Green Valley Farming Limited - Accounts to registrar (filleted) - small 18.2

Green Valley Farming Limited - Accounts to registrar (filleted) - small 18.2

GREEN VALLEY FARMING LIMITED - Company Information

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REGISTERED NUMBER: 03571669 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2021

FOR

GREEN VALLEY FARMING LIMITED
GREEN VALLEY FARMING LIMITED (REGISTERED NUMBER: 03571669)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


GREEN VALLEY FARMING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2021







DIRECTOR: N E F England





REGISTERED OFFICE: Triple Crown House Off Llantwit Major Rd
Llandow
Cowbridge
South Glamorgan
CF71 7PB





REGISTERED NUMBER: 03571669 (England and Wales)





ACCOUNTANTS: Aspen Waite Corporate Solutions
Aspen Marketing Limited
Chartered Certified Accountants
Rubis House
15 Friarn Street
Bridgwater
Somerset
TA6 3LH
Page 1
GREEN VALLEY FARMING LIMITED (REGISTERED NUMBER: 03571669)

BALANCE SHEET
31ST JANUARY 2021

31/1/21 31/1/20
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,308,650 910,150

CURRENT ASSETS
Stocks 375,000 75,000
Debtors 5 849,266 374,236
Cash in hand 2 2
1,224,268 449,238
CREDITORS
Amounts falling due within one year 6 (1,064,200 ) (81,020 )
NET CURRENT ASSETS 160,068 368,218
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,468,718
1,278,368

CREDITORS
Amounts falling due after more than one
year
7
(1,080,180
)
(1,080,180
)
NET ASSETS 388,538 198,188

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 388,536 198,186
388,538 198,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The notes form part of these financial statements

Page 2 continued...
GREEN VALLEY FARMING LIMITED (REGISTERED NUMBER: 03571669)

BALANCE SHEET - continued
31ST JANUARY 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 17th February 2021 and were signed by:





N E F England - Director


The notes form part of these financial statements

Page 3
GREEN VALLEY FARMING LIMITED (REGISTERED NUMBER: 03571669)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2021

1. STATUTORY INFORMATION

Green Valley Farming Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided in order to write off an asset over its estimated useful life. On this basis the Land has not been depreciated.

The Company continued to improve its land by virtue of a land remediation scheme. During the year the Company transferred some of its land into stock to generate some trading revenue.

Stocks
Stocks and Work in Progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Land remediation
Expenditure on Land remediation has been capitalised in the year in which it was incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

Page 4 continued...
GREEN VALLEY FARMING LIMITED (REGISTERED NUMBER: 03571669)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2021

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1st February 2020 910,150
Additions 848,500
Reclassification/transfer (450,000 )
At 31st January 2021 1,308,650
NET BOOK VALUE
At 31st January 2021 1,308,650
At 31st January 2020 910,150

The Company continued to improve its land by virtue of a land remediation scheme. During the year the Company transferred some of its land into stock to generate some trading revenue.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/21 31/1/20
£    £   
Trade debtors 227,520 -
Amounts owed by group undertakings 141,404 -
Tax 173,094 204,036
VAT 307,248 170,200
849,266 374,236

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/21 31/1/20
£    £   
Trade creditors 1,018,200 -
Amounts owed to group undertakings 30,000 60,000
Accrued expenses 16,000 21,020
1,064,200 81,020

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/21 31/1/20
£    £   
Amounts owed to associates 1,080,180 1,080,180

8. AMOUNTS OWED TO ASSOCIATED COMPANY

At the year end the Company owed £1,080,180 (2020 - £1,080,180) to a connected company, England Environmental (Northern) Ltd. In order to finance this land remediation work the company has given an interest in this land to this connected company,

Page 5