Park Farm Syndicate (Fairford) Limited - Accounts to registrar (filleted) - small 18.2
Park Farm Syndicate (Fairford) Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Park Farm Syndicate (Fairford) Limited |
| Financial Statements |
| for the Year Ended 30th September 2021 |
| Park Farm Syndicate (Fairford) Limited (Registered number: 00319584) |
| Contents of the Financial Statements |
| for the Year Ended 30th September 2021 |
| Page |
| Balance Sheet | 1 | to | 2 |
| Notes to the Financial Statements | 3 | to | 6 |
| Park Farm Syndicate (Fairford) Limited (Registered number: 00319584) |
| Balance Sheet |
| 30th September 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Investments | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Park Farm Syndicate (Fairford) Limited (Registered number: 00319584) |
| Balance Sheet - continued |
| 30th September 2021 |
| In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Park Farm Syndicate (Fairford) Limited (Registered number: 00319584) |
| Notes to the Financial Statements |
| for the Year Ended 30th September 2021 |
| 1. | STATUTORY INFORMATION |
| Park Farm Syndicate (Fairford) Limited is a |
| Registered number: |
| Registered office: |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Stocks |
| Stocks 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 Profit and Loss Account, 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. |
| Park Farm Syndicate (Fairford) Limited (Registered number: 00319584) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th September 2021 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements |
| Biomass | to | Plant and |
| unit | property | machinery |
| £ | £ | £ |
| COST |
| At 1st October 2020 |
| Additions |
| At 30th September 2021 |
| DEPRECIATION |
| At 1st October 2020 |
| Charge for year |
| At 30th September 2021 |
| NET BOOK VALUE |
| At 30th September 2021 |
| At 30th September 2020 |
| Park Farm Syndicate (Fairford) Limited (Registered number: 00319584) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th September 2021 |
| 4. | TANGIBLE FIXED ASSETS - continued |
| Fixtures |
| and | Motor |
| fittings | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1st October 2020 |
| Additions |
| At 30th September 2021 |
| DEPRECIATION |
| At 1st October 2020 |
| Charge for year |
| At 30th September 2021 |
| NET BOOK VALUE |
| At 30th September 2021 |
| At 30th September 2020 |
| The leasehold of the farm is held in the name of J A Iles Esq., a director of the company. The company pays an annual licence fee to J A Iles Esq. equivalent to the amount payable by him to the landlord. The buildings referred to above are on the land held under licence. |
| Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
| Fixtures |
| Plant and | and |
| machinery | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1st October 2020 |
| Additions |
| Transfer to ownership | 17,800 | (48,847 | ) | (31,047 | ) |
| At 30th September 2021 |
| DEPRECIATION |
| At 1st October 2020 |
| Charge for year |
| Transfer to ownership | 1,113 | (9,221 | ) | (8,108 | ) |
| At 30th September 2021 |
| NET BOOK VALUE |
| At 30th September 2021 |
| At 30th September 2020 |
| Park Farm Syndicate (Fairford) Limited (Registered number: 00319584) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30th September 2021 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Prepayments and accrued income |
| Loan - J J Power Limited |
| 6. | CURRENT ASSET INVESTMENTS |
| 2021 | 2020 |
| £ | £ |
| Unlisted investments | 7 | 7 |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Social security and other taxes |
| Directors' current accounts | 41,163 | 43,323 |
| Accrued expenses |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Bank loans |
| Preference shares | 4,000 | 4,000 |
| Hire purchase contracts |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Preference shares |