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FRED HARTLEY (ESTATES) LTD
REGISTERED NUMBER: 00438926
ABBREVIATED BALANCE SHEET
AS AT 31 JANUARY 2014
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CREDITORS: amounts falling due within one year
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TOTAL ASSETS LESS CURRENT LIABILITIES
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CREDITORS: amounts falling due after more than one year
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Capital redemption reserve
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The director considers that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 January 2014 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
Page 1
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FRED HARTLEY (ESTATES) LTD
ABBREVIATED BALANCE SHEET (continued)
AS AT 31 JANUARY 2014
The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf by:
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C F Hartley
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
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FRED HARTLEY (ESTATES) LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2014
1.ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
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Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
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Intangible fixed assets and amortisation
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Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of the asset as follows:
Sugar Beet Quota - 25% per annum straight line
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Tangible fixed assets and depreciation
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Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
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2% per annum straight line
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15% per annum reducing balance
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25% per annum reducing balance
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15% per annum reducing balance
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25% to 33% per annum reducing balance
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25% per annum reducing balance
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Revaluation of tangible fixed assets
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As permitted by the transitional provisions of the Financial Reporting Standard for Smaller Entities (effective April 2008) the company has elected not to adopt a policy of revaluation of tangible fixed assets. The company will retain the book value of land and buildings, previously revalued at 1 December 2002 and will not update that valuation.
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Investments held as fixed assets are shown at cost less provision for impairment.
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The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.
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Page 3
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FRED HARTLEY (ESTATES) LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2014
2.INTANGIBLE FIXED ASSETS
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At 1 February 2013 and 31 January 2014
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At 1 February 2013 and 31 January 2014
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3.TANGIBLE FIXED ASSETS
4.FIXED ASSET INVESTMENTS
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At 1 February 2013 and 31 January 2014
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Page 4
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FRED HARTLEY (ESTATES) LTD
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2014
5.SHARE CAPITAL
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Shares classified as capital
 
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Allotted, called up and fully paid
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181,616 Ordinary shares of £1 each
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Shares classified as debt
 
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Allotted, called up and fully paid
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252,225 (2013 - 1,260,000) 3% Cumulative redeemable preference shares shares of £0.25 each
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980,000 Non Cumulative redeemable preference shares shares of £0.50 each
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6.RELATED PARTY TRANSACTIONS
At the year end Mr C F Hartley a Director owed the company £35,099 (2013 £26,951)
Page 5
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