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POPLAR FARM CAMPSITE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Poplar Farms Campsite Ltd is a private company, limited by shares, registered in England and Wales with registered number 14288951. The Company's registered office is TNP Hargham Road, Shropham, Attleborough, England, NR17 1DS.
The financial statements are prepared in sterling which is the functional currency of the Company. Monetary amounts are rounded to the nearest £1.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
On 30th June 2025, the Company's operations, assets and liabilites were hived up to M G Farms Limited. Following completion of the hive up, it is the Director's intention to wind up the Company. Therefore, as required by UK accounting standards, the Director has prepared the financial statements on the basis that the Company is no longer a going concern.
No material adjustments arose as a result of ceasing to apply the going concern basis.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
∙the amount of revenue can be measured reliably;
∙it is probable that the Company will receive the consideration due under the contract;
∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and
∙the costs incurred and the costs to complete the contract can be measured reliably.
The director considers the above criteria to be met on the day that a customer stays on the campsite.
Interest income is recognised in profit or loss using the effective interest method.
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