Spring Pond Farming Limited - Abbreviated accounts 16.3

Spring Pond Farming Limited - Abbreviated accounts 16.3

SPRING POND FARMING LIMITED - Company Information

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REGISTERED NUMBER: 03143093 (England and Wales)





ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

FOR

SPRING POND FARMING LIMITED

SPRING POND FARMING LIMITED (REGISTERED NUMBER: 03143093)

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 4

SPRING POND FARMING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2016







DIRECTOR: J J L G Sheffield



SECRETARY: Martin and Company (Company Secretaries) Limited



REGISTERED OFFICE: The Estate Office
Laverstoke Grange
Laverstoke
Whitchurch
Hampshire
RG28 7PF



REGISTERED NUMBER: 03143093 (England and Wales)



ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



BANKERS: Lloyds TSB Bank plc
Agricultural Centre
18/22 Blakey Road
Salisbury
Wiltshire
SP1 2LP
Page 1
SPRING POND FARMING LIMITED (REGISTERED NUMBER: 03143093)

ABBREVIATED BALANCE SHEET
31 MARCH 2016

31.3.16 31.3.15
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 493,775 493,775
Investment property 3 727,840 -
1,221,615 493,775

CURRENT ASSETS
Stocks 26,703 20,539
Debtors 44,431 42,818
Cash at bank 11,129 44,266
82,263 107,623
CREDITORS
Amounts falling due within one year 49,498 61,861
NET CURRENT ASSETS 32,765 45,762
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,254,380
539,537

CREDITORS
Amounts falling due after more than one
year
705,143
-
NET ASSETS 549,237 539,537

CAPITAL AND RESERVES
Called up share capital 4 450,000 450,000
Capital redemption reserve 50,370 50,370
Profit and loss account 48,867 39,167
SHAREHOLDERS' FUNDS 549,237 539,537

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 notes form part of these abbreviated accounts

Page 2 continued...
SPRING POND FARMING LIMITED (REGISTERED NUMBER: 03143093)

ABBREVIATED BALANCE SHEET - continued
31 MARCH 2016


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 12 December 2016 and were signed by:





J J L G Sheffield - Director


The notes form part of these abbreviated accounts

Page 3
SPRING POND FARMING LIMITED (REGISTERED NUMBER: 03143093)

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).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

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.

Depreciation is not provided on the investment property. This treatment is a departure from the requirement of
the Companies Act to depreciate fixed assets. However, this property is not held for consumption and the
directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is
therefore necessary for the accounts to give a true and fair view.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

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

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2015
and 31 March 2016 503,775
DEPRECIATION
At 1 April 2015
and 31 March 2016 10,000
NET BOOK VALUE
At 31 March 2016 493,775
At 31 March 2015 493,775

3. INVESTMENT PROPERTY
Total
£   
COST
Additions 727,840
At 31 March 2016 727,840
NET BOOK VALUE
At 31 March 2016 727,840

Page 4 continued...
SPRING POND FARMING LIMITED (REGISTERED NUMBER: 03143093)

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


4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.16 31.3.15
value: £    £   
90,000 Ordinary £5 450,000 450,000

Page 5