Brockton House Farm Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 07773873 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

Brockton House Farm Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J A Pickstock

Mrs J L Pickstock

REGISTERED OFFICE:

Brockton House

Brockton

Shifnal

TF11 9NA

REGISTERED NUMBER:

07773873 (England and Wales)

ACCOUNTANTS:

T.A. Gittins & Company

Chartered Accountants,

61 King Street

Wrexham

LL11 1HR

FIXED ASSETS

Intangible assets

4

70,000

70,000

Tangible assets

5

11,640,043

7,583,400

Investments

6

7,627,381

7,627,381

Investment property

7

384,598

-

19,722,022

15,280,781

CURRENT ASSETS

Stocks

404,567

469,678

Debtors

10,624,803

10,981,103

Cash at bank

356,821

415,809

11,386,191

11,866,590

CREDITORS

Amounts falling due within one year

26,355,584

22,890,255

NET CURRENT LIABILITIES

(14,969,393

)

(11,023,665

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,752,629

4,257,116

PROVISIONS FOR LIABILITIES

100,651

85,694

NET ASSETS

4,651,978

4,171,422

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

4,651,878

4,171,322

SHAREHOLDERS' FUNDS

4,651,978

4,171,422

The company is entitled to exemption from audit under Section 477 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 and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 21 December 2017 and were signed on its behalf by:

J A Pickstock - Director

Mrs J L Pickstock - Director

1.	STATUTORY INFORMATION

Brockton House Farm 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.

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.

Freehold property

-

in accordance with the property

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

The investment properties acquired during the year have, as agreed by the directors, been shown at their original

cost as there would have been no material variation in the valuations at the year end.

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 year 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 year 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

and 31 March 2017

70,000

NET BOOK VALUE

At 31 March 2017

70,000

At 31 March 2016

70,000

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2016

7,839,884

Additions

4,481,525

Disposals

(338,649

)

At 31 March 2017

11,982,760

DEPRECIATION

At 1 April 2016

256,484

Charge for year

188,163

Eliminated on disposal

(101,930

)

At 31 March 2017

342,717

NET BOOK VALUE

At 31 March 2017

11,640,043

At 31 March 2016

7,583,400

6.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2016

and 31 March 2017

7,627,381

NET BOOK VALUE

At 31 March 2017

7,627,381

At 31 March 2016

7,627,381

7.	INVESTMENT PROPERTY

The investment properties acquired during the year have, as agreed by the directors, been shown at their original

cost as there would have been no material variation in the valuations at the year end.

8.	RELATED PARTY DISCLOSURES

At the Balance Sheet date the company was owed £8,775,801 by J Ross Developments Limited and £139,209 by

J R Pickstock Limited. The directors have associations with both companies.

Interest is being charged on the outstanding balance owed by J Ross Developments Limited.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr Andrew Pickstock and Mrs Janice Pickstock equally.