Abbreviated Company Accounts - PILLIVEN FARMING LIMITED

PILLIVEN FARMING LIMITED - Company Information

06875658 PILLIVEN FARMING LIMITED 2014-03-31 false 2013-04-01 2014-03-31 true 06875658 2013-04-01 2014-03-31 06875658 2014-03-31 06875658 2013-03-31 06875658 uk-gaap-cd-bus:Director1 2013-04-01 2014-03-31 06875658 uk-gaap-cd-bus:Director2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass2 2013-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2013-04-01 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2014-03-31 uk-gaap-cd-bus:OrdinaryShareClass3 2013-03-31 iso4217:GBP shares

Registered Number 06875658

PILLIVEN FARMING LIMITED

Abbreviated Accounts

31 March 2014

PILLIVEN FARMING LIMITED Registered Number 06875658

Abbreviated Balance Sheet as at 31 March 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,076	287,504
Investments	3	-	4,193
		2,076	291,697
Current assets
Stocks		-	140,432
Debtors		161,706	29,752
		161,706	170,184
Creditors: amounts falling due within one year		(50,504)	(332,132)
Net current assets (liabilities)		111,202	(161,948)
Total assets less current liabilities		113,278	129,749
Creditors: amounts falling due after more than one year		-	(73,656)
Provisions for liabilities		-	(22,434)
Total net assets (liabilities)		113,278	33,659
Capital and reserves
Called up share capital	4	500	500
Profit and loss account		112,778	33,159
Shareholders' funds		113,278	33,659

For the year ending 31 March 2014 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 in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 22 December 2014

And signed on their behalf by:
W D Yabsley, Director

PILLIVEN FARMING LIMITED Registered Number 06875658

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of sales made during the year and derives from the provision of goods and services falling within the company's ordinary activities. In respect of contracts for ongoing services, turnover represents the value of work done in the year, including estimates of amounts not invoiced.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Freehold land: No depreciation is provided on freehold land
Buildings and yards: 10% straight line
Plant and machinery: 15% reducing balance

Other accounting policies
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to receive less or to receive more, tax.

2Tangible fixed assets

	£
Cost
At 1 April 2013	357,213
Additions	1,811
Disposals	(356,948)
Revaluations	-
Transfers	-
At 31 March 2014	2,076
Depreciation
At 1 April 2013	69,709
Charge for the year	-
On disposals	(69,709)
At 31 March 2014	0
Net book values
At 31 March 2014	2,076
At 31 March 2013	287,504

3Fixed assets Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
495 Ordinary shares of £1 each	495	495
1 Ordinary share of £1 each	1	1
5 B to F Ordinary shares of £1 each	5	5