Alveberdon Farming Limited - Period Ending 2022-03-31

Alveberdon Farming Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 6

Alveberdon Farming Limited

Balance Sheet

31 March 2022

	Note	2022 £	2021 £
Fixed assets
Investments	4	1,949,715	1,949,715
Current assets
Debtors	5	26,181	-
Creditors: Amounts falling due within one year	6	(383,480)	(402,299)
Net current liabilities		(357,299)	(402,299)
Net assets		1,592,416	1,547,416
Capital and reserves
Called up share capital		800,000	800,000
Profit and loss account		792,416	747,416
Shareholders' funds		1,592,416	1,547,416

Alveberdon Farming Limited

Balance Sheet

31 March 2022

For the financial year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 21 December 2022 and signed on its behalf by:
 

......................................... Mr A P Dineley Director

Company Registration Number: 03441758

Alveberdon Farming 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:
Woodlands House
Berwick St John
Shaftesbury
Dorset
SP7 0EX

These financial statements were authorised for issue by the Board on 21 December 2022.

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.

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.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Alveberdon Farming Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2022

Financial instruments

Classification
The company holds the following financial instrument:

• Short term other creditors;

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2021 - 0).

4	Investments

	2022 £	2021 £
Investments in subsidiaries	1,949,715	1,949,715

Subsidiaries	£
Cost or valuation
At 1 April 2021	1,949,715
Provision
Carrying amount
At 31 March 2022	1,949,715
At 31 March 2021	1,949,715

Alveberdon Farming Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2022

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2022	2021
Subsidiary undertakings
Dineley Farming Company Limited	Woodlands House Berwick St John Shaftesbury Dorset SP7 0EX England & Wales	Ordinary share capital	60%	60%

Subsidiary undertakings

Dineley Farming Company Limited The principal activity of Dineley Farming Company Limited is farming.

5

Debtors

Current	2022 £	2021 £
Other debtors	26,181	-

6

Creditors

Creditors: amounts falling due within one year

	2022 £	2021 £
Due within one year
Other creditors	383,480	402,299

Alveberdon Farming Limited

Notes to the Unaudited Financial Statements

Year Ended 31 March 2022

7	Related party transactions

Summary of transactions with all subsidiaries

Dineley Farming Company Limited
 Subsidiary party
 The company received £45,000 of dividends in the year (2021:£nil) from Dineley Farming Company Limited.
During the year the company has an interest free loan, repayable on demand with Dineley Farming Company Limited. At the balance sheet date the amount due to Dineley Farming Company Limited was £383,480 (2021 - £402,299).