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REGISTERED NUMBER: 00654056 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2017

for

Bradfields Farm Limited

Bradfields Farm Limited (Registered number: 00654056)






Contents of the Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bradfields Farm Limited

Company Information
for the Year Ended 31 March 2017







DIRECTORS: Mr W Price
Mrs N Price





SECRETARY: Mrs A M Price





REGISTERED OFFICE: Bradfields Farm
Bradford on Tone
TAUNTON
Somerset
TA4 1HR





REGISTERED NUMBER: 00654056 (England and Wales)





ACCOUNTANTS: A C Mole & Sons
Chartered Accountants
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

Bradfields Farm Limited (Registered number: 00654056)

Balance Sheet
31 March 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,597 1,597
Tangible assets 5 783,067 799,049
Investments 6 46,203 46,203
830,867 846,849

CURRENT ASSETS
Stocks 19,150 10,896
Debtors 7 24,689 23,171
Cash at bank and in hand 1,290,039 1,235,146
1,333,878 1,269,213
CREDITORS
Amounts falling due within one year 8 130,236 126,609
NET CURRENT ASSETS 1,203,642 1,142,604
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,034,509

1,989,453

PROVISIONS FOR LIABILITIES 15,575 17,754
NET ASSETS 2,018,934 1,971,699

CAPITAL AND RESERVES
Called up share capital 8,267 8,267
Retained earnings 2,010,667 1,963,432
SHAREHOLDERS' FUNDS 2,018,934 1,971,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2017 in accordance with Section 476 of the Companies Act 2006.

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.

Bradfields Farm Limited (Registered number: 00654056)

Balance Sheet - continued
31 March 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 17 July 2017 and were signed on its behalf by:





Mr W Price - Director


Bradfields Farm Limited (Registered number: 00654056)

Notes to the Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Bradfields Farm Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is the amount derived from the sale of produce and other activities.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land & buildings - See Below
Tractors & plant - 10% to 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or
substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance
sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from
those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that
have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the
timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they
will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to the profit and loss account in the period to which they relate.

Land and buildings
Buildings are depreciated over 50 years. No depreciation is charged on land.

Bradfields Farm Limited (Registered number: 00654056)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

2. ACCOUNTING POLICIES - continued

Reconciliation with previous generally accepted accounting practice
Prior to 1 April 2016 the Company prepared its financial statements under previously extant UK GAAP. From 1
April 2016 the Company has prepared its annual financial statements in accordance with FRS 102.

In preparing the accounts, the directors have considered whether in applying the accounting policies required by
FRS 102 a restatement of comparative items was needed.

The notes to the financial statements provide further information.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 .

4. INTANGIBLE FIXED ASSETS
Entitlements
£   
COST
At 1 April 2016
and 31 March 2017 1,597
NET BOOK VALUE
At 31 March 2017 1,597
At 31 March 2016 1,597

5. TANGIBLE FIXED ASSETS
Land & Tractors
buildings & plant Totals
£    £    £   
COST
At 1 April 2016 760,855 403,667 1,164,522
Additions - 1,200 1,200
At 31 March 2017 760,855 404,867 1,165,722
DEPRECIATION
At 1 April 2016 58,782 306,691 365,473
Charge for year 3,460 13,722 17,182
At 31 March 2017 62,242 320,413 382,655
NET BOOK VALUE
At 31 March 2017 698,613 84,454 783,067
At 31 March 2016 702,073 96,976 799,049

Included in cost of land and buildings is freehold land of £ 580,619 (2016 - £ 580,619 ) which is not depreciated.

Bradfields Farm Limited (Registered number: 00654056)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2017

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2016
and 31 March 2017 46,203
NET BOOK VALUE
At 31 March 2017 46,203
At 31 March 2016 46,203

The Company acquired the whole of the issued Share Capital of Mayland Fruit Farms (Wellington) Limited on
28 March 1990.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 16,813 15,069
Other debtors 7,876 8,102
24,689 23,171

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade creditors 6,360 11,998
Amounts owed to group undertakings 90,136 90,136
Taxation and social security 28,384 19,079
Other creditors 5,356 5,396
130,236 126,609