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Registered number: 00497114
Tudor Rose Farm Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
Hub Accountants Limited
Chartered Accountants
1C Fridays Court
3-5 High Street
Ringwood
Hampshire
BH24 1AB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 00497114
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 689 743
689 743
CURRENT ASSETS
Debtors 5 353,903 305,684
Cash at bank and in hand 116,318 162,012
470,221 467,696
Creditors: Amounts Falling Due Within One Year 6 (4,238 ) (5,293 )
NET CURRENT ASSETS (LIABILITIES) 465,983 462,403
TOTAL ASSETS LESS CURRENT LIABILITIES 466,672 463,146
NET ASSETS 466,672 463,146
CAPITAL AND RESERVES
Called up share capital 7 4,000 4,000
Profit and Loss Account 462,672 459,146
SHAREHOLDERS' FUNDS 466,672 463,146
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For the year ending 31 March 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Charles Pierson
Director
15th April 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Tudor Rose Farm Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00497114 . The registered office is 1C Fridays Court, 3-5 High Street, Ringwood, Hampshire, BH24 1AB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents amounts receivable for wayleaves.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Nil
Leasehold Fully depreciated
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Land & Property
Freehold Leasehold Total
£ £ £
Cost
As at 1 April 2023 743 404 1,147
Disposals (54 ) - (54 )
As at 31 March 2024 689 404 1,093
Depreciation
As at 1 April 2023 - 404 404
As at 31 March 2024 - 404 404
Net Book Value
As at 31 March 2024 689 - 689
As at 1 April 2023 743 - 743
5. Debtors
2024 2023
£ £
Due after more than one year
Amounts owed by group undertakings 353,903 305,684
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 3,738 4,793
Accruals and deferred income 500 500
4,238 5,293
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4,000 4,000
8. Related Party Transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned subsidiaries within the group.
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9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is RSCP Limited, a company incorporated in England which owns 100% of the share capital.
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