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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30TH APRIL 2019 |
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HAM MANOR FARMS LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30TH APRIL 2019 |
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FOR |
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HAM MANOR FARMS LIMITED |
HAM MANOR FARMS LIMITED (REGISTERED NUMBER: 00614997) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH APRIL 2019 |
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Company Information | 1 |
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Chartered Accountants' Report | 2 |
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Balance Sheet | 3 |
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Notes to the Financial Statements | 5 |
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HAM MANOR FARMS LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30TH APRIL 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
24 Park Road South |
Havant |
Hampshire |
PO9 1HB |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
HAM MANOR FARMS LIMITED |
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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. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Ham Manor Farms Limited for the year ended 30th April 2019 which comprise the Income |
Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting |
records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of Ham Manor Farms Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Ham Manor Farms Limited and state those matters that we have agreed to state to the Board of Directors of Ham Manor Farms Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ham Manor Farms Limited and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that Ham Manor Farms Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Ham Manor Farms Limited. You consider that Ham Manor Farms Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Ham Manor Farms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chartered Accountants |
24 Park Road South |
Havant |
Hampshire |
PO9 1HB |
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HAM MANOR FARMS LIMITED (REGISTERED NUMBER: 00614997) |
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BALANCE SHEET |
30TH APRIL 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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Investment property | 6 |
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CURRENT ASSETS |
Stocks |
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Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Revaluation reserve |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies
Act 2006 and |
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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. |
HAM MANOR FARMS LIMITED (REGISTERED NUMBER: 00614997) |
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BALANCE SHEET - continued |
30TH APRIL 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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HAM MANOR FARMS LIMITED (REGISTERED NUMBER: 00614997) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30TH APRIL 2019 |
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1. | STATUTORY INFORMATION |
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Ham Manor Farms Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial instruments is the Pound Sterling (£), rounded to the nearest Pound |
(£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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The financial statements relate to Ham Manor Farms Limited as an individual entity. |
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Turnover |
Turnover represents the amount derived from ordinary activities, stated net of value added tax. Farming income |
is recognised upon despatch of goods. Rental income, included within other operating income, is recognised in |
respect of the period to which it relates. |
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Tangible fixed assets |
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Freehold land and buildings | - |
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Fixtures & Fittings | - |
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Plant and machinery | - |
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Office equipment | - |
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Tractors and motor vehicles | - |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
fair value is recognised in profit or loss. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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Included within stock are biological assets which are included at the lower of cost and estimated selling price |
less costs to sell. |
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Financial instruments |
Financial instruments are recognised in line with Sections 11 and 12 of FRS 102 1a. |
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Basic financial instruments, such as bank and cash, related party loans, trade receivables and payables are |
initially recognised at transaction price, unless they constitute a financing arrangement, when the transaction is |
measured at the present value of the future receipts/payments discounted at a market rate of interest. Such |
instruments are subsequently carried at amortised cost using the effective interest rate method. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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HAM MANOR FARMS LIMITED (REGISTERED NUMBER: 00614997) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH APRIL 2019 |
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2. | ACCOUNTING POLICIES - continued |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension |
scheme are charged to profit or loss in the period to which they relate. |
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Transfer to revaluation reserve |
Gains or losses on fair value of investment property have been transferred from retained earnings to a specific |
non-distributable reserve; a revaluation reserve. Similarly all deferred tax relating to these fair value movements |
have been transferred to the same reserve. |
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Going concern |
The cash balance at the year end and the current level of trading and profitability would not appear to be |
adequate to cover another year's trading. The company's principal creditor is the directors. As at the year end |
amounts owed to directors totalled £1,264,012. They have confirmed that they will continue to provide financial |
support to the company and thus considers the going concern basis to continue to be applicable to the |
preparation of the company's accounts. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1st May 2018 |
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Additions |
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Disposals |
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At 30th April 2019 |
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DEPRECIATION |
At 1st May 2018 |
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Charge for year |
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Eliminated on disposal |
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At 30th April 2019 |
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NET BOOK VALUE |
At 30th April 2019 |
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At 30th April 2018 |
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Freehold land and buildings includes certain land and buildings which have previously been valued. On a |
historical cost basis, land and buildings would have been included at £459,987 (2018 - £459,987) |
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The company has adopted the transitional exemptions of FRS 102 allowing for a previous revaluation to be used |
as deemed cost. |
HAM MANOR FARMS LIMITED (REGISTERED NUMBER: 00614997) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH APRIL 2019 |
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5. | FIXED ASSET INVESTMENTS |
Other |
investments |
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COST |
At 1st May 2018 |
and 30th April 2019 |
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NET BOOK VALUE |
At 30th April 2019 |
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At 30th April 2018 |
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6. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1st May 2018 |
and 30th April 2019 |
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NET BOOK VALUE |
At 30th April 2019 |
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At 30th April 2018 |
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If investment property had not been revalued it would have been included at historical cost as at 30 April 2019 of |
£51,191 (2018: £51,191). |
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The investment properties were valued on an open market basis on 30 April 2019 by P Langmead. |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts |
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Hire purchase contracts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2019 | 2018 |
£ | £ |
Hire purchase contracts |
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HAM MANOR FARMS LIMITED (REGISTERED NUMBER: 00614997) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30TH APRIL 2019 |
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10. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2019 | 2018 |
£ | £ |
Bank overdrafts |
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Hire purchase contracts | 9,653 | 19,306 |
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The bank overdraft is secured by a legal charge over certain freehold property. |