Abbreviated Company Accounts - THE VILLAGE CHURCH FARM

Abbreviated Company Accounts - THE VILLAGE CHURCH FARM

THE VILLAGE CHURCH FARM - Company Information

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Registered Number 07663557

THE VILLAGE CHURCH FARM

Abbreviated Accounts

30 June 2016

THE VILLAGE CHURCH FARM Registered Number 07663557

Abbreviated Balance Sheet as at 30 June 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 3 66,593 63,675
66,593 63,675
Current assets
Stocks 600 580
Debtors 327 612
Cash at bank and in hand 25,031 14,382
25,958 15,574
Creditors: amounts falling due within one year (2,673) (8,126)
Net current assets (liabilities) 23,285 7,448
Total assets less current liabilities 89,878 71,123
Total net assets (liabilities) 89,878 71,123
Reserves
Income and expenditure account 89,878 71,123
Members' funds 89,878 71,123
  • 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 23 March 2017

And signed on their behalf by:
Mr T J Monahan, Director

THE VILLAGE CHURCH FARM Registered Number 07663557

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.

Turnover policy
Income from subscriptions, donations, grants including capital grants and gifts are included in incoming resources when these are received.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost or valuation less depreciatioin. 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 basis:

Fixtures and fittings - 25% reducing balance basis

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets
£
Cost
At 1 July 2015 72,085
Additions 4,474
Disposals -
Revaluations -
Transfers -
At 30 June 2016 76,559
Depreciation
At 1 July 2015 8,410
Charge for the year 1,556
On disposals -
At 30 June 2016 9,966
Net book values
At 30 June 2016 66,593
At 30 June 2015 63,675