Craigadam Farm Limited - Limited company - abbreviated - 11.9
Craigadam Farm Limited - Limited company - abbreviated - 11.9
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts for the Year Ended 30th April 2015 |
| for |
| Craigadam Farm Limited |
| Craigadam Farm Limited (Registered number: SC153308) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 30th April 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 | to | 4 |
| Report of the Accountants | 5 |
| Craigadam Farm Limited |
| Company Information |
| for the Year Ended 30th April 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| BANKERS: |
| Craigadam Farm Limited (Registered number: SC153308) |
| Abbreviated Balance Sheet |
| 30th April 2015 |
| 2015 | 2014 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 4 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| Revaluation reserve |
| Profit and loss account | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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 were approved by the Board of Directors on |
| Craigadam Farm Limited (Registered number: SC153308) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 30th April 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain |
| assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover |
| Turnover represents net invoiced sales of goods and services, excluding value added tax, during the year. The company sells |
| livestock and associated byproducts as well as game shooting rights. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| Amounts written off each asset over the estimated useful life represent cost less residual value. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving |
| items. |
| Deferred tax |
| Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of |
| gains and losses in the financial statements and the recognition in the tax computation. |
| A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable |
| profits from which the future reversal of the underlying timing differences can be deducted. |
| Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are |
| expected to reverse. |
| Deferred tax assets and liabilities are not discounted. |
| Hire purchase and leasing commitments |
| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire |
| purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over |
| their estimated useful lives or the lease term, whichever is the shorter. |
| The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital |
| element of the future payments is treated as a liability. |
| Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the |
| lease. |
| Craigadam Farm Limited (Registered number: SC153308) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 30th April 2015 |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST OR VALUATION |
| At 1st May 2014 |
| Additions |
| At 30th April 2015 |
| DEPRECIATION |
| At 1st May 2014 |
| Charge for year |
| At 30th April 2015 |
| NET BOOK VALUE |
| At 30th April 2015 |
| At 30th April 2014 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1st May 2014 |
| and 30th April 2015 | 16,268 |
| NET BOOK VALUE |
| At 30th April 2015 |
| At 30th April 2014 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2015 | 2014 |
| value: | £ | £ |
| "A" Ordinary | £1 |
| "B" Ordinary | £1 |
| "C" Ordinary | £1 |
| 70,623 | 70,623 |
| As regards income: |
| The "A" and "B" shares rank equally for dividend. The "C" shares receive a dividend equal to 1% of the aggregate of the "A" |
| and "B" dividend. |
| As regards capital: |
| In the event of a return of assets to shareholders, after all share capital is repaid to the "A" and C" shareholders, all assets |
| will be distributed to the "B" shareholders. |
| As regards voting: |
| Only the "A" shares carry voting rights. |
| Craigadam Farm Limited |
| Report of the Accountants to the Directors of |
| Craigadam Farm Limited |
| The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited |
| financial statements, from which the unaudited abbreviated accounts (set out on pages two to four) have been prepared. |
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 30th April 2015 set out on pages three to nine and you consider that the company is exempt from an audit. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
| 27th October 2015 |