R & L Holt Limited 04807406 false 2023-02-01 2024-01-31 2024-01-31 The principal activity of the company is tomato production Digita Accounts Production Advanced 6.30.9574.0 true true 04807406 2023-02-01 2024-01-31 04807406 2024-01-31 04807406 bus:OrdinaryShareClass1 2024-01-31 04807406 bus:OrdinaryShareClass2 2024-01-31 04807406 core:RetainedEarningsAccumulatedLosses 2024-01-31 04807406 core:RevaluationReserve 2024-01-31 04807406 core:ShareCapital 2024-01-31 04807406 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 04807406 core:Non-currentFinancialInstruments 2024-01-31 04807406 core:Non-currentFinancialInstruments core:AfterOneYear 2024-01-31 04807406 core:FurnitureFittings 2024-01-31 04807406 core:LandBuildings core:OwnedOrFreeholdAssets 2024-01-31 04807406 core:MotorVehicles 2024-01-31 04807406 core:OfficeEquipment 2024-01-31 04807406 core:OtherPropertyPlantEquipment 2024-01-31 04807406 bus:SmallEntities 2023-02-01 2024-01-31 04807406 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 04807406 bus:FullAccounts 2023-02-01 2024-01-31 04807406 bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 04807406 bus:RegisteredOffice 2023-02-01 2024-01-31 04807406 bus:CompanySecretary1 2023-02-01 2024-01-31 04807406 bus:Director1 2023-02-01 2024-01-31 04807406 bus:Director2 2023-02-01 2024-01-31 04807406 bus:Director3 2023-02-01 2024-01-31 04807406 bus:Director4 2023-02-01 2024-01-31 04807406 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 04807406 bus:OrdinaryShareClass2 2023-02-01 2024-01-31 04807406 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04807406 bus:Agent1 2023-02-01 2024-01-31 04807406 core:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 04807406 core:RevaluationReserve 2023-02-01 2024-01-31 04807406 core:ShareCapital 2023-02-01 2024-01-31 04807406 core:FurnitureFittings 2023-02-01 2024-01-31 04807406 core:Land 2023-02-01 2024-01-31 04807406 core:LandBuildings core:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 04807406 core:MotorVehicles 2023-02-01 2024-01-31 04807406 core:OfficeEquipment 2023-02-01 2024-01-31 04807406 core:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 04807406 core:PlantMachinery 2023-02-01 2024-01-31 04807406 countries:England 2023-02-01 2024-01-31 04807406 2023-01-31 04807406 core:RetainedEarningsAccumulatedLosses 2023-01-31 04807406 core:RevaluationReserve 2023-01-31 04807406 core:ShareCapital 2023-01-31 04807406 core:FurnitureFittings 2023-01-31 04807406 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-31 04807406 core:MotorVehicles 2023-01-31 04807406 core:OfficeEquipment 2023-01-31 04807406 core:OtherPropertyPlantEquipment 2023-01-31 04807406 2022-02-01 2023-01-31 04807406 2023-01-31 04807406 bus:OrdinaryShareClass1 2023-01-31 04807406 bus:OrdinaryShareClass2 2023-01-31 04807406 core:RetainedEarningsAccumulatedLosses 2023-01-31 04807406 core:RevaluationReserve 2023-01-31 04807406 core:ShareCapital 2023-01-31 04807406 core:CurrentFinancialInstruments core:WithinOneYear 2023-01-31 04807406 core:Non-currentFinancialInstruments 2023-01-31 04807406 core:Non-currentFinancialInstruments core:AfterOneYear 2023-01-31 04807406 core:FurnitureFittings 2023-01-31 04807406 core:LandBuildings core:OwnedOrFreeholdAssets 2023-01-31 04807406 core:MotorVehicles 2023-01-31 04807406 core:OfficeEquipment 2023-01-31 04807406 core:OtherPropertyPlantEquipment 2023-01-31 04807406 core:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 04807406 core:RevaluationReserve 2022-02-01 2023-01-31 04807406 core:ShareCapital 2022-02-01 2023-01-31 04807406 2022-01-31 04807406 core:RetainedEarningsAccumulatedLosses 2022-01-31 04807406 core:RevaluationReserve 2022-01-31 04807406 core:ShareCapital 2022-01-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04807406

R & L Holt Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2024

 

R & L Holt Limited

Contents

Company Information

1

Directors' Report

2

Accountants' Report

3

Balance Sheet

4 to 5

Statement of Changes in Equity

6

Notes to the Unaudited Financial Statements

7 to 12

 

R & L Holt Limited

Company Information

Directors

Mrs Laura J D Holt

Mr Richard S Holt

Mr Roland E S Holt

Miss Felicity J D Holt

Company secretary

Mrs Laura J D Holt

Registered office

Sandylands Nurseries
Offenham Cross
Evesham
Worcs
WR11 8RB

Accountants

Oakleys Professional Limited
14 St. Owen Street
Hereford
HR1 2PL

 

R & L Holt Limited

Directors' Report for the Year Ended 31 January 2024

The directors present their report and the financial statements for the year ended 31 January 2024.

Directors of the company

Mrs Laura J D Holt

Mr Richard S Holt

Mr Roland E S Holt

Miss Felicity J D Holt

Principal activity

The principal activity of the company is tomato production

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the Board on 4 October 2024 and signed on its behalf by:

.........................................
Mrs Laura J D Holt
Director

.........................................
Miss Felicity J D Holt
Director

.........................................
Mr Richard S Holt
Director

.........................................
Mr Roland E S Holt
Director

     
 

Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
R & L Holt Limited
for the Year Ended 31 January 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of R & L Holt Limited for the year ended 31 January 2024 as set out on pages 4 to 12 from the company's accounting records and from information and explanations you have given us.

It is your duty to ensure that R & L Holt Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of R & L Holt Limited. You consider that R & L Holt Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of R & L Holt Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Oakleys Professional Limited
14 St. Owen Street
Hereford
HR1 2PL

4 October 2024

 

R & L Holt Limited

(Registration number: 04807406)
Balance Sheet as at 31 January 2024

Note

2024
 £

2023
 £

fixed assets

 

tangible assets

5

5,855,845

5,865,486

Current assets

 

stocks

6

896,272

737,556

Debtors

7

2,205,231

2,075,418

Cash at bank and in hand

 

319

607

 

3,101,822

2,813,581

Creditors: Amounts falling due within one year

8

(1,473,160)

(1,447,370)

Net current assets

 

1,628,662

1,366,211

Total assets less current liabilities

 

7,484,507

7,231,697

Creditors: Amounts falling due after more than one year

8

(2,664,386)

(2,959,330)

Provisions for liabilities

(20,300)

(48,545)

Net assets

 

4,799,821

4,223,822

capital and reserves

 

Called up share capital

300

300

Revaluation reserve

1,891,496

1,891,496

Profit and loss account

2,908,025

2,332,026

Total equity

 

4,799,821

4,223,822

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

R & L Holt Limited

(Registration number: 04807406)
Balance Sheet as at 31 January 2024

Approved and authorised by the Board on 4 October 2024 and signed on its behalf by:
 

.........................................
Mrs Laura J D Holt
Director

   
     
 

R & L Holt Limited

Statement of Changes in Equity for the Year Ended 31 January 2024

Share capital
£

Revaluation reserve
£

Profit and loss account
£

Total
£

At 1 February 2023

300

1,891,496

2,332,026

4,223,822

Profit for the year

-

-

575,999

575,999

Total comprehensive income

-

-

575,999

575,999

At 31 January 2024

300

1,891,496

2,908,025

4,799,821

Share capital
£

Revaluation reserve
£

Retained earnings
£

Total
£

At 1 February 2022

300

1,891,496

2,215,414

4,107,210

Profit for the year

-

-

116,612

116,612

At 31 January 2023

300

1,891,496

2,332,026

4,223,822

 

R & L Holt Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Sandylands Nurseries
Offenham Cross
Evesham
Worcs
WR11 8RB
United Kingdom

These financial statements were authorised for issue by the Board on 4 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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 taxable income.

 

R & L Holt Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor vehicles

25% reducing balance

Fixtures and fittings

25% reducing balance

Plant and machinery

25% & 5% reducing balance

Glasshouses

5% reducing balance

Solar panels

5% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

The directors have chosen the fair value model basis for the valuation of biological assets under FRS 102.

 

R & L Holt Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 39 (2023 - 38).

4

Profit/loss before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

18,190

19,147

 

R & L Holt Limited

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

5

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Office equipment
£

Motor vehicles
 £

Other tangible assets
 £

Total
£

Cost or valuation

At 1 February 2023

6,928,454

331,537

700,018

84,096

529,493

8,573,598

Additions

67,856

2,119

11,500

-

205,185

286,660

Disposals

-

-

-

(26,052)

(19,423)

(45,475)

At 31 January 2024

6,996,310

333,656

711,518

58,044

715,255

8,814,783

Depreciation

At 1 February 2023

1,898,745

142,836

198,680

50,084

417,767

2,708,112

Charge for the year

148,517

47,706

22,347

8,014

63,152

289,736

Eliminated on disposal

-

-

-

(24,096)

(14,814)

(38,910)

At 31 January 2024

2,047,262

190,542

221,027

34,002

466,105

2,958,938

Carrying amount

At 31 January 2024

4,949,048

143,114

490,491

24,042

249,150

5,855,845

At 31 January 2023

5,029,709

188,701

501,338

34,012

111,726

5,865,486

Included within the net book value of land and buildings above is £4,949,048 (2023 - £5,029,709) in respect of freehold land and buildings.
 

 

R & L Holt Limited

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

6

Stocks

2024
£

2023
£

Raw materials and consumables

896,272

737,556

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

543,042

541,068

Amounts owed by related parties

1,603,461

1,523,658

Prepayments

 

58,728

10,692

   

2,205,231

2,075,418

 

R & L Holt Limited

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

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

trade creditors

206,147

286,834

Other creditors

1,267,013

1,160,536

1,473,160

1,447,370

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

10

2,664,386

2,959,330

9

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

Ordinary 'A' shares of £1 each

200

200

200

200

 

300

300

300

300

10

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

2,664,386

2,959,330