Fallow Fields Lathe Barn Ltd

Contents

Statement of Financial Position	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Fallow Fields Lathe Barn Ltd

(Registration number: 13582578)
Statement of Financial Position as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	33,414	33,564
Current assets
Debtors	6	18,885	485
Cash at bank and in hand		19,407	54
		38,292	539
Creditors: Amounts falling due within one year	7	(99,102)	(159,974)
Net current liabilities		(60,810)	(159,435)
Total assets less current liabilities		(27,396)	(125,871)
Creditors: Amounts falling due after more than one year	7	(100,283)	-
Net liabilities		(127,679)	(125,871)
Capital and reserves
Called up share capital		100	100
Profit and loss account		(127,779)	(125,971)
Shareholders' deficit		(127,679)	(125,871)

For the financial year ending 30 September 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; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the Board on 24 September 2026 and signed on its behalf by:
 

Fallow Fields Lathe Barn Ltd

(Registration number: 13582578)
Statement of Financial Position as at 30 September 2025 (continued)

A J Cook Director

D J Bradley Director

Fallow Fields Lathe Barn Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fallow Fields, Lathe Barn
Donkey Street
Burmarsh
Romney Marsh
Kent
TN29 0JN
England

Principal activity

The principal activity of the company is that of recreational vehicle parks, trailer parks and camping grounds.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Going concern

The company meets its day to day working capital requirements through the support from the directors and group companies which will continue for the foreseeable future. On this basis, the directors consider it appropriate to prepare the financial statements on the going concern basis.

Fallow Fields Lathe Barn Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

2	Accounting policies (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	33.3% reducing balance

Impairment

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Borrowings

Fallow Fields Lathe Barn Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

2	Accounting policies (continued)

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 9 (2024 - 19).

4	Loss before tax

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation costs	16,968	16,783

Fallow Fields Lathe Barn Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

5	Tangible assets

	Plant and machinery £	Total £
Cost or valuation
At 1 October 2024	75,151	75,151
Additions	17,339	17,339
Disposals	(1,890)	(1,890)
At 30 September 2025	90,600	90,600
Depreciation
At 1 October 2024	41,588	41,588
Charge for the year	16,968	16,968
Eliminated on disposal	(1,370)	(1,370)
At 30 September 2025	57,186	57,186
Carrying amount
At 30 September 2025	33,414	33,414
At 30 September 2024	33,564	33,564

6

Debtors

	Note	2025 £	2024 £
Amounts owed by related parties	10	18,885	-
Other debtors		-	133
Prepayments		-	352
		18,885	485

Fallow Fields Lathe Barn Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	9,717	8,785
Trade creditors		4,228	11,052
Amounts owed to group undertakings and undertakings in which the company has a participating interest	10	24,406	117,082
Taxation and social security		44,866	5,628
Accruals and deferred income		12,086	16,973
Other creditors		3,799	454
		99,102	159,974