PH Farming Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC362880 (Scotland)

PH Farming Limited

Financial Statements

for the Year Ended 30th December 2018

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

Mrs J A Robson

M L Robson

Registered office:

Pressen Hill Farm

Kelso

Roxburghshire

TD5 8BW

Registered number:

SC362880 (Scotland)

Accountants:

Rennie Welch LLP

Academy House

Shedden Park Road

Kelso

Roxburghshire

TD5 7AL

Fixed assets

Investments

4

239,332

239,467

Current assets

Cash in hand

1,800

1,800

Creditors

Amounts falling due within one year

5

2,243

1,930

Net current liabilities

(443

)

(130

)

Total assets less current liabilities

238,889

239,337

Capital and reserves

Called up share capital

1,800

1,800

Retained earnings

237,089

237,537

Shareholders' funds

238,889

239,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th December 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the Board of Directors on 30th October 2019 and were signed on its behalf by:

M L Robson - Director

1.	Statutory information

PH Farming Limited is a private company, limited by shares , registered in Scotland. The company's

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

2.	Accounting policies

Basis of preparing the financial statements

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

Financial instruments

The following liabilities are classified as financial instruments - accruals and amounts owed to

connected parties.

Accruals and amounts owed to connected parties are measured at the undiscounted amount of the

cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period

for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss

is recognised in the Income Statement.

Investments

Provisions

Provisions are set up only where it is probable that a present obligation exists as a result of an event

prior to the balance sheet date and that a payment will be required in settlement that can be estimated

reliably.

Going concern

The directors have considered the company's financial position for a period of 12 months from the date

of signing these financial statements and have reasonable expectation that the company has adequate

resources to continue in operational existence for the foreseeable future. Accordingly, they continue to

adopt the going concern basis in preparing these financial statements.

3.	Employees and directors

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

4.	Fixed asset investments

At 31st December 2017 the opening investment cost was £239,467 and during the year the

partnership paid expenses on behalf of the company totalling £135, leaving a closing value of

£239,332 (2017 - £239,467).

5.

Creditors: amounts falling due within one year

2018

2017

£

£

Amounts owed to group undertakings

143

130

Other creditors

2,100

1,800

2,243

1,930