Badham Farm Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05015506 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

FOR

BADHAM FARM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

6

DIRECTORS:

J S Sroczynski

P E Sroczynski

SECRETARY:

J S Sroczynski

REGISTERED OFFICE:

Badham Farm

St Keyne

Liskeard

Cornwall

PL14 4RW

REGISTERED NUMBER:

05015506 (England and Wales)

ACCOUNTANTS:

MCA Business Ltd

Suite 16D

The Mclaren Building

46 The Priory Queensway

Birmingham

West Midlands

B4 7LR

FIXED ASSETS

Intangible assets

5

-

-

Property, plant and equipment

6

33,057

35,268

33,057

35,268

CURRENT ASSETS

Debtors

7

-

773

Cash at bank

2,907

401

2,907

1,174

CREDITORS

Amounts falling due within one year

8

68,482

48,208

NET CURRENT LIABILITIES

(65,575

)

(47,034

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(32,518

)

(11,766

)

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

(32,618

)

(11,866

)

SHAREHOLDERS' FUNDS

(32,518

)

(11,766

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 April 2019 and were signed on its behalf by:

P E Sroczynski - Director

1.	STATUTORY INFORMATION

Badham Farm Limited is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

All monetary amounts are rounded to the nearest pound.

2.	STATEMENT OF COMPLIANCE

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

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Judgements and estimates

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and

assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The

estimates and associated assumptions are based on historical experience and other factors that are considered to be

relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are

recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the

revision and future periods where the revision affects both current and future periods.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value

added tax and other sales taxes.

Goodwill

Goodwill is to amortised over a 10 year period.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any

accumulated amortisation and any accumulated impairment losses.

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 etc

-

25% on reducing balance and 20% on reducing balance

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

5.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2017

and 31 March 2018

120,000

AMORTISATION

At 1 April 2017

and 31 March 2018

120,000

NET BOOK VALUE

At 31 March 2018

-

At 31 March 2017

-

6.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

24,230

125,742

149,972

DEPRECIATION

At 1 April 2017

-

114,704

114,704

Charge for year

-

2,211

2,211

At 31 March 2018

-

116,915

116,915

NET BOOK VALUE

At 31 March 2018

24,230

8,827

33,057

At 31 March 2017

24,230

11,038

35,268

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

-

773

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

9,296

11,731

Other creditors

59,186

36,477

68,482

48,208

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2018 and 31 March 2017:

2018

2017

£

£

J S Sroczynski and P E Sroczynski

Balance outstanding at start of year

773

6,690

Amounts advanced

62,680

77,058

Amounts repaid

(83,929

)

(82,975

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(20,476

)

773

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Under the control of the board ofdirectors..

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial

statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are

cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to

be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Badham Farm Limited for the year ended 31 March 2018 which comprise the Income Statement, Balance Sheet,

Statement of Changes in Equity and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Badham Farm Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Badham Farm Limited and state those matters that we have agreed to state to the Board of Directors of Badham Farm Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Badham Farm Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Badham Farm Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Badham Farm Limited. You consider that Badham Farm Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Badham Farm Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

MCA Business Ltd

Suite 16D

The Mclaren Building

46 The Priory Queensway

Birmingham

West Midlands

B4 7LR

29 April 2019