Hatton Farms Limited - Limited company - abbreviated

REGISTERED NUMBER: 02021051 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2015

FOR

HATTON FARMS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs S.S. Reed

Miss A M Grove

A W Turner

SECRETARY:

I S Grindal

REGISTERED OFFICE:

One Eastwood

Harry Weston Road

Binley Business Park

Coventry

CV3 2UB

REGISTERED NUMBER:

02021051 (England and Wales)

FIXED ASSETS

Tangible assets

2

563,014

600,761

Investments

3

45,146

608,160

645,907

CURRENT ASSETS

Stocks

371,593

381,346

Debtors

4

544,672

576,301

Cash at bank and in hand

1,068,369

1,014,723

1,984,634

1,972,370

CREDITORS

Amounts falling due within one year

80,356

177,684

NET CURRENT ASSETS

1,904,278

1,794,686

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,512,438

2,440,593

PROVISIONS FOR LIABILITIES

86,500

83,000

NET ASSETS

2,425,938

2,357,593

CAPITAL AND RESERVES

Called up share capital

5

30,000

Profit and loss account

2,395,938

2,327,593

SHAREHOLDERS' FUNDS

2,425,938

2,357,593

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 7 March 2016 and were signed on its
behalf by:

Mrs S.S. Reed - 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 represents net invoiced sales of goods, excluding 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Buildings

-

Straight line over 20 years

Plant and machinery

-

Straight line over 10 years

Fixtures and fittings

-

Straight line over 10 years

Motor vehicles

-

Straight line over 5 years

Computer equipment

-

Straight line over 10 years

Stocks

The farm stock has been valued by Messrs. Godfrey-Payton Chartered Surveyors, at the lower of cost

and net realisable value.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those

held under finance leases are depreciated over their estimated useful lives or the lease term,

whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account as incurred.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held

separately from those of the company in an independantly administered fund. Contributions payable

for the year are charged in the profit and loss account.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 July 2014

1,072,766

Additions

80,567

Disposals

(55,166

)

At 30 June 2015

1,098,167

DEPRECIATION

At 1 July 2014

472,005

Charge for year

92,744

Eliminated on disposal

(29,596

)

At 30 June 2015

535,153

NET BOOK VALUE

At 30 June 2015

563,014

At 30 June 2014

600,761

3.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2015

2014

£

Farmers First plc

2,617

Storage facilities

36,509

Rugby Farmers Mart Ltd

6,000

Atlas Fram Farmers Limited

20

45,146

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

The aggregate total of debtors falling due after more than one year is £ 34,000 (2014 - £ 34,000 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

30,000

Ordinary

£1

30,000

6.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors by a joint shareholding held on behalf of a

discretionary settlement.

Hatton Farms Limited - Limited company - abbreviated - 11.9

Hatton Farms Limited - Limited company - abbreviated - 11.9