Egypt Farm Limited - Period Ending 2015-04-05

 
 
 
 
 
 
 
  Egypt Farm Limited
 
  Unaudited Abbreviated Accounts
  Year Ended 5 April 2015
 
  Company Registration Number: 00801180

Egypt Farm Limited
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3 to 4

Egypt Farm Limited
Abbreviated Balance Sheet
5 April 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			88,564			90,170
Current assets
Debtors					6,601			4,244
Creditors: Amounts falling due within one year					(137)			-
Net current assets					6,464			4,244
Total assets less current liabilities					95,028			94,414
Creditors: Amounts falling due after more than one year					(57,016)			(57,016)
Net assets					38,012			37,398
Capital and reserves
Called up share capital		3			-			-
Other reserves					7,535			7,535
Profit and loss account					30,477			29,863
Shareholders' funds					38,012			37,398

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 1

Egypt Farm Limited
Abbreviated Balance Sheet
5 April 2015 ......... continued

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 23 December 2015 and signed on its behalf by:

Mr P R FitzGerald
Director

Company Registration Number: 00801180

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Egypt Farm Limited
Notes to the Abbreviated Accounts
Year Ended 5 April 2015 ......... continued

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).

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset. Depreciation is not provided in respect of freehold land as the useful economic life is considered to be indefinite.

Asset class	Depreciation method and rate
Freehold land and buildings	Nil

Deferred tax

Deferred tax is recognised, without discounting, in respect of all timing differences between the treatment of certain items for taxation and accounting purposes which have arisen but not reversed by the balance sheet date. Deferred tax assets are only recognised to the extent that it is considered more likely than not that there will be sufficient future taxable profits against which the reversal of the underlying timing differences can be deducted.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 6 April 2014		90,170			90,170
Disposals		(1,606)			(1,606)
At 5 April 2015		88,564			88,564
Depreciation
At 5 April 2015		-			-
Net book value
At 5 April 2015		88,564			88,564
At 5 April 2014		90,170			90,170

Page 3

Egypt Farm Limited
Notes to the Abbreviated Accounts
Year Ended 5 April 2015 ......... continued

3	Share capital

Allotted shares issued as nil paid

	2015						2014
		No.			£			No.			£
A Ordinary shares of £1 each		666			666			666			666
B Ordinary shares of £1 each		334			334			334			334
		1,000			1,000			1,000			1,000

666 A Ordinary £1 shares and 334 B Ordinary £1 shares have been issued as nil paid.

Share rights
A Ordinary shareholders are entitled to receive distributable profits generated by the assets known as Rodmead Farm and to receive any distributable reserves on winding up generated by these assets.

B Ordinary shareholders are entitled to receive distributable profits generated by the assets known as Pen Mill Farm and to receive any distributable reserves on winding up generated by these assets.

Page 4