Radwood Hall Farm Limited - Accounts to registrar (filleted) - small 18.2
Radwood Hall Farm Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Report of the Directors and |
| Unaudited Financial Statements for the Year Ended 31 March 2019 |
| for |
| Radwood Hall Farm Limited |
| Radwood Hall Farm Limited (Registered number: 07344458) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2019 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Balance Sheet | 3 |
| Notes to the Financial Statements | 5 |
| Radwood Hall Farm Limited |
| Company Information |
| for the Year Ended 31 March 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| First Floor |
| Burford House |
| 48 Beam Street |
| Nantwich |
| Cheshire |
| CW5 5LJ |
| Radwood Hall Farm Limited (Registered number: 07344458) |
| Report of the Directors |
| for the Year Ended 31 March 2019 |
| The directors present their report with the financial statements of the company for the year ended 31 March 2019. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company in the year under review was that of dairy farming. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1 April 2018 to the |
| date of this report. |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act |
| 2006 relating to small companies. |
| ON BEHALF OF THE BOARD: |
| Radwood Hall Farm Limited (Registered number: 07344458) |
| Balance Sheet |
| 31 March 2019 |
| 31/3/19 | 31/3/18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| Radwood Hall Farm Limited (Registered number: 07344458) |
| Balance Sheet - continued |
| 31 March 2019 |
| 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 signed on its behalf by: |
| Radwood Hall Farm Limited (Registered number: 07344458) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2019 |
| 1. | STATUTORY INFORMATION |
| Radwood Hall Farm Limited is a |
| 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 (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding |
| discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance |
| for obsolete and slow moving items. |
| Radwood Hall Farm Limited (Registered number: 07344458) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| The company has elected to apply the provisions of Section 11 'Basic financial Instruments' |
| and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial |
| instruments. |
| Financial instruments are recognised in the company's balance sheet when the company |
| becomes party to the contractual provisions of the instrument. |
| Financial assets and liabilities are offset, with the net amounts presented in the financial |
| statements, when there is a legally enforceable right to set off the recognised amounts and |
| there is an intention to settle on a net basis or to realise the asset and settle the liability |
| simultaneously. |
| Basic financial assets |
| Basic financial assets, which include debtors and cash and bank balances, are initially |
| measured at transaction price including transaction costs and are subsequently carried at |
| amortised cost using the effective interest method unless the arrangement constitutes a |
| financing transaction, where the transaction is measured at the present value of the future |
| receipts discounted at a market rate of interest. Financial assets classified as receivable |
| within one year are not amortised. |
| Classification of financial liabilities |
| Financial liabilities and equity instruments are classified according to the substance of the |
| contractual arrangement entered into. An equity instrument in any contract that evidences a |
| residual interest in the assets of the company after deducting all of its liabilities. |
| Basic financial liabilities |
| Basic financial liabilities, including creditors, bank loans, loans from fellow group companies |
| and preference shares that are classified as debt, are initially recognised at transaction price |
| unless the arrangement constitutes a financing transaction, where the debt instrument is |
| measured at the present value of future payments discounted at a market rate of interest. |
| Financial liabilities classified as payable within one year are not amortised. |
| Debt instruments are subsequently carried at amortised cost, using the effective interest rate |
| method. |
| Trade creditors are obligations to pay for goods or services that have been acquired in the |
| ordinary course of business from suppliers. amounts payable are classified as current |
| liabilities if payment is due within one year or less. If not, they are presented as non- current |
| liabilities. Trade creditors are recognised initially at transaction price and subsequently |
| measured at amortised cost using the effective interest method. |
| Radwood Hall Farm Limited (Registered number: 07344458) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income |
| Statement, except to the extent that it relates to items recognised in other comprehensive |
| income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that |
| have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not |
| reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in |
| periods different from those in which they are recognised in financial statements. Deferred |
| tax is measured using tax rates and laws that have been enacted or substantively enacted |
| by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it |
| is probable that they will be recovered against the reversal of deferred tax liabilities or other |
| future taxable profits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Radwood Hall Farm Limited (Registered number: 07344458) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2019 |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Plant and |
| property | machinery | Tractors | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 April 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2019 |
| DEPRECIATION |
| At 1 April 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/3/19 | 31/3/18 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31/3/19 | 31/3/18 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |