Four Oaks Horticulture Limited - Accounts to registrar (filleted) - small 18.1

Four Oaks Horticulture Limited - Accounts to registrar (filleted) - small 18.1

FOUR OAKS HORTICULTURE LIMITED - Company Information

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Unaudited Financial Statements

for the Year Ended 30th September 2017

for

Four Oaks Horticulture Limited









Four Oaks Horticulture Limited (Registered number: 04539595)






Contents of the Financial Statements
for the year ended 30th September 2017




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Four Oaks Horticulture Limited

Company Information
for the year ended 30th September 2017







DIRECTOR: Mrs B P Coutts





SECRETARY: M J A Gow





REGISTERED OFFICE: Farm Lane
Lower Withington
Macclesfield
Cheshire
SK11 9DU





REGISTERED NUMBER: 04539595 (England and Wales)





Page 1
Four Oaks Horticulture Limited (Registered number: 04539595)

Abridged Balance Sheet
30th September 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,001,510 2,007,382

CURRENT ASSETS
Debtors 12,196 4,438
Cash at bank 1,130,406 896,656
1,142,602 901,094
CREDITORS
Amounts falling due within one year 893,271 836,891
NET CURRENT ASSETS 249,331 64,203
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,250,841
2,071,585

CREDITORS
Amounts falling due after more than one
year
(1,375,000
)
(1,375,000
)

PROVISIONS FOR LIABILITIES (50,647 ) (50,008 )
NET ASSETS 825,194 646,577

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 5 473,622 473,622
Retained earnings 350,572 171,955
SHAREHOLDERS' FUNDS 825,194 646,577

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 notes form part of these financial statements

Page 2 continued...
Four Oaks Horticulture Limited (Registered number: 04539595)

Abridged Balance Sheet - continued
30th September 2017


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 30th September 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 director on 27th June 2018 and were signed by:





Mrs B P Coutts - Director


The notes form part of these financial statements

Page 3
Four Oaks Horticulture Limited (Registered number: 04539595)

Notes to the Financial Statements
for the year ended 30th September 2017

1. STATUTORY INFORMATION

Four Oaks Horticulture 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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.
Land and buildings - 2% on cost
Glass houses - 5% on cost
Motor vehicles - 25% on cost
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 1 (2016 - 2 ) .

Page 4 continued...
Four Oaks Horticulture Limited (Registered number: 04539595)

Notes to the Financial Statements - continued
for the year ended 30th September 2017

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1st October 2016 2,650,948
Additions 86,154
At 30th September 2017 2,737,102
DEPRECIATION
At 1st October 2016 643,566
Charge for year 92,026
At 30th September 2017 735,592
NET BOOK VALUE
At 30th September 2017 2,001,510
At 30th September 2016 2,007,382

Included in cost or valuation of land and buildings is freehold land of £ 470,200 (2016 - £ 470,200 ) which is not
depreciated.

Cost or valuation at 30th September 2017 is represented by:

Totals
£   
Valuation in 2016 473,622
Cost 2,263,480
2,737,102

If land, buildings & glasshouses had not been revalued they would have been included at the following historical
cost:

2017 2016
£    £   
Cost 2,107,705 2,050,957
Aggregate depreciation 661,563 601,112

Value of land in freehold land and buildings 470,200 470,200

Land, buildings & glasshouses were valued on an open market basis on 30th September 2017 by the director .

5. RESERVES
Revaluation
reserve
£   
At 1st October 2016
and 30th September 2017 473,622

Page 5 continued...
Four Oaks Horticulture Limited (Registered number: 04539595)

Notes to the Financial Statements - continued
for the year ended 30th September 2017

6. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed Four Oaks Nurseries Ltd £140,781 (2016: £66,225). Four Oaks
Nurseries Ltd is controlled by Mr R J Harding, a majority shareholder of Four Oaks Horticulture Ltd. The loan
is interest free and repayable on demand.

At the balance sheet date, the company owed Mr R J Harding £640,383 (2016: £519,020). The loan is interest
free and repayable on demand.

7. ULTIMATE CONTROLLING PARTY

Throughout the period the company's ultimate controlling party was it's majority shareholder, Mr R J Harding.

Page 6