Company registration number 00568637 (England and Wales)
BAGBOROUGH FARMS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023
PAGES FOR FILING WITH REGISTRAR
BAGBOROUGH FARMS LIMITED
BALANCE SHEET
- 1 -
2023
2022
£
£
£
£
Fixed assets
912,620
933,324
Current assets
737,688
627,512
Prepayments and accrued income
1,505
1,492
Creditors: amounts falling due within one year
(246,889)
(225,911)
Net current assets
492,304
403,093
Total assets less current liabilities
1,404,924
1,336,417
Creditors: amounts falling due after more than one year
(772,524)
(703,444)
Accruals and deferred income
(33,827)
(32,210)
Net assets
598,573
600,763
Capital and reserves
598,573
600,763
Notes to the financial statements
1
Director's benefits: advances, credit and guarantees
Advances to Directors
During the year £Nil was advanced and £1,653 interest charged to a director and £Nil was subsequently repaid. The balance owed by the director at the beginning of the year was £82,426 and at the end of the year was £84,080. Interest is charged at 2.25% on balances over £10,000. This loan is unsecured and has no repayment terms.
2
Financial commitments, guarantees and contingencies
The company made the following capital commitments and contingencies:
Charges on Assets
The company had bank loans and overdrafts totalling £536,589 (2022 - £569,723) and net obligations under finance leases and hire purchase contracts totalling £5,220 (2022 - £13,972) which are secured.
The bank loans are secured on a fixed charge over the freehold property of the trust and the finance leases and HP contracts are secured over the assets concerned.
Operating Lease Commitments
At the reporting date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases of £64,250 (2022 - £94,250).
BAGBOROUGH FARMS LIMITED
BALANCE SHEET (CONTINUED)
- 2 -
3
Employees
The average number of persons, including directors, employed by the company during the year was as follows:
2023
2022
Number
Number
Employees
8
8
Bagborough Farms Limited is a private company limited by shares incorporated in England and Wales. The registered office is Bishopbrook House, Cathedral Avenue, WELLS, Somerset, BA5 1FD.
For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 22 March 2024
..............................................
Mr R N Longman
Director
Company registration number 00568637 (England and Wales)