TANNINGTON_PIGS_LIMITED - Accounts

TANNINGTON PIGS LIMITED - Company Information

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Company Registration No. 00656446 (England and Wales)

TANNINGTON PIGS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

TANNINGTON PIGS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

TANNINGTON PIGS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

1,717,518

1,718,131

Investments

1,165,384

1,097,806

2,882,902

2,815,937

Current assets

Debtors

1,749,723

1,718,050

Cash at bank and in hand

6,397

34,641

1,756,120

1,752,691

Creditors: amounts falling due within one year

(168,803)

(173,660)

Net current assets

1,587,317

1,579,031

Total assets less current liabilities

4,470,219

4,394,968

Creditors: amounts falling due after more than one year

(163,881)

(264,209)

4,306,338

4,130,759

Capital and reserves

Called up share capital

100

Revaluation reserve

569,551

Profit and loss account

3,736,687

3,561,108

Shareholders' funds

4,306,338

4,130,759

TANNINGTON PIGS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 JUNE 2016

- 2 -

For the financial year ended 30 June 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 8 March 2017

Mr J St J Harvey

Director

Company Registration No. 00656446

TANNINGTON PIGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2016

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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 or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

10% Reducing Balance

1.5

Investments

Fixed asset investments are stated at cost less provision for diminution in value. The debtor for the company's drawings are included in the carrying value of the investment.

1.6

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

TANNINGTON PIGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2016

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 1 July 2015

1,834,771

1,097,806

2,932,577

Additions

67,578

At 30 June 2016

1,834,771

1,165,384

3,000,155

Depreciation

At 1 July 2015

116,640

Charge for the year

613

At 30 June 2016

117,253

Net book value

At 30 June 2016

1,717,518

1,165,384

2,882,902

At 30 June 2015

1,718,131

1,097,806

2,815,937

Joint Venture

The company is in a joint venture agreement with Mr D B T Hale called Shingham Livestock. The company holds a 50% share of the joint venture whose business income is generated from 'Management and Buildings'. These accounts include the results for the joint ventures' year ended 31 May 2016. In previous years this investment was re-valued. This policy ceased in 1999 and no further revaluations have been undertaken.

Share capital

2016

2015

Allotted, called up and fully paid

99 Ordinary A shares of £1 each

1 Ordinary B shares of £1 each

100