Corb Farms Limited - Abbreviated accounts 16.1

Corb Farms Limited - Abbreviated accounts 16.1

CORB FARMS LIMITED - Company Information

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REGISTERED NUMBER: 04452368 (England and Wales)















ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2016

FOR

CORB FARMS LIMITED

CORB FARMS LIMITED (REGISTERED NUMBER: 04452368)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

CORB FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTOR: A I Corb





SECRETARY: Mrs J B M Smith





REGISTERED OFFICE: 178-180 Hotwell Road
Bristol
BS8 4RP





REGISTERED NUMBER: 04452368 (England and Wales)





ACCOUNTANTS: Lawes & Co
Boyce's Building
40-42 Regent Street
Clifton
Bristol
BS8 4HU
Page 1
CORB FARMS LIMITED (REGISTERED NUMBER: 04452368)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Investment property 2 34,850 34,850

CURRENT ASSETS
Cash at bank 25,243 27,781

CREDITORS
Amounts falling due within one year 1,847 2,322
NET CURRENT ASSETS 23,396 25,459
TOTAL ASSETS LESS CURRENT
LIABILITIES
58,246
60,309

CAPITAL AND RESERVES
Called up share capital 3 100 100
Profit and loss account 58,146 60,209
SHAREHOLDERS' FUNDS 58,246 60,309

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 26 November 2016 and were signed by:



A I Corb - Director


The notes form part of these abbreviated accounts

Page 2
CORB FARMS LIMITED (REGISTERED NUMBER: 04452368)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2016

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).

Investment property
In accordance with the Financial Reporting Standard for Smaller Entities (effective 2008), the
investment property has been recorded at cost.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date.

Depreciation
In accordance with the Financial Reporting Standard for Smaller Entities (effective January
2015), no depreciation is provided in respect of investment properties. This represents a
departure from Companies Act 2006 requirements to provide for the systematic annual
depreciation of fixed assets. The directors believe that the policy of not providing for
depreciation is necessary in order for the financial statements to give a true and fair view,
since the current value of investment properties, and changes in the current value, are of
prime importance rather than a calculation of annual depreciation because the properties are
held for investment.

2. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2015
and 31 March 2016 34,850
NET BOOK VALUE
At 31 March 2016 34,850
At 31 March 2015 34,850

3. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
100 Ordinary £1 100 100

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