Marks Barn Farm (Crewkerne) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00668711

Marks Barn Farm (Crewkerne) Limited

Filleted Unaudited Financial Statements

31 March 2025

Marks Barn Farm (Crewkerne) Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Investments	5		632,340	624,915

Current assets

Debtors	6	28,777	40,958
Cash at bank and in hand		146,794	154,698
		---------	---------
		175,571	195,656

Creditors: amounts falling due within one year	7	29,911		38,637
		---------		---------
Net current assets			145,660	157,019
			---------	---------
Total assets less current liabilities			778,000	781,934
			---------	---------

Capital and reserves

Called up share capital	8	800	800
Profit and loss account		777,200	781,134
		---------	---------
Shareholders funds		778,000	781,934
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

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.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Marks Barn Farm (Crewkerne) Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 19 January 2026 , and are signed on behalf of the board by:

Miss H F Lawrence
Director

Company registration number: 00668711

Marks Barn Farm (Crewkerne) Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The address of the registered office is Shutteroaks, Crewkerne, Somerset. The principal place of business is Shutteroaks, Crewkerne, Somerset.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Corporation tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Investments in associates

Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Investments

	Investments in Associates
	£
Cost
At 1 April 2024	624,915
Additions	7,425
	---------
At 31 March 2025	632,340
	---------
Impairment
At 1 April 2024 and 31 March 2025	–
	---------

Carrying amount
At 31 March 2025	632,340
	---------
At 31 March 2024	624,915
	---------

The Associated Undertaking is an interest in Marks Barn Farm Partnership, the other partners being Mr & Mrs Vickery commencing 1 September 2022.

The principal place of business of the partnership is Marks Barn Farm, Crewkerne, Somerset, and its principal activity is that of farming. The total Operating and Net Profit of the partnership for the year to 31st March 2025 was £34,816 and the company's share amounted to £1,658. The capital of the partners was £664,015 (2024 £658,241) of which the company's share was £632,340 (2024 £624,915).

6. Debtors

	2025	2024
	£	£
Trade debtors	–	8,360
Other debtors	28,777	32,598
	--------	--------
	28,777	40,958
	--------	--------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	2,911	5,925
Corporation tax	–	5,712
Other creditors	27,000	27,000
	--------	--------
	29,911	38,637
	--------	--------

8. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary A shares of £ 1 each	100	100	100	100
Ordinary B shares of £ 1 each	100	100	100	100
Ordinary C shares of £ 1 each	600	600	600	600
	----	----	----	----
	800	800	800	800
	----	----	----	----

Shareholders of the respective classes are only interested in the net assets of the departments of the company corresponding to their holdings.