Roughton Farms Limited - Limited company - abbreviated - 11.0.0
Roughton Farms Limited - Limited company - abbreviated - 11.0.0
| REGISTERED NUMBER: |
| ROUGHTON FARMS LIMITED |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 JANUARY 2014 |
| ROUGHTON FARMS LIMITED (REGISTERED NUMBER: 00538726) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 JANUARY 2014 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 | to | 3 |
| Notes to the Abbreviated Accounts | 4 | to | 6 |
| Chartered Accountants' Report | 7 |
| ROUGHTON FARMS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 JANUARY 2014 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| ROUGHTON FARMS LIMITED (REGISTERED NUMBER: 00538726) |
| ABBREVIATED BALANCE SHEET |
| 31 JANUARY 2014 |
| 2014 | 2013 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 2 |
| Tangible assets | 3 | 1,763,251 | 2,483,441 |
| Investments | 4 | 1,103,765 | 285,911 |
| CURRENT ASSETS |
| Valuation |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 6 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Share premium |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| ROUGHTON FARMS LIMITED (REGISTERED NUMBER: 00538726) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 JANUARY 2014 |
| The financial statements were approved by the Board of Directors on |
| ROUGHTON FARMS LIMITED (REGISTERED NUMBER: 00538726) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 JANUARY 2014 |
| 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 April 2008). |
| Preparation of consolidated financial statements |
| The financial statements contain information about Roughton Farms Limited as an individual company and do not contain |
| consolidated financial information as the parent of a group. The company has taken the option under Section 398 of the |
| Companies Act 2006 not to prepare consolidated financial statements. |
| Turnover |
| Turnover represents net invoiced sales of produce and contracting services, excluding valued added tax, and includes the |
| Single Farm Payment and environmental subsidies. |
| Sales of produce are recognised upon despatch. Revenue from contracting services is recognised when the service is |
| performed. |
| The Single Farm Payment is recognised in the financial statements in accordance with current H.M.Revenue & Customs |
| guidance. |
| Intangible fixed assets |
| Amounts paid for the purchase of entitlements have been capitalised and are being amortised straight line over the period |
| to 31 December 2012. |
| Tangible fixed assets |
| Freehold property | - |
| Improvements to property | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value in accordance with Inland Revenue Business Economic Notes |
| 19. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
| date. |
| 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. |
| ROUGHTON FARMS LIMITED (REGISTERED NUMBER: 00538726) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2014 |
| 2. | INTANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 February 2013 |
| and 31 January 2014 |
| AMORTISATION |
| At 1 February 2013 |
| and 31 January 2014 |
| NET BOOK VALUE |
| At 31 January 2014 |
| At 31 January 2013 |
| 3. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 February 2013 | 3,028,150 |
| Additions | 172,127 |
| Disposals | (31,758 | ) |
| Transfer to subsidiary | (817,854 | ) |
| At 31 January 2014 | 2,350,665 |
| DEPRECIATION |
| At 1 February 2013 | 544,709 |
| Charge for year | 64,403 |
| Eliminated on disposal | (21,698 | ) |
| At 31 January 2014 | 587,414 |
| NET BOOK VALUE |
| At 31 January 2014 | 1,763,251 |
| At 31 January 2013 | 2,483,441 |
| 4. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 February 2013 | 285,911 |
| Additions | 817,854 |
| At 31 January 2014 | 1,103,765 |
| NET BOOK VALUE |
| At 31 January 2014 | 1,103,765 |
| At 31 January 2013 |
| ROUGHTON FARMS LIMITED (REGISTERED NUMBER: 00538726) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 JANUARY 2014 |
| 4. | FIXED ASSET INVESTMENTS - continued |
| The company's investments at the balance sheet date in the share capital of companies include the following: |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary shares | 100.00 |
| £ |
| Aggregate capital and reserves |
| Profit for the year |
| 5. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| The aggregate total of debtors falling due after more than one year is £ |
| 6. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 2014 | 2013 |
| £ | £ |
| Repayable by instalments | 153,575 | 160,291 |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2014 | 2013 |
| value: | £ | £ |
| A Ordinary | £1 |
| B Ordinary | £1 |
| C Ordinary | £1 |
| 109,900 | 109,900 |
| CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
| ON THE UNAUDITED FINANCIAL STATEMENTS OF |
| ROUGHTON FARMS LIMITED |
| The following reproduces the text of the report prepared for the directors 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 Roughton Farms Limited for the year ended 31 January 2014 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 Board of Directors of Roughton Farms Limited, as a body, in accordance with our terms of |
| engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Roughton Farms |
| Limited and state those matters that we have agreed to state to the Board of Directors of Roughton Farms Limited, as a body, 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 Board of Directors, as a body, for our work or for this |
| report. |
| It is your duty to ensure that Roughton Farms Limited 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 profit of Roughton Farms Limited. You |
| consider that Roughton Farms Limited 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 Roughton Farms Limited. 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. |
| 2 October 2014 |