Long Acre Farm Ltd - Period Ending 2016-06-30

Registration number: 06948903

Long Acre Farm Ltd

Unaudited Abbreviated Accounts

for the Year Ended 30 June 2016
 

KRW Accountants Ltd
Chartered Accountants & Tax Advisers
The Mill
Pury Hill Business Park
Alderton Road
Towcester
NN12 7LS

Long Acre Farm Ltd
Contents

Abbreviated Balance Sheet 1 to 2

Notes to the Abbreviated Accounts 3

Long Acre Farm Ltd
(Registration number: 06948903)
Abbreviated Balance Sheet at 30 June 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					596,707			596,707
Current assets
Debtors					6,659			9,150
Cash at bank and in hand					3,627			13,385
					10,286			22,535
Creditors: Amounts falling due within one year					(555,741)			(583,561)
Net current liabilities					(545,455)			(561,026)
Net assets					51,252			35,681
Capital and reserves
Called up share capital		3			4			4
Profit and loss account					51,248			35,677
Shareholders' funds					51,252			35,681

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 .

The notes on page 3 form an integral part of these financial statements.
Page 1

Long Acre Farm Ltd
(Registration number: 06948903)
Abbreviated Balance Sheet at 30 June 2016
......... continued

Approved by the Board on 16 December 2016 and signed on its behalf by:

.........................................
Mrs Linda Sibun
Director

.........................................
Mr John Ulrik Birkland Radford
Director

The notes on page 3 form an integral part of these financial statements.
Page 2

Long Acre Farm Ltd
Notes to the Abbreviated Accounts for the Year Ended 30 June 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts chargeable in respect of the sale of goods and services to customers.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 July 2015		596,707			596,707
At 30 June 2016		596,707			596,707
Depreciation
At 30 June 2016		-			-
Net book value
At 30 June 2016		596,707			596,707
At 30 June 2015		596,707			596,707

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary of £1 each		4			4			4			4

Page 3