Abbreviated Company Accounts - BUCKMINSTER FARMS LIMITED

WYMONDHAM FARMS LIMITED - Company Information

07161870 BUCKMINSTER FARMS LIMITED 2015-04-05 false 2014-04-06 2015-04-05 true 07161870 2014-04-06 2015-04-05 07161870 2015-04-05 07161870 2014-04-05 07161870 uk-gaap-cd-bus:Director1 2014-04-06 2015-04-05 07161870 uk-gaap-cd-bus:Director2 2014-04-06 2015-04-05 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-06 2015-04-05 uk-gaap-cd-bus:OrdinaryShareClass1 2015-04-05 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-05 iso4217:GBP shares

Registered Number 07161870

BUCKMINSTER FARMS LIMITED

Abbreviated Accounts

5 April 2015

BUCKMINSTER FARMS LIMITED Registered Number 07161870

Abbreviated Balance Sheet as at 5 April 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	783,829	749,300
Investments	3	227,066	592,618
		1,010,895	1,341,918
Current assets
Stocks		1,247,370	1,319,183
Debtors		270,449	576,666
Cash at bank and in hand		41,415	310,794
		1,559,234	2,206,643
Creditors: amounts falling due within one year		(867,562)	(2,102,458)
Net current assets (liabilities)		691,672	104,185
Total assets less current liabilities		1,702,567	1,446,103
Provisions for liabilities		(134,220)	(101,972)
Total net assets (liabilities)		1,568,347	1,344,131
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		1,568,247	1,344,031
Shareholders' funds		1,568,347	1,344,131

For the year ending 5 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 18 November 2015

And signed on their behalf by:
Richard Tollemache, Director

BUCKMINSTER FARMS LIMITED Registered Number 07161870

Notes to the Abbreviated Accounts for the period ended 5 April 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of goods sold during the
year. The sales are principally made up of crop sales and single farm payment.

Single farm payment:

In any scheme year, the right to the Single Farm Payment is recognised on or after 15 May, unless
an acceptable degree of uncertainty exists over the existence of the right to the Single Farm
Payment for that scheme year.

Tangible assets depreciation policy
Tangible fixed assets 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, as follows:

Plant and machinery 10%- 25% reducing balance
Fixtures, fittings & equipment 25% reducing balance
Motor vehicles 25% reducing balance

Valuation information and policy
Fixed asset investments are stated at cost less provision for diminution in value.

2Tangible fixed assets

	£
Cost
At 6 April 2014	1,293,270
Additions	525,152
Disposals	(470,253)
Revaluations	-
Transfers	-
At 5 April 2015	1,348,169
Depreciation
At 6 April 2014	543,970
Charge for the year	231,354
On disposals	(210,984)
At 5 April 2015	564,340
Net book values
At 5 April 2015	783,829
At 5 April 2014	749,300

3Fixed assets Investments
Market value:
At 5 April 2015 £235,077
At 5 April 2014 £616,304

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100