Lower Claverham Farm Limited - Abbreviated accounts 16.1

Lower Claverham Farm Limited - Abbreviated accounts 16.1

LOWER CLAVERHAM FARM LIMITED - Company Information

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REGISTERED NUMBER: 04620758 (England and Wales)














LOWER CLAVERHAM FARM LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31ST DECEMBER 2015





Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE








LOWER CLAVERHAM FARM LIMITED (REGISTERED NUMBER: 04620758)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2015










Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

LOWER CLAVERHAM FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2015







DIRECTOR: P E Rossi





SECRETARY: Mrs R E Rossi





REGISTERED OFFICE: 20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE





REGISTERED NUMBER: 04620758 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
20 Eversley Road
Bexhill-on-Sea
East Sussex
TN40 1HE
Page 1
LOWER CLAVERHAM FARM LIMITED (REGISTERED NUMBER: 04620758)

ABBREVIATED BALANCE SHEET
31ST DECEMBER 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 146,481 172,208
146,481 172,208

CURRENT ASSETS
Stocks 29,860 29,860
Debtors 65,294 75,866
Cash at bank 232,044 206,914
327,198 312,640
CREDITORS
Amounts falling due within one year 157,136 153,755
NET CURRENT ASSETS 170,062 158,885
TOTAL ASSETS LESS CURRENT
LIABILITIES
316,543
331,093

PROVISIONS FOR LIABILITIES 26,508 30,711
NET ASSETS 290,035 300,382

CAPITAL AND RESERVES
Called up share capital 4 200 200
Profit and loss account 289,835 300,182
SHAREHOLDERS' FUNDS 290,035 300,382

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 14th June 2016 and were signed by:




P E Rossi - Director


The notes form part of these abbreviated accounts

Page 2
LOWER CLAVERHAM FARM LIMITED (REGISTERED NUMBER: 04620758)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31ST DECEMBER 2015


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 January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Milk quotas
Milk quotas are valued at cost less accumulated amortisation.
Amortisation is calculated to write off the cost in equal annual instalments over their estimated
useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Long leasehold - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 10% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the
company's pension scheme are charged to the profit and loss account in the period to which they
relate.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1st January 2015
and 31st December 2015 109,911
AMORTISATION
At 1st January 2015
and 31st December 2015 109,911
NET BOOK VALUE

At 31st December 2015 -
At 31st December 2014 -

Page 3 continued...
LOWER CLAVERHAM FARM LIMITED (REGISTERED NUMBER: 04620758)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2015


3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1st January 2015 417,106
Additions 17,741
Disposals (1,250 )
At 31st December 2015 433,597
DEPRECIATION
At 1st January 2015 244,898
Charge for year 42,531
Eliminated on disposal (313 )
At 31st December 2015 287,116
NET BOOK VALUE
At 31st December 2015 146,481
At 31st December 2014 172,208

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary 'A' shares £1 100 100
100 Ordinary 'B' shares £1 100 100
200 200

The company is under the control of the owners of the ordinary 'A' shares. The ordinary 'B' shares
do not carry any voting rights and are not entitled to any surplus on winding-up.

Page 4