David King (Farms) Limited - Period Ending 2022-03-31

David King (Farms) Limited

Profit and Loss Account

Year Ended 31 March 2022

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

David King (Farms) Limited

Balance Sheet

31 March 2022

	Note	2022 £	2021 £
Current assets
Debtors	4	10,000	10,000
Capital and reserves
Called up share capital		10,000	10,000
Shareholders' funds		10,000	10,000

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 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 Board on 28 October 2022 and signed on its behalf by:

......................................... Mr J D Tremlett Director

Company Registration Number: 01874274

David King (Farms) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2022

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:
Chicksgrove Manor
Chicksgrove
Tisbury
Salisbury
Wiltshire
SP3 6NA

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including Section 1A, and the Companies Act 2006. There are no material departures from FRS 102.

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 company was dormant and has not traded during the year.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair 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.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2021 - 2).

4

Debtors

Current	Note	2022 £	2021 £
Amounts owed by related parties	5	10,000	10,000

David King (Farms) Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2022

5	Related party transactions

Summary of transactions with parent

Debtors include an interest-free loan of £10,000 (2021: £10,000) owing from the parent company that is repayable on demand.