Daresbury Dairy Farm Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02580689 (England and Wales)

Abbreviated Unaudited Accounts

for the Period 1 November 2012 to 31 March 2014

for

Daresbury Dairy Farm Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

A G Thomas

J V Naunton Davies

Hon T E Greenall

SECRETARY:

Ms C S Marsh

REGISTERED OFFICE:

94 Wilderspool Causeway

Warrington

Cheshire

WA4 6PU

REGISTERED NUMBER:

02580689 (England and Wales)

ACCOUNTANTS:

Voisey & Co

Chartered Accountants

8 Winmarleigh Street

Warrington

Cheshire

WA1 1JW

FIXED ASSETS

Tangible assets

2

1,413,269

316,125

Investments

3

1,983

21,251

1,415,252

337,376

CURRENT ASSETS

Debtors

47,107

709,647

CREDITORS

Amounts falling due within one year

4

-

980,701

NET CURRENT ASSETS/(LIABILITIES)

47,107

(271,054

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,462,359

66,322

CREDITORS

Amounts falling due after more than one year

(1,000

)

(1,000

)

PROVISIONS FOR LIABILITIES

(235,551

)

-

NET ASSETS

1,225,808

65,322

CAPITAL AND RESERVES

Called up share capital

5

100

100

Revaluation reserve

886,124

21,152

Profit and loss account

339,584

44,070

SHAREHOLDERS' FUNDS

1,225,808

65,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2014 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 4 December 2014 and were signed on its behalf by:

A G Thomas - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover is the amount derived from ordinary activities, and stated after trade discounts, other sales taxes and

net of VAT.

Tangible fixed assets

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

Freehold property

-

Nil - Land, 2% - Buildings

Plant and machinery

-

10% on cost

Deferred tax

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

sheet date.

Joint venture

Joint ventures are arrangements in which the Company have a long-term interest and share control under a

written contractual arrangement. The Company's accounts include the appropriate share of the joint ventures'

results and retained reserves which have been included in the accounts on a gross equity basis in accordance with

FRS 9. These accounts are taken from the latest audited accounts of the undertaking concerned.

The company accounts for its share of the results of the limited partnership as they arise. A copy of the accounts

of the limited partnership has been appended to these accounts.

Fixed asset investments

Fixed asset investments which are listed on recognised stock exchanges are disclosed in the financial statements

at their market value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 November 2012

319,995

Disposals

(28,401

)

Revaluations

1,121,675

At 31 March 2014

1,413,269

DEPRECIATION

At 1 November 2012

3,870

Eliminated on disposal

(3,870

)

At 31 March 2014

-

NET BOOK VALUE

At 31 March 2014

1,413,269

At 31 October 2012

316,125

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST OR VALUATION

At 1 November 2012

21,251

Share of retained profits

1,884

Disposals

(21,152

)

At 31 March 2014

1,983

NET BOOK VALUE

At 31 March 2014

1,983

At 31 October 2012

21,251

The company is a 50% limited partner in Daresbury Festivals LLP, together with the parent company Daresbury

Properties Limited. The joint venture's business objects are trading in the provision of music festivals.

4.

CREDITORS

Creditors include an amount of £ 0 (31.10.12 - £ 860,582 ) for which security has been given.

They also include the following debts falling due in more than five years:

31.3.14

31.10.12

£

£

Repayable otherwise than by instalments

1,000

1,000

Details of shares shown as liabilities are as follows:

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.10.12

value:

£

£

1,000

9% Preference

£1

1,000

1,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.14

31.10.12

value:

£

£

100

Ordinary

£1

100

100

6.	ULTIMATE PARENT COMPANY

The company is a wholly owned subsidiary of Daresbury Properties Limited which is registered in England and

Wales.

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 Daresbury Dairy Farm Limited for the period ended 31 March 2014 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 Daresbury Dairy Farm 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

Daresbury Dairy Farm Limited and state those matters that we have agreed to state to the Board of Directors of

Daresbury Dairy Farm 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 Daresbury Dairy Farm 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

Daresbury Dairy Farm Limited. You consider that Daresbury Dairy Farm Limited is exempt from the statutory audit

requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Daresbury Dairy Farm

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.

Voisey & Co

Chartered Accountants

8 Winmarleigh Street

Warrington

Cheshire

WA1 1JW

8 December 2014