Sedbury Park Farm Limited - Limited company accounts 11.6

REGISTERED NUMBER: 02821089 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 30 April 2014

for

SEDBURY PARK FARM LIMITED

Page

Company Information

1

Report of the Directors

2

Profit and Loss Account

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

W Ardern

Mrs J M Ardern

SECRETARY:

Mrs J M Ardern

REGISTERED OFFICE:

The Woodlands

Sedbury Park

CHEPSTOW

NP16 7EY

REGISTERED NUMBER:

02821089 (England and Wales)

ACCOUNTANT:

Edale Accountancy Ltd

Guys-Cliffe House

Sedbury Lane,

Tutshill,

Chepstow

Monmouthshire

NP16 7DU

The directors present their report with the financial statements of the company for the year ended 30 April 2014.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of the provision of storeage/rent plus security &

sevices to the land and buildings owned and managed by the company.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 May 2013 to the date of this report.

W Ardern

Mrs J M Ardern

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to

small companies.

ON BEHALF OF THE BOARD:

W Ardern - Director

26 January 2015

TURNOVER

5,020

5,350

Administrative expenses

3,611

4,084

OPERATING PROFIT

2

1,409

1,266

Interest payable and similar charges

80

87

PROFIT ON ORDINARY ACTIVITIES
BEFORE TAXATION

1,329

1,179

Tax on profit on ordinary activities

3

277

273

PROFIT FOR THE FINANCIAL YEAR

1,052

906

FIXED ASSETS

Tangible assets

5

55,501

55,625

CURRENT ASSETS

Debtors

6

1,848

1,729

Cash at bank and in hand

2,847

1,013

4,695

2,742

CREDITORS

Amounts falling due within one year

7

25,185

22,908

NET CURRENT LIABILITIES

(20,490

)

(20,166

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

35,011

35,459

CAPITAL AND RESERVES

Called up share capital

8

80

Profit and loss account

9

34,931

35,379

SHAREHOLDERS' FUNDS

35,011

35,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 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 in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The financial statements were approved by the Board of Directors on 26 January 2015 and were signed on its behalf by:

W Ardern - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	OPERATING PROFIT

The operating profit is stated after charging:

30.4.14

30.4.13

£

Depreciation - owned assets

124

270

Directors' remuneration and other benefits etc

-

3.

TAXATION

Analysis of the tax charge

The tax charge on the profit on ordinary activities for the year was as follows:

30.4.14

30.4.13

£

Current tax:

UK corporation tax

277

273

Tax on profit on ordinary activities

277

273

UK corporation tax was charged at 20%) in 2013.

4.

DIVIDENDS

30.4.14

30.4.13

£

Ordinary Shares shares of £1 each

Final

1,500

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

COST

At 1 May 2013

and 30 April 2014

55,500

2,700

58,200

DEPRECIATION

At 1 May 2013

-

2,575

Charge for year

-

124

At 30 April 2014

-

2,699

NET BOOK VALUE

At 30 April 2014

55,500

1

55,501

At 30 April 2013

55,500

125

55,625

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.14

30.4.13

£

Trade debtors

1,848

1,729

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.14

30.4.13

£

Trade creditors

1,968

1,531

Taxation and social security

277

273

Other creditors

22,940

21,104

25,185

22,908

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.14

30.4.13

value:

£

80

Ordinary Shares

£1

80

9.

RESERVES

Profit

and loss

account

£

At 1 May 2013

35,379

Profit for the year

1,052

Dividends

(1,500

)

At 30 April 2014

34,931