Registration number:
Boarstall Farms Ltd
for the Period from 1 October 2021 to 31 March 2023
Boarstall Farms Ltd
(Registration number: 7413382)
Balance Sheet as at 31 March 2023
Note |
31 March |
30 September |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
300 |
300 |
|
Retained earnings |
13,986,739 |
8,401,132 |
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Shareholders' funds |
13,987,039 |
8,401,432 |
For the financial period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
Approved and authorised by the
......................................... |
Boarstall Farms Ltd
Notes to the Unaudited Financial Statements for the Period from 1 October 2021 to 31 March 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
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.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of sales/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.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Boarstall Farms Ltd
Notes to the Unaudited Financial Statements for the Period from 1 October 2021 to 31 March 2023
Tangible assets
Tangible assets are stated in the balance sheet 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 |
Land and buildings |
Nil |
Plant and machinery |
20% straight line |
Furniture and fittings |
25% straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, 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.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold in the ordinary course of business.
Trade debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised at the transaction price.
Boarstall Farms Ltd
Notes to the Unaudited Financial Statements for the Period from 1 October 2021 to 31 March 2023
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Tangible assets |
Land and buildings |
Fixtures and fittings |
Plant and machinery |
Total |
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Cost or valuation |
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At 1 October 2021 |
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Additions |
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Disposals |
- |
- |
( |
( |
At 31 March 2023 |
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Depreciation |
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At 1 October 2021 |
- |
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Charge for the period |
- |
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Eliminated on disposal |
- |
- |
( |
( |
At 31 March 2023 |
- |
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Carrying amount |
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At 31 March 2023 |
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At 30 September 2021 |
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Included within the net book value of land and buildings above is £13,382,091 (2021 - £7,492,144) in respect of freehold land and buildings.
Boarstall Farms Ltd
Notes to the Unaudited Financial Statements for the Period from 1 October 2021 to 31 March 2023
Stocks |
31 March |
30 September |
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Stock |
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Debtors |
31 March |
30 September |
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Trade debtors |
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Prepayments |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
Note |
31 March |
30 September |
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Due within one year |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Accruals and deferred income |
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Other creditors |
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Boarstall Farms Ltd
Notes to the Unaudited Financial Statements for the Period from 1 October 2021 to 31 March 2023
Share capital |
Allotted, called up and fully paid shares
31 March |
30 September |
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No. |
£ |
No. |
£ |
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|
100 |
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100 |
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|
100 |
|
100 |
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100 |
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100 |
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Related party transactions |
Summary of transactions with parent
Boarstall Farms Ltd
Notes to the Unaudited Financial Statements for the Period from 1 October 2021 to 31 March 2023
Loans from related parties
2023 |
Parent |
Total |
Advanced |
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Impairment |
( |
( |
At end of period |
- |
- |
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2021 |
Parent |
Total |
At start of period |
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Repaid |
( |
( |
Interest transactions |
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Impairment |
( |
( |
At end of period |
- |
- |
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Terms of loans from related parties
Parent and ultimate parent undertaking |
The company's immediate parent is
These financial statements are available upon request from The Estate Office, Dorton Road, Chilton, Aylesbury, Buckinghamshire, HP18 9NA
The ultimate controlling party is