Company Registration No. 03315889 (England and Wales)
Penhill Farm Limited
Unaudited accounts
for the year ended 31 March 2021
Penhill Farm Limited
Unaudited accounts
Contents
Penhill Farm Limited
Company Information
for the year ended 31 March 2021
Company Number
03315889 (England and Wales)
Registered Office
Sydeham Farm
Rackenford
Tiverton
Devon
EX16 8ER
Accountants
EllamWalker Ltd
Sydeham Farm
Rackenford
Tiverton
Devon
EX16 8ER
Penhill Farm Limited
Statement of financial position
as at 31 March 2021
Tangible assets
989,104
989,256
Inventories
132,926
60,222
Cash at bank and in hand
104,590
80,428
Creditors: amounts falling due within one year
(28,395)
(14,848)
Net current assets
480,905
384,012
Net assets
1,494,009
1,397,268
Called up share capital
884,715
884,715
Revaluation reserve
46,493
46,493
Profit and loss account
562,801
466,060
Shareholders' funds
1,494,009
1,397,268
For the year ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 December 2021 and were signed on its behalf by
S Neish
Director
Company Registration No. 03315889
Penhill Farm Limited
Notes to the Accounts
for the year ended 31 March 2021
Penhill Farm Limited is a private company, limited by shares, registered in England and Wales, registration number 03315889. The registered office is Sydeham Farm, Rackenford, Tiverton, Devon, EX16 8ER.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2020
988,495
11,650
1,000,145
At 31 March 2021
988,495
11,650
1,000,145
At 1 April 2020
-
10,889
10,889
Charge for the year
-
152
152
At 31 March 2021
-
11,041
11,041
At 31 March 2021
988,495
609
989,104
At 31 March 2020
988,495
761
989,256
5
Investments
Other investments
Valuation at 1 April 2020
24,000
Valuation at 31 March 2021
24,000
Penhill Farm Limited
Notes to the Accounts
for the year ended 31 March 2021
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
261,074
251,370
Accrued income and prepayments
-
5,400
7
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
22,742
9,228
Loans from directors
545
545
Allotted, called up and fully paid:
884,715 Ordinary shares of £1 each
884,715
884,715
9
Transactions with related parties
Included in creditors is a directors loan account of £545 (2020 - £545).
10
Average number of employees
During the year the average number of employees was 0 (2020: 0).
