Mole End Farms Limited - Accounts to registrar (filleted) - small 18.2

Mole End Farms Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 02836106 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2019

FOR

MOLE END FARMS LIMITED

MOLE END FARMS LIMITED (REGISTERED NUMBER: 02836106)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

MOLE END FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2019







DIRECTOR: P F Ward





SECRETARY: J Ward





REGISTERED OFFICE: 31 - 33 Albion Place
Maidstone
Kent
ME14 5DZ





REGISTERED NUMBER: 02836106 (England and Wales)





ACCOUNTANTS: Stephen Hill Mid Kent Limited
31-33 Albion Place
Sittingbourne Road
Maidstone
Kent
ME14 5DZ

MOLE END FARMS LIMITED (REGISTERED NUMBER: 02836106)

BALANCE SHEET
31 AUGUST 2019

31.8.19 31.8.18
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,235,107 3,373,624
Investments 5 50 50
3,235,157 3,373,674

CURRENT ASSETS
Stocks 44,618 45,598
Debtors 6 110,813 126,859
Cash at bank 161,148 194,954
316,579 367,411
CREDITORS
Amounts falling due within one year 7 385,494 380,716
NET CURRENT LIABILITIES (68,915 ) (13,305 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,166,242

3,360,369

CREDITORS
Amounts falling due after more than one year 8 (558,193 ) (1,188,149 )

PROVISIONS FOR LIABILITIES (51,613 ) (43,070 )
NET ASSETS 2,556,436 2,129,150

CAPITAL AND RESERVES
Called up share capital 25,002 25,002
Share premium 291,416 291,416
Revaluation reserve 10 1,307,822 1,307,822
Capital redemption reserve 24,999 24,999
Retained earnings 907,197 479,911
SHAREHOLDERS' FUNDS 2,556,436 2,129,150

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

MOLE END FARMS LIMITED (REGISTERED NUMBER: 02836106)

BALANCE SHEET - continued
31 AUGUST 2019


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 Income Statement has not been delivered.

The financial statements were approved by the director on 14 February 2020 and were signed by:





P F Ward - Director


MOLE END FARMS LIMITED (REGISTERED NUMBER: 02836106)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2019

1. STATUTORY INFORMATION

Mole End Farms 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.

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 as modified by the revaluation of certain assets.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on cost
Office equipment - 20% on cost
Motor vehicles - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving
items.

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.

MOLE END FARMS LIMITED (REGISTERED NUMBER: 02836106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2019

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire
purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over
their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the
future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are
charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2018 - 18 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 September 2018 3,102,758 22,249 887,376
Additions 66,843 14,308 47,688
Disposals (251,382 ) - (83,429 )
At 31 August 2019 2,918,219 36,557 851,635
DEPRECIATION
At 1 September 2018 - 1,112 656,125
Charge for year - 1,828 61,749
Eliminated on disposal - - (82,627 )
At 31 August 2019 - 2,940 635,247
NET BOOK VALUE
At 31 August 2019 2,918,219 33,617 216,388
At 31 August 2018 3,102,758 21,137 231,251

MOLE END FARMS LIMITED (REGISTERED NUMBER: 02836106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2019

4. TANGIBLE FIXED ASSETS - continued

Office Motor
equipment vehicles Totals
£    £    £   
COST OR VALUATION
At 1 September 2018 18,156 59,293 4,089,832
Additions 1,918 76,955 207,712
Disposals - - (334,811 )
At 31 August 2019 20,074 136,248 3,962,733
DEPRECIATION
At 1 September 2018 14,272 44,699 716,208
Charge for year 2,173 28,295 94,045
Eliminated on disposal - - (82,627 )
At 31 August 2019 16,445 72,994 727,626
NET BOOK VALUE
At 31 August 2019 3,629 63,254 3,235,107
At 31 August 2018 3,884 14,594 3,373,624

Cost or valuation at 31 August 2019 is represented by:

Improvements
Freehold to Plant and
property property machinery
£    £    £   
Valuation in 2016 2,871,688 - -
Cost 46,531 36,557 851,635
2,918,219 36,557 851,635

Office Motor
equipment vehicles Totals
£    £    £   
Valuation in 2016 - - 2,871,688
Cost 20,074 136,248 1,091,045
20,074 136,248 3,962,733

If freehold property had not been revalued they would have been included at the following historical cost:

31.8.19 31.8.18
£    £   
Cost 1,794,935 1,794,935

Freehold property was valued on an open market basis on 2 November 2016 by Hobbs Parker Property Consultants LLP .

MOLE END FARMS LIMITED (REGISTERED NUMBER: 02836106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2019

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST OR VALUATION
At 1 September 2018
and 31 August 2019 62,500
DEPRECIATION
At 1 September 2018 9,375
Charge for year 9,375
At 31 August 2019 18,750
NET BOOK VALUE
At 31 August 2019 43,750
At 31 August 2018 53,125

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2018
and 31 August 2019 50
NET BOOK VALUE
At 31 August 2019 50
At 31 August 2018 50

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.19 31.8.18
£    £   
Trade debtors 92,563 91,206
Other debtors 18,250 35,653
110,813 126,859

MOLE END FARMS LIMITED (REGISTERED NUMBER: 02836106)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2019

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.19 31.8.18
£    £   
Bank loans and overdrafts 73,456 130,947
Hire purchase contracts 10,718 21,437
Trade creditors 56,348 69,588
Taxation and social security 111,359 58,422
Other creditors 133,613 100,322
385,494 380,716

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.19 31.8.18
£    £   
Bank loans 558,193 1,177,431
Hire purchase contracts - 10,718
558,193 1,188,149

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 256,794 591,073

9. SECURED DEBTS

The following secured debts are included within creditors:

31.8.19 31.8.18
£    £   
Hire purchase contracts 10,718 32,155

10. RESERVES
Revaluation
reserve
£   
At 1 September 2018
and 31 August 2019 1,307,822

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
MOLE END FARMS LIMITED

The following reproduces the text of the report prepared for the director 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 Director 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 Mole End Farms Limited for the year ended 31 August 2019 which comprise the Income Statement, Balance Sheet
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 director of Mole End Farms Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Mole End Farms Limited and state those matters that we have agreed to state to the director of Mole End Farms Limited 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 Mole End Farms Limited and its director for our work or for this report.

It is your duty to ensure that Mole End Farms 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 profit of Mole End Farms Limited. You consider that Mole End Farms 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 Mole End Farms 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.






Stephen Hill Mid Kent Limited
31-33 Albion Place
Sittingbourne Road
Maidstone
Kent
ME14 5DZ


14 February 2020