Company Registration No. 11628016 (England and Wales)
Square Mile Farms Limited
Unaudited accounts
for the year ended 31 December 2022
Square Mile Farms Limited
Unaudited accounts
Contents
Square Mile Farms Limited
Company Information
for the year ended 31 December 2022
Directors
Patrick Dumas
Johnathan Ransom
Thomas William Palfreyman
Alisdair Grant
Benjamin Dean
Secretary
CC SECRETARIES LTD
Company Number
11628016 (England and Wales)
Registered Office
1st Floor One Suffolk Way
Sevenoaks
TN13 1YL
Accountants
One Abacus Limited
Coldharbour Works
245a Coldharbour Lane
London
SW9 8RR
Square Mile Farms Limited
Statement of financial position
as at 31 December 2022
Tangible assets
1,172
12,254
Cash at bank and in hand
226,565
193,641
Creditors: amounts falling due within one year
(73,981)
(96,259)
Net current assets
277,313
186,459
Total assets less current liabilities
278,485
198,713
Creditors: amounts falling due after more than one year
(35,000)
-
Net assets
243,485
198,713
Called up share capital
2
2
Share premium
1,140,778
646,911
Profit and loss account
(897,295)
(448,200)
Shareholders' funds
243,485
198,713
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2023 and were signed on its behalf by
Patrick Dumas
Director
Company Registration No. 11628016
Square Mile Farms Limited
Notes to the Accounts
for the year ended 31 December 2022
Square Mile Farms Limited is a private company, limited by shares, registered in England and Wales, registration number 11628016. The registered office is 1st Floor One Suffolk Way, Sevenoaks, TN13 1YL.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line Basis
Fixtures & fittings
25% Straight Line Basis
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2022
45,080
1,970
47,050
At 31 December 2022
46,101
2,964
49,065
At 1 January 2022
33,324
1,472
34,796
Charge for the year
12,356
741
13,097
At 31 December 2022
45,680
2,213
47,893
At 31 December 2022
421
751
1,172
At 31 December 2021
11,756
498
12,254
Square Mile Farms Limited
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
Trade debtors
78,601
12,119
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
6,094
7,852
Taxes and social security
1,972
6,771
Loans from directors
64,574
64,574
7
Creditors: amounts falling due after more than one year
2022
2021
8
Average number of employees
During the year the average number of employees was 5 (2021: 5).