Manorfields Farm Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11533160 (England and Wales)

Unaudited Financial Statements

for the Period 23 August 2018 to 31 August 2019

for

Manorfields Farm Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J R Marsden

Mrs J L Marsden

REGISTERED OFFICE:

7 St John's Hill

Shrewsbury

Shropshire

SY1 1JD

REGISTERED NUMBER:

11533160 (England and Wales)

ACCOUNTANTS:

Haines Watts Wolverhampton Limited

Keepers Lane

The Wergs

Wolverhampton

West Midlands

WV6 8UA

FIXED ASSETS

Tangible assets

4

415,051

CURRENT ASSETS

Stocks

5

3,450

Debtors

6

4,548

Cash at bank

8,110

16,108

CREDITORS

Amounts falling due within one year

7

521,084

NET CURRENT LIABILITIES

(504,976

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(89,925

)

CAPITAL AND RESERVES

Called up share capital

8

100

Retained earnings

(90,025

)

SHAREHOLDERS' FUNDS

(89,925

)

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2019 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 Profit and loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 August 2020 and were signed on its behalf by:

J R Marsden - Director

1.	STATUTORY INFORMATION

Manorfields Farm 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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 period comprises current and deferred tax. Tax is recognised in the Profit and loss,

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

Additions

299,590

142,806

9,500

451,896

At 31 August 2019

299,590

142,806

9,500

451,896

DEPRECIATION

Charge for period

-

34,470

2,375

36,845

At 31 August 2019

-

34,470

2,375

36,845

NET BOOK VALUE

At 31 August 2019

299,590

108,336

7,125

415,051

5.

STOCKS

£

Stocks

3,450

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

4,548

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

5,317

Other creditors

515,767

521,084

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

1

100