Company Registration No. 06079635 (England and Wales)
Setcops Farm Limited
Unaudited accounts
for the year ended 28 February 2025
Setcops Farm Limited
Unaudited accounts
Contents
Setcops Farm Limited
Company Information
for the year ended 28 February 2025
Director
Eleanor Ruth Rossington
Secretary
Eleanor Ruth Rossington
Company Number
06079635 (England and Wales)
Registered Office
Setcops Farm Cross Lane
North Kelsey
Lincolnshire
LN7 6JT
United Kingdom
Accountants
Taxez
5 South Charlotte Street
Edinburgh
EH2 4AN
Setcops Farm Limited
Statement of financial position
as at 28 February 2025
Tangible assets
3,425
5,754
Investment property
325,000
325,000
Cash at bank and in hand
1,559
1,559
Creditors: amounts falling due within one year
(25,903)
(34,961)
Net current liabilities
(19,772)
(31,435)
Total assets less current liabilities
308,653
299,319
Creditors: amounts falling due after more than one year
(1,925)
(5,981)
Provisions for liabilities
Net assets
306,140
292,579
Called up share capital
2
2
Revaluation reserve
137,158
137,158
Profit and loss account
168,980
155,419
Shareholders' funds
306,140
292,579
For the year ending 28 February 2025 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 director acknowledges her 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 and authorised for issue on 30 November 2025 and were signed on its behalf by
Eleanor Ruth Rossington
Director
Company Registration No. 06079635
Setcops Farm Limited
Notes to the Accounts
for the year ended 28 February 2025
Setcops Farm Limited is a private company, limited by shares, registered in England and Wales, registration number 06079635. The registered office is Setcops Farm Cross Lane, North Kelsey, Lincolnshire, LN7 6JT, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
Plant & machinery
20% R.B.
Fixtures & fittings
15% R.B.
Computer equipment
25% R.B.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Setcops Farm Limited
Notes to the Accounts
for the year ended 28 February 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2024
7,463
7,149
3,468
2,943
21,023
Disposals
-
(7,149)
-
-
(7,149)
At 28 February 2025
7,463
-
3,468
3,775
14,706
At 1 March 2024
5,667
4,886
2,535
2,181
15,269
Charge for the year
359
-
140
399
898
On disposals
-
(4,886)
-
-
(4,886)
At 28 February 2025
6,026
-
2,675
2,580
11,281
At 28 February 2025
1,437
-
793
1,195
3,425
At 29 February 2024
1,796
2,263
933
762
5,754
Fair value at 1 March 2024
325,000
At 28 February 2025
325,000
Amounts falling due within one year
Accrued income and prepayments
4,287
1,067
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
13,778
6,872
Taxes and social security
3,274
4,196
Loans from directors
(1,518)
3,170
Deferred income
9,950
19,780
8
Creditors: amounts falling due after more than one year
2025
2024
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).