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REGISTERED NUMBER: 01984215 (England and Wales)















ROOTRIDGE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2023






ROOTRIDGE LIMITED (REGISTERED NUMBER: 01984215)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


ROOTRIDGE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2023







DIRECTORS: B J Atkinson
Mrs H A Atkinson



REGISTERED OFFICE: Dunsby House
Fen Road
Dunsby
Bourne
Lincolnshire
PE10 0UH



REGISTERED NUMBER: 01984215 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
3 Castlegate
Grantham
Lincolnshire
NG31 6SF



BANKERS: Lloyds Bank plc
65 High Street
Stamford
Lincolnshire
PE9 2AT



SOLICITORS: Roythornes Limited
Enterprise Way
Pinchbeck
Spalding
Lincs
PE11 3YR

ROOTRIDGE LIMITED (REGISTERED NUMBER: 01984215)

STATEMENT OF FINANCIAL POSITION
5 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,882,423 1,617,502
Investments 5 5,143,848 4,299,832
7,026,271 5,917,334

CURRENT ASSETS
Valuation 291,310 212,867
Debtors 6 607,940 308,191
Cash at bank 43,430 89,564
942,680 610,622
CREDITORS
Amounts falling due within one year 7 607,331 93,877
NET CURRENT ASSETS 335,349 516,745
TOTAL ASSETS LESS CURRENT LIABILITIES 7,361,620 6,434,079

CREDITORS
Amounts falling due after more than one year 8 (36,652 ) (111,898 )

PROVISIONS FOR LIABILITIES (209,868 ) (204,728 )
NET ASSETS 7,115,100 6,117,453

CAPITAL AND RESERVES
Called up share capital 10 500 500
Retained earnings 7,114,600 6,116,953
SHAREHOLDERS' FUNDS 7,115,100 6,117,453

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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.

ROOTRIDGE LIMITED (REGISTERED NUMBER: 01984215)

STATEMENT OF FINANCIAL POSITION - continued
5 APRIL 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 23 January 2024 and were signed on its behalf by:





B J Atkinson - Director


ROOTRIDGE LIMITED (REGISTERED NUMBER: 01984215)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023

1. STATUTORY INFORMATION

Rootridge 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 and basic payment
Turnover represents the fair value of consideration received for net invoiced sales of produce and contract work, excluding value added tax, as well as the company's share of the results of a farming partnership in which the company is a partner. Sales of produce are recognised on despatch and revenue from contracting is recognised on the day the work is undertaken.

The Basic Payment is recognised in the financial statements in accordance with H.M. Revenue and Customs guidance.

Tangible fixed assets
Tangible fixed assets are held at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold land and buildings - Nil
Plant & machinery - 20% Reducing balance
Motor vehicles - 20% Reducing balance

It is the company's policy to maintain its properties in a continual state of sound repair. In the case of the freehold properties, the directors consider that the lives of these properties and their residual values are such that their depreciation is not significant.

Stocks
Stocks represent the farm valuation which has been prepared by independent valuers at the lower of cost and fair value less costs to complete and sell.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

ROOTRIDGE LIMITED (REGISTERED NUMBER: 01984215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The capital element of the future repayments is treated as a liability.

Fixed asset investment
The company's interest in the capital of associated undertakings is recognised at cost less impairment, plus the accumulated amount of any undrawn profits resulting from the company's share of the results of the undertakings.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 6 April 2022 781,102 1,564,889 3,000 2,348,991
Additions 226,393 341,893 - 568,286
Disposals - (209,200 ) - (209,200 )
At 5 April 2023 1,007,495 1,697,582 3,000 2,708,077
DEPRECIATION
At 6 April 2022 - 728,975 2,514 731,489
Charge for year - 218,633 97 218,730
Eliminated on disposal - (124,565 ) - (124,565 )
At 5 April 2023 - 823,043 2,611 825,654
NET BOOK VALUE
At 5 April 2023 1,007,495 874,539 389 1,882,423
At 5 April 2022 781,102 835,914 486 1,617,502

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 6 April 2022 4,299,832
Additions 844,016
At 5 April 2023 5,143,848
NET BOOK VALUE
At 5 April 2023 5,143,848
At 5 April 2022 4,299,832

ROOTRIDGE LIMITED (REGISTERED NUMBER: 01984215)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 538,262 292,206
VAT 57,069 5,935
Prepayments and accrued income 12,609 10,050
607,940 308,191

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 56,920 38,594
Trade creditors 326,242 44,335
Tax 218,919 5,998
Accrued expenses 5,250 4,950
607,331 93,877

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 36,652 111,898

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 93,572 150,492

Hire purchase contracts are secured upon the asset to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
500 Ordinary shares £1 500 500

11. OTHER FINANCIAL COMMITMENTS

The company has the following commitments due as follows:

20232022
£ £
Due in less than one year59,76658,521
Due in more than one year22,935 -
82,70158,521