REGISTERED NUMBER: SC380386 (Scotland)

Unaudited Financial Statements

for the Year Ended 31 May 2017

for

Aberdona Farming Company Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs L E M Poett

SECRETARY:

B Poett

REGISTERED OFFICE:

House of Mailer

Perth

PH2 0QA

REGISTERED NUMBER:

SC380386 (Scotland)

ACCOUNTANTS:

Campbell Dallas Limited

Accountants

5 Whitefriars Crescent

Perth

Perthshire

PH2 0PA

FIXED ASSETS

Investments

3

222,250

200,000

CURRENT ASSETS

Debtors

4

4

4

Cash at bank

37,398

78,889

37,402

78,893

CREDITORS

Amounts falling due within one year

5

42,099

92,099

NET CURRENT LIABILITIES

(4,697

)

(13,206

)

TOTAL ASSETS LESS CURRENT LIABILITIES

217,553

186,794

CAPITAL AND RESERVES

Called up share capital

104

104

Retained earnings

217,449

186,690

217,553

186,794

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

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

The director acknowledges her 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 director on 23 February 2018 and were signed by:

Mrs L E M Poett - Director

1.	STATUTORY INFORMATION

Aberdona Farming Company Ltd is a private company, limited by shares , registered in Scotland. The

company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

3.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1 June 2016

200,000

Revaluations

22,250

At 31 May 2017

222,250

NET BOOK VALUE

At 31 May 2017

222,250

At 31 May 2016

200,000

Cost or valuation at 31 May 2017 is represented by:

Listed

investments

£

Valuation in 2017

22,250

Cost

200,000

222,250

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other debtors

4

4

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other creditors

42,099

92,099

6.	ULTIMATE CONTROLLING PARTY

7.	FIRST YEAR ADOPTION

This is the first year in which the financial statements have been prepared under FRS 102. There were no

adjustments on transition.