REGISTERED NUMBER: 00449104

Abbreviated Unaudited Accounts for the Year Ended 31 March 2013

for

A A Clifton Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs A Clifton-Holt

R G Clifton-Holt Esq

SECRETARY:

R G Clifton-Holt Esq

REGISTERED OFFICE:

Haguelands Farm

Burmarsh Road

Romney Marsh

Kent

TN29 0JR

REGISTERED NUMBER:

00449104

ACCOUNTANTS:

McCabe Ford Williams

Chartered Accountants

Invicta Business Centre

Monument Way

Orbital Park

Ashford

Kent

TN24 0HB

FIXED ASSETS

Tangible assets

2

1,978,844

1,470,775

Investments

3

328

328

1,979,172

1,471,103

CURRENT ASSETS

Stocks

374,421

518,845

Debtors

480,299

399,935

Cash at bank and in hand

2,393

2,037

857,113

920,817

CREDITORS

Amounts falling due within one year

4

1,724,411

1,586,434

NET CURRENT LIABILITIES

(867,298

)

(665,617

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,111,874

805,486

CREDITORS

Amounts falling due after more than one year

4

3,042,170

2,567,604

NET LIABILITIES

(1,930,296

)

(1,762,118

)

CAPITAL AND RESERVES

Called up share capital

5

10,000

10,000

Profit and loss account

(1,940,296

)

(1,772,118

)

SHAREHOLDERS' FUNDS

(1,930,296

)

(1,762,118

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2013 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 31 December 2013 and were signed on its behalf by:

Mrs A Clifton-Holt - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on the going concern basis, with the continuance of trading

dependent on the support of the company's bankers.

If the company was unable to continue in operational existence for the foreseeable future, adjustments would

have to be made to reduce the balance sheet values of assets to their recoverable amounts, to provide for further

liabilities that might arise and to reclassify fixed and long term liabilities as current assets and liabilities.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on a straight line basis and not provided

Land

-

10% on a reducing balance basis

Tenanted improvements to property

-

10% on a reducing balance basis

Plant and equipment

-

25% on a reducing balance basis

Office fixtures and fittings

-

25% on a reducing balance basis

Motor vehicles

-

25% on a reducing balance basis

Freehold property includes land and buildings. Freehold land is not depreciated. Freehold buildings are written

off over 50 years on a straight line basis. To the extent that land and buildings were purchased in the same

transaction, the split has been estimated.

Stocks

Stock is valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items. Produce in store is valued at cost of production. Consumable stores are valued at purchase price.

Growing crops are calculated as the value of work done in seedbed preparation, planting, fertilising and spraying

plus the variable cost of inputs.

Deferred tax

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

sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over the shorter of their estimated lives and the lease term. The interest element of these

obligations is charged to the profit and loss account over the relevant period. The capital element of the future

payments is treated as a liability. Rentals under operating leases are charged to the profit and loss account in the

period in which they fall due.

Fixed asset investments

Investments are stated at cost or written down to their net realisable value if, in the opinion of the directors, there

has been a permanent diminution in value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2012

3,995,894

Additions

759,428

Disposals

(112,435

)

At 31 March 2013

4,642,887

DEPRECIATION

At 1 April 2012

2,525,119

Charge for year

238,480

Eliminated on disposal

(99,556

)

At 31 March 2013

2,664,043

NET BOOK VALUE

At 31 March 2013

1,978,844

At 31 March 2012

1,470,775

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2012

and 31 March 2013

328

NET BOOK VALUE

At 31 March 2013

328

At 31 March 2012

328

4.

CREDITORS

Creditors include an amount of £ 4,274,379 (2012 - £ 3,730,307 ) for which security has been given.

They also include the following debts falling due in more than five years:

2013

2012

£

£

Repayable otherwise than by instalments

3,000,000

2,500,000

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

10,000

Ordinary Shares

£1

10,000

10,000

6.	ULTIMATE CONTROLLING PARTY