Court Farm Limited - Limited company - abbreviated

REGISTERED NUMBER: 05323338 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED

31ST MARCH 2015

FOR

COURT FARM LIMITED

Page

Company information

1

Abbreviated balance sheet

2

Notes to the abbreviated accounts

4

Directors:

Mr C Pugh

Mrs R Pugh

Secretary:

Mrs R Pugh

Registered office:

Thorn Office Centre

Rotherwas

Hereford

HR2 6JT

Registered number:

05323338 (England and Wales)

Fixed assets

Tangible assets

2

40,581

71,599

Investments

3

-

40,581

71,599

Current assets

Debtors

32,325

19,642

Cash at bank

509

10,184

32,834

29,826

Creditors

Amounts falling due within one year

20,634

22,050

Net current assets

12,200

7,776

Total assets less current liabilities

52,781

79,375

Provisions for liabilities

7,100

13,100

Net assets

45,681

66,275

Capital and reserves

Called up share capital

4

10

Profit and loss account

45,671

66,265

Shareholders' funds

45,681

66,275

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2015 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 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 Board of Directors on 21st December 2015 and were
signed on its behalf by:

Mr C Pugh - Director

1.	Accounting policies

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 consists of invoiced sales, net of returns, trade discounts and value-added tax.

Tangible fixed assets

Tangible fixed assets are stated in the balance sheet at cost less depreciation.

Depreciation is provided at the following rates in order to write off each asset over its estimated

useful life:

Plant and machinery

25% straight line

Deferred tax

Deferred tax arises as a result of including items of income & expenditure in tax computations in

periods different from those in which they are included in the company's accounts. Deferred tax is

provided in full on timing differences which result in an obligation to pay more (or less) tax at a

future date, at the average tax rates that are expected to apply when the timing differences reverse,

based on current tax rates and laws. Deferred tax is not provided on timing differences arising from

the revaluation of fixed assets when there is no commitment to sell the asset.

Investments

The investment in Court Farm Partnership represents the company's capital account

in the partnership.

2.	Tangible fixed assets

Total

£

Cost

At 1st April 2014

and 31st March 2015

124,073

Depreciation

At 1st April 2014

52,474

Charge for year

31,018

At 31st March 2015

83,492

Net book value

At 31st March 2015

40,581

At 31st March 2014

71,599

3.	Fixed asset investments

31.03.15

31.03.14

£

Share of profits of Court Farm Partnership @ 01.04.14

-

221,354

Profit share for the year

-

35,065

Add: capital introduced

-

53,876

Less: capital drawn

-

(84,822

)

Less: capital drawn on retirement

-

(225,473

)

-

The company retired as a partner in the Court Farm Partnership on 31st March 2014.

4.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.15

31.3.14

value:

£

10

Ordinary

£1

10

5.	Directors' advances, credits and guarantees

During the year the directors of the company used a current account with the company to record

amounts due to them and amounts drawn by them. Loans and advances totalling £49,320 and

repayments totalling £41,449 were made. The balance at the end of the year was £27,015

overdrawn (2014:£19,144), which was the maximum outstanding at any time during the period.

Court Farm Limited - Limited company - abbreviated - 11.9

Court Farm Limited - Limited company - abbreviated - 11.9