Thompson Ground Farm Limited - Period Ending 2014-12-31

Registration number: 00829248

Thompson Ground Farm Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2014
 

The Melia Partnership
Chartered Certified Accountants
Park House
91 Garstang Road
Preston
Lancs
PR1 1LD

Thompson Ground Farm Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Thompson Ground Farm Limited
(Registration number: 00829248)
Abbreviated Balance Sheet at 31 December 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					221,690			227,442
Current assets
Debtors					199,948			188,960
Creditors: Amounts falling due within one year					(8,968)			(8,379)
Net current assets					190,980			180,581
Net assets					412,670			408,023
Capital and reserves
Called up share capital		3			2,000			2,000
Profit and loss account					410,670			406,023
Shareholders' funds					412,670			408,023

For the year ending 31 December 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the Board on 18 March 2015 and signed on its behalf by:

.........................................
Mr William Geoffrey Thornton
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Thompson Ground Farm Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Land and Buildings	Straight line over 50 years
Plant and machinery	10% straight line
Fixtures and fittings	10% straight line
Motor vehicles	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2014		416,669			416,669
Additions		1,144			1,144
At 31 December 2014		417,813			417,813
Depreciation
At 1 January 2014		189,227			189,227
Charge for the year		6,896			6,896
At 31 December 2014		196,123			196,123
Net book value
At 31 December 2014		221,690			221,690
At 31 December 2013		227,442			227,442

Page 2

Thompson Ground Farm Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary of £1 each		2,000			2,000			2,000			2,000

4

Control

The company is controlled by W N Thornton, J H Thornton, J A Bradley and C E Chippendale each holding 25% of the Company's issued share capital.

Page 3