The Fairways Chippenham Ltd - Accounts to registrar

REGISTERED NUMBER: 09993878 (England and Wales)

Audited Financial Statements

For The Year Ended 31st March 2017

for

The Fairways Chippenham Ltd

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTORS:

M F Freeman

Mrs J M Freeman

L F Freeman

P Wharton

REGISTERED OFFICE:

Ruardean Works

Varnister Road

Drybrook

Gloucestershire

GL17 9BH

REGISTERED NUMBER:

09993878 (England and Wales)

SENIOR STATUTORY AUDITOR:

Graham Michael Wildin

AUDITORS:

Wildin & Co

Accountants

& Statutory Auditors

Kings Buildings

Lydney

Gloucestershire

GL15 5HE

CURRENT ASSETS

Inventories

4

206,500

4,545,433

CREDITORS

Amounts falling due within one year

5

186,809

4,426,682

NET CURRENT ASSETS

19,691

118,751

TOTAL ASSETS LESS CURRENT
LIABILITIES

19,691

118,751

CAPITAL AND RESERVES

Called up share capital

6

1

Retained earnings

7

19,690

118,750

SHAREHOLDERS' FUNDS

19,691

118,751

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 27th September 2017 and were signed on its
behalf by:

M F Freeman - Director

1.	STATUTORY INFORMATION

The Fairways Chippenham Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The

Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party

transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Inventories

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the statement of financial position date.

Deferred tax

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

statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 4 ) .

4.	INVENTORIES

31.3.17

31.3.16

£

Inventories

206,500

4,545,433

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

Amounts owed to group undertakings

63,181

4,396,389

Tax

122,528

29,793

Accrued expenses

1,100

500

186,809

4,426,682

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.17

31.3.16

value:

£

1

Ordinary

1

7.

RESERVES

Retained

earnings

£

At 1st April 2016

118,750

Profit for the year

370,940

Dividends

(470,000

)

At 31st March 2017

19,690

8.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Graham Michael Wildin (Senior Statutory Auditor)

for and on behalf of Wildin & Co

9.	PARENT COMPANY AND ULTIMATE HOLDING COMPANY

The parent company is M F Freeman Limited. The registered office address is Ruardean Works, Varnister Road,

Drybrook, Glos, GLI7 9BH.

The ultimate holding company is M F Freeman Holdings Limited. The registered office address is Ruardean

Works, Varnister Road, Drybrook, Glos, GLI7 9BH.

The Fairways Chippenham Ltd - Accounts to registrar - small 17.2

The Fairways Chippenham Ltd - Accounts to registrar - small 17.2