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Unaudited Financial Statements |
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for the Year Ended 31 March 2019 |
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Sunley Farms (Richmond) Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Year Ended 31 March 2019 |
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for |
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Sunley Farms (Richmond) Limited |
Sunley Farms (Richmond) Limited (Registered number: 00883353) |
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Contents of the Financial Statements |
for the Year Ended 31 March 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Sunley Farms (Richmond) Limited |
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Company Information |
for the Year Ended 31 March 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
140 Coniscliffe Road |
DARLINGTON |
County Durham |
DL3 7RT |
Sunley Farms (Richmond) Limited (Registered number: 00883353) |
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Balance Sheet |
31 March 2019 |
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2019 | 2018 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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Investments | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 | ( |
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NET CURRENT (LIABILITIES)/ASSETS | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 8 |
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PROVISIONS FOR LIABILITIES | 9 | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Investment property |
revaluations |
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Other reserves |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
Sunley Farms (Richmond) Limited (Registered number: 00883353) |
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Balance Sheet - continued |
31 March 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
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Sunley Farms (Richmond) Limited (Registered number: 00883353) |
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Notes to the Financial Statements |
for the Year Ended 31 March 2019 |
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1. | STATUTORY INFORMATION |
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Sunley Farms (Richmond) Limited is a
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company's registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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There were no material departures from that standard. |
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The principal accounting policies adopted in the preparation of the financial statements are set out below and have |
remained unchanged from the previous year, and also have been consistently applied within the same accounts. |
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Tangible fixed assets |
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Land | - |
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Fixtures and fittings | - |
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Computer equipment | - |
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Investment property |
Investment property is included at fair value. Gains are recognised in the Profit and Loss Account. Deferred tax is |
provided for on these gains ar the rate expected to apply when the property is sold. |
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Financial instruments |
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except |
to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
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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. |
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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. |
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Investments |
Investments are stated at fair value. |
Sunley Farms (Richmond) Limited (Registered number: 00883353) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2019 |
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3. | TANGIBLE FIXED ASSETS |
Fixtures |
and | Computer |
Land | fittings | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 April 2018 |
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Additions |
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At 31 March 2019 |
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DEPRECIATION |
At 1 April 2018 |
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Charge for year |
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At 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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4. | FIXED ASSET INVESTMENTS |
Other |
investments |
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COST |
At 1 April 2018 |
and 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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Fixed asset investments were valued by the directors on a fair value basis at 31 March 2019. |
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5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2018 |
and 31 March 2019 |
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NET BOOK VALUE |
At 31 March 2019 |
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At 31 March 2018 |
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Investment property is stated at directors' valuation of open market value. |
Sunley Farms (Richmond) Limited (Registered number: 00883353) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2019 |
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5. | INVESTMENT PROPERTY - continued |
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Fair value at 31 March 2019 is represented by: |
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£ |
Valuation in 2000 | 238,444 |
Valuation in 2010 | 670,000 |
Valuation in 2012 | 100,000 |
Valuation in 2013 | (100,000 | ) |
Valuation in 2014 | (9,084 | ) |
Cost | 90,640 |
990,000 |
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If the investment property had not been revalued it would have been included at the following historical cost: |
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2019 | 2018 |
£ | £ |
Cost | 90,640 | 90,640 |
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The investment property was valued on a fair value basis on 31 March 2019 by the directors of the company. |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Due from related undertakings | 29,901 | 50,000 |
Prepayments and accrued income |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Taxation and social security |
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Due to related undertakings |
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Directors' current accounts | 21,427 | 70,000 |
Accruals and deferred income |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2019 | 2018 |
£ | £ |
Directors loan account >5yrs | - | 151,272 |
Director's loan accounts | - | 118,000 |
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Amounts falling due in more than five years: |
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Repayable otherwise than by instalments |
Directors loan account >5yrs | - | 151,272 |
Sunley Farms (Richmond) Limited (Registered number: 00883353) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 March 2019 |
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9. | PROVISIONS FOR LIABILITIES |
2019 | 2018 |
£ | £ |
Deferred tax | 146,907 | 159,288 |
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Deferred |
tax |
£ |
Balance at 1 April 2018 |
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Released during the year | (12,381 | ) |
Balance at 31 March 2019 |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2019 | 2018 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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11. | RELATED PARTY DISCLOSURES |
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2019 | 2018 |
£ | £ |
Amounts due to directors | 21,427 | 339,272 |
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No interest was charged. |