Proctor Bros (Wingland) Limited - Dormant company accounts 17.3

REGISTERED NUMBER: 01620917 (England and Wales)

PROCTOR BROS (WINGLAND) LIMITED

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2017

Page

Company Information

1

Report of the Directors

2

Balance Sheet and Income Statement

3

Notes to the Financial Statements

4

Chartered Accountants' Report

5

DIRECTORS:

Mr S J A Proctor

J H Proctor OBE

SECRETARY:

J H Proctor OBE

REGISTERED OFFICE:

C/o Duncan & Toplis

Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

REGISTERED NUMBER:

01620917 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

The directors present their report with the financial statements of the company for the year ended 31 March 2017.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2016 to the date of this report.

Mr S J A Proctor

J H Proctor OBE

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

J H Proctor OBE - Secretary

22 December 2017

FIXED ASSETS

Tangible assets

3

103,364

CURRENT ASSETS

Debtors

4

1,138,887

NET CURRENT ASSETS

1,138,887

TOTAL ASSETS LESS CURRENT LIABILITIES

1,242,251

CAPITAL AND RESERVES

Called up share capital

500

Share premium

170,670

Capital redemption reserve

500

Retained earnings

1,070,581

SHAREHOLDERS' FUNDS

1,242,251

The company is entitled to exemption from audit under Section 480 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

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.

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

The financial statements were approved by the Board of Directors on 22 December 2017 and were signed on its behalf by:

Mr S J A Proctor - Director

INCOME STATEMENT

FOR THE YEAR ENDED 31 MARCH 2017

During the financial year and the preceding financial year the company has not traded and has received no income and incurred no expenditure. Consequently, during those periods the company has made neither a profit nor a loss.

1.	STATUTORY INFORMATION

Proctor Bros (Wingland) Limited 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.

Following the completion of the sales of the crops from the 2011 harvest this company will become dormant with all trade

and assets becoming part of the parent company Proctor Bros (Long Sutton) Limited. No adjustments are needed to the

carrying value of assets in respect of this transaction.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

10% on cost

3.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 April 2016

and 31 March 2017

103,364

NET BOOK VALUE

At 31 March 2017

103,364

At 31 March 2016

103,364

Included in cost of land and buildings is freehold land of £ 103,364 (2016 - £ 103,364 ) which is not depreciated.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

Amounts owed by group undertakings

1,138,887

5.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S J A Proctor.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of Proctor Bros (Wingland) Limited for the year ended 31 March 2017 which comprise the Income Statement, Balance

Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Proctor Bros (Wingland) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Proctor Bros (Wingland) Limited and state those matters that we have agreed to state to the Board of Directors of Proctor Bros (Wingland) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Proctor Bros (Wingland) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Proctor Bros (Wingland) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Proctor Bros (Wingland) Limited. You consider that Proctor Bros (Wingland) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Proctor Bros (Wingland) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Duncan & Toplis Limited

Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

22 December 2017