Registered Number
:
NI
610358
|
For the year ended 31 December 2016
Northern Ireland
Unaudited Financial Statements
For the year ended 31 December 2016
Hallview Farm Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
Hallview Farm Limited
Statement of Financial Position
2015
2016
Property
,
plant and equipment
|
134,619
141,392
2
134,619
141,392
68,300
71,200
Trade and other receivables
|
1,513
2,912
3
74,144
Cash and cash equivalents
|
63,171
137,283
143,957
Trade and other payables
:
amounts falling due within one
|
year
|
(184,327)
(176,461)
4
(40,370)
(39,178)
Net current liabilities
Total assets less current liabilities
|
95,441
101,022
95,441
Net assets
101,022
1
1
95,440
101,021
95,441
101,022
Shareholders' funds
For the year ended 31 December 2016 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
|
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006
|
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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
.
|
In accordance with Section
444
of the Companies Act
2006
,
the Income Statement has not been delivered
.
|
The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
|
These financial statements were approved and authorised for issue by the Board on 31 March 2017 and were signed by:
|
The notes form part of these financial statements
|
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For the year ended 31 December 2016
Hallview Farm Limited
Notes to the Financial Statements
Statutory Information
Hallview Farm Limited is a private limited company
,
limited by shares
,
domiciled in Northern Ireland
,
registration
|
number NI
610358
.
|
39 Church Street
Ballynahinch
Co Down
Northern Ireland
BT24 8AF
The presentation currency is £ sterling
.
|
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section
1
A of Financial
|
Reporting Standard
102
'
The Financial Reporting Standard applicable in the UK and Republic of Ireland
'
and
|
the Companies Act
2006
.
The financial statements have been prepared under the historical costs convention
|
as modified by the revaluation of certain assets
.
|
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
|
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: Plant & Machinery - 20% reducing balance
|
No depreciation is provided on the company
''
s freehold properties since in the opinion of the directors the
|
expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such
|
depreciation would be immaterial
.
The directors undertake an annual impairment review of these properties
.
|
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
|
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a method giving a constant rate of return on the balance outstanding.
|
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For the year ended 31 December 2016
Hallview Farm Limited
Notes to the Financial Statements Continued
2
.
Property
,
plant and equipment
|
184,156
105,655
78,501
7,257
7,257
-
78,501
112,912
191,413
Provision for depreciation and impairment
|
42,764
42,764
-
Charge for year
14,030
14,030
-
56,794
56,794
-
78,501
56,118
134,619
78,501
62,891
141,392
3
.
Trade and other receivables
|
2015
2016
1,018
-
1,894
1,513
1,513
2,912
4
.
Trade and other payables
:
amounts falling due within one year
|
2015
2016
69,235
81,179
Taxation and social security
|
6,548
5,415
100,678
97,733
176,461
184,327
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