Company Registration No. 03127955 (England and Wales)
HEATHCOTE FARMS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
HEATHCOTE FARMS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
HEATHCOTE FARMS LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 SEPTEMBER 2016
30 September 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
8,482,975
8,529,604
Current assets
Stocks
1,185,480
1,162,853
Debtors
284,177
278,219
Cash at bank and in hand
2,138,485
1,903,576
3,608,142
3,344,648
Creditors: amounts falling due within one year
(427,361)
(434,456)
Net current assets
3,180,781
2,910,192
Total assets less current liabilities
11,663,756
11,439,796
Provisions for liabilities
(203,329)
(202,017)
11,460,427
11,237,779
Capital and reserves
Called up share capital
3
4,577,700
4,577,700
Profit and loss account
6,882,727
6,660,079
Shareholders' funds
11,460,427
11,237,779
For the financial year ended 30 September 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 10 May 2017
Mrs M M Jones
Mr J H Jones
Director
Director
Company Registration No. 03127955
HEATHCOTE FARMS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents amounts receivable for goods and services net of VAT and trade discounts.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Land and buildings Freehold
2% straight line
Plant and machinery
15% reducing balance
Motor vehicles
25% reducing balance
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
HEATHCOTE FARMS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2016
- 3 -
2
Fixed assets
Tangible assets
£
Cost
At 1 October 2015
9,432,407
Additions
300,915
Disposals
(222,650)
At 30 September 2016
9,510,672
Depreciation
At 1 October 2015
902,802
On disposals
(95,132)
Charge for the year
220,027
At 30 September 2016
1,027,697
Net book value
At 30 September 2016
8,482,975
At 30 September 2015
8,529,604
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
4,577,700 Ordinary shares of £1 each
4,577,700
4,577,700