Smeathalls Farm Energy Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11813766 (England and Wales)

Unaudited Financial Statements for the Year Ended 29 April 2023

for

Smeathalls Farm Energy Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr. C E Booth

Mr. A J Booth

REGISTERED OFFICE:

Smeathalls Farm

Birkin Lane

Birkin

Knottingley

West Yorkshire

WF11 9LZ

REGISTERED NUMBER:

11813766 (England and Wales)

ACCOUNTANTS:

Crowther Chartered Accountants

Abacus House

Pennine Business Park

Longbow Close

Huddersfield

West Yorkshire

HD2 1GQ

FIXED ASSETS

Investments

4

1

1

CURRENT ASSETS

Debtors

5

2,248,399

2,462,499

Cash at bank and in hand

5,143

201

2,253,542

2,462,700

CREDITORS

Amounts falling due within one year

6

258,991

294,236

NET CURRENT ASSETS

1,994,551

2,168,464

TOTAL ASSETS LESS CURRENT LIABILITIES

1,994,552

2,168,465

CREDITORS

Amounts falling due after more than one year

7

1,727,721

1,905,160

NET ASSETS

266,831

263,305

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

266,731

263,205

SHAREHOLDERS' FUNDS

266,831

263,305

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 April 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.

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 8 January 2024 and were signed on its behalf by:

Mr. C E Booth - Director

Mr. A J Booth - Director

1.	STATUTORY INFORMATION

Smeathalls Farm Energy 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.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 30 April 2022

and 29 April 2023

1

NET BOOK VALUE

At 29 April 2023

1

At 29 April 2022

1

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.4.23

29.4.22

£

£

Amounts owed by group undertakings

2,248,399

2,462,499

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

29.4.23

29.4.22

£

£

Bank loans and overdrafts (see note 8)

250,000

254,554

Trade creditors

-

7,015

Amounts owed to group undertakings

43

28,073

Directors' loan accounts

8,000

4,000

Accrued expenses

948

594

258,991

294,236

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

29.4.23

29.4.22

£

£

Bank loans (see note 8)

1,727,721

1,905,160

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

727,721

886,943

8.

LOANS

An analysis of the maturity of loans is given below:

29.4.23

29.4.22

£

£

Amounts falling due within one year or on demand:

Bank loans

250,000

254,554

Amounts falling due between one and two years:

Bank loans - 1-2 years

250,000

254,554

Amounts falling due between two and five years:

Bank loans - 2-5 years

750,000

763,663

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

727,721

886,943

9.	SECURED DEBTS

The following secured debts are included within creditors:

29.4.23

29.4.22

£

£

Bank loans

1,977,721

2,159,714

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors: amounts falling due within one year are loans from the directors of £8,000 (2022 - £4,000). The loan is interest free with no fixed date for repayment.

11.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company was owed £2,248,399 (2022 - £2,462,499) from Booth Brothers Energy Limited. The company owns 100% of the shares held in Booth Brothers Energy Limited.

At the balance sheet date, the company owed £43 (2022 - £28,073) to Booth Brothers Partnership. The directors in the company are the same partners in Booth Brothers Partnership.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is its directors.