Mudie & Troughton Farms Limited - Abbreviated accounts 16.3

Mudie & Troughton Farms Limited - Abbreviated accounts 16.3

MUDIE & TROUGHTON FARMS LIMITED - Company Information

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REGISTERED NUMBER: 00815373 (England and Wales)















Abbreviated Unaudited Accounts for the Year Ended 30 September 2016

for

Mudie & Troughton Farms Limited

Mudie & Troughton Farms Limited (Registered number: 00815373)






Contents of the Abbreviated Accounts
for the year ended 30 September 2016




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Mudie & Troughton Farms Limited

Company Information
for the year ended 30 September 2016







DIRECTORS: Mrs A V Troughton
Mrs P S Coghlan
LtCo J B M Troughton





SECRETARY: Mrs A V Troughton





REGISTERED OFFICE: Lime Tree Farm
Fressingfield Road
Laxfield
WOODBRIDGE
Suffolk
IP13 8EN





REGISTERED NUMBER: 00815373 (England and Wales)





ACCOUNTANTS: Argents Chartered Accountants
15 Palace Street
NORWICH
Norfolk
NR3 1RT
Page 1
Mudie & Troughton Farms Limited (Registered number: 00815373)

Abbreviated Balance Sheet
30 September 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 217,221 217,357
Investment property 3 460,000 460,000
677,221 677,357

CURRENT ASSETS
Stocks 84,468 94,493
Debtors 17,314 20,376
Cash at bank 145,802 99,867
247,584 214,736
CREDITORS
Amounts falling due within one year 4 107,390 93,358
NET CURRENT ASSETS 140,194 121,378
TOTAL ASSETS LESS CURRENT
LIABILITIES
817,415
798,735

CREDITORS
Amounts falling due after more than one
year
4
230,668
242,481
NET ASSETS 586,747 556,254

CAPITAL AND RESERVES
Called up share capital 5 2,500 2,500
Profit and loss account 584,247 553,754
SHAREHOLDERS' FUNDS 586,747 556,254

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 7 June 2017 and were signed on its behalf by:




Mrs A V Troughton - Director


The notes form part of these abbreviated accounts

Page 2
Mudie & Troughton Farms Limited (Registered number: 00815373)

Notes to the Abbreviated Accounts
for the year ended 30 September 2016

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.

Land and buildings - not provided
Plant and machinery etc - 20% on cost and 20% on reducing balance

Investment property
Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes
in market value is transferred to a revaluation reserve.

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value.

Single farm payment
Income received under the Common Agricultural Policy Single Payment and Support Scheme Regulations 2005
is accounted for in accordance with the guidance set out in TECH 19/5 issued by The Institute of Chartered
Accountants in England and Wales.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 October 2015
and 30 September 2016 236,474
DEPRECIATION
At 1 October 2015 19,117
Charge for year 136
At 30 September 2016 19,253
NET BOOK VALUE
At 30 September 2016 217,221
At 30 September 2015 217,357

3. INVESTMENT PROPERTY
Total
£   
COST
At 1 October 2015
and 30 September 2016 460,000
NET BOOK VALUE
At 30 September 2016 460,000
At 30 September 2015 460,000

4. CREDITORS

Creditors include an amount of £ 242,168 (2015 - £ 253,744 ) for which security has been given.

Page 3 continued...
Mudie & Troughton Farms Limited (Registered number: 00815373)

Notes to the Abbreviated Accounts - continued
for the year ended 30 September 2016

5. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2016 2015
value: £    £   
2,500 Ordinary £1 2,500 2,500

Page 4