Mushill Farm Limited

Mushill Farm Limited
Contents Page
For the year ended 31 March 2025

Statement of financial position	1
Notes to the financial statements	2

Mushill Farm Limited
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	65,075	72,306
		65,075	72,306
Current assets
Stocks		24,750	84,500
Debtors		61,260	5,964
Cash at bank and in hand		76,068	1,082
		162,078	91,546
Creditors: amount falling due within one year		(41,990)	(9,802)
Net current assets		120,088	81,744

Total assets less current liabilities		185,163	154,050
Creditors: amount falling due after more than one year		(208,455)	(182,758)
Net assets		(23,292)	(28,708)

Capital and reserves
Called up share capital	4	102	102
Profit and loss account		(23,394)	(28,810)
Shareholders' funds		(23,292)	(28,708)

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 29 December 2025 and were signed on its behalf by:

-------------------------------
John-Paul SHEFFIELD
Director

1

Mushill Farm Limited
Notes to the Abridged Financial Statements
For the year ended 31 March 2025

General Information

Mushill Farm Limited is a private company, limited by shares, registered in , registration number 13999998, registration address Mushill Farm East Road, Wymeswold, Loughborough, Leicestershire, LE12 6ST.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

10% pa 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. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

2.	Average number of employees Average number of employees during the year was 1 (2024 : 1).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Total
	£	£
At 01 April 2024	88,028	88,028
Additions	-	-
Disposals	(15,722)	(15,722)
At 31 March 2025	72,306	72,306
Depreciation
At 01 April 2024	7,231	7,231
Charge for year	-	-
On disposals	-	-
At 31 March 2025	7,231	7,231
Net book values
Closing balance as at 31 March 2025	65,075	65,075
Opening balance as at 01 April 2024	72,306	72,306

4.

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
102 Class A shares of £1.00 each	102		102
	102		102

2

Registered Number: 13999998

MUSHILL FARM LIMITED

Abridged Accounts

Period of accounts Start date: 01 April 2024 End date: 31 March 2025