Home Farm Hursley Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 06326001 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE PERIOD 1 APRIL 2015 TO 31 JULY 2016

FOR

HOME FARM HURSLEY LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

F R O'Sullivan

Mrs D G O'Sullivan

SECRETARY:

F R O'Sullivan

REGISTERED OFFICE:

The Estate Office

Hursley

Winchester

Hampshire

SO21 2JL

REGISTERED NUMBER:

06326001 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

2

-

94,957

Herd basis

3

-

118,900

-

213,857

CURRENT ASSETS

Stocks

-

123,398

Debtors

56,644

13,261

Cash at bank and in hand

32,323

29,376

88,967

166,035

CREDITORS

Amounts falling due within one year

632,728

985,101

NET CURRENT LIABILITIES

(543,761

)

(819,066

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

(543,761

)

(605,209

)

CAPITAL AND RESERVES

Called up share capital

4

2

Profit and loss account

(543,763

)

(605,211

)

SHAREHOLDERS' FUNDS

(543,761

)

(605,209

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 July 2016.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 July 2016 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 23 March 2017 and were signed on its behalf by:

F R O'Sullivan - 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 January 2015).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

50% on cost and 20% on cost

Motor vehicles and tractors

-

20% on cost

Stocks

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

moving items.

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 the profit and loss account in the period to which they relate.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2015

309,334

Additions

30,795

Disposals

(340,129

)

At 31 July 2016

-

DEPRECIATION

At 1 April 2015

214,377

Charge for period

31,351

Eliminated on disposal

(245,728

)

At 31 July 2016

-

NET BOOK VALUE

At 31 July 2016

-

At 31 March 2015

94,957

3.	HERD BASIS

Herd

basis

£

COST

At 1 April 2015

118,900

Disposals

(118,900

)

At 31 July 2016

-

NET BOOK VALUE

At 31 July 2016

-

At 31 March 2015

118,900

4.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.7.16

31.3.15

value:

£

2

Ordinary

£1

2