Land Farming Enterprises Ltd - Accounts to registrar (filleted) - small 17.3
Land Farming Enterprises Ltd - Accounts to registrar (filleted) - small 17.3
REGISTERED NUMBER: |
Financial Statements for the Year Ended 28 May 2017 |
for |
Land Farming Enterprises Ltd |
Land Farming Enterprises Ltd (Registered number: SC322724) |
Contents of the Financial Statements |
for the Year Ended 28 May 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Report of the Accountant | 5 |
Land Farming Enterprises Ltd |
Company Information |
for the Year Ended 28 May 2017 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANT: |
PO Box 7003 |
Forfar |
Angus |
DD8 0BA |
Land Farming Enterprises Ltd (Registered number: SC322724) |
Balance Sheet |
28 May 2017 |
2017 | 2016 |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 4 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
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 by: |
Land Farming Enterprises Ltd (Registered number: SC322724) |
Notes to the Financial Statements |
for the Year Ended 28 May 2017 |
1. | STATUTORY INFORMATION |
Land Farming Enterprises Ltd is a |
registered number and registered office address can be found on the Company Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
These financial statements for the year ended 28 May 2017 are the first that are prepared in accordance with FRS |
102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of |
transition to FRS 102 Section 1A is 29 May 2015. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL. |
4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Taxation and social security | ( |
) |
Other creditors |
Land Farming Enterprises Ltd (Registered number: SC322724) |
Notes to the Financial Statements - continued |
for the Year Ended 28 May 2017 |
5. | RELATED PARTY DISCLOSURES |
Included within Other Creditors is a balance of £151,151 (2016 - £156,969) in respect of the directors loan |
account. |
David Wakefield is now a non-executive director of the company. |
Further to the cessation of trade, the directors do not expect to receive further repayment of the initial loan. |
Following the strike off of the company in September 2016, HMRC issued late refunds. The company had to be |
re-instated to access the bank account and distribute the final balance. |
An application has been made to strike the company off again. |
Land Farming Enterprises Ltd |
Report of the Accountant to the Directors of |
Land Farming Enterprises Ltd |
The following reproduces the text of the report prepared for the directors in respect of the company's annual |
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file |
a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the |
Report of the Directors are not required to be filed with the Registrar of Companies. |
As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 May 2017 set out on pages nil to nil and you consider that the company is exempt from an audit. |
In accordance with your instructions, I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to me. |
PO Box 7003 |
Forfar |
Angus |
DD8 0BA |