Company Registration No. SC205148 (Scotland)
Hyndshillend Farm Ltd
Unaudited accounts
for the year ended 31 March 2019
Hyndshillend Farm Ltd
Unaudited accounts
Contents
Hyndshillend Farm Ltd
Company Information
for the year ended 31 March 2019
Directors
M E Still
Mrs D A Still
Company Number
SC205148 (Scotland)
Registered Office
Hyndshawland Farm
Elsrickle
Biggar
South Lanarkshire
ML12 6RD
Accountants
Rosebery Accountants & Business Advisors
23 Melville Street
Edinburgh
EH3 7PE
Hyndshillend Farm Ltd
Statement of financial position
as at
31 March 2019
Tangible assets
17,831
14,710
Inventories
64,170
64,170
Cash at bank and in hand
98,943
4,758
Creditors: amounts falling due within one year
(30,111)
(5,285)
Net current assets
144,995
101,211
Total assets less current liabilities
162,826
115,921
Creditors: amounts falling due after more than one year
(132,560)
(180,464)
Net assets/(liabilities)
30,266
(64,543)
Called up share capital
2
2
Profit and loss account
30,264
(64,545)
Shareholders' funds
30,266
(64,543)
For the year ending 31 March 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.
Approved by the Board on 16 September 2019.
M E Still
Director
Company Registration No. SC205148
Hyndshillend Farm Ltd
Notes to the Accounts
for the year ended 31 March 2019
Hyndshillend Farm Ltd is a private company, limited by shares, registered in Scotland, registration number SC205148. The registered office is Hyndshawland Farm, Elsrickle, Biggar, South Lanarkshire, ML12 6RD.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Buildings - 4% straight line; Land - nil.
Motor vehicles
20% straight line
Fixtures & fittings
20% straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2018
41,605
119,169
42,426
203,200
Additions
-
7,886
-
7,886
At 31 March 2019
41,605
127,055
42,426
211,086
At 1 April 2018
32,058
114,006
42,426
188,490
Charge for the year
1,749
3,016
-
4,765
At 31 March 2019
33,807
117,022
42,426
193,255
At 31 March 2019
7,798
10,033
-
17,831
At 31 March 2018
9,547
5,163
-
14,710
Work in progress
64,170
64,170
Hyndshillend Farm Ltd
Notes to the Accounts
for the year ended 31 March 2019
Trade debtors
49,204
37,568
Accrued income and prepayments
357
-
7
Creditors: amounts falling due within one year
2019
2018
Bank loans and overdrafts
537
139
Taxes and social security
29,411
2,783
8
Creditors: amounts falling due after more than one year
2019
2018
Other creditors
132,560
180,464
9
Transactions with related parties
During the year the company paid rent of £7,500 (2018 - £7,500) to Mr M E Still. At the end of the financial year the company owed £132,559 (2018 - £180,464) to Mr & Mrs Still. This loan is interest free and has no set terms of repayment.
In addition the company charged rent of £17,000 (2018 - £21,000) to Hyndshawland Farm Stables, a business owned by Mrs D A Still. At the end of the financial year the company was owed £37,568 (2018 - £37,568) by Hyndshawland Farm Stables. This business has now ceased to trade and it is considered that this sum is now unlikely to be received. Accordingly full provision has been made for it in these accounts.
10
Average number of employees
During the year the average number of employees was 1 (2018: 0).