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ACRE FARM PARK LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JANUARY 2016 |
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FILE COPY |
REGISTERED NUMBER:
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ACRE FARM PARK LIMITED |
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31 JANUARY 2016 |
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ACRE FARM PARK LIMITED (REGISTERED NUMBER: 01458550) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2016 |
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FILE COPY |
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Page |
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Company Information | 1 |
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Chartered Accountants' Report | 2 |
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Statement of Financial Position | 3 |
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Notes to the Financial Statements | 5 |
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ACRE FARM PARK LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JANUARY 2016 |
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FILE COPY |
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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15-17 Church Street |
Stourbridge |
West Midlands |
DY8 1LU |
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
ACRE FARM PARK LIMITED |
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FILE COPY |
The following reproduces the text of the report prepared for the directors and members 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 Statement of Financial Position. Readers are cautioned that the Statement of |
Comprehensive Income and certain other primary statements and the Report of the Directors are not required to |
be filed with the Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the |
financial statements of Acre Farm Park Limited for the year ended 31 January 2016 which comprise the Statement of |
Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the |
company's accounting records and from information and explanations you have given us. |
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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. |
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This report is made solely to the Board of Directors of Acre Farm Park 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 Acre Farm Park Limited and state those matters that we have agreed to state to the Board of Directors of Acre Farm Park 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. |
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It is your duty to ensure that Acre Farm Park 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 Acre Farm Park Limited. You consider that Acre Farm Park Limited is exempt from the statutory audit requirement for the year. |
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We have not been instructed to carry out an audit or a review of the financial statements of Acre Farm Park 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. |
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15-17 Church Street |
Stourbridge |
West Midlands |
DY8 1LU |
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ACRE FARM PARK LIMITED (REGISTERED NUMBER: 01458550) |
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STATEMENT OF FINANCIAL POSITION |
31 JANUARY 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FILE COPY |
FIXED ASSETS |
Tangible assets | 2 |
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CURRENT ASSETS |
Stocks |
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Debtors | 3 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES | 5 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Capital reserve | 7 |
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Retained earnings | 7 |
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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. |
ACRE FARM PARK LIMITED (REGISTERED NUMBER: 01458550) |
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STATEMENT OF FINANCIAL POSITION - continued |
31 JANUARY 2016 |
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FILE COPY |
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The financial statements were approved by the Board of Directors on
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ACRE FARM PARK LIMITED (REGISTERED NUMBER: 01458550) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2016 |
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FILE COPY |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Financial reporting standard 102 - reduced disclosure exemptions |
The company has taken advantage of the following disclosure exemption in preparing these financial statements, |
as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland": |
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• | the requirements of Section 7 Statement of Cash Flows. |
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Turnover |
Turnover represents sales of goods and site services, excluding value added tax. |
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Tangible fixed assets |
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Freehold property | - |
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Plant and machinery | - |
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Motor vehicles | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow |
moving items. |
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Cost includes original purchase cost and further expenditure incurred in bringing the goods to their current |
location and condition. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
statement of financial position date. |
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2. | TANGIBLE FIXED ASSETS |
Freehold | Plant and | Motor |
property | machinery | vehicles | Totals |
£ | £ | £ | £ |
COST |
At 1 February 2015 |
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Additions |
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At 31 January 2016 |
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DEPRECIATION |
At 1 February 2015 |
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Charge for year |
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At 31 January 2016 |
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NET BOOK VALUE |
At 31 January 2016 |
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At 31 January 2015 |
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ACRE FARM PARK LIMITED (REGISTERED NUMBER: 01458550) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2016 |
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2. | TANGIBLE FIXED ASSETS - continued |
FILE COPY |
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Included in cost of land and buildings is freehold land of £ 182,359 (2015 - £ 182,359 ) which is not depreciated. |
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3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors |
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Other debtors |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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5. | PROVISIONS FOR LIABILITIES |
2016 | 2015 |
£ | £ |
Deferred tax |
Accelerated capital allowances | 361 | 238 |
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Deferred |
tax |
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Balance at 1 February 2015 |
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Charge to Statement of Comprehensive Income during year |
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Balance at 31 January 2016 |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 | 21,000 | 21,000 |
ACRE FARM PARK LIMITED (REGISTERED NUMBER: 01458550) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2016 |
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FILE COPY |
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7. | RESERVES |
Retained | Capital |
earnings | reserve | Totals |
£ | £ | £ |
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At 1 February 2015 |
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712,209 |
Profit for the year |
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At 31 January 2016 |
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712,220 |
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8. | RELATED PARTY DISCLOSURES |
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Mr. G.M. Thomas, a director of the company, is also a director of Geetee Investments Limited. |
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During the year, the company paid
administration expenses
to
Geetee Investments
amounting to £
3,385
(2015 -
£3,385). |
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At the balance sheet date, the company owed the sum of £4,062 - (2015 £4,062) to Geetee Investments Limited. |
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9. | FIRST YEAR ADOPTION |
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No adjustments to the values included in the financial statements were required on transition to Financial |
Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". |
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