REGISTERED NUMBER: 02048964 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2017

for

BROOMER FARM INVESTMENTS LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

D A Finnamore

Mrs D Finnamore

Mrs E H Grubb

Miss K A Finnamore

Miss H E Finnamore

P J A Finnamore

SECRETARY:

REGISTERED OFFICE:

The Granary

Brewer Street

Bletchingley

Surrey

RH1 4QP

REGISTERED NUMBER:

02048964 (England and Wales)

ACCOUNTANTS:

Lees Chartered Accountants

The Granary

Brewer Street

Bletchingley

Surrey

RH1 4QP

FIXED ASSETS

Tangible assets

4

12,212

325,198

Investment property

5

900,000

-

912,212

325,198

CURRENT ASSETS

Debtors

6

1,173

863

Cash at bank

38,301

44,501

39,474

45,364

CREDITORS

Amounts falling due within one year

7

31,786

12,968

NET CURRENT ASSETS

7,688

32,396

TOTAL ASSETS LESS CURRENT LIABILITIES

919,900

357,594

PROVISIONS FOR LIABILITIES

98,559

75

NET ASSETS

821,341

357,519

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

821,241

357,419

SHAREHOLDERS' FUNDS

821,341

357,519

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.

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 3 November 2017 and were signed on its behalf by:

D A Finnamore - Director

1.	STATUTORY INFORMATION

Broomer Farm Investments 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Computer equipment

-

33% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax

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

the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 .

4.	TANGIBLE FIXED ASSETS

Improvements

Leasehold

to

Plant and

Computer

property

property

machinery

equipment

Totals

£

£

£

£

£

COST

At 1 April 2016

287,600

37,222

-

1,129

325,951

Additions

-

-

14,297

-

14,297

Reclassification/transfer

(287,600

)

(37,222

)

-

-

(324,822

)

At 31 March 2017

-

-

14,297

1,129

15,426

DEPRECIATION

At 1 April 2016

-

-

-

753

753

Charge for year

-

-

2,085

376

2,461

At 31 March 2017

-

-

2,085

1,129

3,214

NET BOOK VALUE

At 31 March 2017

-

-

12,212

-

12,212

At 31 March 2016

287,600

37,222

-

376

325,198

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

68,657

Revaluations

506,521

Reclassification/transfer

324,822

At 31 March 2017

900,000

NET BOOK VALUE

At 31 March 2017

900,000

Fair value at 31 March 2017 is represented by:

£

Valuation in 2017

506,521

Cost

393,479

900,000

If the investment property had not been revalued it would have been included at the following historical

cost:

31.3.17

31.3.16

£

£

Cost

393,479

-

The investment property was valued on an open market basis basis on 31 March 2017 by the directors

.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Other debtors

1,173

863

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.17

31.3.16

£

£

Payments on account

3,947

-

Trade creditors

1,306

592

Tax

10,987

11,176

Other creditors

14,346

-

Accrued expenses

1,200

1,200

31,786

12,968

8.	RELATED PARTY DISCLOSURES

The following loans were due to the directors during the year :

31.03.17

31.03.16

£

£

Mr D A Finnamore

Balance outstanding and due to directors at 1st April

0

13,500

Introduced in the year

0

0

Repaid to directors during the year ended 31st March

0

(13,500

)

Balance outstanding and due to directors at 31st March

0

0

Miss K A Finnamore

Balance outstanding and due to directors at 1st April

0

45,129

Introduced in the year

0

0

Repaid to directors during the year ended 31st March

0

(45,129

)

Balance outstanding and due to directors at 31st March

0

0

Miss H E Finnamore

Balance outstanding and due to directors at 1st April

0

24,635

Introduced in the year

0

0

Repaid to directors during the year ended 31st March

0

(24,635

)

Balance outstanding and due to directors at 31st March

0

0