Wadmill Farm Ltd - Accounts to registrar - small 16.1.1

REGISTERED NUMBER: 07916231 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2016

for

WADMILL FARM LTD

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTOR:

Z Phayre-Mudge

REGISTERED OFFICE:

Office 1

Unit 13 Chaldicott Barns

Semley

Shaftesbury

Dorset

SP7 9AW

REGISTERED NUMBER:

07916231 (England and Wales)

ACCOUNTANTS:

Kelsall Steele Ltd

Chartered Accountants

Woodlands Court

Truro Business Park

Truro

Cornwall

TR4 9NH

CURRENT ASSETS

Cash in hand

201

201

TOTAL ASSETS LESS CURRENT LIABILITIES

201

201

CAPITAL AND RESERVES

Called up share capital

3

201

201

SHAREHOLDERS' FUNDS

201

201

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director on 16 September 2016 and were signed by:

Z Phayre-Mudge - Director

1.	STATUTORY INFORMATION

Wadmill Farm Ltd is a private company, limited by shares , registered in England and Wales. The

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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling which is the functional currency of the company.

Monetary amounts in these financial statements are rounded to the nearest pound sterling.

This is the first year in which the financial statements have been prepared under FRS 102. The date of

transition was 1 February 2014. No balances have required restatement on transition, and there has

been no effect to profit or loss, or reserves to report.

The directors, after making enquiries and having considered the company's business, its financial

plans and the facilities available to finance the business, have a reasonable expectation that the

company has adequate resources to continue in operational existence for the foreseeable future.

Accordingly, the going concern basis is adopted in preparing the financial statements.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" and

Section 12 "Other Financial Instruments" of FRS102 to all of its financial instruments.

Financial assets and liabilities are recognised in the company's statement of financial position when

the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are classified into specific categories. The classification depends on the

nature and purpose of the financial asset or liability and is determined at the time of recognition.

Basic financial assets, which include trade and other receivables, including staff loans and cash and

bank balances, are initially measured at transaction price including transaction costs and are

subsequently carried at amortised cost using the effective interest method, unless the arrangement

constitutes a financing transaction, where the transaction is measured at the present value of the

future receipts discounted at a market rate of interest.

Basic financial liabilities, which include trade and other payables are initially measured at transaction

price, unless the arrangement constitutes a financing transaction, where the debt instrument is

measured at the present value of the future payments discounted at a market rate of interest.

Other financial assets and / or liabilities are initially measured at their fair value, which is normally the

transaction price and are subsequently carried at fair value with all changes being recognised in the

profit or loss.

Financial liabilities are derecognised when, and only when, the company's obligations are disharged,

cancelled, or they expire.

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

199

Ordinary

1

199

199

1

Ordinary

1

1

1

1

Ordinary B

1

1

1

201

201

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

No loan to directors subsisted during the years ended 31 January 2015 or 31 January 2016.

5.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed to the director the following amount, which is included

within Creditors:Amounts falling due within One Year:

2016

2015

£

£

Z Phayre-Mudge

-

-

6.	ULTIMATE CONTROLLING PARTY

Ms Z Phayre-Mudge controls the company by virtue of having a 100% controlling interest in the parent

company, ZPM Limited.