Hambleton Farms Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 05758307 (England and Wales)

Unaudited Financial Statements

for the Period 4 April 2016 to 2 April 2017

for

Hambleton Farms Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A J Nelson

W Nelson

I Sawyer

SECRETARY:

I Sawyer

REGISTERED OFFICE:

29 Pillings Road

Oakham

Leicestershire

LE15 6QF

REGISTERED NUMBER:

05758307 (England and Wales)

ACCOUNTANTS:

NSE Tax Limited

3 Blackwell Road

Barnt Green

Worcestershire

B45 8BT

FIXED ASSETS

Tangible assets

4

371,240

396,876

CURRENT ASSETS

Stocks

113,578

82,967

Debtors

5

98,812

103,126

Cash at bank and in hand

98,591

140,818

310,981

326,911

CREDITORS

Amounts falling due within one year

6

328,337

393,382

NET CURRENT LIABILITIES

(17,356

)

(66,471

)

TOTAL ASSETS LESS CURRENT LIABILITIES

353,884

330,405

CAPITAL AND RESERVES

Called up share capital

1,541,722

1,541,722

Retained earnings

(1,187,838

)

(1,211,317

)

SHAREHOLDERS' FUNDS

353,884

330,405

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 2 April 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 2 April 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 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 20 December 2017 and were signed on its behalf by:

W Nelson - Director

1.	STATUTORY INFORMATION

Hambleton Farms 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.

The directors consider the use of going concern basis of accounting is appropriate because

the directors are confident the company will trade profitably in future periods and the

company has their ongoing support.

Turnover

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

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance, 10% on reducing balance and 2% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance

for obsolete and slow moving items.

Taxation

Taxation for the period 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 balance sheet date.

Deferred tax

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

reversed at the balance sheet 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to

the company's pension scheme are charged to profit or loss in the period to which they

relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 27 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 4 April 2016

655,297

Additions

24,026

Disposals

(22,580

)

At 2 April 2017

656,743

DEPRECIATION

At 4 April 2016

258,421

Charge for period

35,121

Eliminated on disposal

(8,039

)

At 2 April 2017

285,503

NET BOOK VALUE

At 2 April 2017

371,240

At 3 April 2016

396,876

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2.4.17

3.4.16

£

£

Trade debtors

25,445

27,095

Other debtors

33,581

35,297

VAT

10,672

8,953

Prepayments

29,114

31,781

98,812

103,126

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2.4.17

3.4.16

£

£

Trade creditors

161,913

173,881

Tax

25

11

Social security and other taxes

21,559

18,074

Other creditors

21,899

20,217

Directors' current accounts

85,663

134,181

Accrued expenses

37,278

47,018

328,337

393,382

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 3 April 2017 the company owes the director, Mr AJ Nelson £85,663 (2016 -

£134,181).

8.	RELATED PARTY DISCLOSURES

During the year a consultancy fee of £12000 and rent of £17,000 was paid to the director,

Mr A Nelson (2016 - £17,000)

9.	ULTIMATE CONTROLLING PARTY

The company is under the control of the directors.