Fred Hartley (Estates) Ltd - Abbreviated accounts 16.1

REGISTERED NUMBER: 00438926 (England and Wales)

FRED HARTLEY (ESTATES) LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 JANUARY 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

6

Chartered Accountants' Report

7

DIRECTOR:

C F Hartley

SECRETARY:

C F Hartley

REGISTERED OFFICE:

The Offices

Town Street

Upwell

Wisbech

Cambridgeshire

PE14 9DQ

REGISTERED NUMBER:

00438926 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

FIXED ASSETS

Intangible assets

2

-

-

Tangible assets

3

6,527,497

6,592,330

Investments

4

59,174

59,174

6,586,671

6,651,504

CURRENT ASSETS

Valuation

1,452,783

1,271,277

Debtors

657,143

573,814

Cash at bank and in hand

2,191

2,319

2,112,117

1,847,410

CREDITORS

Amounts falling due within one year

5

2,210,058

2,186,904

NET CURRENT LIABILITIES

(97,941

)

(339,494

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,488,730

6,312,010

CREDITORS

Amounts falling due after more than one year

5

(2,658,463

)

(2,091,481

)

ACCRUALS AND DEFERRED INCOME

(28,980

)

(31,878

)

NET ASSETS

3,801,287

4,188,651

CAPITAL AND RESERVES

Called up share capital

6

181,616

181,616

Revaluation reserve

1,458,623

1,458,623

Capital redemption reserve

266,384

266,384

Profit and loss account

1,894,664

2,282,028

SHAREHOLDERS' FUNDS

3,801,287

4,188,651

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 his 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 director on 28 June 2016 and were signed by:

C F Hartley - 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 January 2015).

Turnover

Turnover represents net invoiced sales of produce, renewable energy and work done excluding value added tax. Sales of

produce are recognised upon despatch. Revenue from work done is recognised on the day of completion of the work.

The single payment is recognised in the financial statements in accordance with H M Revenue & Customs guidance.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

2% on cost

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance, 15% on reducing balance and Straight line over 8 years

Stocks

Valuation are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire

purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over

their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital

element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme

are charged to the profit and loss account in the period to which they relate.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

and 31 January 2016

36,530

AMORTISATION

At 1 February 2015

and 31 January 2016

36,530

NET BOOK VALUE

At 31 January 2016

-

At 31 January 2015

-

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2015

9,034,349

Additions

255,247

Disposals

(181,824

)

At 31 January 2016

9,107,772

DEPRECIATION

At 1 February 2015

2,442,019

Charge for year

288,566

Eliminated on disposal

(150,310

)

At 31 January 2016

2,580,275

NET BOOK VALUE

At 31 January 2016

6,527,497

At 31 January 2015

6,592,330

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 February 2015

and 31 January 2016

59,174

NET BOOK VALUE

At 31 January 2016

59,174

At 31 January 2015

59,174

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Fred Hartley (Farms) Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

5.

CREDITORS

Creditors include an amount of £ 3,672,255 (2015 - £ 2,709,330 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

£

Repayable by instalments

1,530,913

901,508

Details of shares shown as liabilities are as follows:

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

252,225

3% Cumulative redeemable

preference

0.25

-

63,056

980,000

Non cumulative redeemable

preference

0.50

490,000

490,000

490,000

553,056

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

181,616

Ordinary

1

181,616

181,616

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial

statements, from which the unaudited abbreviated accounts (set out on pages two to six) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Fred Hartley (Estates) Ltd for the year ended 31 January 2016 which comprise the Profit and Loss Account, the

Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given

us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of Fred Hartley (Estates) Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Fred Hartley (Estates) Ltd and state those matters that we have agreed to state to the director of Fred Hartley (Estates) Ltd in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Fred Hartley (Estates) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Fred Hartley (Estates) Ltd. You consider that Fred Hartley (Estates) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Fred Hartley (Estates) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Duncan & Toplis Limited

Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

28 June 2016