Corb Farms Limited - Limited company - abbreviated

REGISTERED NUMBER: 04452368 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

CORB FARMS LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A L Corb

SECRETARY:

Mrs J B M Smith

REGISTERED OFFICE:

178-180 Hotwell Road

Bristol

BS8 4RP

REGISTERED NUMBER:

04452368 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Investment property

2

34,850

CURRENT ASSETS

Debtors

-

1,890

Cash at bank

29,552

31,023

29,552

32,913

CREDITORS

Amounts falling due within one year

1,833

4,365

NET CURRENT ASSETS

27,719

28,548

TOTAL ASSETS LESS CURRENT
LIABILITIES

62,569

63,398

CAPITAL AND RESERVES

Called up share capital

3

100

Profit and loss account

62,469

63,298

SHAREHOLDERS' FUNDS

62,569

63,398

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 4 December 2014 and were signed by:

A L Corb - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in

accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Investment property

In accordance with the Financial Reporting Standard for Smaller Entities (effective 2008), the

investment property has been recorded at cost.

Deferred tax

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

reversed at the balance sheet date.

Depreciation

In accordance with the Financial Reporting Standard for Smaller Entities (effective 2008), no

depreciation is provided in respect of investment properties. This represents a departure

from Companies Act 2006 requirements to provide for the systematic annual depreciation of

fixed assets. The directors believe that the policy of not providing for depreciation is

necessary in order for the financial statements to give a true and fair view, since the current

value of investment properties, and changes in the current value, are of prime importance

rather than a calculation of annual depreciation because the properties are held for

investment.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2013

and 31 March 2014

34,850

NET BOOK VALUE

At 31 March 2014

34,850

At 31 March 2013

34,850

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.3.13

value:

£

100

Ordinary

£1

100

Corb Farms Limited - Limited company - abbreviated - 11.6

Corb Farms Limited - Limited company - abbreviated - 11.6