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REGISTERED NUMBER: 05931150 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

Rhadyr Farms Limited

Rhadyr Farms Limited (Registered number: 05931150)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Rhadyr Farms Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs I D Williams
A R Williams
E J Williams
O D H Williams





SECRETARY: Mrs I D Williams





REGISTERED OFFICE: 21 Gold Tops
Newport
South Wales
NP20 4PG





REGISTERED NUMBER: 05931150 (England and Wales)





ACCOUNTANTS: Guilfoyle Sage LLP
21 Gold Tops
Newport
South Wales
NP20 4PG

Rhadyr Farms Limited (Registered number: 05931150)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 416,171 405,203
416,171 405,203

CURRENT ASSETS
Stocks 7 432,958 441,783
Debtors 8 100,431 119,721
Investments 9 72,794 72,794
Cash at bank and in hand 947 45,916
607,130 680,214
CREDITORS
Amounts falling due within one year 10 348,481 416,612
NET CURRENT ASSETS 258,649 263,602
TOTAL ASSETS LESS CURRENT
LIABILITIES

674,820

668,805

CREDITORS
Amounts falling due after more than one
year

11

(4,487

)

(31,646

)

PROVISIONS FOR LIABILITIES (71,173 ) (71,851 )
NET ASSETS 599,160 565,308

Rhadyr Farms Limited (Registered number: 05931150)

Balance Sheet - continued
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 13 120 120
Retained earnings 599,040 565,188
SHAREHOLDERS' FUNDS 599,160 565,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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 30 November 2024 and were signed on its behalf by:




Mrs I D Williams - Director A R Williams - Director




E J Williams - Director


Rhadyr Farms Limited (Registered number: 05931150)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Rhadyr 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on the going concern basis as the directors believe that the company will be able to obtain sufficient funding to secure the continued financing of the company's activities for the foreseeable future.

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.

SPS standard entitlement are being amortised evenly over their estimated useful life of five years.

Milk quota is being amortised evenly over its estimated useful life of five years.

Sps standard entitlement
Amortisation is provided at 19% on cost per annum in order to write the asset off over its estimated useful life.

Milk quota
Amortisation is provided at 19% on cost per annum in order to write the asset off over its estimated useful life.

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 etc - 10% 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.

Rhadyr Farms Limited (Registered number: 05931150)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

3. ACCOUNTING POLICIES - continued

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.

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.

4. EMPLOYEES AND DIRECTORS

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

Rhadyr Farms Limited (Registered number: 05931150)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 December 2022
and 30 November 2023 60,635
AMORTISATION
At 1 December 2022
and 30 November 2023 60,635
NET BOOK VALUE
At 30 November 2023 -
At 30 November 2022 -

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 760,526
Additions 62,401
Disposals (5,250 )
At 30 November 2023 817,677
DEPRECIATION
At 1 December 2022 355,323
Charge for year 51,432
Eliminated on disposal (5,249 )
At 30 November 2023 401,506
NET BOOK VALUE
At 30 November 2023 416,171
At 30 November 2022 405,203

Rhadyr Farms Limited (Registered number: 05931150)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

6. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 December 2022
and 30 November 2023 272,052
DEPRECIATION
At 1 December 2022 92,150
Charge for year 27,205
At 30 November 2023 119,355
NET BOOK VALUE
At 30 November 2023 152,697
At 30 November 2022 179,902

7. STOCKS
30.11.23 30.11.22
£    £   
Stocks 432,958 441,783

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 59,764 81,452
Other debtors 40,667 38,269
100,431 119,721

9. CURRENT ASSET INVESTMENTS
30.11.23 30.11.22
£    £   
First Milk 72,794 72,794

Rhadyr Farms Limited (Registered number: 05931150)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 79,239 -
Hire purchase contracts 29,026 29,026
Trade creditors 85,925 109,985
Taxation and social security 8,418 39,348
Other creditors 145,873 238,253
348,481 416,612

11. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts 2,620 31,646
Other creditors 1,867 -
4,487 31,646

12. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank overdraft 79,239 -
Hire purchase contracts 31,646 60,672
110,885 60,672

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
120 Ordinary £1 120 120