Abbreviated Company Accounts - CHARTLANDS FARM LIMITED

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Tangible assets depreciation policy
No depreciation has been provided in respect of Freehold Land & Buildings. The freehold premises are kept in a high state of repair. In the opinion of Directors the useful life of the premises is considerably extend and accordingly any charges for depreciation would not be material. This represents a departure from Financial Reporting Standard for Smaller Entities (effective April 2008) which requires depreciation to be provided on all fixed assets having a finite life. In the opinion of the Directors no useful purpose would be served by providing such depreciation.

Other accounting policies
Transactions with Directors:
There is a charge over the company's Freehold Land & Buildings to secure any amount due by Mrs S Hardy to HSBC Bank Bank PLC. There were no profit and Loss Account transactions since the last Balance Sheet. All other accounting information required by the statute or accounting standards is either "none" or not applicable to the company.

Controlling Party:
The company is controlled by Mrs Sheila Hardy.