AH Farms Ltd - Period Ending 2019-01-31

Registration number: 11454371

AH Farms Ltd

Annual Report and Financial Statements

for the Period from 9 July 2018 to 31 January 2019

AH Farms Ltd

Contents

Company Information	1
Balance Sheet	2
Notes to the Financial Statements	3 to 5

AH Farms Ltd

Company Information

Directors

A M Spencer H E Harness I D Fisher K A Pinder

Registered office

Media Centre, Morton Way Horncastle Lincolnshire LN9 6JR

Auditors

Forrester Boyd Waynflete House 139 Eastgate Louth Lincolnshire LN11 9QQ

Page 1

AH Farms Ltd

(Registration number: 11454371)
Balance Sheet as at 31 January 2019

	Note	2019 £
Fixed assets
Intangible assets	3	52,150
Tangible assets	4	6,911,395
		6,963,545
Current assets
Stocks	5	49,418
Debtors	6	38,303
Cash at bank and in hand		945,716
		1,033,437
Net assets		7,996,982
Capital and reserves
Called up share capital	7	10,000
Profit and loss account		7,986,982
Total equity		7,996,982

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 9 May 2019 and signed on its behalf by:
 

.........................................

I D Fisher
Director

The notes on pages 3 to 5 form an integral part of these financial statements.

Page 2

AH Farms Ltd

Notes to the Financial Statements for the Period from 9 July 2018 to 31 January 2019

1	General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 11454371.

The address of its registered office is:
Media Centre,
Morton Way
Horncastle
Lincolnshire
LN9 6JR
United Kingdom

These financial statements were authorised for issue by the Board on 9 May 2019.

These financial statements cover the individual entity, AH Farms Ltd.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 30 May 2019 was Lee Bradbury FCA, who signed for and on behalf of Forrester Boyd .

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land	Not depreciated

Page 3

AH Farms Ltd

Notes to the Financial Statements for the Period from 9 July 2018 to 31 January 2019

3	Intangible assets

	Basic Payment Entitlements  £	Total £
Cost or valuation
Additions	52,150	52,150
At 31 January 2019	52,150	52,150
Amortisation
Carrying amount
At 31 January 2019	52,150	52,150

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
Additions	6,911,395	6,911,395
At 31 January 2019	6,911,395	6,911,395
Depreciation
Carrying amount
At 31 January 2019	6,911,395	6,911,395

5

Stocks

	2019 £
Tenantright	49,418

6

Debtors

	2019 £
Trade debtors	35,779
Other debtors	2,524
Total current trade and other debtors	38,303

Page 4

AH Farms Ltd

Notes to the Financial Statements for the Period from 9 July 2018 to 31 January 2019

7	Share capital

Allotted, called up and fully paid shares

	2019
	No.	£
Ordinary shares of £1 each	10,000	10,000

8	Parent and ultimate parent undertaking

The company's immediate parent is Mortons of Horncastle Limited, incorporated in England and Wales.

 The most senior parent entity producing publicly available financial statements is Mortons of Horncastle Limited. These financial statements are available upon request from Companies House, Cardiff, CF14 3UZ

 The ultimate controlling party is Mr P H Sharpe by virtue of his personal shareholdings in the company together with the shares owned by a trust of which Mr P H Sharpe is a trustee.

The parent of the largest group in which these financial statements are consolidated is Mortons of Horncastle Limited, incorporated in England and Wales.

Page 5