Company registration number 02588101 (England and Wales)
NORTH DAIRY FARMS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2022
PAGES FOR FILING WITH REGISTRAR
NORTH DAIRY FARMS LTD
BALANCE SHEET
AS AT
30 NOVEMBER 2022
30 November 2022
- 1 -
2022
2021
£
£
£
£
Fixed assets
3,837,783
3,899,849
Current assets
257,825
224,637
Creditors: amounts falling due within one year
(232,693)
(220,793)
Net current assets
25,132
3,844
Total assets less current liabilities
3,862,915
3,903,693
Creditors: amounts falling due after more than one year
(858,272)
(906,283)
Accruals and deferred income
(5,230)
(4,618)
Net assets
2,999,413
2,992,792
Capital and reserves
2,999,413
2,992,792
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
The company made the following loans and advances to directors:
Advances to Directors
During the year £24,814 was advanced to a director and £2,696 was subsequently repaid. The balance owed by the director at the beginning of the year was £48,390 and at the end of the year was £71,672. Loan interest of £1,164 was charged during the year. Interest is charged on balances over £10,000 at 2%. The loan is repayable on demand.
2
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2022
2021
Number
Number
Employees
1
1
3
Charges on Assets
The company had bank loans totalling £928,588 (2021 £1,011,224) which are secured on a fixed and floating charge over the assets of the company.
4
Operating Lease Commitments
At the reporting date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £2,600 (2021 £2,600).
NORTH DAIRY FARMS LTD
BALANCE SHEET (CONTINUED)
AS AT
30 NOVEMBER 2022
30 November 2022
- 2 -
North Dairy Farms Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Bishopbrook House, Cathedral Avenue, WELLS, Somerset, BA5 1FD.
For the year ended 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 17 July 2023
Mrs S Hosie
Director
Company registration number 02588101 (England and Wales)