Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312023-02-01falseNo description of principal activity56falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 09415302 2023-02-01 2024-01-31 09415302 2022-02-01 2023-01-31 09415302 2024-01-31 09415302 2023-01-31 09415302 c:Director3 2023-02-01 2024-01-31 09415302 c:Director5 2023-02-01 2024-01-31 09415302 d:PlantMachinery 2023-02-01 2024-01-31 09415302 d:PlantMachinery 2024-01-31 09415302 d:PlantMachinery 2023-01-31 09415302 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09415302 d:MotorVehicles 2023-02-01 2024-01-31 09415302 d:OfficeEquipment 2023-02-01 2024-01-31 09415302 d:OfficeEquipment 2024-01-31 09415302 d:OfficeEquipment 2023-01-31 09415302 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09415302 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 09415302 d:CurrentFinancialInstruments 2024-01-31 09415302 d:CurrentFinancialInstruments 2023-01-31 09415302 d:Non-currentFinancialInstruments 2024-01-31 09415302 d:Non-currentFinancialInstruments 2023-01-31 09415302 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 09415302 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 09415302 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 09415302 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 09415302 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-01-31 09415302 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-01-31 09415302 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-01-31 09415302 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-01-31 09415302 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-01-31 09415302 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-01-31 09415302 d:ShareCapital 2024-01-31 09415302 d:ShareCapital 2023-01-31 09415302 d:RetainedEarningsAccumulatedLosses 2024-01-31 09415302 d:RetainedEarningsAccumulatedLosses 2023-01-31 09415302 c:FRS102 2023-02-01 2024-01-31 09415302 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 09415302 c:FullAccounts 2023-02-01 2024-01-31 09415302 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 09415302 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 09415302 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 09415302 2 2023-02-01 2024-01-31 09415302 6 2023-02-01 2024-01-31 09415302 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Registered number: 09415302














R J V FARMING LIMITED


UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

 
R J V FARMING LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 9


 
R J V FARMING LIMITED
REGISTERED NUMBER: 09415302

STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
5,197
5,774

Investments
 5 
50
50

  
5,247
5,824

Current assets
  

Debtors: amounts falling due within one year
 6 
272,678
292,985

Cash at bank and in hand
  
6,373
8,791

  
279,051
301,776

Creditors: amounts falling due within one year
 7 
(19,491)
(26,353)

Net current assets
  
 
 
259,560
 
 
275,423

Total assets less current liabilities
  
264,807
281,247

Creditors: amounts falling due after more than one year
 8 
(259,675)
(275,844)

Provisions for liabilities
  

Deferred tax
 10 
(987)
(1,097)

  
 
 
(987)
 
 
(1,097)

Net assets
  
4,145
4,306


Capital and reserves
  

Called up share capital 
  
6
6

Profit and loss account
  
4,139
4,300

  
4,145
4,306


Page 1

 
R J V FARMING LIMITED
REGISTERED NUMBER: 09415302
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
R Gay
................................................
C R Waters
Director
Director


Date: 9 August 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
R J V FARMING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


General information

RJV Farming Limited is a private limited company limited by shares and incorporated in England and Wales, registration number 09415302. The registered office is Church Farm, Mautby, Great Yarmouth, Norfolk, NR29 3JA.  

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

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. 

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
R J V FARMING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery - Tractors
-
20% Reducing balance
Plant and machinery - Implements
-
10% Reducing balance
Office equipment
-
25% Straight line

 
2.7

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Income Statement for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Page 4

 
R J V FARMING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

2024
2023
£
£

Wages and salaries
-
38,142

-
38,142


The average monthly number of employees, including directors, during the year was 5 (2023 - 6).

Page 5

 
R J V FARMING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Plant and machinery
Office equipment
Total

£
£
£



Cost or valuation


At 1 February 2023
10,800
501
11,301



At 31 January 2024

10,800
501
11,301



Depreciation


At 1 February 2023
5,026
501
5,527


Charge for the year on owned assets
577
-
577



At 31 January 2024

5,603
501
6,104



Net book value



At 31 January 2024
5,197
-
5,197



At 31 January 2023
5,774
-
5,774

Page 6

 
R J V FARMING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


At 1 February 2023
50



At 31 January 2024
50





6.


Debtors

2024
2023
£
£


Trade debtors
1,536
1,536

Other debtors
271,142
291,449

272,678
292,985



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
15,146
14,640

Trade creditors
-
4,500

Corporation tax
72
438

Other taxation and social security
1,041
-

Accruals and deferred income
3,232
6,775

19,491
26,353


Page 7

 
R J V FARMING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
259,675
275,844

259,675
275,844





9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
15,146
14,640


15,146
14,640

Amounts falling due 1-2 years

Bank loans
16,116
15,533


16,116
15,533

Amounts falling due 2-5 years

Bank loans
54,175
51,960


54,175
51,960

Amounts falling due after more than 5 years

Bank loans
189,384
208,351

189,384
208,351

274,821
290,484


Page 8

 
R J V FARMING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

10.


Deferred taxation




2024


£






At beginning of year
(1,097)


Charged to profit or loss
110



At end of year
(987)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fixed asset timing differences
(987)
(1,097)

(987)
(1,097)


11.


Related party transactions

During the period transactions took place between RJV Farming Limited and both Waters Farms Ltd and Mautby Farms Ltd. Waters Farms Ltd is a company controlled by CR Waters, Mautby Farms Ltd is a company controlled by RD, GD & Mrs CM Gay.
The outstanding balances due from each company as at 31 January were as follows: Water Farms Ltd £135,571 (2023: due from Water Farms Ltd £145,243) Mautby Farms Ltd £135,571 (2023: due from Mautby Farms Ltd  £145,833).

Page 9