Apps Court Farm Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06055913 (England and Wales)

Unaudited Financial Statements

for the Period 1 February 2019 to 30 June 2020

for

APPS COURT FARM LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J N MacGregor

SECRETARY:

S R MacGregor

REGISTERED OFFICE:

Apps Court Farm

Hurst Road

Walton on Thames

Surrey

KT12 2EG

REGISTERED NUMBER:

06055913 (England and Wales)

ACCOUNTANTS:

Diverset Limited

Chartered Accountants

Ferrari House

258 Field End Road

Ruislip

Middlesex

HA4 9UU

FIXED ASSETS

Tangible assets

4

49,704

62,130

CURRENT ASSETS

Debtors

5

294,936

584,375

Cash at bank and in hand

109,909

1,577

404,845

585,952

CREDITORS

Amounts falling due within one year

6

573,703

569,420

NET CURRENT (LIABILITIES)/ASSETS

(168,858

)

16,532

TOTAL ASSETS LESS CURRENT LIABILITIES

(119,154

)

78,662

CREDITORS

Amounts falling due after more than one year

7

(50,000

)

-

PROVISIONS FOR LIABILITIES

-

(11,028

)

NET (LIABILITIES)/ASSETS

(169,154

)

67,634

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

(169,155

)

67,633

SHAREHOLDERS' FUNDS

(169,154

)

67,634

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 June 2020.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 June 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director and authorised for issue on 25 February 2021 and were signed by:

J N MacGregor - Director

1.	STATUTORY INFORMATION

Apps Court Farm Ltd 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.

In the light of the COVID-19 pandemic, the Director has concluded that the company is and remains a going concern based on the Director's continued support.

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

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 and 20% on reducing balance

Taxation

Taxation for the period 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 period 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.

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.

Covid-19 related government support

Where the company has received grants or other Government support in connection with COVID-19, these have been accounted as follows :

Government Assistance loans are recognised and accounted as other commercial loans. Where material, grants paid by Government to lenders for fees or first years interest are recognised as other income along with the related costs.

Government or Local Authority grants are recognised in the period in which they are received.

Coronavirus Job Retention Scheme Grants are recognised in the period to which they relate.

Rent or Rates holidays are accounted in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 3 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2019

and 30 June 2020

309,633

DEPRECIATION

At 1 February 2019

247,503

Charge for period

12,426

At 30 June 2020

259,929

NET BOOK VALUE

At 30 June 2020

49,704

At 31 January 2019

62,130

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade debtors

126,918

21,401

Other debtors

168,018

562,974

294,936

584,375

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Bank loans and overdrafts

-

180

Trade creditors

52,918

41,067

Taxation and social security

2,275

23,250

Other creditors

518,510

504,923

573,703

569,420

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans

50,000

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Bank overdraft

-

180

Mortgage - Barclays Bank

-

358,350

-

358,530

Secured by a fixed and floating charge over the property and undertaking of the company dated 27 November 2017.

9.	RELATED PARTY DISCLOSURES

The company was owed various amounts by companies with common directorships or shareholders:

From Mac Creative Ltd. £NIL (2019: £10,000)

From Apps Court Van & Plant Rental Ltd £NIL (2019: £49,761)

From Apps Court Accommodation Ltd £NIL (2019: £6,002)

From Apps Court Lakes Ltd £NIL (2019: £12,977)

From WOW Factor Entertainment Ltd £135,000 (2019: £291,158)

From International Creative Technologies Ltd £NIL (2019: £15,989)

Owed to CAS Global Ltd £NIL (2019: £7,425)

Owed to Mac Creative Ltd £15,000.

No interest or repayments terms have been set on any of these loans.

10.	CONTROLLING PARTY

The controlling party is Mr S MacGregor.