Registration number:
Year Ended
Ragley Estate Meats Limited
Contents
Year Ended 31 March 2015
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Ragley Estate Meats Limited
Company Information
Year Ended 31 March 2015
Directors |
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Registered office |
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Bankers |
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Accountants |
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Ragley Estate Meats Limited
Directors' Report
Year Ended 31 March 2015
The directors present their report and the unaudited financial statements for the year ended 31 March 2015.
Directors of the company
The directors who held office during the year were as follows:
Small company provisions
This report has been prepared in accordance with the small companies regime under the Companies Act 2006.
Approved by the Board on
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The Marquess of Hertford
Director
Ragley Estate Meats Limited
Accountants' Report
Year Ended 31 March 2015
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ragley Estate Meats Limited
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Ragley Estate Meats Limited for the year ended 31 March 2015 set out on pages 4 to 12 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 Ragley Estate Meats Limited, as a body, in accordance with the terms of our engagement letter dated 15 July 2014 . Our work has been undertaken solely to prepare for your approval the accounts of Ragley Estate Meats Limited and state those matters that we have agreed to state to them, 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 Ragley Estate Meats Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Ragley Estate Meats Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Ragley Estate Meats Limited. You consider that Ragley Estate Meats Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Ragley Estate Meats 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 accounts.
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Dixon Wilson
22 Chancery Lane
London
WC2A 1LS
31 July 2015
Ragley Estate Meats Limited
Profit and Loss Account
Year Ended 31 March 2015
Note |
2015
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2014
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating loss |
( |
( |
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Other exceptional items |
- |
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Other interest receivable and similar income |
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- |
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Interest payable and similar charges |
( |
( |
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(Loss)/profit on ordinary activities before taxation |
( |
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Tax on (loss)/profit on ordinary activities |
( |
- |
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(Loss)/profit for the financial year |
( |
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4
Ragley Estate Meats Limited
(Registration number: 05822186)
Balance Sheet at 31 March 2015
Note |
2015
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2014
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
- |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
( |
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Shareholders' funds |
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Approved and authorised for issue by the Board on
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The Marquess of Hertford
Director
5
Ragley Estate Meats Limited
Notes to the Financial Statements
Year Ended 31 March 2015
Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis. The loan from the shareholder is repayable on demand, but the Marquess of Hertford has undertaken not to seek repayment until the company has sufficient cash resources. Similarly, Ragley Home Farms, a business in which the Marquess of Hertford is a partner, will not seek payment of the amount owed to it by the company until the company has sufficient cash to do so.
Turnover
Government grants
Depreciation
Depreciation is calculated to write off the cost or revalued amount less estimated residual value of assets on a straight line basis over their estimated useful lives and is as follows:
Asset class |
Depreciation method and rate |
Improvements to buildings |
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Plant and machinery |
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Equipment |
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Motor vehicles |
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Stock and work in progress
Ragley Estate Meats Limited
Notes to the Financial Statements
Year Ended 31 March 2015
Deferred tax
Hire purchase and leasing
End of note |
Operating loss |
Operating loss is stated after charging/(crediting):
2015
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2014
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Loss on sale of tangible fixed assets |
1,442 |
330 |
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Depreciation of tangible fixed assets |
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End of note |
Ragley Estate Meats Limited
Notes to the Financial Statements
Year Ended 31 March 2015
Taxation |
Tax on (loss)/profit on ordinary activities
2015
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2014
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Current tax |
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Corporation tax charge |
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- |
Factors that may affect future tax charges
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End of note |
Ragley Estate Meats Limited
Notes to the Financial Statements
Year Ended 31 March 2015
Tangible fixed assets |
Freehold land and buildings
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Equipment
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Plant and machinery
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Motor vehicles
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Total
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Cost |
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At 1 April 2014 |
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Additions |
- |
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- |
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Disposals |
- |
- |
( |
- |
( |
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At 31 March 2015 |
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Depreciation |
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At 1 April 2014 |
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Charge for the year |
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Eliminated on disposals |
- |
- |
( |
- |
( |
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At 31 March 2015 |
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Net book value |
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At 31 March 2015 |
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- |
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At 31 March 2014 |
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Leased assets
Included within the net book value of tangible fixed assets is £
End of note |
Ragley Estate Meats Limited
Notes to the Financial Statements
Year Ended 31 March 2015
Debtors |
2015
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2014
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Trade debtors |
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Other debtors |
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Amounts owed by group undertakings |
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End of note |
Creditors: Amounts falling due within one year |
2015
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2014
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Trade creditors |
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Obligations under finance lease and hire purchase contracts |
4,206 |
1,764 |
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Corporation tax |
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- |
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Other creditors |
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Shareholder loan |
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End of note |
Creditors: Amounts falling due after more than one year |
2015
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2014
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Obligations under finance lease and hire purchase contracts |
6,196 |
- |
End of note |
Ragley Estate Meats Limited
Notes to the Financial Statements
Year Ended 31 March 2015
Share capital |
Allotted, called up and fully paid shares
2015 |
2014 |
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No. |
£ |
No. |
£ |
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End of note |
Reserves |
Profit and loss account
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Total
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At 1 April 2014 |
(579,235) |
(579,235) |
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Loss for the year |
(5,135) |
( |
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At 31 March 2015 |
(584,370) |
(584,370) |
End of note |
Commitments |
Operating lease commitments |
As at 31 March 2015 the company had annual commitments under non-cancellable operating leases as follows: |
Operating leases which expire: |
2015
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2014
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Within one year |
- |
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End of note |
Ragley Estate Meats Limited
Notes to the Financial Statements
Year Ended 31 March 2015
Related party transactions |
During the year the company made the following related party transactions: |
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End of note |
Control |
The company is controlled by
End of note |