Robert Rook Estates Limited 00615848 false 2022-04-06 2023-03-31 2023-03-31 The principal activity of the company is Mixed farming Digita Accounts Production Advanced 6.30.9574.0 true 00615848 2022-04-06 2023-03-31 00615848 2023-03-31 00615848 bus:Director1 1 2023-03-31 00615848 bus:Director2 1 2023-03-31 00615848 bus:Director3 1 2023-03-31 00615848 bus:Director4 1 2023-03-31 00615848 bus:Director5 1 2023-03-31 00615848 core:RetainedEarningsAccumulatedLosses 2023-03-31 00615848 core:ShareCapital 2023-03-31 00615848 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 00615848 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 00615848 bus:SmallEntities 2022-04-06 2023-03-31 00615848 bus:AuditExemptWithAccountantsReport 2022-04-06 2023-03-31 00615848 bus:FullAccounts 2022-04-06 2023-03-31 00615848 bus:SmallCompaniesRegimeForAccounts 2022-04-06 2023-03-31 00615848 bus:RegisteredOffice 2022-04-06 2023-03-31 00615848 bus:Director1 2022-04-06 2023-03-31 00615848 bus:Director1 1 2022-04-06 2023-03-31 00615848 bus:Director2 2022-04-06 2023-03-31 00615848 bus:Director2 1 2022-04-06 2023-03-31 00615848 bus:Director3 2022-04-06 2023-03-31 00615848 bus:Director3 1 2022-04-06 2023-03-31 00615848 bus:Director4 2022-04-06 2023-03-31 00615848 bus:Director4 1 2022-04-06 2023-03-31 00615848 bus:Director5 2022-04-06 2023-03-31 00615848 bus:Director5 1 2022-04-06 2023-03-31 00615848 bus:PrivateLimitedCompanyLtd 2022-04-06 2023-03-31 00615848 core:IntangibleAssetsOtherThanGoodwill 2022-04-06 2023-03-31 00615848 core:LandBuildings 2022-04-06 2023-03-31 00615848 core:MotorVehicles 2022-04-06 2023-03-31 00615848 core:PlantMachinery 2022-04-06 2023-03-31 00615848 countries:AllCountries 2022-04-06 2023-03-31 00615848 2021-04-06 2022-04-05 00615848 2022-04-05 00615848 core:RetainedEarningsAccumulatedLosses 2022-04-05 00615848 core:ShareCapital 2022-04-05 00615848 core:CurrentFinancialInstruments core:WithinOneYear 2022-04-05 00615848 core:Non-currentFinancialInstruments core:AfterOneYear 2022-04-05 iso4217:GBP xbrli:pure

Registration number: 00615848

Robert Rook Estates Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Period from 6 April 2022 to 31 March 2023

 

Robert Rook Estates Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 5

 

Robert Rook Estates Limited

(Registration number: 00615848)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5,453,046

5,752,142

Other financial assets

3,496

3,496

 

5,456,542

5,755,638

Current assets

 

Stocks

1,158,681

1,094,385

Debtors

604,190

983,962

Cash at bank and in hand

 

705,024

131,661

 

2,467,895

2,210,008

Creditors: Amounts falling due within one year

4

(693,174)

(901,134)

Net current assets

 

1,774,721

1,308,874

Total assets less current liabilities

 

7,231,263

7,064,512

Creditors: Amounts falling due after more than one year

(1,784,723)

(2,158,352)

Provisions for liabilities

(441,638)

(400,263)

Net assets

 

5,004,902

4,505,897

Capital and reserves

 

Called up share capital

750

750

Profit and loss account

5,004,152

4,505,147

Total equity

 

5,004,902

4,505,897

For the financial period ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 13 November 2023 and signed on its behalf by:
 

Mr Robert Charles Rook
Director

Mr John Richard Rook
Director

 

Robert Rook Estates Limited

(Registration number: 00615848)
Abridged Balance Sheet as at 31 March 2023

Mr Charles Robert Rook
Director

Mr Edward Webster Rook
Director

Mr James Tilburn Robinson
Director

 

Robert Rook Estates Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 6 April 2022 to 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Weighton Wold House
Weighton Wold
Market Weighton
North Yorkshire
YO43 4NE

These financial statements were authorised for issue by the Board on 13 November 2023.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

 

Robert Rook Estates Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 6 April 2022 to 31 March 2023


Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Freehold Property

4% straight line

Motor Vehicles

20% straight line

Plant and Machinery

15% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Basic Payment Scheme entitlements

100% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Biological assets

Biological assets, living plants and animals are included at the lower of cost and estimated selling price less costs to sell.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 18 (2022 - 18).

 

Robert Rook Estates Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 6 April 2022 to 31 March 2023

4

Creditors: amounts falling due within one year

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £2,066,132 (2022 - £2,548,998).

Within bank borrowings is a Bounce Back loan with a net book value of £36,459, the UK Government has provided a full guarantee in respect of this loan.

5

Related party transactions

Transactions with directors

2023

Advances to directors
£

Repayments by director
£

At 31 March 2023
£

Mr Robert Charles Rook

Advances and repayments - interest charged at commercial rate

151,659

(95,665)

228,066

       
     

Mr John Richard Rook

Advances and repayments - interest charged at commercial rate

28,019

(57,379)

57,530

       
     

Mr Charles Robert Rook

Advances and repayments - interest charged at commercial rate, if applicable

13,951

(10,000)

2,336

       
     

Mr Edward Webster Rook

Advances and repayments - interest charged at commercial rate, if applicable

14,344

(10,000)

7,892

       
     

Mr James Tilburn Robinson

Advances and repayments - interest charged at commercial rate, if applicable

3,772

-

6,259