Company Registration No. 01130732 (England and Wales)
Herne Farm Limited
Unaudited accounts
for the year ended 31 December 2019
Herne Farm Limited
Unaudited accounts
Contents
Herne Farm Limited
Company Information
for the year ended 31 December 2019
Directors
Miss F M E Cook
Mr G J Matthews
Dr C G Roffey
Mr J D Stevens
Mr R E Wiles
Company Number
01130732 (England and Wales)
Registered Office
The Leisure Centre
Crundles
Petersfield
Hampshire
GU31 4PJ
Accountants
Hampshire Accountancy Services
College Court
15 Bowen Lane
Petersfield
Hampshire
GU31 4DR
Herne Farm Limited
Statement of financial position
as at
31 December 2019
Cash at bank and in hand
78,895
52,968
Creditors: amounts falling due within one year
(40,311)
(41,294)
Net current assets
45,907
16,326
Called up share capital
79
79
Capital contribution reserve
77
37
Profit and loss account
45,751
16,210
Shareholders' funds
45,907
16,326
For the year ending 31 December 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2020 and were signed on its behalf by
Mr J D Stevens
Director
Company Registration No. 01130732
Herne Farm Limited
Notes to the Accounts
for the year ended 31 December 2019
Herne Farm Limited is a private company, limited by shares, registered in England and Wales, registration number 01130732. The registered office is The Leisure Centre, Crundles, Petersfield, Hampshire, GU31 4PJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The Leisure Centre was transferred to the company by Kebbell Developments Limited on 3 July 1981. There was no cost to the company, other than for legal and survey fees which have been written off in the Profit & Loss Account.
In 1980 the value of the freehold property was estimated by Kebbell Developments Limited to be £250,000. The directors believe it would be misleading to the shareholders to bring in a valuation of the property since it cannot be sold as it forms part of the overall Herne Farm Scheme.
The company operates a defined contribution pension scheme with NEST and the pension charge represents the amount payable by the company to the fund in respect of the year.
Finished goods
2,211
1,600
Trade debtors
4,145
1,495
Herne Farm Limited
Notes to the Accounts
for the year ended 31 December 2019
6
Creditors: amounts falling due within one year
2019
2018
Trade creditors
3,857
370
Taxes and social security
-
94
Other creditors
36,454
40,830
7
Average number of employees
During the year the average number of employees was 2 (2018: 2).