| Meudon Farm Limited |
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| Notes to the Accounts |
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| For The Year Ended 31 March 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers of the farming and contracting business. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Plant and machinery |
15% straight line |
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Motor vehicles |
25% straight line |
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Fixtures, fittings, and equipment |
33% straight line |
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Stocks |
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Stock is valued at the lower of cost and net realisable value. |
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| 2 |
Employees |
2025 |
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2024 |
| Number |
Number |
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Average number of persons employed by the company |
1 |
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1 |
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| 3 |
Tangible fixed assets |
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Fixtures and fittings |
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Plant and machinery etc |
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Motor vehicles |
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Total |
| £ |
£ |
£ |
£ |
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Cost |
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At 1 April 2024 |
1,988 |
|
16,505 |
|
1,907 |
|
20,400 |
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At 31 March 2025 |
1,988 |
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16,505 |
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1,907 |
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20,400 |
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Depreciation |
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At 1 April 2024 |
1,922 |
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11,883 |
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1,423 |
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15,228 |
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Charge for the year |
66 |
|
1,155 |
|
96 |
|
1,317 |
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At 31 March 2025 |
1,988 |
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13,038 |
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1,519 |
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16,545 |
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Net book value |
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At 31 March 2025 |
- |
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3,467 |
|
388 |
|
3,855 |
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At 31 March 2024 |
66 |
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4,622 |
|
484 |
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5,172 |
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| 4 |
Debtors |
2025 |
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2024 |
| £ |
£ |
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Trade debtors |
- |
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2,641 |
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| 5 |
Creditors: amounts falling due within one year |
2025 |
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2024 |
| £ |
£ |
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Trade creditors |
3,180 |
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5,838 |
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Taxation and social security costs |
3,187 |
|
492 |
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Directors loans |
13,461 |
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13,546 |
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19,828 |
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19,876 |
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| 6 |
Related parties |
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At the year end the company owed the Director £13461 (2024 £13546). |
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| 7 |
Other information |
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Meudon Farm Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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Whitehouse Cottage |
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Longdowns |
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Penryn |
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Cornwall |
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TR10 9DW |
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Registered number: 05555487 |