Goose Green Farm Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 09997235 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

GOOSE GREEN FARM LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

C A de Klee

H F M Fiddian-Green

N P Hutley

O Hutley

REGISTERED OFFICE:

Wintershall Estate

Bramley

Guildford

Surrey

GU5 0LR

REGISTERED NUMBER:

09997235 (England and Wales)

FIXED ASSETS

Investment property

4

412,000

412,000

CURRENT ASSETS

Cash in hand

100

100

CREDITORS

Amounts falling due within one year

422,319

421,743

NET CURRENT LIABILITIES

(422,219

)

(421,643

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(10,219

)

(9,643

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(10,319

)

(9,743

)

(10,219

)

(9,643

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2023 and were signed on its behalf by:

O Hutley - Director

1.	STATUTORY INFORMATION

Goose Green Farm 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.

The financial statements have been prepared on a going concern basis, which the directors consider to be appropriate, as they have agreed to provide the necessary finance to enable the company to meet its liabilities as they fall due.

Investment land and properties

Investment land and properties are measured at fair value at each reporting date, with gains or losses recognised in the profit or loss account. Land and properties are revalued annually using an open market valuation basis. Material deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

The company enters into basic financial instruments, which result in the recognition of financial assets and liabilities. Financial instruments are recognised at amortised cost. At the end of each reporting period financial instruments are assessed for evidence of impairment, and changes are recognised in profit or loss.

Taxation

Taxation for the year comprises current 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 tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods.

Consideration is given to whether deferred tax should be provided in respect of material timing differences which have not reversed at the balance sheet date. Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or future taxable profits.

Current tax assets and liabilities are not discounted and are 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2022

and 31 March 2023

412,000

NET BOOK VALUE

At 31 March 2023

412,000

At 31 March 2022

412,000

Included in fair value of investment property is freehold land of £ 412,000 (2022 - £ 412,000 ) which is not depreciated.

5.	RELATED PARTY DISCLOSURES

During the year ended 31 March 2023, Goose Green Farm Limited entered into the following transactions with group undertakings:

Goose Green Farm Limited received loans in respect of shared transactions totalling £576 (2022 - £576).

As at 31 March 2023, the balance due to group undertakings was £7,554 (2022 - £6,968) and this amount is included within Creditors due within one year.