Manor Farms (Little Milton) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 02803790 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

MANOR FARMS (LITTLE MILTON) LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

G W Latham

R Mortlock

SECRETARY:

REGISTERED OFFICE:

Hedge House

Hangersley House

Ringwood

Hampshire

BH24 3JW

REGISTERED NUMBER:

02803790 (England and Wales)

ACCOUNTANTS:

Graham Latham Limited

Hedge House Hangersley Hill

Hangersley

Ringwood

Hampshire

BH24 3JW

FIXED ASSETS

Tangible assets

2

-

Investment property

3

2,940,000

CURRENT ASSETS

Debtors

1,979,326

1,977,627

Cash at bank

48,821

42,881

2,028,147

2,020,508

CREDITORS

Amounts falling due within one year

392,406

390,338

NET CURRENT ASSETS

1,635,741

1,630,170

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,575,741

4,570,170

CAPITAL AND RESERVES

Called up share capital

4

1,142,799

Revaluation reserve

2,266,220

Profit and loss account

1,166,722

1,161,151

SHAREHOLDERS' FUNDS

4,575,741

4,570,170

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 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.

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 Board of Directors on 6 December 2016 and were signed on its behalf
by:

G W Latham - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents rents receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

95,793

Disposals

(95,793

)

At 31 March 2016

-

DEPRECIATION

At 1 April 2015

95,793

Eliminated on disposal

(95,793

)

At 31 March 2016

-

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

-

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2015

and 31 March 2016

2,940,000

NET BOOK VALUE

At 31 March 2016

2,940,000

At 31 March 2015

2,940,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.16

31.3.15

value:

£

1,142,799

Ordinary

£1

1,142,799

5.	ULTIMATE PARENT COMPANY

Newman Farms (Manor Farm) Limited is regarded by the directors as being the company's ultimate parent

company.