Janaway Farms Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 01425545 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2015

FOR

JANAWAY FARMS LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mrs A M Janaway

SECRETARY:

Martin and Company (Company Secretaries) Limited

REGISTERED OFFICE:

Ford Farm

Upton Grey

Basingstoke

Hampshire

RG25 2RP

REGISTERED NUMBER:

01425545 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

2

156,349

201,110

CURRENT ASSETS

Stocks

1,011,049

-

Debtors

6,839

-

Investments

204,183

151,791

Cash at bank

82

71,484

1,222,153

223,275

CREDITORS

Amounts falling due within one year

100,510

9,719

NET CURRENT ASSETS

1,121,643

213,556

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,277,992

414,666

CREDITORS

Amounts falling due after more than one
year

829,500

-

NET ASSETS

448,492

414,666

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

448,392

414,566

SHAREHOLDERS' FUNDS

448,492

414,666

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 director on 10 June 2016 and were signed by:

Mrs A M Janaway - 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.

Freehold property

-

2% on cost

Motor vehicles

-

25% on reducing balance

Plant and office equipment

-

15% on reducing balance

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 October 2014

261,103

Disposals

(70,911

)

At 30 September 2015

190,192

DEPRECIATION

At 1 October 2014

59,993

Charge for year

70

Eliminated on disposal

(26,220

)

At 30 September 2015

33,843

NET BOOK VALUE

At 30 September 2015

156,349

At 30 September 2014

201,110

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.15

30.9.14

value:

£

100

Ordinary

1

100

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Anne Janaway, director, loaned the company £829,500 in the year which is due to be repaid after one year.