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REGISTERED NUMBER: 05669402 (England and Wales)
























RADLEY GREEN FARM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






RADLEY GREEN FARM LIMITED (REGISTERED NUMBER: 05669402)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


RADLEY GREEN FARM LIMITED (REGISTERED NUMBER: 05669402)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,646 16,855
Investments 5 5,535,583 5,304,074
5,557,229 5,320,929

CURRENT ASSETS
Stocks - 4,422
Debtors 6 338,883 440,004
Cash at bank 539,346 614,671
878,229 1,059,097
CREDITORS
Amounts falling due within one year 7 2,014,504 2,047,142
NET CURRENT LIABILITIES (1,136,275 ) (988,045 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,420,954 4,332,884

PROVISIONS FOR LIABILITIES 888,700 634,627
NET ASSETS 3,532,254 3,698,257

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 3,531,254 3,697,257
3,532,254 3,698,257

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

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

RADLEY GREEN FARM LIMITED (REGISTERED NUMBER: 05669402)

BALANCE SHEET - continued
31 MARCH 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 Profit and Loss Accounts has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 October 2024 and were signed on its behalf by:





Miss C A Moody - Director


RADLEY GREEN FARM LIMITED (REGISTERED NUMBER: 05669402)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Radley Green Farm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05669402

Registered office: The Old Dairy
Radley Green Farm
Radley Green
Ingatestone
Essex
CM4 0LU

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The company is a subsidiary subject to the small companies regime. The company and its parent comprise a small group. The company is therefore not required to and has not chosen to prepare group accounts

Turnover
Turnover comprises of both farming the land owned and the value of rent receivable on investment properties in the normal course of business.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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 Profit and Loss Accounts, 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.


RADLEY GREEN FARM LIMITED (REGISTERED NUMBER: 05669402)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 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 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.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

RADLEY GREEN FARM LIMITED (REGISTERED NUMBER: 05669402)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 56,671
Additions 10,660
At 31 March 2024 67,331
DEPRECIATION
At 1 April 2023 39,816
Charge for year 5,869
At 31 March 2024 45,685
NET BOOK VALUE
At 31 March 2024 21,646
At 31 March 2023 16,855

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 5,304,074
Revaluations 231,509
At 31 March 2024 5,535,583
NET BOOK VALUE
At 31 March 2024 5,535,583
At 31 March 2023 5,304,074

Historical cost
At 1 April 20231,980,785
At 31 March 20241,980,785

The properties and land were revalued by Fenn Wright in June 2024.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 105,982 108,190
Other debtors 232,901 331,814
338,883 440,004

RADLEY GREEN FARM LIMITED (REGISTERED NUMBER: 05669402)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 9,009 12,497
Amounts owed to group undertakings 1,948,354 1,948,354
Taxation and social security - 13,281
Other creditors 57,141 73,010
2,014,504 2,047,142

8. RELATED PARTY DISCLOSURES

At the year end the company had an interest free loan from Donald Moody Investments and Developments Limited of £1,948,354 (2023:£1,948,354).

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Donald Moody Investments and Developments Limited, although the directors consider that the company's ultimate controlling party is the D A Moody 1986 Accumulation Settlement for A E Moody.