RECTORY_FARM_(HEMINGFORD) - Accounts

RECTORY FARM(HEMINGFORD)LIMITED - Company Information

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Company Registration No. 00529524 (England and Wales)

RECTORY FARM (HEMINGFORD) LTD

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2014

RECTORY FARM (HEMINGFORD) LTD

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

RECTORY FARM (HEMINGFORD) LTD

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

581,828

581,309

Current assets

Stocks

112,402

101,871

Debtors

49,809

6,395

Cash at bank and in hand

327,106

333,318

489,317

441,584

Creditors: amounts falling due within one year

(49,407)

(55,303)

Net current assets

439,910

386,281

Total assets less current liabilities

1,021,738

967,590

Provisions for liabilities

(9,854)

(9,036)

1,011,884

958,554

Capital and reserves

Called up share capital

2,250

Revaluation reserve

423,980

Other reserves

750

Profit and loss account

584,904

531,574

Shareholders' funds

1,011,884

958,554

RECTORY FARM (HEMINGFORD) LTD

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 JUNE 2014

- 2 -

For the financial year ended 30 June 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 13 November 2014

S. N. Setchell

Director

Company Registration No. 00529524

RECTORY FARM (HEMINGFORD) LTD

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

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).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

15% per annum of reducing balance

Plant and machinery

15% per annum of reducing balance

Motor vehicles

25% per annum of reducing balance

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

1.5

Deferred taxation

Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.

RECTORY FARM (HEMINGFORD) LTD

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2014

- 4 -

Fixed assets

Tangible assets

Cost or valuation

At 1 July 2013

664,682

Additions

12,146

Disposals

(5,790)

At 30 June 2014

671,038

Depreciation

At 1 July 2013

83,374

On disposals

(3,398)

Charge for the year

9,234

At 30 June 2014

89,210

Net book value

At 30 June 2014

581,828

At 30 June 2013

581,309

Share capital

2014

2013

Allotted, called up and fully paid

2,250 Ordinary shares of £1 each

2,250