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Unaudited Financial Statements |
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for the Year Ended 30 September 2017 |
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for |
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HALL FARM SOUTH MORETON LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 30 September 2017 |
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for |
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HALL FARM SOUTH MORETON LIMITED |
HALL FARM SOUTH MORETON LIMITED (REGISTERED NUMBER: 01625240) |
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Contents of the Financial Statements |
for the year ended 30 September 2017 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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HALL FARM SOUTH MORETON LIMITED |
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Company Information |
for the year ended 30 September 2017 |
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Director: |
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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 |
Sterling House |
19/23 High Street |
Kidlington |
Oxfordshire |
OX5 2DH |
HALL FARM SOUTH MORETON LIMITED (REGISTERED NUMBER: 01625240) |
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Balance Sheet |
30 September 2017 |
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30/9/17 | 30/9/16 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Current assets |
Stocks |
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Debtors | 5 |
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Cash at bank |
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Creditors |
Amounts falling due within one year | 6 |
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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 |
7 |
( |
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Provisions for liabilities | ( |
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Net assets |
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Capital and reserves |
Called up share capital | 9 |
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Share premium | 10 |
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Retained earnings | 10 |
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Shareholders' funds |
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HALL FARM SOUTH MORETON LIMITED (REGISTERED NUMBER: 01625240) |
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Balance Sheet - continued |
30 September 2017 |
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The director acknowledges his 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. |
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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 director on
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HALL FARM SOUTH MORETON LIMITED (REGISTERED NUMBER: 01625240) |
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Notes to the Financial Statements |
for the year ended 30 September 2017 |
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1. | Statutory information |
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Hall Farm South Moreton Limited is a
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The company's registered number and registered office address can be found on the Company Information |
page. |
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The financial statements are presented in Sterling, which is the functional currency of the company, rounded |
to the nearest £1. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Freehold property | - |
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Plant and machinery | - |
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Tractors | - |
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Motor vehicles | - |
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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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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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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. |
HALL FARM SOUTH MORETON LIMITED (REGISTERED NUMBER: 01625240) |
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Notes to the Financial Statements - continued |
for the year ended 30 September 2017 |
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2. | Accounting policies - continued |
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Hire purchase and leasing commitments |
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those |
held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance |
leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter. |
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The interest element of these obligations is charged to profit or loss over the relevant period. The capital |
element of the future payments is treated as a liability. |
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Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the |
lease. |
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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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Going concern |
The directors have made an assessment of the company's ability to continue as a going concern and have |
identified no material uncertainties that may cast a significant doubt on the ability of the company to continue |
as a going concern for the foreseeable future. |
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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 1 October 2016 |
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Additions |
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Disposals |
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At 30 September 2017 |
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Depreciation |
At 1 October 2016 |
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Charge for year |
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Eliminated on disposal |
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At 30 September 2017 |
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Net book value |
At 30 September 2017 |
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At 30 September 2016 |
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Included in cost of land and buildings is freehold land of £ 1,409,306 (2016 - £ 1,409,306 ) which is not |
depreciated. |
HALL FARM SOUTH MORETON LIMITED (REGISTERED NUMBER: 01625240) |
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Notes to the Financial Statements - continued |
for the year ended 30 September 2017 |
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4. | Tangible fixed assets - continued |
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Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
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Plant and |
machinery |
etc |
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Cost |
At 1 October 2016 |
and 30 September 2017 |
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Depreciation |
At 1 October 2016 |
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Charge for year |
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At 30 September 2017 |
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Net book value |
At 30 September 2017 |
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At 30 September 2016 |
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5. | Debtors: amounts falling due within one year |
30/9/17 | 30/9/16 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | Creditors: amounts falling due within one year |
30/9/17 | 30/9/16 |
£ | £ |
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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7. | Creditors: amounts falling due after more than one year |
30/9/17 | 30/9/16 |
£ | £ |
Bank loans |
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HALL FARM SOUTH MORETON LIMITED (REGISTERED NUMBER: 01625240) |
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Notes to the Financial Statements - continued |
for the year ended 30 September 2017 |
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7. | Creditors: amounts falling due after more than one year - continued |
30/9/17 | 30/9/16 |
£ | £ |
Amounts falling due in more than five years: |
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Repayable by instalments |
Loans due in more than five |
years by instalments | 200,979 | 231,985 |
200,979 | 231,985 |
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8. | Secured debts |
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The following secured debts are included within creditors: |
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30/9/17 | 30/9/16 |
£ | £ |
Bank loans |
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Hire purchase contracts | - | 19,395 |
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9. | Called up share capital |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30/9/17 | 30/9/16 |
value: | £ | £ |
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Ordinary shares | £1 | 21,001 | 21,001 |
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10. | Reserves |
Retained | Share |
earnings | premium | Totals |
£ | £ | £ |
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At 1 October 2016 |
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1,488,639 |
Deficit for the year | ( |
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At 30 September 2017 |
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1,459,273 |
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11. | Other financial commitments |
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At 30 September 2017, the company was committed to payments of £20,000 (2016 - £20,000) under |
non-cancellable operating leases expiring in more than five years. |
HALL FARM SOUTH MORETON LIMITED (REGISTERED NUMBER: 01625240) |
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Notes to the Financial Statements - continued |
for the year ended 30 September 2017 |
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12. | Directors' advances, credits and guarantees |
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The following advances and credits to a director subsisted during the years ended 30 September 2017 and |
30 September 2016: |
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30/9/17 | 30/9/16 |
£ | £ |
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Balance outstanding at start of year |
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Amounts repaid |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year |
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