2022-06-062023-06-052023-06-05false01367547R.E. HUDSON (FARMS) LIMITED2024-02-01iso4217:GBPxbrli:pure013675472022-06-06013675472023-06-05013675472022-06-062023-06-05013675472021-06-06013675472022-06-05013675472021-06-062022-06-0501367547bus:SmallEntities2022-06-062023-06-0501367547bus:AuditExempt-NoAccountantsReport2022-06-062023-06-0501367547bus:FullAccounts2022-06-062023-06-0501367547bus:PrivateLimitedCompanyLtd2022-06-062023-06-0501367547core:WithinOneYear2023-06-0501367547core:AfterOneYear2023-06-0501367547core:WithinOneYear2022-06-0501367547core:AfterOneYear2022-06-0501367547core:ShareCapital2023-06-0501367547core:SharePremium2023-06-0501367547core:RevaluationReserve2023-06-0501367547core:OtherReservesSubtotal2023-06-0501367547core:RetainedEarningsAccumulatedLosses2023-06-0501367547core:ShareCapital2022-06-0501367547core:SharePremium2022-06-0501367547core:RevaluationReserve2022-06-0501367547core:OtherReservesSubtotal2022-06-0501367547core:RetainedEarningsAccumulatedLosses2022-06-0501367547core:LandBuildings2023-06-0501367547core:PlantMachinery2023-06-0501367547core:Vehicles2023-06-0501367547core:FurnitureFittings2023-06-0501367547core:OfficeEquipment2023-06-0501367547core:NetGoodwill2023-06-0501367547core:IntangibleAssetsOtherThanGoodwill2023-06-0501367547core:ListedExchangeTraded2023-06-0501367547core:UnlistedNon-exchangeTraded2023-06-0501367547core:LandBuildings2022-06-0501367547core:PlantMachinery2022-06-0501367547core:Vehicles2022-06-0501367547core:FurnitureFittings2022-06-0501367547core:OfficeEquipment2022-06-0501367547core:NetGoodwill2022-06-0501367547core:IntangibleAssetsOtherThanGoodwill2022-06-0501367547core:ListedExchangeTraded2022-06-0501367547core:UnlistedNon-exchangeTraded2022-06-0501367547core:LandBuildings2022-06-062023-06-0501367547core:PlantMachinery2022-06-062023-06-0501367547core:Vehicles2022-06-062023-06-0501367547core:FurnitureFittings2022-06-062023-06-0501367547core:OfficeEquipment2022-06-062023-06-0501367547core:NetGoodwill2022-06-062023-06-0501367547core:IntangibleAssetsOtherThanGoodwill2022-06-062023-06-0501367547core:ListedExchangeTraded2022-06-062023-06-0501367547core:UnlistedNon-exchangeTraded2022-06-062023-06-0501367547core:MoreThanFiveYears2022-06-062023-06-0501367547core:Non-currentFinancialInstruments2023-06-0501367547core:Non-currentFinancialInstruments2022-06-0501367547dpl:CostSales2022-06-062023-06-0501367547dpl:DistributionCosts2022-06-062023-06-0501367547core:LandBuildings2022-06-062023-06-0501367547core:PlantMachinery2022-06-062023-06-0501367547core:Vehicles2022-06-062023-06-0501367547core:FurnitureFittings2022-06-062023-06-0501367547core:OfficeEquipment2022-06-062023-06-0501367547dpl:AdministrativeExpenses2022-06-062023-06-0501367547core:NetGoodwill2022-06-062023-06-0501367547core:IntangibleAssetsOtherThanGoodwill2022-06-062023-06-0501367547dpl:GroupUndertakings2022-06-062023-06-0501367547dpl:ParticipatingInterests2022-06-062023-06-0501367547dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-062023-06-0501367547core:ListedExchangeTraded2022-06-062023-06-0501367547dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-062023-06-0501367547core:UnlistedNon-exchangeTraded2022-06-062023-06-0501367547dpl:CostSales2021-06-062022-06-0501367547dpl:DistributionCosts2021-06-062022-06-0501367547core:LandBuildings2021-06-062022-06-0501367547core:PlantMachinery2021-06-062022-06-0501367547core:Vehicles2021-06-062022-06-0501367547core:FurnitureFittings2021-06-062022-06-0501367547core:OfficeEquipment2021-06-062022-06-0501367547dpl:AdministrativeExpenses2021-06-062022-06-0501367547core:NetGoodwill2021-06-062022-06-0501367547core:IntangibleAssetsOtherThanGoodwill2021-06-062022-06-0501367547dpl:GroupUndertakings2021-06-062022-06-0501367547dpl:ParticipatingInterests2021-06-062022-06-0501367547dpl:GroupUndertakingscore:ListedExchangeTraded2021-06-062022-06-0501367547core:ListedExchangeTraded2021-06-062022-06-0501367547dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-06-062022-06-0501367547core:UnlistedNon-exchangeTraded2021-06-062022-06-0501367547core:NetGoodwill2023-06-0501367547core:IntangibleAssetsOtherThanGoodwill2023-06-0501367547core:LandBuildings2023-06-0501367547core:PlantMachinery2023-06-0501367547core:Vehicles2023-06-0501367547core:FurnitureFittings2023-06-0501367547core:OfficeEquipment2023-06-0501367547core:AfterOneYear2023-06-0501367547core:WithinOneYear2023-06-0501367547core:ListedExchangeTraded2023-06-0501367547core:UnlistedNon-exchangeTraded2023-06-0501367547core:ShareCapital2023-06-0501367547core:SharePremium2023-06-0501367547core:RevaluationReserve2023-06-0501367547core:OtherReservesSubtotal2023-06-0501367547core:RetainedEarningsAccumulatedLosses2023-06-0501367547core:NetGoodwill2022-06-0501367547core:IntangibleAssetsOtherThanGoodwill2022-06-0501367547core:LandBuildings2022-06-0501367547core:PlantMachinery2022-06-0501367547core:Vehicles2022-06-0501367547core:FurnitureFittings2022-06-0501367547core:OfficeEquipment2022-06-0501367547core:AfterOneYear2022-06-0501367547core:WithinOneYear2022-06-0501367547core:ListedExch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R.E. HUDSON (FARMS) LIMITED

Registered Number
01367547
(England and Wales)

Unaudited Financial Statements for the Year ended
5 June 2023

R.E. HUDSON (FARMS) LIMITED
Company Information
for the year from 6 June 2022 to 5 June 2023

Directors

R E Hudson
K L Hudson

Company Secretary

K L Hudson

Registered Address

Stewart House
Partney
Spilsby
PE23 4PF

Registered Number

01367547 (England and Wales)
R.E. HUDSON (FARMS) LIMITED
Balance Sheet as at
5 June 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets72,3012,182
Investments89090
2,3912,272
Current assets
Stocks9194476
Debtors1011,19912,222
Cash at bank and on hand63,08460,806
74,47773,504
Creditors amounts falling due within one year11(52,802)(50,563)
Net current assets (liabilities)21,67522,941
Total assets less current liabilities24,06625,213
Net assets24,06625,213
Capital and reserves
Called up share capital22
Profit and loss account24,06425,211
Shareholders' funds24,06625,213
The financial statements were approved and authorised for issue by the Board of Directors on 1 February 2024, and are signed on its behalf by:
K L Hudson
Director
Registered Company No. 01367547
R.E. HUDSON (FARMS) LIMITED
Notes to the Financial Statements
for the year ended 5 June 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company is farming.
4.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
5.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Land and buildings-5
Plant and machinery15-
Vehicles25-
Office Equipment15-
Stocks policy
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Leases policy
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
6.Employee information

20232022
Average number of employees during the year22
7.Property, plant and equipment

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 06 June 2247,95640,71756,7153,057148,445
Additions-640--640
Disposals-(758)--(758)
At 05 June 2347,95640,59956,7153,057148,327
Depreciation and impairment
At 06 June 2247,95638,66256,7062,939146,263
Charge for year-332218352
On disposals-(589)--(589)
At 05 June 2347,95638,40556,7082,957146,026
Net book value
At 05 June 23-2,19471002,301
At 05 June 22-2,05591182,182
8.Fixed asset investments

Other investments1

Total

££
Cost or valuation
At 06 June 229090
At 05 June 239090
Net book value
At 05 June 239090
At 05 June 229090

Notes

1Other investments other than loans
9.Stocks

2023

2022

££
Raw materials and consumables194476
Total194476
10.Debtors

2023

2022

££
Other debtors10,02211,844
Prepayments and accrued income1,177378
Total11,19912,222
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
11.Creditors within one year

2023

2022

££
Trade creditors / trade payables9231
Taxation and social security1,092434
Other creditors51,61850,098
Total52,80250,563
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.