Padworth Trout Farm Limited - Abbreviated accounts 16.3
Padworth Trout Farm Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| PADWORTH TROUT FARM LIMITED |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED |
| 31 MARCH 2016 |
| PADWORTH TROUT FARM LIMITED (REGISTERED NUMBER: 03033738) |
| 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 | to | 4 |
| PADWORTH TROUT FARM LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| BANKERS: |
| PADWORTH TROUT FARM LIMITED (REGISTERED NUMBER: 03033738) |
| ABBREVIATED BALANCE SHEET |
| 31 MARCH 2016 |
| 2016 | 2015 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| CURRENT ASSETS |
| Stocks |
| Debtors |
| CREDITORS |
| Amounts falling due within one year | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 3 |
| 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. |
| The financial statements were approved by the Board of Directors on |
| PADWORTH TROUT FARM LIMITED (REGISTERED NUMBER: 03033738) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| 1. | ACCOUNTING POLICIES |
| Basis of accounting |
| The financial statements have been prepared under the historical cost convention, modified to include the revaluation of |
| certain fixed assets, and in accordance with Financial reporting standard for small entities (Effective January 2015). |
| Turnover |
| Turnover is the total amount receivable by the company for goods supplied and services provided, excluding VAT and |
| trade discounts. |
| Depreciation |
| Freehold property | - |
| Plant and machinery | - |
| Tanks and Raceways | - |
| Computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value. |
| Deferred taxation |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet |
| date. |
| Research and development |
| Research and development expenditure is written off in the year in which it is incurred. |
| Pension costs |
| The company operates a defined contribution pension scheme for employees. The assets of the scheme are held |
| separately from those of the company. The annual contributions payable are charged to the profit and loss account. |
| Deferred government grants |
| Deferred government grants in respect of capital expenditure are treated as deferred income and are credited to the profit |
| and loss account over the estimated useful life of the assets to which they relate. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| and 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Charge for year |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 3. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 |
| PADWORTH TROUT FARM LIMITED (REGISTERED NUMBER: 03033738) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| 4. | TRANSACTIONS WITH THE DIRECTORS |
| During the year costs of £34,119 (2015: £8,828) were recharged to Mr C. G. Saunders-Davies trading as Test Valley Trout. |
| A loan of £18,000 (2015; £Nil) was provided, unsecured and interest free, to Mr C. G. Saunders-Davies trading as Test |
| Valley Trout during the year. At the year end £18,000 (2015: £Nil) was outstanding from Mr C. G. Saunders-Davies trading |
| as Test Valley Trout in respect to the loan. |