FERNBROOK_FARM_LIMITED - Accounts

FERNBROOK FARM LIMITED - Company Information

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Company Registration No. 07199875 (England and Wales)

FERNBROOK FARM LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2016

FERNBROOK FARM LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

FERNBROOK FARM LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

784,383

784,255

Current assets

Stocks

12,581

Debtors

31,584

36,465

Cash at bank and in hand

16,748

7,094

48,332

56,140

Creditors: amounts falling due within one year

(4,177)

(4,650)

Net current assets

44,155

51,490

Total assets less current liabilities

828,538

835,745

Creditors: amounts falling due after more than one year

(754,164)

(745,938)

74,374

89,807

Capital and reserves

Called up share capital

1,641

Share premium account

162,607

Profit and loss account

(89,874)

(74,441)

Shareholders' funds

74,374

89,807

FERNBROOK FARM LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2016

- 2 -

For the financial year ended 31 March 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 22 December 2016

G Garrett

N Garrett

Director

Company Registration No. 07199875

FERNBROOK FARM LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

The herd is recognised on the balance sheet using the herd basis, in line with the tax treatment of Section 109 of the Corporation Tax 2009, which is a departure from the Companies Act 2006.

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

1.5

Stock

Work in progress is valued at the lower of cost and net realisable value. Home grown produce has been valued in accordance with HM Revenue & Customs guidance HS232.

Fixed assets

Tangible assets

Cost

At 1 April 2015

784,255

Additions

128

At 31 March 2016

784,383

At 31 March 2015

784,255

Share capital

2016

2015

Allotted, called up and fully paid

1,641 Ordinary shares of £1 each

1,641