Emerald Crops Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 06689642 (England and Wales)

EMERALD CROPS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2013

Page

Company Information

1

Abbreviated Balance Sheet

2

to

3

Notes to the Abbreviated Accounts

4

to

5

Chartered Accountants' Report

6

DIRECTORS:

C R Topper

R D Brown-McKeen

P R Branfield

Mrs A J Branfield

REGISTERED OFFICE:

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

REGISTERED NUMBER:

06689642 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis

Chartered Accountants

and Business Advisers

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

BANKERS:

National Westminster Bank plc

1 Market Place

Newark

Nottinghamshire

NG24 1DY

FIXED ASSETS

Tangible assets

2

440

42,143

Investments

3

3,000

3,000

3,440

45,143

CURRENT ASSETS

Valuation

65,975

56,465

Debtors

1,268,116

1,160,258

Cash at bank

258,071

683,913

1,592,162

1,900,636

CREDITORS

Amounts falling due within one year

1,282,721

1,768,101

NET CURRENT ASSETS

309,441

132,535

TOTAL ASSETS LESS CURRENT LIABILITIES

312,881

177,678

PROVISIONS FOR LIABILITIES

200,088

200,000

NET ASSETS/(LIABILITIES)

112,793

(22,322

)

CAPITAL AND RESERVES

Called up share capital

4

100

100

Profit and loss account

112,693

(22,422

)

SHAREHOLDERS' FUNDS

112,793

(22,322

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 5 September 2014 and were signed on its behalf by:

C R Topper - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of produce and commissions, excluding value added tax. Revenue from

the sale of produce is recognised on despatch and related commissions are recognised in the same period.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Plant and machinery - 25% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 January 2013

123,706

Additions

301

Disposals

(122,235

)

At 31 December 2013

1,772

DEPRECIATION

At 1 January 2013

81,563

Charge for year

443

Eliminated on disposal

(80,674

)

At 31 December 2013

1,332

NET BOOK VALUE

At 31 December 2013

440

At 31 December 2012

42,143

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2013

and 31 December 2013

3,000

NET BOOK VALUE

At 31 December 2013

3,000

At 31 December 2012

3,000

The company's investments at the balance sheet date in the share capital of companies include the following:

Associated company

Holkham Emerald Limited

Nature of business: Farming

%

Class of shares:

holding

Ordinary B shares

100.00

31/3/13

31/3/12

£

£

Aggregate capital and reserves

593,516

(4,407

)

Profit/(loss) for the year

597,923

(75,357

)

The company does not hold any of the £1 A Ordinary shares issued by Holkham Emerald Limited.

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

100

Ordinary

£1

100

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five) have

been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Emerald Crops Limited for the year ended 31 December 2013 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information

and explanations you have given us.

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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Emerald Crops 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

Emerald Crops Limited and state those matters that we have agreed to state to the Board of Directors of Emerald

Crops Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the

fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its

Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Emerald Crops 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 profit of Emerald

Crops Limited. You consider that Emerald Crops Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Emerald Crops 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.

Duncan & Toplis

Chartered Accountants

and Business Advisers

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

8 September 2014