Underhill Farm Estates Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09335518 (England and Wales)

Abbreviated Accounts

for the period

1st December 2014 to 31st December 2015

for

UNDERHILL FARM ESTATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

A N M Sanders

J A T Sanders

D A B Sanders

SECRETARY:

D A B Sanders

REGISTERED OFFICE:

Buckland Estate Office

Lawrence Lane

Buckland

Betchworth

Surrey

RH3 7BE

REGISTERED NUMBER:

09335518 (England and Wales)

ACCOUNTANTS:

Braidwood Wheeler & Co

Chartered Certified Accountants

Goodman House

13a West Street

Reigate

Surrey

RH2 9BL

FIXED ASSETS

Investment property

2

4,082,118

CURRENT ASSETS

Debtors

400

Cash at bank

1,139,749

1,140,149

CREDITORS

Amounts falling due within one year

3,313,069

NET CURRENT LIABILITIES

(2,172,920

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,909,198

CAPITAL AND RESERVES

Called up share capital

3

1,000,000

Share premium

899,998

Profit and loss account

9,200

SHAREHOLDERS' FUNDS

1,909,198

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

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

The directors acknowledge their 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 Board of Directors on 1st September 2016 and were signed on its behalf by:

D A B Sanders - 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 is represented by rents receivable and reimbursed water rates charges.

The company is not registered for value added tax.

Investment property

The investment property is held in the financial statements at market valuation. In accordance with statement of

standard accounting practice 19, depreciation is not provided on freehold properties, and leasehold investments

which have more than 20 years to run.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance

sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date

of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	INVESTMENT PROPERTY

Total

£

COST

Additions

4,082,118

At 31st December 2015

4,082,118

NET BOOK VALUE

At 31st December 2015

4,082,118

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

1,000,000

Ordinary

£1

1,000,000

1,000,000 Ordinary shares of £1 each were allotted as fully paid at a premium of 90p per share during the period.