Radwood Hall Farm Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 07344458 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2018

FOR

RADWOOD HALL FARM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C R Bourne

J R Bourne

REGISTERED OFFICE:

Radwood Hall Farm

Baldwins Gate

Newcastle under Lyme

Staffordshire

ST5 5ER

REGISTERED NUMBER:

07344458 (England and Wales)

FIXED ASSETS

Tangible assets

4

61,315

71,423

CURRENT ASSETS

Stocks

257,472

293,155

Debtors

5

65,837

47,444

Cash at bank

664,757

516,126

988,066

856,725

CREDITORS

Amounts falling due within one year

6

59,163

88,325

NET CURRENT ASSETS

928,903

768,400

TOTAL ASSETS LESS CURRENT LIABILITIES

990,218

839,823

PROVISIONS FOR LIABILITIES

11,650

13,570

NET ASSETS

978,568

826,253

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

978,567

826,252

SHAREHOLDERS' FUNDS

978,568

826,253

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 27 June 2018 and were signed on its behalf by:

C R Bourne - Director

1.	STATUTORY INFORMATION

Radwood Hall 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.

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.

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

-

10% on cost

Plant and machinery

-

15% on reducing balance

Tractors

-

15% on reducing balance

Stocks

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

obsolete and slow moving items.

Financial instruments

Trade, group and other debtors

Trade, group and other debtors (including accrued income) which are receivable within one year and

which do not constitute a financing transaction are initially measured at the transaction price and

subsequently measured at amortised cost, being the transaction price less any amounts settled and

any impairment losses.

FINANCIAL LIABILITIES

Trade, group and other creditors

Trade, group and other creditors (including accruals) payable within one year that do not constitute a

financing transaction are initially measured at the transaction price and subsequently measured at

amortized cost, being transaction price less any amounts settled.

Derecognition of financial assets and liabilities

A financial asset is only derecognised when the contractual rights to cash flows expire or are settled, or

substantially all the risks and rewards of ownership are transferred to another party, or if some

significant risks and rewards of ownership are retained but control of the asset has transferred to

another party that is able to sell the asset in its entirety to an unrelated third party. A financial liability

(or part thereof) is derecognised when the obligation specified in the contract is discharged, cancelled

or expires.

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 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Tractors

Totals

£

£

£

£

COST

At 1 April 2017

and 31 March 2018

18,469

43,751

45,279

107,499

DEPRECIATION

At 1 April 2017

6,353

17,862

11,861

36,076

Charge for year

1,212

3,883

5,013

10,108

At 31 March 2018

7,565

21,745

16,874

46,184

NET BOOK VALUE

At 31 March 2018

10,904

22,006

28,405

61,315

At 31 March 2017

12,116

25,889

33,418

71,423

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

£

Directors' current accounts

19,556

-

VAT

723

774

Prepayments

-

2,500

Trade debtors

45,558

44,170

65,837

47,444

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/18

31/3/17

£

£

Trade creditors

20,218

26,281

Taxation

38,945

34,102

Directors' current accounts

-

27,942

59,163

88,325

7.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C R Bourne.

The company is controlled by Mr C R Bourne who owns 100% of the called up share capital.