Gillards Farms Limited - Accounts to registrar - small 16.1.1
Gillards Farms Limited - Accounts to registrar - small 16.1.1
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2015 |
| for |
| Gillards Farms Limited |
| Gillards Farms Limited (Registered number: 00981261) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2015 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Gillards Farms Limited |
| Company Information |
| for the Year Ended 31 December 2015 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Parkview |
| 23 Wadham Street |
| Weston-super-Mare |
| Somerset |
| BS23 1JZ |
| Gillards Farms Limited (Registered number: 00981261) |
| Balance Sheet |
| 31 December 2015 |
| 31.12.15 | 31.12.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Property, plant and equipment | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Debtors: amounts falling due within one year | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS/(LIABILITIES) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 9 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| Gillards Farms Limited (Registered number: 00981261) |
| Balance Sheet - continued |
| 31 December 2015 |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| Gillards Farms Limited (Registered number: 00981261) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2015 |
| 1. | STATUTORY INFORMATION |
| Gillards Farms Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| fair value is recognised in profit or loss. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Goodwill |
| £ |
| COST |
| At 1 January 2015 |
| and 31 December 2015 |
| AMORTISATION |
| At 1 January 2015 |
| and 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| At 31 December 2014 |
| Gillards Farms Limited (Registered number: 00981261) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2015 |
| 5. | PROPERTY, PLANT AND EQUIPMENT |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST |
| At 1 January 2015 |
| Disposals | ( |
) | ( |
) | ( |
) |
| Reclassification/transfer | ( |
) | ( |
) |
| At 31 December 2015 |
| DEPRECIATION |
| At 1 January 2015 |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| Reclassification/transfer | ( |
) | ( |
) |
| At 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| At 31 December 2014 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| Revaluations | 611,599 |
| Reclassification/transfer | 538,401 |
| At 31 December 2015 |
| NET BOOK VALUE |
| At 31 December 2015 |
| Cost or valuation at 31 December 2015 is represented by: |
| £ |
| Valuation in 2015 | 1,150,000 |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.15 | 31.12.14 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Gillards Farms Limited (Registered number: 00981261) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2015 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.15 | 31.12.14 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 January 2015 |
| Transfer | (585,973 | ) |
| At 31 December 2015 |
| 10. | RELATED PARTY DISCLOSURES |
| At a directors' meeting held on 26 August 2015 it was proposed that the Company sell the property known as |
| Grange Farm, Stathe, Burrowbridge to Nigel and Julie Gillard. The property was valued by a professional firm of |
| valuers on 1 October 2014 for £138,030. At the meeting it was reported that companies are able to enter into |
| substantial property transactions to directors of a company, but transactions must be approved by a resolution of |
| the shareholders. |
| The meeting reconvened on 7 September 2015 and the chairperson reported that the Resolution approving the |
| sale of Grange Farm had been signed by shareholders holding a majority of the shares and that the Resolution |
| had therefore been duly passed pursuant to section 282 Companies Act 2006. |
| At 31 December 2015 the whole of the sale proceeds had been received by the Company. |