Goose Green Farm Limited - Accounts to registrar (filleted) - small 22.3
Goose Green Farm Limited - Accounts to registrar (filleted) - small 22.3
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 |
FOR |
GOOSE GREEN FARM LIMITED |
GOOSE GREEN FARM LIMITED (REGISTERED NUMBER: 09997235) |
CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 March 2022 |
Page |
Company Information | 1 |
Abridged Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
GOOSE GREEN FARM LIMITED |
COMPANY INFORMATION |
For The Year Ended 31 March 2022 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
GOOSE GREEN FARM LIMITED (REGISTERED NUMBER: 09997235) |
ABRIDGED BALANCE SHEET |
31 March 2022 |
2022 | 2021 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Cash in hand |
CREDITORS |
Amounts falling due within one year |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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. |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
GOOSE GREEN FARM LIMITED (REGISTERED NUMBER: 09997235) |
NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 March 2022 |
1. | STATUTORY INFORMATION |
Goose Green Farm Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis, which the directors consider to be appropriate, as they have agreed to provide the necessary finance to enable the company to meet its liabilities as they fall due. |
Investment land and properties |
Investment land and properties are measured at fair value at each reporting date, with gains or losses recognised in the profit or loss account. Land and properties are revalued annually using an open market valuation basis. Material deferred tax is provided on these gains at the rate expected to apply when the property is sold. |
Financial instruments |
The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss. |
Taxation |
Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. |
Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits. |
Current tax assets and liabilities are not discounted and are 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2021 |
and 31 March 2022 |
NET BOOK VALUE |
At 31 March 2022 |
At 31 March 2021 |
Included in fair value of investment property is freehold land of £ 412,000 (2021 - £ 412,000 ) which is not depreciated. |
GOOSE GREEN FARM LIMITED (REGISTERED NUMBER: 09997235) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 March 2022 |
5. | RELATED PARTY DISCLOSURES |
During the year ended 31 March 2022, Goose Green Farm Limited entered into the following transactions with group undertakings: |
Goose Green Farm Limited received loans in respect of shared transactions totalling £576 (2021 - £650). |
As at 31 March 2022, the balance due to group undertakings was £6,968 (2021 - £6,392) and this amount is included within Creditors due within one year. |