Bentley Farms Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 03297611 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Bentley Farms Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

7

DIRECTORS:

T A E Brookes

Mrs A E Brookes

SECRETARY:

T A E Brookes

REGISTERED OFFICE:

Bentley Court

Holt

Worcester

Worcestershire

WR6 6TX

REGISTERED NUMBER:

03297611 (England and Wales)

ACCOUNTANTS:

Collett Accountancy Limited

Whitehouse Farm

Monkwood Green

Nr Worcester

Worcestershire

WR2 6NX

FIXED ASSETS

Intangible assets

3

1

1

Tangible assets

4

998,130

1,001,845

998,131

1,001,846

CURRENT ASSETS

Stocks

12,096

14,310

Debtors

5

7,556

1,766

Cash at bank

25,463

34,200

45,115

50,276

CREDITORS

Amounts falling due within one year

6

20,839

19,762

NET CURRENT ASSETS

24,276

30,514

TOTAL ASSETS LESS CURRENT LIABILITIES

1,022,407

1,032,360

CREDITORS

Amounts falling due after more than one year

7

220,000

220,000

NET ASSETS

802,407

812,360

CAPITAL AND RESERVES

Called up share capital

1,000,000

1,000,000

Retained earnings

(197,593

)

(187,640

)

SHAREHOLDERS' FUNDS

802,407

812,360

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 9 November 2017 and were signed on its behalf by:

T A E Brookes - Director

1.	STATUTORY INFORMATION

Bentley Farms Limited is a private company, limited by shares , registered in England

and Wales. The company's registered number and registered office address can be found

on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable,

excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Acquired goodwill is written off in equal annual instalments over its estimated useful

economic life.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets

are measured at cost less any accumulated amortisation and any accumulated

impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rate in order to write off the cost less

estimated residual value of each asset over its estimated useful life.

Plant and machinery etc - 10% on reducing balance

Property improvements and buildings are no longer to be depreciated, in line with the

treatment of land.

Stocks

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

allowance for obsolete and slow moving items.

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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but

not reversed at the balance sheet date.

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.

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.

3.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2016

and 31 March 2017

1

NET BOOK VALUE

At 31 March 2017

1

At 31 March 2016

1

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2016

951,464

225,203

1,176,667

Additions

-

5,500

5,500

Disposals

-

(1,580

)

(1,580

)

At 31 March 2017

951,464

229,123

1,180,587

DEPRECIATION

At 1 April 2016

33,333

141,489

174,822

Charge for year

-

8,890

8,890

Eliminated on disposal

-

(1,255

)

(1,255

)

At 31 March 2017

33,333

149,124

182,457

NET BOOK VALUE

At 31 March 2017

918,131

79,999

998,130

At 31 March 2016

918,131

83,714

1,001,845

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other debtors

7,556

1,766

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Trade creditors

-

831

Other creditors

20,839

18,931

20,839

19,762

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.17

31.3.16

£

£

Other creditors

220,000

220,000

8.	RELATED PARTY DISCLOSURES

Related business

The following business is a related party of Bentley Farms Limited:

The TAB Corporation Plc - Mr & Mrs T A E Brookes hold a controlling interest in this

company.

Related individuals

The following transactions took place with individual related parties during the year:

Directors current account

Creditors include the following amount due to a director, Mr T A E Brookes, at 31st March

2017 £195,139 (2016 £192,748). £175,000 of this has been reclassified as falling due

after more than one year, leaving £20,139 as falling due in less than one year. Mr T A E

Brookes also made a loan of £5,000 to the company in 2016 and £40,000 in 2014 and

these are classified as falling due after more than one year.

The following reproduces the text of the report prepared for the directors in respect

of the company's annual unaudited financial statements. In accordance with the

Companies Act 2006, the company is only required to file a Balance Sheet. Readers

are cautioned that the Income Statement and certain other primary statements and

the Report of the Directors are not required to be filed with the Registrar of

Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2017 set out on pages one to nine and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Collett Accountancy Limited

Whitehouse Farm

Monkwood Green

Nr Worcester

Worcestershire

WR2 6NX

Date: .............................................