Farmford Limited - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: 01620112 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 December 2022

for

Farmford Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs V C Corrigall

A Sandbach

SECRETARY:

Jennings & Barrett

REGISTERED OFFICE:

Unit 2

Vogans Mill Wharf

Mill Street

London

SE1 2BZ

REGISTERED NUMBER:

01620112 (England and Wales)

ACCOUNTANTS:

Jacksons Accountants (Ascot) Limited

The Old Bakehouse

Course Road

Ascot

Berkshire

SL5 7HL

FIXED ASSETS

Tangible assets

4

959

994

CURRENT ASSETS

Debtors

5

10,544

14,148

Cash at bank

47,067

36,275

57,611

50,423

CREDITORS

Amounts falling due within one year

6

3,231

1,886

NET CURRENT ASSETS

54,380

48,537

TOTAL ASSETS LESS CURRENT LIABILITIES

55,339

49,531

PROVISIONS FOR LIABILITIES

7

7,323

5,323

NET ASSETS

48,016

44,208

CAPITAL AND RESERVES

Called up share capital

27

27

Retained earnings

47,989

44,181

SHAREHOLDERS' FUNDS

48,016

44,208

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2023 and were signed on its behalf by:

Mrs V C Corrigall - Director

1.	STATUTORY INFORMATION

Farmford Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents service charges levied on residents based on budgeted expenditure for the year. This company is not registered for VAT.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

2% on cost

Taxation

The company is a non-profit making enterprise and surpluses or deficits arising as a result of differences between service charges levied (based on estimated costs) and actual costs incurred do not fall within the scope of corporation tax. Tax is payable on investment income only.

Residential management transactions

A statutory trust is imposed over service charge monies received under Section 42 of the Landlord and Tenant Act 1987 and the company therefore acts as a trustee in this capacity. As such the closing balance of cash and other assets are held in trust by the company.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 January 2022

and 31 December 2022

1,778

DEPRECIATION

At 1 January 2022

784

Charge for year

35

At 31 December 2022

819

NET BOOK VALUE

At 31 December 2022

959

At 31 December 2021

994

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Service charges due

10,184

9,795

Prepayments

360

4,353

10,544

14,148

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.22

31.12.21

£

£

Service charges in advance

1,931

884

Accrued expenses

1,300

1,002

3,231

1,886

7.	PROVISIONS FOR LIABILITIES

31.12.22

31.12.21

£

£

Other provisions

Reserve fund

7,323

5,323