Abbreviated Company Accounts - ACEFARM LIMITED

Abbreviated Company Accounts - ACEFARM LIMITED

ACEFARM LIMITED - Company Information

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Registered Number 02186984

ACEFARM LIMITED

Abbreviated Accounts

30 June 2016

ACEFARM LIMITED Registered Number 02186984

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 1,441,593 1,442,335
1,441,593 1,442,335
Current assets
Debtors 7,164 7,080
Investments 230,000 230,000
Cash at bank and in hand 24,884 931
262,048 238,011
Creditors: amounts falling due within one year (86,190) (62,836)
Net current assets (liabilities) 175,858 175,175
Total assets less current liabilities 1,617,451 1,617,510
Creditors: amounts falling due after more than one year (609,757) (609,760)
Provisions for liabilities (701) (701)
Total net assets (liabilities) 1,006,993 1,007,049
Capital and reserves
Called up share capital 2 2
Revaluation reserve 884,759 884,759
Profit and loss account 122,232 122,288
Shareholders' funds 1,006,993 1,007,049
  • For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 29 December 2016

And signed on their behalf by:
Arun PATEL, Director

ACEFARM LIMITED Registered Number 02186984

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

2Tangible fixed assets
£
Cost
At 1 July 2015 1,470,918
Additions -
Disposals -
Revaluations -
Transfers -
At 30 June 2016 1,470,918
Depreciation
At 1 July 2015 28,583
Charge for the year 742
On disposals -
At 30 June 2016 29,325
Net book values
At 30 June 2016 1,441,593
At 30 June 2015 1,442,335