Abbreviated Company Accounts - REDCASTLE FARMS LIMITED

REDCASTLE FARMS LIMITED - Company Information

SC022596 REDCASTLE FARMS LIMITED 2015-11-28 false 2014-11-29 2015-11-28 true SC022596 2014-11-29 2015-11-28 SC022596 2015-11-28 SC022596 2014-11-28 SC022596 uk-gaap-cd-bus:Director1 2014-11-29 2015-11-28 SC022596 uk-gaap-cd-bus:Director2 2014-11-29 2015-11-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-29 2015-11-28 uk-gaap-cd-bus:OrdinaryShareClass1 2015-11-28 uk-gaap-cd-bus:OrdinaryShareClass1 2014-11-28 iso4217:GBP shares

Registered Number SC022596

REDCASTLE FARMS LIMITED

Abbreviated Accounts

28 November 2015

REDCASTLE FARMS LIMITED Registered Number SC022596

Abbreviated Balance Sheet as at 28 November 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	667,479	643,192
Investments	3	351	351
		667,830	643,543
Current assets
Stocks		302,714	562,097
Debtors		25,922	22,183
Cash at bank and in hand		85,014	22,990
		413,650	607,270
Creditors: amounts falling due within one year		(12,531)	(6,898)
Net current assets (liabilities)		401,119	600,372
Total assets less current liabilities		1,068,949	1,243,915
Creditors: amounts falling due after more than one year		(21,224)	(5,800)
Total net assets (liabilities)		1,047,725	1,238,115
Capital and reserves
Called up share capital	4	7,200	7,200
Other reserves		1,200	1,200
Profit and loss account		1,039,325	1,229,715
Shareholders' funds		1,047,725	1,238,115

For the year ending 28 November 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 22 August 2016

And signed on their behalf by:
John Anderson, Director

REDCASTLE FARMS LIMITED Registered Number SC022596

Notes to the Abbreviated Accounts for the period ended 28 November 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

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

Freehold no depreciation charged
Motor Vehicles 20% on reducing balance
Computer Equipment 20% on reducing balance

Valuation information and policy
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Other accounting policies
Leasing and Hire Purchase Contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risk of ownership remain with the lessor are charged to profit and loss account as incurred.

2Tangible fixed assets

	£
Cost
At 29 November 2014	695,942
Additions	34,084
Disposals	-
Revaluations	-
Transfers	-
At 28 November 2015	730,026
Depreciation
At 29 November 2014	52,750
Charge for the year	9,797
On disposals	-
At 28 November 2015	62,547
Net book values
At 28 November 2015	667,479
At 28 November 2014	643,192

3Fixed assets Investments
Cost
As at 29 November 2014 351
As at 28 November 2015 351

Provision
As at 29 November 2014
As at 28 November 2015

Net Book Value
As at 28 November 2015 351
As at 29 November 2014 351

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
7,200 Ordinary shares of £1 each	7,200	7,200