Sligo Farms & Estates Limited
|
Registered number: |
SC133450
|
Abbreviated Balance Sheet |
as at 30 April 2016
|
|
Notes |
|
|
2016 |
|
|
2015 |
£ |
£ |
Fixed assets |
Tangible assets |
2 |
|
|
735,254 |
|
|
735,254 |
|
Current assets |
Debtors |
|
|
31,958 |
|
|
94,618 |
Cash at bank and in hand |
|
|
96,801 |
|
|
16,596 |
|
|
|
128,759 |
|
|
111,214 |
|
Creditors: amounts falling due within one year |
|
|
(14,786) |
|
|
(19,891) |
|
Net current assets |
|
|
|
113,973 |
|
|
91,323 |
|
Net assets |
|
|
|
849,227 |
|
|
826,577 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
3 |
|
|
3 |
|
|
3 |
Profit and loss account |
|
|
|
849,224 |
|
|
826,574 |
|
Shareholder's funds |
|
|
|
849,227 |
|
|
826,577 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
|
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
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The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
|
|
|
|
K Kristensen |
Director |
Approved by the board on 4 October 2016
|
|
Sligo Farms & Estates Limited
|
Notes to the Abbreviated Accounts |
for the year ended 30 April 2016
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
|
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
|
|
|
Depreciation |
|
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. |
|
|
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) it is a departure from the general requirements of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified. |
|
|
Single farm payment |
|
Income is only recognised once the twelve month basis period for the year of claim has come to an end. In the event that the conditions for the receipt of the single farm payment have not been met, income recognition is deferred until such time as those conditions can be assumed to have been met, and there is reasonable assurance that the single farm payment will be received. |
|
|
2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 May 2015 |
735,254 |
|
At 30 April 2016 |
735,254 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 30 April 2016 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2016 |
735,254 |
|
At 30 April 2015 |
735,254 |
|
|
|
|
|
|
|
|
3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares
|
£1 each |
|
3 |
|
3 |
|
3 |
|
|
|
|
|
|
|
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|