Langdon (Dorset) Farms - Accounts to registrar (filleted) - small 18.2

Langdon (Dorset) Farms - Accounts to registrar (filleted) - small 18.2

LANGDON (DORSET) FARMS - Company Information

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REGISTERED NUMBER: 00365806 (England and Wales)










ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2018

FOR

LANGDON (DORSET) FARMS









LANGDON (DORSET) FARMS (REGISTERED NUMBER: 00365806)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2018




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


LANGDON (DORSET) FARMS

COMPANY INFORMATION
for the year ended 30 September 2018







DIRECTORS: C W W Dupont
Mrs A J Dupont





SECRETARY: C W W Dupont





REGISTERED OFFICE: Langdon Manor
Beaminster
Dorset
DT8 3NN





REGISTERED NUMBER: 00365806 (England and Wales)





Page 1
LANGDON (DORSET) FARMS (REGISTERED NUMBER: 00365806)

ABRIDGED BALANCE SHEET
30 September 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,432,709 6,455,980
Investment property 5 707,949 700,000
7,140,658 7,155,980

CURRENT ASSETS
Stocks 6,953 6,463
Debtors 21,735 14,868
Investments 23,900 20,980
Cash at bank and in hand 30,230 16,141
82,818 58,452
CREDITORS
Amounts falling due within one year 62,025 57,915
NET CURRENT ASSETS 20,793 537
TOTAL ASSETS LESS CURRENT
LIABILITIES
7,161,451
7,156,517

CREDITORS
Amounts falling due after more than one
year
6
(103,455
)
(106,070
)

PROVISIONS FOR LIABILITIES (57,264 ) (48,505 )
NET ASSETS 7,000,732 7,001,942

CAPITAL AND RESERVES
Called up share capital 42,510 42,510
Revaluation reserve 5,752,322 5,752,322
Non distributable reserves 428,159 425,073
Retained earnings 777,741 782,037
7,000,732 7,001,942

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2018 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 notes form part of these financial statements

Page 2 continued...
LANGDON (DORSET) FARMS (REGISTERED NUMBER: 00365806)

ABRIDGED BALANCE SHEET - continued
30 September 2018


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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 January 2019 and were signed on its behalf by:





C W W Dupont - Director


The notes form part of these financial statements

Page 3
LANGDON (DORSET) FARMS (REGISTERED NUMBER: 00365806)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2018

1. STATUTORY INFORMATION

Langdon (Dorset) Farms is a private company , 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 as modified by the revaluation of certain assets.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting
policies adopted in the preparation of the financial statements are set out below and have remained unchanged
from the previous year.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal
course of business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - 4% on cost
Plant and machinery - 12.5% on cost and Straight line over 15 years
Motor vehicles - 20% on cost
Tractors - 20% on cost

No depreciation is provided on farm land.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element
of the future payments is treated as a liability.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 3 ) .

Page 4 continued...
LANGDON (DORSET) FARMS (REGISTERED NUMBER: 00365806)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2018

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1 October 2017 6,866,576
Additions 14,092
Disposals (11,750 )
At 30 September 2018 6,868,918
DEPRECIATION
At 1 October 2017 410,596
Charge for year 29,285
Eliminated on disposal (3,672 )
At 30 September 2018 436,209
NET BOOK VALUE
At 30 September 2018 6,432,709
At 30 September 2017 6,455,980

Cost or valuation at 30 September 2018 is represented by:

Totals
£   
Valuation in 2007 2,902,322
Valuation in 2013 350,000
Valuation in 2014 2,500,000
Cost 1,116,596
6,868,918

Freehold farmland and other freehold land and buildings are stated at directors' valuation at 30 September 2015.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST OR VALUATION
Additions 14,092
At 30 September 2018 14,092
DEPRECIATION
Charge for year 1,762
At 30 September 2018 1,762
NET BOOK VALUE
At 30 September 2018 12,330

Page 5 continued...
LANGDON (DORSET) FARMS (REGISTERED NUMBER: 00365806)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2018

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2017 700,000
Additions 7,949
At 30 September 2018 707,949
NET BOOK VALUE
At 30 September 2018 707,949
At 30 September 2017 700,000

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2018 2017
£    £   
Repayable by instalments
Bank loans - more than 5 years 78,299 83,070

7. SECURED LIABILITIES

Lloyds Bank PLC holds a charge over freehold land owned by business. Further information can be found on
companies house.

Page 6