Abbreviated Company Accounts - AGRARIAN FINANCE LIMITED

Abbreviated Company Accounts - AGRARIAN FINANCE LIMITED

AGRARIAN FINANCE LIMITED - Company Information

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Registered Number 05261727

AGRARIAN FINANCE LIMITED

Abbreviated Accounts

31 December 2015

AGRARIAN FINANCE LIMITED Registered Number 05261727

Abbreviated Balance Sheet as at 31 December 2015

Notes 2015 2014
£ £
Fixed assets
Tangible assets 2 837,250 837,250
Investments 3 183,818 -
1,021,068 837,250
Current assets
Debtors 4 10,124 8,346
Cash at bank and in hand 5,086 42,574
15,210 50,920
Creditors: amounts falling due within one year 5 (637,700) (562,668)
Net current assets (liabilities) (622,490) (511,748)
Total assets less current liabilities 398,578 325,502
Creditors: amounts falling due after more than one year 5 (376,242) (319,332)
Total net assets (liabilities) 22,336 6,170
Capital and reserves
Called up share capital 100 100
Profit and loss account 22,236 6,070
Shareholders' funds 22,336 6,170
  • 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 28 February 2016

And signed on their behalf by:
Alun Rowland Booth, Director

AGRARIAN FINANCE LIMITED Registered Number 05261727

Notes to the Abbreviated Accounts for the period ended 31 December 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 represents property rents received or receivable during the period.

Tangible assets depreciation policy
Land and freehold buildings are stated at cost and are not depreciated, save where the directors believe that there has been a permanent reduction in value. The directors are of the opinion that at the year end none of the properties had a market value lower than its original cost.

Other accounting policies
The directors have taken advantage of the exemption in Financial Reporting Standard No 1 (revised) from including a cash flow statement in the financial statements on the grounds that the company is small.

No provision is made for deferred taxation.

2Tangible fixed assets
£
Cost
At 1 January 2015 837,250
Additions -
Disposals -
Revaluations -
Transfers -
At 31 December 2015 837,250
Depreciation
At 1 January 2015 -
Charge for the year -
On disposals -
At 31 December 2015 -
Net book values
At 31 December 2015 837,250
At 31 December 2014 837,250

3Fixed assets Investments
During the year the company purchased 4,464 shares in Cassiopae SAS, a French trading company, representing 0.73% of the total share capital. A new mortgage facility of £101,500, secured on the company's property holdings, was arranged with Lloyds Bank in order to make this purchase.

4Debtors

Loans from shareholders increased to £597,209 (2014 £555,537) in order to finance the acquisition of shares in Cassiopae SAS.

5Creditors
2015
£		 2014
£
Secured Debts 408,027 319,332