Thompson Ground Farm Limited - Period Ending 2015-12-31

Registration number: 00829248

Thompson Ground Farm Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

The Melia Partnership
Chartered Certified Accountants
Park House
91 Garstang Road
Preston
PR1 1LD

Thompson Ground Farm Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Thompson Ground Farm Limited
(Registration number: 00829248)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					215,609			221,690
Current assets
Debtors					214,855			199,948
Creditors: Amounts falling due within one year					(9,879)			(8,968)
Net current assets					204,976			190,980
Net assets					420,585			412,670
Capital and reserves
Called up share capital		3			2,000			2,000
Profit and loss account					418,585			410,670
Shareholders' funds					420,585			412,670

For the year ending 31 December 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 26 February 2016 and signed on its behalf by:

.........................................
Mr William Geoffrey Thornton
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Thompson Ground Farm Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 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 January 2015).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Land and Buildings	Straight line over 50 years
Plant and machinery	10% straight line
Fixtures and fittings	10% straight line
Motor vehicles	25% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		417,813			417,813
Additions		202			202
At 31 December 2015		418,015			418,015
Depreciation
At 1 January 2015		196,123			196,123
Charge for the year		6,283			6,283
At 31 December 2015		202,406			202,406
Net book value
At 31 December 2015		215,609			215,609
At 31 December 2014		221,690			221,690

Page 2

Thompson Ground Farm Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary of £1 each		2,000			2,000			2,000			2,000

4

Control

The company is controlled by W N Thornton, J H Thornton, J A Bradley and C E Chippendale each holding 25% of the Company's issued share capital.

Page 3