Egypt Farm Limited - Period Ending 2022-04-05
Egypt Farm Limited - Period Ending 2022-04-05
Year Ended
Registration number:
Egypt Farm Limited
Balance Sheet
5 April 2022
Note |
2022 |
2021 |
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Fixed assets |
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Tangible assets |
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Creditors: Amounts falling due within one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Total equity |
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Egypt Farm Limited
Balance Sheet
5 April 2022
For the financial year ending 5 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
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
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Company Registration Number: 00801180
Egypt Farm Limited
Notes to the Unaudited Financial Statements
Year Ended 5 April 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
The principal place of business is:
Pen Mill Farm
Coombe Street
Pen Selwood
Wincanton
Somerset
BA9 8NF
United Kingdom
These financial statements were authorised for issue by the
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 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' 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.
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Egypt Farm Limited
Notes to the Unaudited Financial Statements
Year Ended 5 April 2022
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Freehold land and buildings |
Nil |
Financial instruments
Classification
• Short term trade and other debtors and creditors;
All financial instruments are classified as basic.
Recognition and measurement
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.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Egypt Farm Limited
Notes to the Unaudited Financial Statements
Year Ended 5 April 2022
Tangible assets |
Land and buildings |
Total |
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Cost or valuation |
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At 6 April 2021 |
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At 5 April 2022 |
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Depreciation |
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Carrying amount |
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At 5 April 2022 |
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At 5 April 2021 |
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Included within the net book value of land and buildings above is £88,564 (2021 - £88,564) in respect of freehold land and buildings.
Creditors |
Creditors: amounts falling due within one year
2022 |
2021 |
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Due within one year |
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Corporation tax |
361 |
365 |
Taxation and social security |
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Other creditors |
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Egypt Farm Limited
Notes to the Unaudited Financial Statements
Year Ended 5 April 2022
Share capital |
Allotted, called up and not fully paid shares
2022 |
2021 |
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No. |
£ |
No. |
£ |
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666 |
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666 |
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334 |
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334 |
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1,000 |
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1,000 |
666 A Ordinary £1 shares and 334 B Ordinary £1 shares have been issued as nil paid.
Rights, preferences and restrictions
A Ordinary have the following rights, preferences and restrictions: |
B Ordinary have the following rights, preferences and restrictions: |
Related party transactions |
Summary of transactions with other related parties
The balance owing to the directors at the year end was £45,092 (2021: £45,869).