ACCOUNTS - Final Accounts preparation

ACCOUNTS - Final Accounts preparation

MANOR FARM RACKHEATH LIMITED - Company Information

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Registered number: 05045897









MANOR FARM RACKHEATH LIMITED







UNAUDITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015
 
MANOR FARM RACKHEATH LIMITED
 
 
The following reproduces the text of the Chartered accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 5) have been prepared.
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF MANOR FARM RACKHEATH LIMITED
FOR THE YEAR ENDED 30 SEPTEMBER 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Manor Farm Rackheath Limited for the year ended 30 September 2015 which comprise the Profit and loss account, the Balance sheet and the related notes from the company's accounting records and from information and explanations you have given to us.
 

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulations.


This report is made solely to the director of Manor Farm Rackheath Limited in accordance with the terms of our engagement letter dated 4 January 2012. Our work has been undertaken solely to prepare for your approval the financial statements of Manor Farm Rackheath Limited and state those matters that we have agreed to state to the director of Manor Farm Rackheath Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Manor Farm Rackheath Limited and its director for our work or for this report.
 
 
It is your duty to ensure that Manor Farm Rackheath Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the company's assets, liabilities, financial position and profit. You consider that Manor Farm Rackheath Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Manor Farm Rackheath Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.







MA Partners LLP
Chartered Accountants
7 The Close
Norwich
Norfolk
NR1 4DJ

1 April 2016
Page 1
 
MANOR FARM RACKHEATH LIMITED
REGISTERED NUMBER: 05045897

ABBREVIATED BALANCE SHEET
AS AT 30 SEPTEMBER 2015

2015
2014
Note
£
£
£
£
 
FIXED ASSETS





 
Tangible assets
 
2
1,501,041
1,677,536
 
Investments
 
3
50

-








1,501,091

1,677,536
 
CURRENT ASSETS





 
Stocks
180,174
-

 
Debtors
370,703
6,399

 
Cash at bank

115,741
33,264







 
666,618
39,663
 
CREDITORS: amounts falling due within one year
(470,371)
(85,814)
 
NET CURRENT ASSETS/(LIABILITIES)


196,247

(46,151)
 
TOTAL ASSETS LESS CURRENT LIABILITIES
 1,697,338

 1,631,385
  
CAPITAL AND RESERVES

 
Called up share capital
4
100
100
 
Profit and loss account
1,697,238
1,631,285
 
SHAREHOLDERS' FUNDS
 

 1,697,338

 1,631,385


The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 30 September 2015 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.


Page 2
 
MANOR FARM RACKHEATH LIMITED
 
    
ABBREVIATED BALANCE SHEET (continued)
AS AT 30 SEPTEMBER 2015

The abbreviated accounts, which have been prepared in accordance with the provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 1 April 2016.







P Riedesel Freiherr zu Eisenbach
Director

The notes on pages 4 to 5 form part of these financial statements.

Page 3
 
MANOR FARM RACKHEATH LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015

1.ACCOUNTING POLICIES

1.1
BASIS OF PREPARATION OF FINANCIAL STATEMENTS

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).

1.2
TURNOVER

Turnover comprises revenue recognised by the company in respect of rents received during the year, exclusive of Value Added Tax.

1.3
TANGIBLE FIXED ASSETS AND DEPRECIATION

Tangible fixed assets are stated at cost less depreciation.  Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold property
-
Not depreciated

1.4
INVESTMENTS

Investments held as fixed assets are shown at cost less provision for impairment.


2.TANGIBLE FIXED ASSETS



£


COST 


At 1 October 2014
1,677,536

Additions
1,053

Disposals
(177,548)


At 30 September 2015

1,501,041



DEPRECIATION


At 1 October 2014 and 30 September 2015

-




NET BOOK VALUE


At 30 September 2015
 1,501,041


At 30 September 2014

 1,677,536

Page 4
 
MANOR FARM RACKHEATH LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2015

3.FIXED ASSET INVESTMENTS



£


COST OR VALUATION


Additions
50


At 30 September 2015

50




NET BOOK VALUE


At 30 September 2015
 50


4.SHARE CAPITAL
        2015
        2014
        £

        £

ALLOTTED, CALLED UP AND FULLY PAID



100 Ordinary "A" shares of £1 each
 100
 100


5.ULTIMATE PARENT UNDERTAKING AND CONTROLLING PARTY

As at 30 September 2015, the director, P Riedesel Freiherr zu Eisenbach, the sole director of the parent undertaking, MANOR GmbH, a company incorporated in Germany which owns 100% of the issued share capital in the company, controlled the company.

Page 5