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Herne Farm Limited |
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Financial Statements for the Year Ended 31st December 2021 |
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REGISTERED NUMBER:
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Herne Farm Limited |
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Financial Statements for the Year Ended 31st December 2021 |
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Herne Farm Limited (Registered number: 01130732) |
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Contents of the Financial Statements |
for the Year Ended 31st December 2021 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Herne Farm Limited |
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Company Information |
for the Year Ended 31st December 2021 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
The Engine House |
77 Station Road |
Petersfield |
Hampshire |
GU32 3FQ |
Herne Farm Limited (Registered number: 01130732) |
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Balance Sheet |
31st December 2021 |
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2021 | 2020 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
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Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Car Park reserve |
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Retained earnings |
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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. |
Herne Farm Limited (Registered number: 01130732) |
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Balance Sheet - continued |
31st December 2021 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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Herne Farm Limited (Registered number: 01130732) |
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Notes to the Financial Statements |
for the Year Ended 31st December 2021 |
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1. | STATUTORY INFORMATION |
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Herne Farm Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover represents income received for management fees and associated services from members of the Leisure Centre. Income is recognised in the period to which it relates. Income is also received from non-members for hirings and bar sales, this is recognised at the point of hire or sale. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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Freehold property |
The Leisure Centre was transferred to the company by Kebbell Developments Limited on 3 July 1981. There was no cost to the company, other than for legal and survey fees which have been written off to the retained earnings reserve. |
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In 1980 the value of the freehold property was estimated by Kebbell Developments Limited to be £250,000. The directors believe it would be misleading to the shareholders to bring in a valuation of the property since it cannot be sold as it forms part of the overall Herne Farm Scheme. |
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Tangible fixed assets |
Capital expenditure at the Leisure Centre is written off to profit and loss in the year of acquisition. |
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Pensions |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income and expenditure account in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Herne Farm Limited (Registered number: 01130732) |
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Notes to the Financial Statements - continued |
for the Year Ended 31st December 2021 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade debtors |
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Other debtors |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade creditors |
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Other creditors |
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