IRIS Accounts Production v23.4.0.336 00854752 director 1.7.22 30.6.23 30.6.23 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh008547522022-06-30008547522023-06-30008547522022-07-012023-06-30008547522021-06-30008547522021-07-012022-06-30008547522022-06-3000854752ns15:EnglandWales2022-07-012023-06-3000854752ns14:PoundSterling2022-07-012023-06-3000854752ns10:Director12022-07-012023-06-3000854752ns10:PrivateLimitedCompanyLtd2022-07-012023-06-3000854752ns10:SmallEntities2022-07-012023-06-3000854752ns10:AuditExempt-NoAccountantsReport2022-07-012023-06-3000854752ns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3000854752ns10:SmallCompaniesRegimeForAccounts2022-07-012023-06-3000854752ns10:FullAccounts2022-07-012023-06-3000854752ns10:OrdinaryShareClass12022-07-012023-06-3000854752ns10:CompanySecretary12022-07-012023-06-3000854752ns10:RegisteredOffice2022-07-012023-06-3000854752ns5:CurrentFinancialInstruments2023-06-3000854752ns5:CurrentFinancialInstruments2022-06-3000854752ns5:Non-currentFinancialInstruments2023-06-3000854752ns5:Non-currentFinancialInstruments2022-06-3000854752ns5:ShareCapital2023-06-3000854752ns5:ShareCapital2022-06-3000854752ns5:CapitalRedemptionReserve2023-06-3000854752ns5:CapitalRedemptionReserve2022-06-3000854752ns5:RetainedEarningsAccumulatedLosses2023-06-3000854752ns5:RetainedEarningsAccumulatedLosses2022-06-3000854752ns5:LandBuildings2022-07-012023-06-3000854752ns5:PlantMachinery2022-07-012023-06-3000854752ns5:LandBuildings2022-06-3000854752ns5:PlantMachinery2022-06-3000854752ns5:LandBuildings2023-06-3000854752ns5:PlantMachinery2023-06-3000854752ns5:LandBuildings2022-06-3000854752ns5:PlantMachinery2022-06-3000854752ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3000854752ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-3000854752ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-06-3000854752ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-06-3000854752ns5:Secured2023-06-3000854752ns5:Secured2022-06-3000854752ns10:OrdinaryShareClass12023-06-30
REGISTERED NUMBER: 00854752 (England and Wales)















R. H. LAMYMAN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023






R. H. LAMYMAN LIMITED (REGISTERED NUMBER: 00854752)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


R. H. LAMYMAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2023







DIRECTOR: M H Lamyman MRICS



SECRETARY: M H Lamyman MRICS



REGISTERED OFFICE: Wilsford Heath Farm
Ancaster
Grantham
Lincolnshire
NG32 3QD



REGISTERED NUMBER: 00854752 (England and Wales)



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



BANKERS: HSBC Bank Plc
221 High Street
Lincoln
Lincolnshire
LN1 1TS

R. H. LAMYMAN LIMITED (REGISTERED NUMBER: 00854752)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,718,870 9,280,739

CURRENT ASSETS
Valuation 688,461 577,436
Debtors 5 6,154,931 4,722,431
Investments 6 50 50
Interest in partnership 83,390 114,440
Cash at bank 237,967 338,922
7,164,799 5,753,279
CREDITORS
Amounts falling due within one year 7 1,291,764 923,211
NET CURRENT ASSETS 5,873,035 4,830,068
TOTAL ASSETS LESS CURRENT LIABILITIES 14,591,905 14,110,807

CREDITORS
Amounts falling due after more than one year 8 (5,015,972 ) (7,288,944 )

PROVISIONS FOR LIABILITIES (158,535 ) (135,969 )
NET ASSETS 9,417,398 6,685,894

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Capital redemption reserve 4,869 4,869
Retained earnings 9,411,529 6,680,025
SHAREHOLDERS' FUNDS 9,417,398 6,685,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 February 2024 and were signed by:




M H Lamyman MRICS - Director


R. H. LAMYMAN LIMITED (REGISTERED NUMBER: 00854752)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2023

1. STATUTORY INFORMATION

R. H. Lamyman 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
Turnover represents the fair value of consideration received for net invoiced sales of produce, excluding value added tax, recognised upon despatch. Turnover also includes the basic payment, which is recognised in accordance with current H. M. Revenue & Customs guidance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 4% on cost and Nil
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Tangible fixed assets are held at cost less accumulated depreciation.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Current asset investments
The company's interest in the capital of an associated undertaking is recognised at cost less impairment. The company's share of the results of the associated undertaking is included in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 6 ) .

R. H. LAMYMAN LIMITED (REGISTERED NUMBER: 00854752)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022 9,199,048 2,703,502 11,902,550
Additions - 86,880 86,880
Disposals (443,570 ) (28,962 ) (472,532 )
At 30 June 2023 8,755,478 2,761,420 11,516,898
DEPRECIATION
At 1 July 2022 674,095 1,947,716 2,621,811
Charge for year 14,395 174,839 189,234
Eliminated on disposal - (13,017 ) (13,017 )
At 30 June 2023 688,490 2,109,538 2,798,028
NET BOOK VALUE
At 30 June 2023 8,066,988 651,882 8,718,870
At 30 June 2022 8,524,953 755,786 9,280,739

Included in cost of land and buildings is freehold land of £ 7,824,213 (2022 - £ 8,267,783 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,934,042 76,471
Other debtors 4,176,603 4,607,296
Prepayments and accrued income 44,286 38,664
6,154,931 4,722,431

6. CURRENT ASSET INVESTMENTS
2023 2022
£    £   
Unlisted investments 50 50

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 62,500 62,500
Trade creditors 151,753 130,126
Corporation tax 65,945 21,661
Social security and other taxes 5,761 4,852
Other creditors 459,648 88,438
Director's current account 84,273 84,926
Accruals and deferred income 461,884 530,708
1,291,764 923,211

R. H. LAMYMAN LIMITED (REGISTERED NUMBER: 00854752)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 2,700,000 4,762,500
Director's loan account 2,315,972 2,526,444
5,015,972 7,288,944

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 2,762,500 4,825,000

Bank loans are secured by fixed charges over certain of the company's assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000