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REGISTERED NUMBER: 02568901 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Rogers Farm Limited

Rogers Farm Limited (Registered number: 02568901)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


Rogers Farm Limited (Registered number: 02568901)

Balance Sheet
31 January 2024

2024 2023
Notes £ £
Fixed assets
Investments 4 218,123 218,123
Investment property 5 457,862 457,862
675,985 675,985

Current assets
Debtors 6 7,227 6,982
Cash at bank and in hand 104,471 104,548
111,698 111,530
Creditors
Amounts falling due within one year 7 (14,986 ) (15,651 )
Net current assets 96,712 95,879
Total assets less current liabilities 772,697 771,864

Capital and reserves
Called up share capital 45,000 45,000
Retained earnings 727,697 726,864
Shareholders' funds 772,697 771,864

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

Rogers Farm Limited (Registered number: 02568901)

Balance Sheet - continued
31 January 2024


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 Board of Directors and authorised for issue on 7 August 2024 and were signed on its behalf by:





Mr D Perkins - Director


Rogers Farm Limited (Registered number: 02568901)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. Statement of compliance

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.

2. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Rogers Farm Limited (Registered number: 02568901)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


2. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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 balance sheet date.


Rogers Farm Limited (Registered number: 02568901)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. Employees and directors

The average number of employees during the year was 3 (2023 - 3 ) .

4. Fixed asset investments

2024 2023
£ £
Shares in group undertakings 205,000 205,000
Other investments not loans 13,123 13,123
218,123 218,123

Additional information is as follows:
Shares in
group
undertakings
£
Cost
At 1 February 2023
and 31 January 2024 205,000
Net book value
At 31 January 2024 205,000
At 31 January 2023 205,000

Investments (neither listed nor unlisted) were as follows:
2024 2023
£ £
Managed portfolios 13,123 13,123

Rogers Farm Limited (Registered number: 02568901)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


5. Investment property
Total
£
Cost
At 1 February 2023
and 31 January 2024 457,862
Net book value
At 31 January 2024 457,862
At 31 January 2023 457,862

The investment properties are held by the company for use in operating leases.

6. Debtors: amounts falling due within one year
2024 2023
£ £
Amounts owed by group undertakings 5,825 5,825
Other debtors 1,402 1,157
7,227 6,982

7. Creditors: amounts falling due within one year
2024 2023
£ £
Taxation and social security 3,565 2,430
Other creditors 11,421 13,221
14,986 15,651

8. Related party disclosures

Rogers Farm Limited is the parent company of TUD Developments Limited, a company under the control of the directors. At the year end Rogers Farm Limited was owed £5,825 from TUD Developments Limited (2023: £5,825).

At the year end £5,421 was owed to the directors.

9. Ultimate controlling party

The company was controlled jointly by Mr D Perkins and Mrs J A Perkins throughout the whole year.