E Trewin & Sons (Farms) Ltd 31/12/2022 iXBRL
E Trewin & Sons (Farms) Ltd 31/12/2022 iXBRL
Company registration number:
00969624
E TREWIN & SONS (FARMS) LTD
DIRECTORS AND OTHER INFORMATION
Directors |
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Secretary |
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Company number |
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Registered office |
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Accountants |
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Stanhope House | ||
9-10 Fore Street | ||
Holsworthy | ||
Devon | ||
EX22 6DT | ||
E TREWIN & SONS (FARMS) LTD
STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2022
2022 | 2021 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Intangible assets | 5 | - | - | ||||||
Tangible assets | 6 |
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Investments | 7 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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Debtors | 8 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 9 |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 10 |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Revaluation reserve | 11 |
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Profit and loss account | 11 |
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Shareholders funds |
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Directors responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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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 financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
29 September 2023
, and are signed on behalf of the board by:
Director
Company registration number:
00969624
E TREWIN & SONS (FARMS) LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Higher Northcott Barn, Northcott Road, Poughill, Bude, Cornwall, EX23 9EQ.
Principal activity
The principal activity of the company is that of farming and holiday lettings.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
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Office equipment | - |
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Motor vehicles | - |
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Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities.
Stocks
Government grants
Provisions
Financial instruments
Defined contribution plans
Share-based payments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
4
(2021:
4
).
5.
Intangible assets
Other intangible assets | Total | ||
£ | £ | ||
Cost | |||
At 1 January 2022 and 31 December 2022 |
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Amortisation | |||
At 1 January 2022 and 31 December 2022 |
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Carrying amount | |||
At 31 December 2022 | - | - | |
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At 31 December 2021 | - | - | |
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6.
Tangible assets
Freehold property | Plant and machinery | Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | £ | £ | ||
Cost | ||||||
At 1 January 2022 |
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Additions | - |
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At 31 December 2022 |
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Depreciation | ||||||
At 1 January 2022 | - |
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Charge for the year | - |
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At 31 December 2022 | - |
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Carrying amount | ||||||
At 31 December 2022 |
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At 31 December 2021 |
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7.
Investments
Other investments other than loans | Total | ||
£ | £ | ||
Cost | |||
At 1 January 2022 |
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Additions |
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At 31 December 2022 |
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Impairment | |||
At 1 January 2022 and 31 December 2022 | - | - | |
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Carrying amount | |||
At 31 December 2022 |
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At 31 December 2021 |
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8.
Debtors
2022 | 2021 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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9.
Creditors: amounts falling due within one year
2022 | 2021 | |||
£ | £ | |||
Trade creditors |
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Accruals and deferred income |
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Social security and other taxes | 11,315 | 284,772 | ||
Other creditors | 85,509 | 109,666 | ||
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116,247 | 434,145 | |||
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10.
Creditors: amounts falling due after more than one year
2022 | 2021 | |||
£ | £ | |||
Other creditors |
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11.
Reserves
12.
Directors advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company: | |||||
2022 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
Director |
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Director |
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2021 | |||||
Balance brought forward | Advances /(credits) to the directors | Amounts repaid | Balance o/standing | ||
£ | £ | £ | £ | ||
Director |
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Director |
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_______ | _______ | _______ | _______ | ||
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Directors' loans are repayable on demand and subject to interest on overdrawn balances at the official rate.