Abbreviated Company Accounts - NABOTH'S VINEYARD LIMITED

NABOTH'S VINEYARD LIMITED - Company Information

Registered Number 04206670

NABOTH'S VINEYARD LIMITED

Abbreviated Accounts

25 October 2016

NABOTH'S VINEYARD LIMITED Registered Number 04206670

Abbreviated Balance Sheet as at 25 October 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	4,222,423	4,228,029
		4,222,423	4,228,029
Current assets
Stocks		7,648	9,745
Debtors		49,422	42,265
Cash at bank and in hand		363,865	372,390
		420,935	424,400
Creditors: amounts falling due within one year		(10,216)	(6,200)
Net current assets (liabilities)		410,719	418,200
Total assets less current liabilities		4,633,142	4,646,229
Creditors: amounts falling due after more than one year		(312,317)	(322,946)
Provisions for liabilities		(6,676)	(7,799)
Total net assets (liabilities)		4,314,149	4,315,484
Capital and reserves
Called up share capital		1,000	1,000
Share premium account		2,998,385	2,998,385
Profit and loss account		1,314,764	1,316,099
Shareholders' funds		4,314,149	4,315,484

For the year ending 25 October 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 18 July 2017

And signed on their behalf by:
Mrs JM Scott, Director

NABOTH'S VINEYARD LIMITED Registered Number 04206670

Notes to the Abbreviated Accounts for the period ended 25 October 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
Turnover represents income receivable for goods and services provided in the period, exclusive of value added tax and trade discounts

Tangible assets depreciation policy
Depreciation is provided on tangible fixed assets so as to write off their cost or valuation over their useful economic lives as follows:
Motor vehicles 25% per annum on a reducing balance.
Office equipment 33% on straight line basis
Fixtures fittings plant and Machinery 15% on a straight line basis

Other accounting policies
Stocks and cultivations are valued at the lower of cost and net realisable value
In respect of cultivations, cost includes a proportion of overheads according to the stage of cultivation.
Government grants under the single farm payment scheme are shown as income of the period to which they relate.

2Tangible fixed assets

	£
Cost
At 26 October 2015	4,315,862
Additions	1,500
Disposals	-
Revaluations	-
Transfers	-
At 25 October 2016	4,317,362
Depreciation
At 26 October 2015	87,833
Charge for the year	7,106
On disposals	-
At 25 October 2016	94,939
Net book values
At 25 October 2016	4,222,423
At 25 October 2015	4,228,029