Goldthorpe Farming Limited - Accounts to registrar (filleted) - small 18.2
Goldthorpe Farming Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| GOLDTHORPE FARMING LIMITED |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2019 |
| GOLDTHORPE FARMING LIMITED (REGISTERED NUMBER: 03574891) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| GOLDTHORPE FARMING LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30TH JUNE 2019 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Railway Court |
| Off Ten Pound Walk |
| Doncaster |
| South Yorkshire |
| DN4 5FB |
| BANKERS: |
| 8 Guildhall Street |
| Lincoln |
| LN1 1TT |
| SOLICITORS: |
| 14 Prince's Street |
| Doncaster |
| DN1 3NJ |
| GOLDTHORPE FARMING LIMITED (REGISTERED NUMBER: 03574891) |
| BALANCE SHEET |
| 30TH JUNE 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Investments | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 and authorised for issue on signed on its behalf by: |
| GOLDTHORPE FARMING LIMITED (REGISTERED NUMBER: 03574891) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30TH JUNE 2019 |
| 1. | STATUTORY INFORMATION |
| Goldthorpe Farming Limited is a |
| 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 |
| 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 of fixed assets is calculated to write off their cost or valuation less any residual value over their |
| estimated useful lives as follows : |
| Plant & machinery | 20% Reducing balance |
| Motor lorries | 25% Straight line |
| Fixtures & fittings 20% Straight line |
| Computer equipment 33% Straight line |
| No depreciation is charged in respect of freehold farm land and property, the directors considering that no |
| depreciation arises on these assets. |
| 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 Statement of Income and |
| Retained Earnings, 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the |
| balance sheet date. Transactions in foreign currencies are translated into sterling at the average rate of |
| exchange for the trading period.. Exchange differences are taken into account in arriving at the operating result. |
| GOLDTHORPE FARMING LIMITED (REGISTERED NUMBER: 03574891) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1st July 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30th June 2019 |
| DEPRECIATION |
| At 1st July 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30th June 2019 |
| NET BOOK VALUE |
| At 30th June 2019 |
| At 30th June 2018 |
| Included in cost of land and buildings is freehold land of £ 3,527,291 (2018 - £ 3,527,291 ) which is not |
| depreciated. |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Other debtors |
| GOLDTHORPE FARMING LIMITED (REGISTERED NUMBER: 03574891) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30TH JUNE 2019 |
| 6. | CURRENT ASSET INVESTMENTS |
| 2019 | 2018 |
| £ | £ |
| French farming enterprise |
| The company owns and occupies farming property in France . Financial statements for the farming enterprise are |
| prepared by qualified accountants in France for accounting periods ending 31st December. The accounts for the |
| year ended 31st December 2018 indicate a profit of £2,872 (period ended 31st December 2017 loss £881). The |
| farming interests are assessed to taxation in France upon the director Mr. H. Mc. Goldthorpe farming as trustee |
| for the company. The company investment in the farming interests at the 30th June 2019 was £99,708 (2018: |
| £103,632) together with the investment in the freehold farming property of £325,722. |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | RELATED PARTY DISCLOSURES |
| The directors Messrs. C.A. and H.M. Goldthorpe each hold 50% of the issued share capital of the company and |
| are the ultimate controlling parties. |