IRIS Accounts Production v23.3.0.418 08414423 Board of Directors Board of Directors Board of Directors Board of Directors 1.4.22 31.3.23 31.3.23 false true false false true false 183841 1997 7790 185838 191631 183841 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure084144232022-03-31084144232023-03-31084144232022-04-012023-03-31084144232021-03-31084144232021-04-012022-03-31084144232022-03-3108414423ns16:EnglandWales2022-04-012023-03-3108414423ns15:PoundSterling2022-04-012023-03-3108414423ns11:Director12022-04-012023-03-3108414423ns11:Director22022-04-012023-03-3108414423ns11:Director32022-04-012023-03-3108414423ns11:Director42022-04-012023-03-3108414423ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3108414423ns11:SmallEntities2022-04-012023-03-3108414423ns11:AuditExemptWithAccountantsReport2022-04-012023-03-3108414423ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3108414423ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3108414423ns11:FullAccounts2022-04-012023-03-3108414423ns11:Director3432022-03-3108414423ns11:Director3432021-03-3108414423ns11:Director3432022-04-012023-03-3108414423ns11:Director3432021-04-012022-03-3108414423ns11:Director3432023-03-3108414423ns11:Director3432022-03-3108414423ns11:RegisteredOffice2022-04-012023-03-3108414423ns6:CurrentFinancialInstruments2023-03-3108414423ns6:CurrentFinancialInstruments2022-03-3108414423ns6:Non-currentFinancialInstruments2023-03-3108414423ns6:Non-currentFinancialInstruments2022-03-3108414423ns6:ShareCapital2023-03-3108414423ns6:ShareCapital2022-03-3108414423ns6:RetainedEarningsAccumulatedLosses2023-03-3108414423ns6:RetainedEarningsAccumulatedLosses2022-03-3108414423ns6:LandBuildings2022-04-012023-03-3108414423ns6:PlantMachinery2022-04-012023-03-3108414423ns6:LandBuildings2022-03-3108414423ns6:PlantMachinery2022-03-3108414423ns6:LandBuildings2023-03-3108414423ns6:PlantMachinery2023-03-3108414423ns6:LandBuildings2022-03-3108414423ns6:PlantMachinery2022-03-3108414423ns6:CostValuation2022-03-3108414423ns6:AdditionsToInvestments2023-03-3108414423ns6:CostValuation2023-03-3108414423ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3108414423ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3108414423ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2023-03-3108414423ns6:MoreThanFiveYearsns6:Non-currentFinancialInstruments2022-03-3108414423ns6:WithinOneYear2023-03-3108414423ns6:WithinOneYear2022-03-3108414423ns11:Director442022-03-3108414423ns11:Director442021-03-3108414423ns11:Director442022-04-012023-03-3108414423ns11:Director442021-04-012022-03-3108414423ns11:Director442023-03-3108414423ns11:Director442022-03-3108414423ns11:Director112022-03-3108414423ns11:Director112021-03-3108414423ns11:Director112022-04-012023-03-3108414423ns11:Director112021-04-012022-03-3108414423ns11:Director112023-03-3108414423ns11:Director112022-03-31084144232ns11:Director22022-03-31084144232ns11:Director22021-03-31084144232ns11:Director22022-04-012023-03-31084144232ns11:Director22021-04-012022-03-31084144232ns11:Director22023-03-31084144232ns11:Director22022-03-31
REGISTERED NUMBER: 08414423 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

RHJ Dairy Limited

RHJ Dairy Limited (Registered number: 08414423)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

RHJ Dairy Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J Bacon
R J Vanstone
Mrs H J Vanstone
I C Vanstone





REGISTERED OFFICE: 9 Western Road
Launceston
Cornwall
PL15 7AR





REGISTERED NUMBER: 08414423 (England and Wales)





ACCOUNTANTS: Haines Watts
9 Western Road
Launceston
Cornwall
PL15 7AR

RHJ Dairy Limited (Registered number: 08414423)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 470,175 322,805
Investments 5 201,755 191,972
671,930 514,777

CURRENT ASSETS
Stocks 241,509 249,864
Debtors 6 250,470 109,299
Cash at bank 374,711 193,929
866,690 553,092
CREDITORS
Amounts falling due within one year 7 344,004 317,728
NET CURRENT ASSETS 522,686 235,364
TOTAL ASSETS LESS CURRENT LIABILITIES 1,194,616 750,141

CREDITORS
Amounts falling due after more than one
year

8

(147,398

)

(157,094

)

PROVISIONS FOR LIABILITIES (44,604 ) (32,509 )
NET ASSETS 1,002,614 560,538

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 1,000,614 558,538
SHAREHOLDERS' FUNDS 1,002,614 560,538

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

RHJ Dairy Limited (Registered number: 08414423)

Balance Sheet - continued
31 March 2023


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 6 November 2023 and were signed on its behalf by:




R J Vanstone - Director J Bacon - Director




Mrs H J Vanstone - Director I C Vanstone - Director


RHJ Dairy Limited (Registered number: 08414423)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

RHJ Dairy 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 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.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost and 25% on reducing balance

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 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.

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.

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.

RHJ Dairy Limited (Registered number: 08414423)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 94,348 662,090 756,438
Additions - 285,582 285,582
Disposals - (10,077 ) (10,077 )
At 31 March 2023 94,348 937,595 1,031,943
DEPRECIATION
At 1 April 2022 12,893 420,740 433,633
Charge for year 1,887 130,136 132,023
Eliminated on disposal - (3,888 ) (3,888 )
At 31 March 2023 14,780 546,988 561,768
NET BOOK VALUE
At 31 March 2023 79,568 390,607 470,175
At 31 March 2022 81,455 241,350 322,805

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2022 191,972
Additions 9,783
At 31 March 2023 201,755
NET BOOK VALUE
At 31 March 2023 201,755
At 31 March 2022 191,972

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 100,247 55,138
Other debtors 150,223 54,161
250,470 109,299

RHJ Dairy Limited (Registered number: 08414423)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 54,116 48,551
Taxation and social security 91,634 10,535
Other creditors 198,254 258,642
344,004 317,728

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.23 31.3.22
£    £   
Other creditors 147,398 157,094

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Pref shares more 5 yrs non-ins 115,000 115,000

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.23 31.3.22
£    £   
Within one year 35,000 35,000

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
I C Vanstone
Balance outstanding at start of year (7,949 ) 13,068
Amounts advanced 36,990 23,983
Amounts repaid (5,000 ) (45,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 24,041 (7,949 )

R J Vanstone and Mrs H J Vanstone
Balance outstanding at start of year (183,841 ) 1,997
Amounts repaid (7,790 ) (185,838 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (191,631 ) (183,841 )

RHJ Dairy Limited (Registered number: 08414423)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

J Bacon
Balance outstanding at start of year 33,184 (294 )
Amounts advanced 76,311 38,559
Amounts repaid (36,000 ) (5,081 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 73,495 33,184

As at 31 March 2023 Mr I Vanstone owed the company £24,040 (2022 £(7,949)). Interest is charged on this loan at 6% per annum, and is repayable on demand.

As at 31 March 2023 the company owed Mr and Mrs R & H Vanstone an amount of £191,632 (2022 £183,842). This loan is charged at no annual interest, and is repayable on demand.

As at 31 March 2023 Mr J Bacon owed the company an amount of £73,496 (2022 £33,185). Interest is charged on this loan at 6% per annum, and is repayable on demand.

11. RELATED PARTY DISCLOSURES

RJ & HJ Vanstone, of which the directors are partners, made sales to the company of £181,000 (2022: £172,700) and purchases from the company of £86,000.00 (2022: £66,600.00). The balance owed by the company at the end of the year was Nil (2022:Nil).

12. DEBENTURE

HSBC Bank Plc hold a fixed and floating charge over the assets of the company in respect of a personal mortgage totalling £400,000 for Mr I C Vanstone and Mr J Bacon, directors and shareholders.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
RHJ Dairy Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RHJ Dairy Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of RHJ Dairy Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RHJ Dairy Limited and state those matters that we have agreed to state to the Board of Directors of RHJ Dairy Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RHJ Dairy Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that RHJ Dairy Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RHJ Dairy Limited. You consider that RHJ Dairy Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of RHJ Dairy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Haines Watts
9 Western Road
Launceston
Cornwall
PL15 7AR


7 November 2023