Mudchute Park and Farm Limited - Limited company - abbreviated

REGISTERED NUMBER: 02713933 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2015

FOR

MUDCHUTE PARK AND FARM LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

J Abbott

SECRETARY:

J Pryce

REGISTERED OFFICE:

Harlow Enterprise Hub

Edinburgh Way

Harlow

Essex

CM20 2NQ

REGISTERED NUMBER:

02713933 (England and Wales)

ACCOUNTANTS:

Hewitt Warin Ltd

Harlow Enterprise Hub

Edinburgh Way

Harlow

Essex

CM20 2NQ

FIXED ASSETS

Tangible assets

2

13,062

11,483

CURRENT ASSETS

Stocks

6,486

4,910

Debtors

1,072

2,107

Cash at bank

2,158

19,532

9,716

26,549

CREDITORS

Amounts falling due within one year

45,917

24,301

NET CURRENT (LIABILITIES)/ASSETS

(36,201

)

2,248

TOTAL ASSETS LESS CURRENT
LIABILITIES

(23,139

)

13,731

CAPITAL AND RESERVES

Called up share capital

3

2

Profit and loss account

(23,141

)

13,729

SHAREHOLDERS' FUNDS

(23,139

)

13,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 9 December 2015 and were signed by:

J Abbott - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Although there are no current going concern issues, the Directors consider that adequate facilities are available to

the Company from the continued support of the parent company and its donors and sponsors to provide sufficient

working capital for the foreseeable future. On the basis that these facilities will continue to be made available,

the Directors have applied the going concern concept in preparing the accounts.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents invoiced sale of goods and services, not subject to value added tax.

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

Fixtures and fittings

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2014

35,658

Additions

5,934

At 31 March 2015

41,592

DEPRECIATION

At 1 April 2014

24,175

Charge for year

4,355

At 31 March 2015

28,530

NET BOOK VALUE

At 31 March 2015

13,062

At 31 March 2014

11,483

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

2

Share Capital 1

£1

2

4.	RELATED PARTY DISCLOSURES

The Company has taken advantage of the exemption available under FRS8 which does not require disclosure of

transactions with entities within the same group. There were no other related party transactions during the year.

5.	ULTIMATE PARENT UNDERTAKING

The Company is a wholly owned subsidiary of The Mudchute Association, which is a registered charity (No.

284907) and is incorporated in Great Britain and registered in England and Wales (No. 1613085). The

Association prepares group accounts which are filed at Companies House.

6.

DEBENTURE

By a debenture created on 8 December 1992, the whole undertaking has been charged in favour of The

Mudchute Association, a registered charity.

Mudchute Park and Farm Limited - Limited company - abbreviated - 11.9

Mudchute Park and Farm Limited - Limited company - abbreviated - 11.9