Accounts filed on 30-06-2017


ACCOUNTS
FOR THE YEAR ENDED 30/06/2017





DIRECTORS
Christopher Brown
Katharine Brown



SECRETARY
Katharine Brown


REGISTERED OFFICE
Hill Grove
Crawley Dry Lane,Minster Lovell
Witney
Oxon
OX29 0NA


COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 00946578



ACCOUNTANTS
Gould & Mansford
Chartered Accountants
PO Box 151
Market Place
Wantage
Oxon
OX12 9ZN


ACCOUNTS
FOR THEYEARENDED30/06/2017



CONTENTS



		Page

Directors' Report		-

Accountants' Report		-

Statement Of Comprehensive Income		-

Balance Sheet		3

Notes To The Accounts		4


The following do not form part of the statutory financial statements:

Trading And Profit And Loss Account		-

Profit And Loss Account Summaries		-


BALANCE SHEET AT 30/06/2017

			2017		2016
	Notes		£		£

FIXED ASSETS
Tangible assets	2		1,492,387		1,534,732
Investment Assets	3		2,169		2,149

			1,494,556		1,536,881

CURRENT ASSETS
Stock		426		356
Debtors	5	10,404		26,467
Cash at bank and in hand		48,879		81,205
		59,709		108,028
CREDITORS: Amounts falling due within one year	6	367,432		250,821
NET CURRENT LIABILITIES			(307,723)		(142,793)
TOTAL ASSETS LESS CURRENT LIABILITIES			1,186,833		1,394,088


CREDITORS: Amounts falling due after more than one year	7		738,928		752,575


PROVISIONS FOR LIABILITIES AND CHARGES	10		864		2,642

NET ASSETS			447,041		638,871

CAPITAL AND RESERVES

Called up share capital	11		385,000		385,000
Profit and loss account			62,041		253,871
SHAREHOLDERS' FUNDS			447,041		638,871

For the year ending 30/06/2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.

Approved by the board on 06/03/2018 and signed on their behalf by



.............................
Christopher Brown
Director

1. ACCOUNTING POLICIES




1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .




1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Land And Buildings		straight line 1%
Plant and Machinery		reducing balance 20%
Fixtures and Fittings		straight line 10%




1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.




1d. Investments
Fixed asset investments are shown at cost less amounts written off.
Provisions are made for permanent fluctuations in value.




5. DEBTORS	2017	2016
	£	£
Amounts falling due within one year
UK corporation tax	-	727
VAT	4,961	6,494
Other debtors	5,443	19,246
	10,404	26,467




6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2017	2016
	£	£
PAYE control	1,843	1,591
Directors current account	123,472	123,662
Bank Loan	5,362	5,490
Loans	3,712	3,712
Loans	3,712	3,712
Other creditors	229,331	112,654
	367,432	250,821




7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
	2017	2016
	£	£
Bank loans (secured) >1yr	232,570	238,421
Loans (secured) >1yr	230,280	230,280
Unsecured Loan >1yr	18,039	21,937
Unsecured Loan >1yr	18,039	21,937
Unsecured Loan >1yr	240,000	240,000
	738,928	752,575

Secured creditors include mortgages totalling £480,280 which have been taken out with Agricultural Mortgage Corporation on an interest only basis and with Lloyds Bank plc repayable over 25 years. The remaining loans are unsecured.




8. SECURED CREDITORS
	2017	2016
	£	£
Amount of bank loans and overdrafts which are secured	(232,570)	(238,421)
Amount of other creditors which are secured	(230,280)	(230,280)

Secured Creditors include the Agricultural Mortgage Corporation and Lloyds Bank plc. The former is interest only and the latter is repayable over 25 years.




11. SHARE CAPITAL	2017	2016
	£	£
Allotted, issued and fully paid:
380000 Ordinary A shares of £1 each	380000	380000
5000 Ordinary B shares of £1 each	5000	5000
	385,000	385,000




12. CONTROLLING PARTY
Control of the Company rests with the Directors