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REGISTERED NUMBER:
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 6 APRIL 2018 TO 31 MARCH 2019 |
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WORSALL MANOR FARMS LIMITED |
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REGISTERED NUMBER:
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ABRIDGED UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 6 APRIL 2018 TO 31 MARCH 2019 |
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FOR |
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WORSALL MANOR FARMS LIMITED |
WORSALL MANOR FARMS LIMITED (REGISTERED NUMBER: 00844471) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 6 APRIL 2018 TO 31 MARCH 2019 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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WORSALL MANOR FARMS LIMITED |
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COMPANY INFORMATION |
FOR THE PERIOD 6 APRIL 2018 TO 31 MARCH 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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BANKERS: |
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Yarm Branch |
60 High Street |
Yarm |
TS15 9FG |
WORSALL MANOR FARMS LIMITED (REGISTERED NUMBER: 00844471) |
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ABRIDGED BALANCE SHEET |
31 MARCH 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Investments |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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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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( |
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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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Capital redemption reserve |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
WORSALL MANOR FARMS LIMITED (REGISTERED NUMBER: 00844471) |
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ABRIDGED BALANCE SHEET - continued |
31 MARCH 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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WORSALL MANOR FARMS LIMITED (REGISTERED NUMBER: 00844471) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 6 APRIL 2018 TO 31 MARCH 2019 |
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1. | STATUTORY INFORMATION |
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Worsall 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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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is the total amount receivable by the company in respect of sales, excluding VAT. Revenue is |
recognised when the amount of revenue can be measured reliably, it is probable that the economic benefits |
associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the |
transaction can be measured reliably. |
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Revenue from the sale of livestock and produce is recognised when the goods have been collected or delivered. |
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Tangible fixed assets |
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Leasehold Buildings | - |
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Implements and machinery | - |
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Tractors and trailers | - |
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Motor vehicles | - |
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Computer equipment | - |
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Stocks |
Livestock is valued at the lower of cost plus feeding costs incurred or market value less 25% in the case of home |
reared stock. Produce is valued at market value less 25%. The value of growing crops reflects the cost incurred |
up to the balance sheet date. |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and |
Retained Earnings, 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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WORSALL MANOR FARMS LIMITED (REGISTERED NUMBER: 00844471) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 6 APRIL 2018 TO 31 MARCH 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 period 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. The amount charged to the profit and loss account |
in respect of pension costs is the contributions payable in the year. |
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Grants |
Grants in respect of capital expenditure are credited to a deferred income account and are released to the profit |
and loss account over the life of the related asset, commencing in the year in which the grant is received. |
Income arising under the Basic Payment Scheme is recognised on receipt. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Totals |
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COST |
At 6 April 2018 |
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Additions |
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Disposals | ( |
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At 31 March 2019 |
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DEPRECIATION |
At 6 April 2018 |
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Charge for period |
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Eliminated on disposal | ( |
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At 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 5 April 2018 |
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WORSALL MANOR FARMS LIMITED (REGISTERED NUMBER: 00844471) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 6 APRIL 2018 TO 31 MARCH 2019 |
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5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the period ended 31 March 2019 and the year |
ended 5 April 2018: |
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2019 | 2018 |
£ | £ |
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Balance outstanding at start of period |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
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No interest is payable on the above loans and there are no set repayment terms. |