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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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LODGE FARM POULTRY LIMITED |
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REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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FOR |
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LODGE FARM POULTRY LIMITED |
LODGE FARM POULTRY LIMITED (REGISTERED NUMBER: 09579667) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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LODGE FARM POULTRY LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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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 |
64 Harpur Street |
Bedford |
Bedfordshire |
MK40 2ST |
LODGE FARM POULTRY LIMITED (REGISTERED NUMBER: 09579667) |
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ABRIDGED BALANCE SHEET |
30 SEPTEMBER 2016 |
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30.9.16 | 30.9.15 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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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 |
4 |
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NET (LIABILITIES)/ASSETS | ( |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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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. |
LODGE FARM POULTRY LIMITED (REGISTERED NUMBER: 09579667) |
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ABRIDGED BALANCE SHEET - continued |
30 SEPTEMBER 2016 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
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LODGE FARM POULTRY LIMITED (REGISTERED NUMBER: 09579667) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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1. | STATUTORY INFORMATION |
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Lodge Farm Poultry 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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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Tangible fixed assets |
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Farm Buildings | 4% on cost |
Plant and Machinery | 15% on reducing balance |
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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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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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Going concern |
The accounts have been prepared on a going concern basis despite the Balance sheet of the Company showing |
negative net current assets and net liabilities at the Balance Sheet date. The directors believe that the Company is |
generating sufficient cashflows on a weekly and monthly basis to meet its liabilities as they arise. It is noted that |
£144,500 of current liabilities is a loan from a related party. |
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3. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
Additions |
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At 30 September 2016 |
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DEPRECIATION |
Charge for year |
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At 30 September 2016 |
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NET BOOK VALUE |
At 30 September 2016 |
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LODGE FARM POULTRY LIMITED (REGISTERED NUMBER: 09579667) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2016 |
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4. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS |
30.9.16 | 30.9.15 |
£ | £ |
Repayable by instalments |
Bank loans more 5 yr by instal | 1,326,234 | - |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.9.16 | 30.9.15 |
value: | £ | £ |
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Ordinary A Shares | £1 | 3,000 | 3,000 |
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Ordinary B Shares | £1 | 2,000 | 2,000 |
5,000 | 5,000 |
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6. | RELATED PARTY DISCLOSURES |
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During the year, the Company entered into commercial transactions with W J Kendall & Sons, a partnership |
which is controlled by the directors and shareholders of the company. All transactions were undertaken on an |
arms length basis. At the year end, the Company owed the partnership £144,450. |