Whitham Field Farms Limited - Accounts to registrar (filleted) - small 17.3
Whitham Field Farms Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 22 MARCH 2017 |
| FOR |
| WHITHAM FIELD FARMS LIMITED |
| WHITHAM FIELD FARMS LIMITED (REGISTERED NUMBER: 01014669) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 22 MARCH 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| WHITHAM FIELD FARMS LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 22 MARCH 2017 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Park House |
| 200 Drake Street |
| Rochdale |
| Lancashire |
| OL16 1PJ |
| WHITHAM FIELD FARMS LIMITED (REGISTERED NUMBER: 01014669) |
| BALANCE SHEET |
| 22 MARCH 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| WHITHAM FIELD FARMS LIMITED (REGISTERED NUMBER: 01014669) |
| BALANCE SHEET - continued |
| 22 MARCH 2017 |
| 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 by: |
| WHITHAM FIELD FARMS LIMITED (REGISTERED NUMBER: 01014669) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 22 MARCH 2017 |
| 1. | STATUTORY INFORMATION |
| Whitham Field Farms Limited is a |
| 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 |
| This is the first year in which the financial statements have been prepared under FRS 102. The transition from |
| preparing the financial statements in accordance with FRSSE (2015) to FRS 102 (1a) has had no material impact |
| on either the financial position or the financial performance as previously reported by the company. |
| Tangible fixed assets |
| Depreciation is proved at the following annual rate in order to write off the asset over its estimated useful life. |
| Computer equipment - 25% on cost |
| No depreciation has been charged on the properties as the directors consider the market value to be in excess of |
| cost. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| fair value is recognised in the fair value reserve. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold | Short | Computer |
| property | leasehold | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 23 March 2016 |
| Reclassification/transfer | ( |
) | ( |
) | ( |
) |
| At 22 March 2017 |
| DEPRECIATION |
| At 23 March 2016 |
| and 22 March 2017 |
| NET BOOK VALUE |
| At 22 March 2017 |
| At 22 March 2016 |
| WHITHAM FIELD FARMS LIMITED (REGISTERED NUMBER: 01014669) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 22 MARCH 2017 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| Fair value adjustment | 3,399 |
| Reclassification/transfer | 86,601 |
| At 22 March 2017 |
| NET BOOK VALUE |
| At 22 March 2017 |
| Fair value at 22 March 2017 is represented by: |
| £ |
| Valuation in 2017 | 90,000 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 2017 | 2016 |
| £ | £ |
| Cost | 86,601 | 86,601 |
| Investment property was valued on an open market basis on 22 March 2017 by the Directors . |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Directors' current accounts | 232,880 | 232,880 |
| Taxation recoverable |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Tax |
| Directors' current accounts | 6,498 | 6,498 |
| Accrued expenses |
| 8. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| Fair value adjustment in year | 3,399 |
| Deferred tax on fair value adjustment | (578 | ) |
| At 22 March 2017 |