PH Farming Limited - Accounts to registrar (filleted) - small 18.2

PH Farming Limited - Accounts to registrar (filleted) - small 18.2

MESSRS ROBSON LIMITED - Company Information

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REGISTERED NUMBER: SC362880 (Scotland)











































PH Farming Limited

Financial Statements

for the Year Ended 30th December 2020





PH Farming Limited (Registered number: SC362880)






Contents of the Financial Statements
for the year ended 30th December 2020




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


PH Farming Limited

Company Information
for the year ended 30th December 2020







Directors: Mrs J A Robson
M L Robson





Registered office: Pressen Hill Farm
Kelso
Roxburghshire
TD5 8BW





Registered number: SC362880 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL
Page 1
PH Farming Limited (Registered number: SC362880)

Balance Sheet
30th December 2020

2020 2019
Notes £    £   
Current assets
Debtors 4 238,984 239,152
Cash in hand 1,800 1,800
240,784 240,952
Creditors
Amounts falling due within one year 5 2,713 2,540
Net current assets 238,071 238,412
Total assets less current liabilities 238,071 238,412

Capital and reserves
Called up share capital 1,800 1,800
Retained earnings 236,271 236,612
Shareholders' funds 238,071 238,412

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th December 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 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 25th August 2021 and were signed on its behalf by:





M L Robson - Director


The notes on page 3 form part of these financial statements

Page 2
PH Farming Limited (Registered number: SC362880)

Notes to the Financial Statements
for the year ended 30th December 2020

1. Statutory information

PH Farming Limited is a private company, limited by shares , registered in Scotland. 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.

Financial instruments
The following liabilities are classified as financial instruments - creditors, accruals and amounts owed to connected parties.

Creditors, accruals and amounts owed to connected parties are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Income and Retained earnings.

Investments
Fixed asset investments relate to the company's participating interest in the farming partnership of Messrs Robson.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably.

Going concern
The directors have considered the company's financial position for a period of 12 months from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

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

4. Debtors: amounts falling due within one year
2020 2019
£    £   
Amounts owed by participating interests 238,984 239,152

5. Creditors: amounts falling due within one year
2020 2019
£    £   
Trade creditors 13 140
Other creditors 2,700 2,400
2,713 2,540

Page 3