Coombe Lake Farms Limited - Period Ending 2015-04-30

Registration number: 03187203

Coombe Lake Farms Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2015
 

Coombe Lake Farms Limited
Contents

Page

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 5

Coombe Lake Farms Limited
(Registration number: 03187203)
Abbreviated Balance Sheet at 30 April 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					1,111,139			1,111,829
Investments					2			2
		2			1,111,141			1,111,831
Current assets
Debtors					9,979			6,225
Cash at bank and in hand					157,849			191,230
					167,828			197,455
Creditors: Amounts falling due within one year					(12,392)			(12,074)
Net current assets					155,436			185,381
Net assets					1,266,577			1,297,212
Capital and reserves
Called up share capital		3			837,111			837,111
Share premium account					260,818			260,818
Profit and loss account					168,648			199,283
Shareholders' funds					1,266,577			1,297,212

Page 1

Coombe Lake Farms Limited
(Registration number: 03187203)
Abbreviated Balance Sheet at 30 April 2015

For the year ending 30 April 2015 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 1 October 2015 and signed on its behalf by:

C F Gore-Andrews Director

Page 2

Coombe Lake Farms Limited
Notes to the Abbreviated Accounts
For the Year Ended 30 April 2015

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).

Exemption from preparing group accounts

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Turnover

Turnover represents income received from the selling of crops of grass, income from government subsidies under the Single Farm Payment Scheme, subsidies received in connection with the maintenance of the environment and amounts chargeable in respect of goods and services to customers, net of VAT.

Amortisation

Acquired single farm payment entitlements are written off in equal annual instalments over the useful economic life.

Asset class	Amortisation method and rate
Single farm payment entitlements	33.3% straight line

Depreciation

Tangible assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life.

Asset class	Depreciation method and rate
Freehold land and improvements	0% and 4% reducing balance
Plant and machinery	25% reducing balance

Fixed asset investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Page 3

Coombe Lake Farms Limited
Notes to the Abbreviated Accounts
For the Year Ended 30 April 2015

2	Fixed assets

		Intangible assets £			Tangible assets £			Investments £			Total £
Cost
At 1 May 2014		6,606			1,134,655			2			1,141,263
Additions		-			708			-			708
At 30 April 2015		6,606			1,135,363			2			1,141,971
Depreciation
At 1 May 2014		6,606			22,826			-			29,432
Charge for the year		-			1,398			-			1,398
At 30 April 2015		6,606			24,224			-			30,830
Net book value
At 30 April 2015		-			1,111,139			2			1,111,141
At 30 April 2014		-			1,111,829			2			1,111,831

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Country of incorporation	Holding	Proportion of voting rights and shares held	Principal activity
Subsidiary undertakings
Coles Cross Limited		Ordinary	100%	Dormant

The profit for the financial period of Coles Cross Limited was £nil and the aggregate amount of capital and reserves at the end of the period was £7.

Page 4

Coombe Lake Farms Limited
Notes to the Abbreviated Accounts
For the Year Ended 30 April 2015

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £0.10 each		8,371,106			837,111			8,371,106			837,111

Page 5