLE FARM SHOP LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025
BOSCASTLE FARM SHOP LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Boscastle Farm Shop Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Boscastle Farm Shop, Hillsborough, St Juliot, Boscastle,, Cornwall, PL35 0HH, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Turnover

Turnover is stated net of VAT. Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. The company recognises revenue when:
The amount of revenue can reliably measured;
It is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings | 22 years straight line
Plant and machinery | 15 % reducing balance
Vehicles | 15 % reducing balance

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 35 |  | 29

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 February 2024 | 276,533 |  | 289,941 |  | 14,495 |  | 580,969
Additions | 244,093 |  | 92,372 |  | 0 |  | 336,465
At 31 January 2025 | 520,626 |  | 382,313 |  | 14,495 |  | 917,434
Accumulated depreciation |  |  |  |  |  |  |
At 01 February 2024 | 109,287 |  | 176,146 |  | 6,081 |  | 291,514
Charge for the financial year | 13,617 |  | 19,761 |  | 1,262 |  | 34,640
At 31 January 2025 | 122,904 |  | 195,907 |  | 7,343 |  | 326,154
Net book value |  |  |  |  |  |  |
At 31 January 2025 | 397,722 |  | 186,406 |  | 7,152 |  | 591,280
At 31 January 2024 | 167,246 |  | 113,795 |  | 8,414 |  | 289,455

#### 4. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 29,896 |  | 19,290

#### 5. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank overdrafts | 11,332 |  | 0
Trade creditors | 135,091 |  | 9,699
Other taxation and social security | 8,794 |  | 25,988
Other creditors | 29,059 |  | 14,124
| 184,276 |  | 49,811

#### 6. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary A Shares of £1 each shares of £ 1.00 each | 100 |  | 100
100 Ordinary B Shares of £1 each shares of £ 1.00 each | 100 |  | 100
100 Ordinary C Shares of £1 each shares of £ 1.00 each | 100 |  | 100
100 Ordinary D Shares of £1 each shares of £ 1.00 each | 100 |  | 100
100 Ordinary E Shares of £1 each shares of £ 1.00 each | 100 |  | 100
100 Ordinary shares of £1 each shares of £ 1.00 each | 100 |  | 100
| 600 |  | 600

#### 7. Financial commitments

Commitments

The total amount of financial commitments not included in the balance sheet is £84,665 (2024 : £88,936).

#### 8. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Balance brought forward | 8,775 |  | (21,345)
Advances to director | (21,063) |  | (62,880)
Repayments by director | 36,000 |  | 93,000
Interest charged on loan account | 0 |  | 0
Balance carried forward | 23,712 |  | 8,775

Other related party transactions

| 2025 |  | 2024
| £ |  | £
Balance brought forward | (17,076) |  | (8,124)
Advances to shareholder | (19,900) |  | (17,000)
Repayments by shareholder | 18,000 |  | 8,100
Interest charged on loan | (412) |  | (52)
Balance carried forward | (19,388) |  | (17,076)