S.J.Farrant & Son Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 00507887 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2016

FOR

S.J.FARRANT & SON LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

J P Farrant

H A Farrant

G N S Farrant

E J T Farrant

A E Farrant

SECRETARY:

S L Farrant

REGISTERED OFFICE:

Manor Farm

Drayton St. Leonard

Wallingford

Oxfordshire

OX10 7BE

REGISTERED NUMBER:

00507887 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

2

8,986,316

9,101,052

Investment property

3

3,800,000

12,786,316

12,901,052

CURRENT ASSETS

Stocks

203,845

300,078

Debtors

412,324

396,889

Cash at bank

623,550

494,746

1,239,719

1,191,713

CREDITORS

Amounts falling due within one year

126,233

169,029

NET CURRENT ASSETS

1,113,486

1,022,684

TOTAL ASSETS LESS CURRENT
LIABILITIES

13,899,802

13,923,736

PROVISIONS FOR LIABILITIES

82,155

85,145

NET ASSETS

13,817,647

13,838,591

CAPITAL AND RESERVES

Called up share capital

4

20,000

Revaluation reserve

10,965,381

Profit and loss account

2,832,266

2,853,210

SHAREHOLDERS' FUNDS

13,817,647

13,838,591

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 29 June 2017 and were signed on its behalf by:

G N S Farrant - Director

J P Farrant - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets 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 - not depreciated

Buildings - 2% straight line

Plant and machinery - 25% reducing balance

Motor vehicles - 25% reducing balance

Computer equipment - 25% reducing balance

Investment property, non investment land and buildings

Investment property, non investment land and buildings are all shown at their most recent valuation. Any

aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Investment properties

Investment properties are revalued annually at their open market value in accordance with FRSSE (effective

January 2015). The surplus or deficit is deemed to be permanent and reduced the property below its historical

cost, in which case it is taken to the profit and loss account.

The treatment as regards the company's investment properties may be a departure from the requirements of the

Companies Act concerning depreciation of fixed assets. However, these properties are not held for consumption

but for investment and the directors consider that systematic annual depreciation would be inappropriate. The

accounting policy adopted is therefore necessary for the financial statements to give a true and fair view.

Depreciation or amortisation is only one of many factors reflect in the annual valuation and the amount which

might otherwise have been shown cannot be separately identified or quantified.

Pensions

The company pays into defined contribution pension schemes. Contributions are recognised in the profit and loss

account in which period they become payable in accordance with the rules of the schemes.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 October 2015

9,874,034

Additions

54,040

Disposals

(51,778

)

At 30 September 2016

9,876,296

DEPRECIATION

At 1 October 2015

772,982

Charge for year

163,264

Eliminated on disposal

(46,266

)

At 30 September 2016

889,980

NET BOOK VALUE

At 30 September 2016

8,986,316

At 30 September 2015

9,101,052

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 October 2015

and 30 September 2016

3,800,000

NET BOOK VALUE

At 30 September 2016

3,800,000

At 30 September 2015

3,800,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.16

30.9.15

value:

£

20,000

Ordinary

1

20,000