Company Registration No. 03315889 (England and Wales)
Penhill Farm Limited
Unaudited accounts
for the year ended 31 March 2025
Penhill Farm Limited
Unaudited accounts
Contents
Penhill Farm Limited
Company Information
for the year ended 31 March 2025
Company Number
03315889 (England and Wales)
Registered Office
Sydeham Farm
Rackenford
Tiverton
Devon
EX16 8ER
Accountants
EllamWalker Accountants Ltd
Sydeham Farm
Rackenford
Tiverton
Devon
EX16 8ER
Penhill Farm Limited
Statement of financial position
as at 31 March 2025
Tangible assets
988,745
988,807
Cash at bank and in hand
156,507
24,149
Creditors: amounts falling due within one year
(97,910)
(8,436)
Net current assets
563,696
536,860
Net assets
1,576,441
1,549,667
Called up share capital
884,715
884,715
Revaluation reserve
46,493
46,493
Profit and loss account
645,233
618,459
Shareholders' funds
1,576,441
1,549,667
For the year ending 31 March 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 22 December 2025 and were signed on its behalf by
S Neish
Director
Company Registration No. 03315889
Penhill Farm Limited
Notes to the Accounts
for the year ended 31 March 2025
Penhill Farm Limited is a private company, limited by shares, registered in England and Wales, registration number 03315889. The registered office is Sydeham Farm, Rackenford, Tiverton, Devon, EX16 8ER.
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% Reducing Balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2024
988,495
11,650
1,000,145
At 31 March 2025
988,495
11,650
1,000,145
At 1 April 2024
-
11,338
11,338
Charge for the year
-
62
62
At 31 March 2025
-
11,400
11,400
At 31 March 2025
988,495
250
988,745
At 31 March 2024
988,495
312
988,807
5
Investments
Other investments
Valuation at 1 April 2024
24,000
Valuation at 31 March 2025
24,000
Penhill Farm Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
432,686
469,980
7
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
6,293
6,336
Allotted, called up and fully paid:
884,715 Ordinary shares of £1 each
884,715
884,715
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).