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REGISTERED NUMBER: 03312941 (England and Wales)















R. Edwards & Sons (1997) Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






R. Edwards & Sons (1997) Limited (Registered number: 03312941)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


R. Edwards & Sons (1997) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: H B Farr
Miss L E Farr



REGISTERED OFFICE: 68 Ferndale Road
Swindon
Wiltshire
SN2 1EX



REGISTERED NUMBER: 03312941 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Lloyds Bank plc
5 High Street
Swindon
Wiltshire
SN1 3EN

R. Edwards & Sons (1997) Limited (Registered number: 03312941)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 525,000 525,000
525,000 525,000

CURRENT ASSETS
Cash at bank 2,678 436

CREDITORS
Amounts falling due within one year 7 91,141 82,436
NET CURRENT LIABILITIES (88,463 ) (82,000 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

436,537

443,000

CAPITAL AND RESERVES
Called up share capital 6,008 6,008
Share premium 489,000 489,000
Freehold land revaluation
reserve 8 27,650 27,650
Retained earnings (86,121 ) (79,658 )
SHAREHOLDERS' FUNDS 436,537 443,000

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.

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 Comprehensive Income has not been delivered.

R. Edwards & Sons (1997) Limited (Registered number: 03312941)

Statement of Financial Position - continued
31 March 2024



The financial statements were approved by the Board of Directors and authorised for issue on 6 September 2024 and were signed on its behalf by:





H B Farr - Director


R. Edwards & Sons (1997) Limited (Registered number: 03312941)

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

1. STATUTORY INFORMATION

R. Edwards & Sons (1997) 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. 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced sales of services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 1997, has been written off over its estimated useful life of five years.

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.

Investment properties
Investment property consisting solely of land is included within the financial statements at fair value. Where applicable, gains and losses in relation to this value are recognised within the income statement and held within a separate, non-distributable reserve.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

R. Edwards & Sons (1997) Limited (Registered number: 03312941)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

5. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 101
AMORTISATION
At 1 April 2023
and 31 March 2024 101
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

6. TANGIBLE FIXED ASSETS
Freehold
land
£   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 525,000
NET BOOK VALUE
At 31 March 2024 525,000
At 31 March 2023 525,000

The freehold land was acquired as an investment.

Cost or valuation at 31 March 2024 is represented by:

Freehold
land
£   
Valuation in 2020 525,000

If freehold land had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 497,350 497,350

Freehold land was valued on an open market basis on 7 November 2018 by Lambert Smith Hampton .

R. Edwards & Sons (1997) Limited (Registered number: 03312941)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 91,141 82,436

8. RESERVES
Freehold
land
revaluation
reserve
£   
At 1 April 2023
and 31 March 2024 27,650

9. CONTINGENT LIABILITIES

The directors and other parties engaged by the company have incurred considerable management time on behalf of the company over many years for which no formal claim has yet been made, totalling £422,955; in addition the directors have incurred legal fees relating to the conduct of the company of £11,317 for which no formal claim has yet been made.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is H B Farr, L E Farr and a member of their close family.

The company was controlled throughout the current and previous periods by its directors, H B Farr, L E Farr and a member of their close family, by virtue of the fact that between them they own all the issued share capital of the company.