Abbreviated Company Accounts - WORDEN FARMING LIMITED

WORDEN FARMING LIMITED - Company Information

Registered Number 03316545

WORDEN FARMING LIMITED

Abbreviated Accounts

30 September 2016

WORDEN FARMING LIMITED Registered Number 03316545

Abbreviated Balance Sheet as at 30 September 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Intangible assets		-	-
Tangible assets		-	-
Investments	2	500,000	500,000
		500,000	500,000
Current assets
Stocks		-	-
Debtors		-	1,540
Investments		36,209	6,871
Cash at bank and in hand		42,784	44,416
		78,993	52,827
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year		(82,850)	(77,110)
Net current assets (liabilities)		(3,857)	(24,283)
Total assets less current liabilities		496,143	475,717
Total net assets (liabilities)		496,143	475,717
Capital and reserves
Called up share capital		500,000	500,000
Share premium account		0	0
Revaluation reserve		0	0
Other reserves		0	0
Profit and loss account		(3,857)	(24,283)
Shareholders' funds		496,143	475,717

For the year ending 30 September 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 20 June 2017

And signed on their behalf by:
Mr Peter Scott, Director

WORDEN FARMING LIMITED Registered Number 03316545

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

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

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).

Turnover policy
Turnover represents the company's share in the results of the partnership.

Other accounting policies
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
Current asset investments are stated at the lower of cost and net realisable value. The farming
partnership current account is credited with the profits attributable to the company less any sums
drawn against this amount.

2Fixed assets Investments
The investment represents a one third share in 'The WRC Farm Partnership' capital account.
The value of the company's investment is not known, but in the opinion of the directors is not less than the value stated in the accounts. Therefore, in the opinion of the directors no provision for diminution in the value of fixed asset investments is required.