Green Valley Farming Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03571669 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

GREEN VALLEY FARMING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr N E F England

REGISTERED OFFICE:

Pwll-y-Darren Farm

Welsh St Donats

Cowbridge

South Glamorgan

CF71 7SS

REGISTERED NUMBER:

03571669 (England and Wales)

ACCOUNTANTS:

Aspen Waite Corporate Solutions

Aspen Marketing Limited

Chartered Certified Accountants

Rubis House

15 Friarn Street

Bridgwater

Somerset

TA6 3LH

FIXED ASSETS

Tangible assets

4

1,308,650

1,308,650

CURRENT ASSETS

Stocks

300,000

300,000

Debtors

5

849,266

849,266

Cash in hand

2

2

1,149,268

1,149,268

CREDITORS

Amounts falling due within one year

6

(1,064,200

)

(1,064,200

)

NET CURRENT ASSETS

85,068

85,068

TOTAL ASSETS LESS CURRENT LIABILITIES

1,393,718

1,393,718

CREDITORS

Amounts falling due after more than one year

7

(1,080,180

)

(1,080,180

)

NET ASSETS

313,538

313,538

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

313,536

313,536

313,538

313,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 and authorised for issue by the director and authorised for issue on 26th October 2023 and were signed by:

Mr N E F England - Director

1.	STATUTORY INFORMATION

Green Valley Farming 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

TANGIBLE FIXED ASSETS

Depreciation is provided in order to write off an asset over its estimated useful life. On this basis the Land has not been depreciated.

The Company continued to improve its land by virtue of a land remediation scheme. During the year the Company transferred some of its land into stock to generate some trading revenue.

STOCKS

Stocks and Work in Progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

Taxation 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 TAX

Deferred 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.

LAND REMEDIATION

Expenditure on Land remediation has been capitalised in the year in which it was incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1st February 2022

and 31st January 2023

1,308,650

NET BOOK VALUE

At 31st January 2023

1,308,650

At 31st January 2022

1,308,650

The Company continued to improve its land by virtue of a land remediation scheme. During the year the Company transferred some of its land into stock to generate some trading revenue.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/23

31/1/22

£

£

Trade debtors

227,520

227,520

Amounts owed by group undertakings

141,404

141,404

Tax

173,094

173,094

VAT

307,248

307,248

849,266

849,266

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/23

31/1/22

£

£

Trade creditors

1,018,200

1,018,200

Amounts owed to group undertakings

30,000

30,000

Accrued expenses

16,000

16,000

1,064,200

1,064,200

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/1/23

31/1/22

£

£

Amounts owed to associates

1,080,180

1,080,180