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Company Registration No. 12112639 (England and Wales)
Airfield Farm Limited Unaudited accounts for the year ended 31 July 2025
Airfield Farm Limited Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Airfield Farm Limited Company Information for the year ended 31 July 2025
Directors
Stephen Eustace Stephen Eustace
Company Number
12112639 (England and Wales)
Registered Office
Airfield Farm Cottage Monewden Woodbridge IP13 7DF England
Accountants
ABBEYGATE ACCOUNTANCY LTD UNIT 27 STATION HILL THURSTON BURY ST. EDMUNDS ENGLAND IP31 3QU
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Airfield Farm Limited Accountants' report
Accountants' report to the board of directors of Airfield Farm Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 July 2025.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 July 2025. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
ABBEYGATE ACCOUNTANCY LTD UNIT 27 STATION HILL THURSTON BURY ST. EDMUNDS ENGLAND IP31 3QU 8 April 2026
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Airfield Farm Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
73,273
78,594
Current assets
Debtors
5
14,163
32,734
Cash at bank and in hand
1,245
589
15,408
33,323
Creditors: amounts falling due within one year
6
(107,426)
(89,917)
Net current liabilities
(92,018)
(56,594)
Total assets less current liabilities
(18,745)
22,000
Creditors: amounts falling due after more than one year
7
(14,583)
(39,673)
Provisions for liabilities
Deferred tax
(10,930)
(10,695)
Net liabilities
(44,258)
(28,368)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(44,358)
(28,468)
Shareholders' funds
(44,258)
(28,368)
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 8 April 2026 and were signed on its behalf by
Stephen Eustace Director Company Registration No. 12112639
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Airfield Farm Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Airfield Farm Limited is a private company, limited by shares, registered in England and Wales, registration number 12112639. The registered office is Airfield Farm Cottage, Monewden, Woodbridge, IP13 7DF, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Land & buildings
10% Reducing balance
Plant & machinery
15% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
25% Reducing balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 August 2024
7,519
91,509
290
99,318
Additions
-
6,550
-
6,550
At 31 July 2025
7,519
98,059
290
105,868
Depreciation
At 1 August 2024
2,095
18,593
36
20,724
Charge for the year
542
11,265
64
11,871
At 31 July 2025
2,637
29,858
100
32,595
Net book value
At 31 July 2025
4,882
68,201
190
73,273
At 31 July 2024
5,424
72,916
254
78,594
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Airfield Farm Limited Notes to the Accounts for the year ended 31 July 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
540
-
Accrued income and prepayments
-
8,467
Other debtors
13,623
24,267
14,163
32,734
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
10,000
10,000
VAT
324
(1,271)
Obligations under finance leases and hire purchase contracts
15,042
15,042
Trade creditors
604
7,828
Taxes and social security
416
419
Loans from directors
81,040
54,407
Accruals
-
3,492
107,426
89,917
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
6,667
16,667
Obligations under finance leases and hire purchase contracts
5,207
20,297
Other creditors
2,709
2,709
14,583
39,673
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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