REGISTERED NUMBER: 02466033 (England and Wales)

Kings Farm Estate Ltd

Financial Statements for the Year Ended 31st March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J W Stephens

Mrs J M Stephens

SECRETARY:

Mrs J M Stephens

REGISTERED OFFICE:

Kings Farm Estate

Isington Road

Binsted

Hampshire

GU34 4PH

REGISTERED NUMBER:

02466033 (England and Wales)

ACCOUNTANTS:

Sheen Stickland

Chartered Accountants

2 Oriel Court

Omega Park

Alton

Hampshire

GU34 2YT

FIXED ASSETS

Tangible assets

4

127,165

197,428

Investments

5

669

669

127,834

198,097

CURRENT ASSETS

Stocks

12,007

33,455

Debtors

6

3,772

100

Cash at bank

3,809

16,149

19,588

49,704

CREDITORS

Amounts falling due within one year

7

7,143

96,243

NET CURRENT ASSETS/(LIABILITIES)

12,445

(46,539

)

TOTAL ASSETS LESS CURRENT LIABILITIES

140,279

151,558

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

242,503

242,503

Retained earnings

(102,324

)

(91,045

)

140,279

151,558

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th December 2025 and were signed on its behalf by:

J W Stephens - Director

1.	STATUTORY INFORMATION

Kings Farm Estate Ltd 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.

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.

Freehold property

-

not provided

Plant and machinery

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

Totals

£

£

£

£

COST

At 1st April 2024

125,501

69,847

19,351

214,699

Additions

-

15,179

-

15,179

Disposals

-

(85,026

)

-

(85,026

)

At 31st March 2025

125,501

-

19,351

144,852

DEPRECIATION

At 1st April 2024

-

-

17,271

17,271

Charge for year

-

-

416

416

At 31st March 2025

-

-

17,687

17,687

NET BOOK VALUE

At 31st March 2025

125,501

-

1,664

127,165

At 31st March 2024

125,501

69,847

2,080

197,428

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st April 2024

and 31st March 2025

669

NET BOOK VALUE

At 31st March 2025

669

At 31st March 2024

669

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

100

100

VAT

3,672

-

3,772

100

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

5

4

VAT

-

2,638

Directors' current accounts

3,638

86,661

Accruals and deferred income

3,500

6,940

7,143

96,243