Rentacherrytree Limited 07994734 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the rental of cherry trees, and the sale of cherries and other associated products Digita Accounts Production Advanced 6.30.9574.0 true true 07994734 2023-04-01 2024-03-31 07994734 2024-03-31 07994734 core:RetainedEarningsAccumulatedLosses 2024-03-31 07994734 core:ShareCapital 2024-03-31 07994734 core:CurrentFinancialInstruments 2024-03-31 07994734 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07994734 core:Non-currentFinancialInstruments 2024-03-31 07994734 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 07994734 core:FurnitureFittingsToolsEquipment 2024-03-31 07994734 core:LandBuildings 2024-03-31 07994734 core:MotorVehicles 2024-03-31 07994734 core:OtherPropertyPlantEquipment 2024-03-31 07994734 bus:SmallEntities 2023-04-01 2024-03-31 07994734 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07994734 bus:FilletedAccounts 2023-04-01 2024-03-31 07994734 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07994734 bus:RegisteredOffice 2023-04-01 2024-03-31 07994734 bus:Director1 2023-04-01 2024-03-31 07994734 bus:Director2 2023-04-01 2024-03-31 07994734 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07994734 core:Buildings 2023-04-01 2024-03-31 07994734 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 07994734 core:LandBuildings 2023-04-01 2024-03-31 07994734 core:MotorVehicles 2023-04-01 2024-03-31 07994734 core:OfficeEquipment 2023-04-01 2024-03-31 07994734 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 07994734 core:PlantMachinery 2023-04-01 2024-03-31 07994734 countries:EnglandWales 2023-04-01 2024-03-31 07994734 2023-03-31 07994734 core:FurnitureFittingsToolsEquipment 2023-03-31 07994734 core:LandBuildings 2023-03-31 07994734 core:MotorVehicles 2023-03-31 07994734 core:OtherPropertyPlantEquipment 2023-03-31 07994734 2022-04-01 2023-03-31 07994734 2023-03-31 07994734 core:RetainedEarningsAccumulatedLosses 2023-03-31 07994734 core:ShareCapital 2023-03-31 07994734 core:CurrentFinancialInstruments 2023-03-31 07994734 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 07994734 core:Non-currentFinancialInstruments 2023-03-31 07994734 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 07994734 core:FurnitureFittingsToolsEquipment 2023-03-31 07994734 core:LandBuildings 2023-03-31 07994734 core:MotorVehicles 2023-03-31 07994734 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 07994734

Rentacherrytree Limited

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Rentacherrytree Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Rentacherrytree Limited

Company Information

Directors

M F Dallaway

Mrs R A Greening

Registered office

Cooks Yard Farm
New Road
Northiam
Rye
East Sussex
TN31 6HS

Accountants

Manningtons
Chartered Accountants
39 High Street
Battle
East Sussex
TN33 0EE

 

Rentacherrytree Limited

(Registration number: 07994734)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

159,733

146,177

Current assets

 

Stocks

5

28,477

27,709

Debtors

6

7,984

682

Cash at bank and in hand

 

218,675

259,970

 

255,136

288,361

Creditors: Amounts falling due within one year

7

(31,961)

(109,066)

Net current assets

 

223,175

179,295

Total assets less current liabilities

 

382,908

325,472

Creditors: Amounts falling due after more than one year

7

(28,704)

(34,259)

Provisions for liabilities

(34,146)

(26,940)

Net assets

 

320,058

264,273

Capital and reserves

 

Called up share capital

10

10

Retained earnings

320,048

264,263

Shareholders' funds

 

320,058

264,273

For the financial year ending 31 March 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.

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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 October 2024 and signed on its behalf by:
 

 

Rentacherrytree Limited

(Registration number: 07994734)
Balance Sheet as at 31 March 2024

.........................................
M F Dallaway
Director

 

Rentacherrytree Limited

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

1

General information

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

The address of its registered office is:
Cooks Yard Farm
New Road
Northiam
Rye
East Sussex
TN31 6HS

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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 pick your own cherry trees, sale of cherries and other associated products, and services provided by way of cherry related contract work undertaken, 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.

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.

 

Rentacherrytree Limited

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

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

Toilet block

5% straight line basis

Motor vehicles

25% reducing balance basis

Farm machinery and equipment

25% reducing balance basis

Crop protection equipment

10% reducing balance basis

Office fittings and equipment

25% reducing balance basis

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.

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

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

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.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Rentacherrytree Limited

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

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

 

Rentacherrytree Limited

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

4

Tangible assets

Toilet block
£

Office fittings and equipment
 £

Motor vehicles
 £

Farm machinery and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

7,188

4,435

48,805

225,364

285,792

Additions

-

-

27,685

18,631

46,316

At 31 March 2024

7,188

4,435

76,490

243,995

332,108

Depreciation

At 1 April 2023

3,949

3,103

40,758

91,806

139,616

Charge for the year

359

334

8,933

23,133

32,759

At 31 March 2024

4,308

3,437

49,691

114,939

172,375

Carrying amount

At 31 March 2024

2,880

998

26,799

129,056

159,733

At 31 March 2023

3,239

1,333

8,047

133,558

146,177

 

Rentacherrytree Limited

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

5

Stocks

2024
£

2023
£

Cherry trees, juice, ice cream and alcoholic products

28,477

27,709

6

Debtors

2024
£

2023
£

Prepayments

2,898

682

Other debtors

5,086

-

7,984

682

 

Rentacherrytree Limited

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Bank loans and overdrafts

8

5,556

5,555

Trade creditors

 

1,783

3,398

Taxation and social security

 

20,095

21,958

Accruals and deferred income

 

3,435

2,800

Other creditors

 

192

4,055

Directors' loan accounts

 

900

71,300

 

31,961

109,066

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

28,704

34,259


Creditors include bank loans repayable by instalments of £6,481 (2023 - £12,037) due after more than five years.

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

28,704

34,259

Current loans and borrowings

2024
£

2023
£

Bank borrowings

5,556

5,555