Brockton House Farm Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 07773873 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 March 2016

for

Brockton House Farm Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Report of the Accountants

6

DIRECTORS:

J A Pickstock

Mrs J L Pickstock

REGISTERED OFFICE:

Brockton House

Brockton

Shifnal

TF11 9NA

REGISTERED NUMBER:

07773873 (England and Wales)

ACCOUNTANTS:

T.A. Gittins & Company

Chartered Accountants,

61 King Street

Wrexham

LL11 1HR

FIXED ASSETS

Intangible assets

2

70,000

-

Tangible assets

3

7,583,400

7,483,484

Investments

4

7,627,381

15,280,781

15,110,865

CURRENT ASSETS

Stocks

469,678

89,599

Debtors

10,981,103

1,514,104

Cash at bank

415,809

90,662

11,866,590

1,694,365

CREDITORS

Amounts falling due within one year

22,890,255

13,190,865

NET CURRENT LIABILITIES

(11,023,665

)

(11,496,500

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,257,116

3,614,365

PROVISIONS FOR LIABILITIES

85,694

76,932

NET ASSETS

4,171,422

3,537,433

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

4,171,322

3,537,333

SHAREHOLDERS' FUNDS

4,171,422

3,537,433

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 29 December 2016 and were signed on its behalf
by:

J A Pickstock - Director

Mrs J L Pickstock - 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 goods, excluding value added tax.

Tangible fixed assets

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

Freehold property

-

in accordance with the property

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

Additions

70,000

At 31 March 2016

70,000

NET BOOK VALUE

At 31 March 2016

70,000

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

7,636,733

Additions

261,051

Disposals

(57,900

)

At 31 March 2016

7,839,884

DEPRECIATION

At 1 April 2015

153,249

Charge for year

106,260

Eliminated on disposal

(3,025

)

At 31 March 2016

256,484

NET BOOK VALUE

At 31 March 2016

7,583,400

At 31 March 2015

7,483,484

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

and 31 March 2016

7,627,381

NET BOOK VALUE

At 31 March 2016

7,627,381

At 31 March 2015

7,627,381

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

£1.00

100

6.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Andrew Pickstock and Mrs Janice Pickstock equally.

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 five)

have been prepared.

As described on the balance sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2016 set out on pages three to ten and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

T.A. Gittins & Company

Chartered Accountants,

61 King Street

Wrexham

LL11 1HR

Date: 29th December 2016