Accounts








	Unaudited Abbreviated Accounts
	Agricola Investment and Development Company Limited



	For the year ended 5 April 2016





































		Company Number 00731836

	Agricola Investment and Development Company Limited
	Unaudited abbreviated accounts for the year ended 5 April 2016

	Company Information



	Company registration number:	00731836


	Registered office:	Perdiswell Farm
		Woodstock
		OXFORD
		OX20 1QJ


	Directors:	M S H Price
		Mrs J V H Whitehouse


	Secretary:	M S H Price


	Bankers:	Natwest Bank plc


	Accountants:	Churchgate Accountants Limited
		Churchgate House
		4 Spitfire Close
		Ermine Business Park
		HUNTINGDON
		PE29 6XY


	Agricola Investment and Development Company Limited
	Unaudited abbreviated accounts for the year ended 5 April 2016

	Index


		PAGE


	Accountants' report	1


	Principal accounting policies	2-3


	Unaudited abbreviated balance sheet	4-5


	Notes to the unaudited abbreviated accounts	6-7






	Accountants' report to the board of directors on the unaudited abbreviated accounts of Agricola Investment and Development Company Limited

	In accordance with the engagement letter dated 3 September 2012 and in order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of the company for the year ended 5 April 2016 which comprise the abbreviated balance sheet, principal accounting policies and the related notes from the company's accounting records and from information and explanations you have given to us.

	This report is made to the Board of Directors of Agricola Investment and Development Company Limited, as a body, in accordance with the terms of our engagement letter dated 3 September 2012. Our work has been undertaken solely to prepare for your approval the abbreviated accounts of Agricola Investment and Development Company Limited and state those matters that we have agreed to state to the Board of Directors of Agricola Investment and Development Company Limited, as a body, in this report in accordance with the requirements of the Institute of Chartered Accountants in England and Wales, as detailed at www.icaew.com. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Agricola Investment and Development Company Limited and its Board of Directors as a body for our work or for this report.

	It is your duty to ensure that Agricola Investment and Development Company Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view. You consider that Agricola Investment and Development Company Limited is exempt from the statutory audit requirement for the year ended 5 April 2016.

	We have not been instructed to carry out an audit or a review of the abbreviated accounts of Agricola Investment and Development Company 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 abbreviated accounts.





	Churchgate Accountants Limited
	Huntingdon

	Date: 13 December 2016


	Page 1


	Agricola Investment and Development Company Limited
	Unaudited abbreviated accounts for the year ended 5 April 2016

	Accounting policies

	Basis of accounting

	The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

	i) Freehold and leasehold properties are shown at their revalued amounts.

	ii) Investments are revalued at market value annually.

	The principal accounting policies of the company have remained unchanged from the previous year and are set out below.

	Turnover

	Turnover comprises revenue recognised by the company in respect of rents receivable during the year.

	Tangible fixed assets and depreciation

	Depreciation is calculated to write down the cost or valuation less estimated residual value of all tangible fixed assets excluding investment properties by equal annual instalments over their expected useful lives. The rates generally applicable are:-

	Fixture and fittings	10% straight line

	Investment properties

	Certain of the company's properties are held for long-term investment and are included in the balance sheet at their open market values. The surplus or deficit on revaluation of such properties are transferred to the investment property revaluation reserve. Depreciation is not provided in respect of freehold investment properties. Leasehold investment properties are not amortised where the unexpired term is over twenty years.

	This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed assets. The directors consider that this policy is necessary in order that the financial statements may give a true and fair view, because current values and changes in current values are of prime importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.


	Page 2


	Agricola Investment and Development Company Limited
	Unaudited abbreviated accounts for the year ended 5 April 2016

	Accounting policies (continued)

	Leased assets

	Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet and depreciated over their expected useful lives. The interest element of finance lease and hire purchase payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the agreement.

	All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the term of the lease.


	Page 3


Agricola Investment and Development Company Limited - Company Number 00731836
Unaudited abbreviated accounts for the year ended 05 April 2016

Unaudited abbreviated balance sheet


	Note		2016		2015
		£	£	£	£
Fixed assets
Tangible assets	1		987,403		980,494

Current assets
Debtors		2,363		136
Cash at bank and in hand		53,107		28,925
		55,470		29,061

Creditors: amounts falling due within one year		63,879		56,392
Net current liabilities			(8,409)		(27,331)
Total assets less current liabilities			978,994		953,163

Creditors: amounts falling due after more than one year			400		400
Net assets			978,594		952,763

Capital and reserves
Called up equity share capital	2		100		100
Revaluation reserve			831,905		831,905
Profit and loss account			146,589		120,758
Shareholders' funds			978,594		952,763

	The directors are satisfied that for the year ending 5 April 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies, and that the members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act.

	The directors acknowledge their responsibilities for: i) ensuring that the company keeps proper accounting records which comply with section 386 of the Act, and ii) preparing abbreviated accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Act relating to abbreviated accounts, so far as applicable to the company.

	The accompanying accounting policies and notes form an integral part of these abbreviated accounts.

	Page 4


	Agricola Investment and Development Company Limited - Company Number 00731836
	Unaudited abbreviated accounts for the year ended 05 April 2016

	Unaudited abbreviated balance sheet (continued)


	These abbreviated accounts have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

	The abbreviated accounts were approved by the directors and authorised for issue on 12 December 2016, and are signed on their behalf by:



	Mrs J V H Whitehouse Director

	The accompanying accounting policies and notes form an integral part of these abbreviated accounts.

	Page 5


	Agricola Investment and Development Company Limited
	Unaudited abbreviated accounts for the year ended 5 April 2016

	Notes to the unaudited abbreviated accounts

1	Fixed assets

	Leasehold	Freehold	Fixtures
	investment	investment	and
	properties	properties	fittings	Total
	£	£	£	£

Cost
At 6 April 2015	425,000	550,000	17,967	992,967
Additions	-	-	8,286	8,286
At 5 April 2016	425,000	550,000	26,253	1,001,253
Depreciation and amortisation
At 6 April 2015	-	-	12,473	12,473
Provided in the year	-	-	1,377	1,377
At 5 April 2016	-	-	13,850	13,850

Net book amount at 5 April 2016	425,000	550,000	12,403	987,403

Net book amount at 5 April 2015	425,000	550,000	5,494	980,494
Comprising:-
Cost	5,170	137,925	936	144,031
Revaluation surplus	444,830	387,075	-	831,905
	425,000	550,000	12,403	987,403

The properties were revalued in 2012 by the directors on an open market value for existing use basis. The directors believe that this valuation remains appropriate for 2016 given the present property market.


	Page 6


	Agricola Investment and Development Company Limited
	Unaudited abbreviated accounts for the year ended 5 April 2016

	Notes to the unaudited abbreviated accounts (continued)

2	Share capital
		2016	2015
		£	£
	Authorised, allotted, called up and fully paid
	100 ordinary A shares of £0.25 each	25	25
	100 ordinary B shares of £0.25 each	25	25
	100 ordinary C shares of £0.25 each	25	25
	100 ordinary D shares of £0.25 each	25	25
		100	100

3	Related party transactions

	The company is under the joint control of M S H Price and Mrs J V H Whitehouse. M S H Price and Mrs J V Whitehouse are both directors and own 75% of the issued share capital.

	During the year the company entered into transactions with D V H Price and Son, a partnership in which M S H Price (director) is a partner. The company paid £6,000 (2015: £6,000) for management services and expenses recharged.

	During the year the company paid rent of £7,869 (2015: £7,869) to the directors. At the year end £10,027 (2015: £30,027) remained due to the directors as included in other creditors. No interest is accruing on these accounts.

	During the year M Whitehouse, son of Mrs J V H Whitehouse (director), was paid £1,000 (2015: £1,000) for consultancy services.

	During the year the following dividends were paid to related parties:
		2016	2015
		£	£
	Mrs J V H Whitehouse (director)	19,000	19,000
	M S H Price (director)	19,000	19,000
	Mrs M Price (spouse of M S H Price)	12,000	12,000
	R Whitehouse (spouse of Mrs J V H Whitehouse)	12,000	12,000
		62,000	62,000

4	Controlling related parties

	The directors are the company's controlling related parties by virtue of their office and shareholding in the company.


	Page 7