REGISTERED NUMBER: 02048964 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2018

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

REGISTERED OFFICE:

Oakwood

Lock Lane

Birdham

Chichester

West Sussex

PO20 7AX

REGISTERED NUMBER:

02048964 (England and Wales)

ACCOUNTANTS:

D A CLARK & CO. LTD.

Bailey House

4-10 Barttelot Road

Horsham

West Sussex

RH12 1DQ

FIXED ASSETS

Tangible assets

3

8,638

12,212

Investments

4

100,000

-

Investment property

5

900,000

900,000

1,008,638

912,212

CURRENT ASSETS

Debtors

6

-

1,173

Cash at bank

58,711

38,301

58,711

39,474

CREDITORS

Amounts falling due within one year

7

46,670

31,786

NET CURRENT ASSETS

12,041

7,688

TOTAL ASSETS LESS CURRENT LIABILITIES

1,020,679

919,900

PROVISIONS FOR LIABILITIES

97,880

98,559

NET ASSETS

922,799

821,341

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

8

506,521

-

Retained earnings

416,178

821,241

SHAREHOLDERS' FUNDS

922,799

821,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 1 October 2018 and were signed on its behalf by:

D A Finnamore - Director

1.	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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 6 ).

3.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2017

and 31 March 2018

14,297

1,129

15,426

DEPRECIATION

At 1 April 2017

2,085

1,129

3,214

Charge for year

3,574

-

3,574

At 31 March 2018

5,659

1,129

6,788

NET BOOK VALUE

At 31 March 2018

8,638

-

8,638

At 31 March 2017

12,212

-

12,212

4.	FIXED ASSET INVESTMENTS

Other

loans

£

New in year

100,000

At 31 March 2018

100,000

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2017

and 31 March 2018

900,000

NET BOOK VALUE

At 31 March 2018

900,000

At 31 March 2017

900,000

Fair value at 31 March 2018 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:

31.3.18

31.3.17

£

£

Cost

393,479

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

31.3.18

31.3.17

£

£

Other debtors

-

1,173

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Payments on account

16

3,947

Trade creditors

380

1,306

Tax

24,478

10,987

Other creditors

20,596

14,346

Accrued expenses

1,200

1,200

46,670

31,786

8.

RESERVES

Revaluation

reserve

£

Transfer Revaluation Gain

506,521

At 31 March 2018

506,521