Girsby Vale Farm Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 09229853 (England and Wales)

GIRSBY VALE FARM LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

5

DIRECTORS:

J C S R Milligan-Manby

Mrs E J O Milligan-Manby

SECRETARY:

J C S R Milligan-Manby

REGISTERED OFFICE:

Thorganby Hall

Thorganby

Grimsby

Lincolnshire

DN37 0SR

REGISTERED NUMBER:

09229853 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Tangible assets

2

316,810

CURRENT ASSETS

Valuation

46,417

39,399

Debtors

6,589

3,998

Cash at bank

9,854

1,530

62,860

44,927

CREDITORS

Amounts falling due within one year

30,119

30,913

NET CURRENT ASSETS

32,741

14,014

TOTAL ASSETS LESS CURRENT LIABILITIES

349,551

330,824

CAPITAL AND RESERVES

Called up share capital

3

100

Share premium

330,503

Profit and loss account

18,948

221

SHAREHOLDERS' FUNDS

349,551

330,824

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 9 December 2016 and were signed on its behalf
by:

J C S R Milligan-Manby - Director

Mrs E J O Milligan-Manby - 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 , excluding value added tax.

Sales of produce are recognised upon despatch.

Tangible fixed assets

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

Land and buildings

-

not provided

Stocks

Stock represents the farm valuation which has been valued by independent valuers at the lower of cost and

net realisable value.

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

316,810

NET BOOK VALUE

At 31 March 2016

316,810

At 31 March 2015

316,810

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1

100

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 four)

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 Girsby Vale Farm Ltd for the year ended 31 March 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Girsby Vale Farm Ltd, 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 Girsby Vale Farm Ltd and state those matters that we have agreed to state to the Board of Directors of Girsby Vale Farm Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Girsby Vale Farm Ltd Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Girsby Vale Farm 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 profit of Girsby Vale Farm Ltd. You consider that Girsby Vale Farm 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 Girsby Vale Farm 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

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

9 December 2016