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REGISTERED NUMBER: 06846097 (England and Wales)










ROGESTON FARM LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2022






ROGESTON FARM LTD (REGISTERED NUMBER: 06846097)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ROGESTON FARM LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: P A Storrow
Mrs J D Storrow





SECRETARY: Mrs J D Storrow





REGISTERED OFFICE: 45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP





REGISTERED NUMBER: 06846097 (England and Wales)





ACCOUNTANTS: Bevan Buckland LLP
Chartered Accountants
45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP

ROGESTON FARM LTD (REGISTERED NUMBER: 06846097)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 340,354 302,354

CURRENT ASSETS
Stocks 164,085 167,247
Debtors 5 33,627 19,371
Cash at bank 109,113 169,487
306,825 356,105
CREDITORS
Amounts falling due within one year 6 62,966 43,745
NET CURRENT ASSETS 243,859 312,360
TOTAL ASSETS LESS CURRENT
LIABILITIES

584,213

614,714

CREDITORS
Amounts falling due after more than one
year

7

(401,111

)

(495,524

)

PROVISIONS FOR LIABILITIES (52,501 ) (44,964 )

ACCRUALS AND DEFERRED INCOME (6,264 ) (7,370 )
NET ASSETS 124,337 66,856

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 124,237 66,756
SHAREHOLDERS' FUNDS 124,337 66,856

ROGESTON FARM LTD (REGISTERED NUMBER: 06846097)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2022


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 12 September 2022 and were signed on its behalf by:




P A Storrow - Director



Mrs J D Storrow - Director


ROGESTON FARM LTD (REGISTERED NUMBER: 06846097)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Rogeston Farm Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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.
Improvements to property - 2% straight line
Plant and machinery - 15% reducing balance
Fixtures and fittings - 15% reducing balance
Tractors and motor vehicles - 25% reducing balance
Computer equipment - 25% straight line

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

ROGESTON FARM LTD (REGISTERED NUMBER: 06846097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 April 2021 83,500 405,074 543
Additions - 54,686 -
Disposals - (69,896 ) -
At 31 March 2022 83,500 389,864 543
DEPRECIATION
At 1 April 2021 17,799 262,381 466
Charge for year 1,671 27,214 11
Eliminated on disposal - (57,264 ) -
At 31 March 2022 19,470 232,331 477
NET BOOK VALUE
At 31 March 2022 64,030 157,533 66
At 31 March 2021 65,701 142,693 77

Tractors
and motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2021 159,927 4,747 653,791
Additions 64,500 - 119,186
Disposals - - (69,896 )
At 31 March 2022 224,427 4,747 703,081
DEPRECIATION
At 1 April 2021 66,292 4,499 351,437
Charge for year 39,534 124 68,554
Eliminated on disposal - - (57,264 )
At 31 March 2022 105,826 4,623 362,727
NET BOOK VALUE
At 31 March 2022 118,601 124 340,354
At 31 March 2021 93,635 248 302,354

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 29,009 15,385
Other debtors 4,618 3,986
33,627 19,371

ROGESTON FARM LTD (REGISTERED NUMBER: 06846097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Hire purchase contracts (see note 8) 41,773 26,740
Trade creditors 19,151 6,609
Taxation and social security - 8,459
Other creditors 2,042 1,937
62,966 43,745

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Hire purchase contracts (see note 8) 32,757 48,179
Other creditors 368,354 447,345
401,111 495,524

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2022 2021
£    £   
Net obligations repayable:
Within one year 41,773 26,740
Between one and five years 32,757 48,179
74,530 74,919

9. RELATED PARTY DISCLOSURES

The company operates from premises owned by the directors. No rent is paid.

During the year the directors made funds available to the company to assist with the provision of working capital. The loan was interest free, unsecured and repayable on demand. The amount outstanding at the balance sheet date was £368,354 (2021 £447,345)