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REGISTERED NUMBER: 00546381 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 6TH APRIL 2022 TO 31ST MARCH 2023

FOR

R. HILLS (EAST RIGTON) LIMITED

R. HILLS (EAST RIGTON) LIMITED (REGISTERED NUMBER: 00546381)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 6TH APRIL 2022 TO 31ST MARCH 2023










Page

Balance Sheet 1

Notes to the Financial Statements 2


R. HILLS (EAST RIGTON) LIMITED (REGISTERED NUMBER: 00546381)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,202,683 2,202,782

CURRENT ASSETS
Stocks 5 272,550 253,169
Debtors 6 137,956 119,095
410,506 372,264
CREDITORS
Amounts falling due within one year 7 123,659 270,716
NET CURRENT ASSETS 286,847 101,548
TOTAL ASSETS LESS CURRENT LIABILITIES 5,489,530 2,304,330

CREDITORS
Amounts falling due after more than one year 8 2,812,867 88,284
NET ASSETS 2,676,663 2,216,046

CAPITAL AND RESERVES
Called up share capital 10 7,500 7,500
Capital redemption reserve 14,733 14,733
Retained earnings 2,654,430 2,193,813
SHAREHOLDERS' FUNDS 2,676,663 2,216,046

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st 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.

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 30th October 2023 and were signed on its behalf by:




D R Hills - Director


R. HILLS (EAST RIGTON) LIMITED (REGISTERED NUMBER: 00546381)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 6TH APRIL 2022 TO 31ST MARCH 2023


1. STATUTORY INFORMATION

R. Hills (East Rigton) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00546381

Registered office: East Rigton Farm
Mill Lane
Bardsey
Leeds
LS17 9AN

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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold land and buildings- 1% on cost less estimated residual value excluding land
Long Leasehold- 1% on cost less estimated residual value excluding land
Equipment- 25% reducing balance and 20% on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the period 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.


R. HILLS (EAST RIGTON) LIMITED (REGISTERED NUMBER: 00546381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6TH APRIL 2022 TO 31ST MARCH 2023


2. ACCOUNTING POLICIES - continued
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 period 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 6th April 2022 1,824,337 1,188,585 3,012,922
Additions 3,144,831 18,852 3,163,683
Disposals (82,952 ) (18,500 ) (101,452 )
At 31st March 2023 4,886,216 1,188,937 6,075,153
DEPRECIATION
At 6th April 2022 7,000 803,140 810,140
Charge for period - 79,620 79,620
Eliminated on disposal - (17,290 ) (17,290 )
At 31st March 2023 7,000 865,470 872,470
NET BOOK VALUE
At 31st March 2023 4,879,216 323,467 5,202,683
At 5th April 2022 1,817,337 385,445 2,202,782

5. STOCKS
2023 2022
£    £   
Livestock 115,118 122,809
Growing crops 157,432 129,830
Tenant right - 530
272,550 253,169

R. HILLS (EAST RIGTON) LIMITED (REGISTERED NUMBER: 00546381)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 6TH APRIL 2022 TO 31ST MARCH 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 46,814 55,655
Amounts owed by related parties 74,194 32,223
Other debtors 16,948 31,217
137,956 119,095

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 18,286 99,899
Hire purchase contracts 56,408 56,567
Trade creditors 15,841 78,031
Taxation and social security 13,639 3,021
Other creditors 19,485 33,198
123,659 270,716

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 2,812,867 31,667
Hire purchase contracts - 56,617
2,812,867 88,284

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 56,408 113,184

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3,500 Ordinary £1 3,500 3,500
4,000 Preference £1 4,000 4,000
7,500 7,500