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REGISTERED NUMBER: 08222560 (England and Wales)















RHYDIMOOR FARMS LIMITED

FINANCIAL STATEMENTS

FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024






RHYDIMOOR FARMS LIMITED (REGISTERED NUMBER: 08222560)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RHYDIMOOR FARMS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024







DIRECTORS: Y S Thomas
A Thomas
L R Thomas





REGISTERED OFFICE: Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU





REGISTERED NUMBER: 08222560 (England and Wales)





ACCOUNTANTS: Green & Co
Chartered Certified Accountants
Pembroke House
Llantarnam Park Way
Cwmbran
Torfaen
NP44 3AU

RHYDIMOOR FARMS LIMITED (REGISTERED NUMBER: 08222560)

BALANCE SHEET
31ST MARCH 2024

2024 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 243,503 248,305
243,503 248,305

CURRENT ASSETS
Stocks - 67,495
Debtors 6 132,588 144,015
Cash at bank 95,360 156,292
227,948 367,802
CREDITORS
Amounts falling due within one year 7 87,060 156,528
NET CURRENT ASSETS 140,888 211,274
TOTAL ASSETS LESS CURRENT
LIABILITIES

384,391

459,579

CREDITORS
Amounts falling due after more than one
year

8

(13,333

)

(25,833

)

PROVISIONS FOR LIABILITIES (59,888 ) (46,367 )
NET ASSETS 311,170 387,379

RHYDIMOOR FARMS LIMITED (REGISTERED NUMBER: 08222560)

BALANCE SHEET - continued
31ST MARCH 2024

2024 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 120 120
Retained earnings 311,050 387,259
SHAREHOLDERS' FUNDS 311,170 387,379

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31st March 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.

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 Profit and Loss has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th September 2024 and were signed on its behalf by:





Y S Thomas - Director


RHYDIMOOR FARMS LIMITED (REGISTERED NUMBER: 08222560)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024

1. STATUTORY INFORMATION

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss, 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.


RHYDIMOOR FARMS LIMITED (REGISTERED NUMBER: 08222560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 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 period 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.

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 estimated useful lives or the lease term, whichever is the shorter.

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

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1st January 2023
and 31st March 2024 20,000
AMORTISATION
At 1st January 2023
and 31st March 2024 20,000
NET BOOK VALUE
At 31st March 2024 -
At 31st December 2022 -

RHYDIMOOR FARMS LIMITED (REGISTERED NUMBER: 08222560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1st January 2023 63,040 740,520 37,037 840,597
Additions - 56,808 - 56,808
At 31st March 2024 63,040 797,328 37,037 897,405
DEPRECIATION
At 1st January 2023 - 572,714 19,578 592,292
Charge for period - 56,154 5,456 61,610
At 31st March 2024 - 628,868 25,034 653,902
NET BOOK VALUE
At 31st March 2024 63,040 168,460 12,003 243,503
At 31st December 2022 63,040 167,806 17,459 248,305

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1st January 2023
and 31st March 2024 29,500
DEPRECIATION
At 1st January 2023 14,396
Charge for period 3,021
At 31st March 2024 17,417
NET BOOK VALUE
At 31st March 2024 12,083
At 31st December 2022 15,104

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Trade debtors 115,849 120,972
VAT 16,739 23,043
132,588 144,015

RHYDIMOOR FARMS LIMITED (REGISTERED NUMBER: 08222560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1ST JANUARY 2023 TO 31ST MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts - 5,575
Trade creditors 76,423 109,301
Corporation Tax - 30,550
Social security and other taxes 156 514
Directors' loan accounts 481 588
87,060 156,528

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2022
£    £   
Bank loans - more than 1 year 13,333 25,833

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2022
value: £    £   
100 Ordinary £1 100 100
10 Ordinary B £1 10 10
10 Ordinary C £1 10 10
120 120

10. RELATED PARTY DISCLOSURES

As at 31st March 2024 the company owed £480 to E C & Y S Thomas. (2022 - £588).