Abbreviated Company Accounts - DENMARK FARM CONSERVATION CENTRE

DENMARK FARM CONSERVATION CENTRE - Company Information

Registered Number 07462134

DENMARK FARM CONSERVATION CENTRE

Abbreviated Accounts

31 March 2016

DENMARK FARM CONSERVATION CENTRE Registered Number 07462134

Abbreviated Balance Sheet as at 31 March 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	3	297,409	310,666
		297,409	310,666
Current assets
Stocks		3,334	3,704
Debtors		425	3,162
Cash at bank and in hand		11,242	13,307
		15,001	20,173
Creditors: amounts falling due within one year		(72,205)	(72,493)
Net current assets (liabilities)		(57,204)	(52,320)
Total assets less current liabilities		240,205	258,346
Creditors: amounts falling due after more than one year		(275,787)	(276,311)
Total net assets (liabilities)		(35,582)	(17,965)
Reserves
Income and expenditure account		(35,582)	(17,965)
Members' funds		(35,582)	(17,965)

For the year ending 31 March 2016 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 14 September 2016

And signed on their behalf by:
G E Strachan, Director
A Smith, Director

DENMARK FARM CONSERVATION CENTRE Registered Number 07462134

Notes to the Abbreviated Accounts for the period ended 31 March 2016

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 is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Tangible assets depreciation policy
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property - 30 years straight line
Fixtures & Fittings - 25% straight line
Equipment - 25% straight line

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 April 2015	356,478
Additions	150
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2016	356,628
Depreciation
At 1 April 2015	45,812
Charge for the year	13,407
On disposals	-
At 31 March 2016	59,219
Net book values
At 31 March 2016	297,409
At 31 March 2015	310,666

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.