Accounts filed on 30-06-2015


ABBREVIATED ACCOUNTS


FOR THE YEAR ENDED 30/06/2015

















INDEX TO THE ACCOUNTS




Abbreviated Balance Sheet		2

Notes to the Abbreviated Accounts		3



The company's registered number is 00946578


Registered Number: 00946578

BALANCE SHEET AT 30/06/2015

			2015		2014
	Notes		£		£

FIXED ASSETS
Tangible assets	2		1,468,621		1,265,357
Investments	3		2,089		2,029

			1,470,710		1,267,386

CURRENT ASSETS
Stock		346		364
Debtors (amounts falling due within one year)	4	16,878		41,597
Cash at bank and in hand		229,785		7,268
		247,009		49,229
CREDITORS: Amounts falling due within one year		264,411		86,701
NET CURRENT LIABILITIES			(17,402)		(37,472)
TOTAL ASSETS LESS CURRENT LIABILITIES			1,453,308		1,229,914


CREDITORS: Amounts falling due after more than one year	5		765,928		476,072


PROVISIONS FOR LIABILITIES			1,948		8,972

NET ASSETS			685,432		744,870

CAPITAL AND RESERVES

Called up share capital	7		385,000		385,000
Profit and loss account			300,432		359,870
SHAREHOLDERS' FUNDS			685,432		744,870

For the year ending 30/06/2015 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 04/03/2016 and signed on their behalf by




Christopher Brown
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).




1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).




1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Land And Buildings		straight line 1%
Plant and Machinery		reducing balance 20%
Fixtures and Fittings		straight line 10%




1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.




1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.




1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.




1g. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.




4. DEBTORS	2015	2014
	£	£

Amounts falling due within one year:
VAT	-	9,451
Other Tax	727	-
Other debtors	16,151	32,146
	16,878	41,597




5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2015	2014
	£	£
Bank loans and overdrafts	765,928	476,072
	765,928	476,072


Included within creditors due after more than one year are:
Amounts falling due after more than five years
- repayable by installments	474,630	-

Secured creditors include mortgages totalling £480,280 which have been taken out with Agricultural Mortgage Corporation on an interest only basis and with Lloyds Bank plc repayable over 25 years. The remaining loans are unsecured.




6. SECURED CREDITORS
	2015	2014
	£	£
Amount of bank loans and overdrafts which are secured	(244,350)	-
Amount of other creditors which are secured	(230,280)	-

Secured Creditors include the Agricultural Mortgage Corporation and Lloyds Bank plc. The former is interest only and the latter is repayable over 25 years.




7. SHARE CAPITAL	2015	2014
	£	£
Allotted, issued and fully paid:
380000 Ordinary A shares of £1 each	380000	380000
5000 Ordinary B shares of £1 each	5000	5000
	385,000	385,000




8. TRANSACTIONS WITH DIRECTORS
The Company rents land from the Directors at commercial rents.




9. CONTROLLING PARTY
Control of the Company rests with the Directors