HARLTON FARMS LIMITED

HARLTON FARMS LIMITED

HARLTON FARMS LIMITED - Company Information

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HARLTON FARMS LIMITED

Company Registration Number:
00774702 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2022

Period of accounts

Start date: 01 October 2021

End date: 30 September 2022

HARLTON FARMS LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2022

Balance sheet
Notes

HARLTON FARMS LIMITED

Balance sheet

As at 30 September 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 1,524,156 1,330,166
Investments: 4 70,470 70,470
Total fixed assets: 1,594,626 1,400,636
Current assets
Stocks: 641,746 510,600
Debtors:   146,337 151,745
Cash at bank and in hand: 107,937 11,408
Total current assets: 896,020 673,753
Creditors: amounts falling due within one year:   (358,540) (333,183)
Net current assets (liabilities): 537,480 340,570
Total assets less current liabilities: 2,132,106 1,741,206
Creditors: amounts falling due after more than one year:   (734,882) (647,463)
Provision for liabilities: (80,000) (45,500)
Total net assets (liabilities): 1,317,224 1,048,243
Capital and reserves
Called up share capital: 25,000 25,000
Profit and loss account: 1,292,224 1,023,243
Shareholders funds: 1,317,224 1,048,243

The notes form part of these financial statements

HARLTON FARMS LIMITED

Balance sheet statements

For the year ending 30 September 2022 the company was entitled to exemption 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 February 2023
and signed on behalf of the board by:

Name: B P Banks
Status: Director

The notes form part of these financial statements

HARLTON FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets and depreciation policy

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Land and buildings - 5% on cost Plant and machinery etc - 25% on reducing balance and 10% - 20% on cost

Other accounting policies

StocksStocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. TaxationTaxation for the year comprises current and deferred 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 or deferred taxation assets and liabilities are not discounted.Current tax is 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.Deferred taxDeferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.Pension costs and other post-retirement benefitsThe company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

HARLTON FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

2. Employees

2022 2021
Average number of employees during the period 4 4

HARLTON FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

3. Tangible Assets

Total
Cost £
At 01 October 2021 2,509,737
Additions 320,020
Disposals (173,562)
At 30 September 2022 2,656,195
Depreciation
At 01 October 2021 1,179,571
Charge for year 117,193
On disposals (164,725)
At 30 September 2022 1,132,039
Net book value
At 30 September 2022 1,524,156
At 30 September 2021 1,330,166

HARLTON FARMS LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2022

4. Fixed investments

Central Wool Growers Limited £256SFP rights £7,744Camgrain storage £62,740