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REGISTERED NUMBER: 00794264 (England and Wales)












RINGDEN FARM LIMITED

Unaudited Financial Statements

for the Year Ended 30 June 2024






RINGDEN FARM LIMITED (REGISTERED NUMBER: 00794264)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


RINGDEN FARM LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs L Dench
Mr J Dench
Mr N P D Dench





SECRETARY: Mrs L Dench





REGISTERED OFFICE: The Old Mill, Kings Mill
Kings Mill Lane
South Nutfield
Surrey
RH1 5NB





REGISTERED NUMBER: 00794264 (England and Wales)





ACCOUNTANTS: The Bailey Partnership
Chartered Accountants
The Old Mill, Kings Mill
Kings Mill Lane
South Nutfield
Surrey
RH1 5NB

RINGDEN FARM LIMITED (REGISTERED NUMBER: 00794264)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 377,865 412,590

CURRENT ASSETS
Stocks 5 118,687 133,809
Debtors 6 188,364 206,245
Cash at bank 96,197 43,205
403,248 383,259
CREDITORS
Amounts falling due within one year 7 434,589 483,824
NET CURRENT LIABILITIES (31,341 ) (100,565 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

346,524

312,025

CAPITAL AND RESERVES
Called up share capital 9 200 200
Share premium 10 19,900 19,900
Retained earnings 10 326,424 291,925
SHAREHOLDERS' FUNDS 346,524 312,025

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 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 29 September 2024 and were signed on its behalf by:





Mrs L Dench - Director


RINGDEN FARM LIMITED (REGISTERED NUMBER: 00794264)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Ringden Farm 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Fixed assets do not require replacement of parts or the cost of major inspections to be recognised separately.

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 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.

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.

Holiday pay
No liability is recognised in respect of holiday pay as employees are unable to carry forward holiday into future periods.

RINGDEN FARM LIMITED (REGISTERED NUMBER: 00794264)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 12 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 July 2023 338,665 771,320 76,060
Additions - 20,726 284
At 30 June 2024 338,665 792,046 76,344
DEPRECIATION
At 1 July 2023 120,892 636,126 48,336
Charge for year 21,778 38,980 7,002
At 30 June 2024 142,670 675,106 55,338
NET BOOK VALUE
At 30 June 2024 195,995 116,940 21,006
At 30 June 2023 217,773 135,194 27,724

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 84,765 5,688 1,276,498
Additions 25,995 672 47,677
At 30 June 2024 110,760 6,360 1,324,175
DEPRECIATION
At 1 July 2023 54,213 4,341 863,908
Charge for year 14,137 505 82,402
At 30 June 2024 68,350 4,846 946,310
NET BOOK VALUE
At 30 June 2024 42,410 1,514 377,865
At 30 June 2023 30,552 1,347 412,590

5. STOCKS
2024 2023
£    £   
Stocks 118,687 133,809

RINGDEN FARM LIMITED (REGISTERED NUMBER: 00794264)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 188,364 203,308
Prepayments and accrued income - 2,937
188,364 206,245

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 20,000 30,000
Trade creditors 20,109 29,723
Tax 19,396 15,104
Social security and other taxes 1,663 -
VAT 13,377 9,172
Other creditors 939 -
Directors' loan accounts 351,432 375,523
Accrued expenses 7,673 24,302
434,589 483,824

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 20,000 30,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary A 10p 100 100
25 Ordinary B £1 25 25
25 Ordinary C £1 25 25
25 Ordinary D £1 25 25
25 Ordinary E £1 25 25
200 200

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 July 2023 291,925 19,900 311,825
Profit for the year 34,499 34,499
At 30 June 2024 326,424 19,900 346,324