Longfield Wood Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07544092 (England and Wales)

LONGFIELD WOOD LTD

Unaudited Financial Statements for the Year Ended 31 March 2020

Page

Balance Sheet

1

Notes to the Financial Statements

2

to

3

FIXED ASSETS

Tangible assets

4

54,438

54,599

CURRENT ASSETS

Debtors

5

43

-

Cash at bank

4,935

6,246

4,978

6,246

CREDITORS

Amounts falling due within one year

6

400

400

NET CURRENT ASSETS

4,578

5,846

TOTAL ASSETS LESS CURRENT LIABILITIES

59,016

60,445

CAPITAL AND RESERVES

Called up share capital

7

70,000

70,000

Retained earnings

(10,984

)

(9,555

)

SHAREHOLDERS' FUNDS

59,016

60,445

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2020 and were signed on its behalf by:

R E York - Director

1.	STATUTORY INFORMATION

Longfield Wood Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

07544092

Registered office:

Bathurst House

50 Bathurst Walk

Iver

Buckinghamshire

SL0 9BH

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

-

25% on reducing balance

The cost of the woodland is not subject to depreciation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Woodland

machinery

Totals

£

£

£

COST

At 1 April 2019

and 31 March 2020

53,950

2,299

56,249

DEPRECIATION

At 1 April 2019

-

1,650

1,650

Charge for year

-

161

161

At 31 March 2020

-

1,811

1,811

NET BOOK VALUE

At 31 March 2020

53,950

488

54,438

At 31 March 2019

53,950

649

54,599

The Woodland includes growing timber with a cost of £45,369

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Other debtors

43

-

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Accruals

400

400

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

7,000,000

Ordinary

1p

70,000

70,000