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Registration number: 13725603

Rookery Farm (Green Ore) Ltd

Unaudited Abridged Financial Statements

for the Year Ended 29 February 2024

 

Rookery Farm (Green Ore) Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 8

 

Rookery Farm (Green Ore) Ltd

Company Information

Director

Mr J Jones-Pratt

Registered office

34 Boulevard
Weston-super-Mare
North Somerset
BS23 1NF

Accountants

Four Fifty Partnership
Chartered Accountants
34 Boulevard
Weston-super-Mare
North Somerset
BS23 1NF

 

Rookery Farm (Green Ore) Ltd

(Registration number: 13725603)
Abridged Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,098,868

1,123,496

Current assets

 

Stocks

5

-

4,500

Debtors

6

880

-

Cash at bank and in hand

 

62

4,912

 

942

9,412

Prepayments and accrued income

 

940

1,963

Creditors: Amounts falling due within one year

(1,194,688)

(1,193,236)

Net current liabilities

 

(1,192,806)

(1,181,861)

Total assets less current liabilities

 

(93,938)

(58,365)

Accruals and deferred income

 

(2,000)

(1,000)

Net liabilities

 

(95,938)

(59,365)

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

(96,038)

(59,465)

Shareholders' deficit

 

(95,938)

(59,365)

For the financial year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Rookery Farm (Green Ore) Ltd

(Registration number: 13725603)
Abridged Balance Sheet as at 29 February 2024

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.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 November 2024
 

.........................................
Mr J Jones-Pratt
Director

 

Rookery Farm (Green Ore) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 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:
34 Boulevard
Weston-super-Mare
North Somerset
BS23 1NF
United Kingdom

The principal place of business is:
Rookery Farm
Green Ore
Wells
BA5 3ES

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 abridged 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 abridged 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 Pound Sterling (£).

 

Rookery Farm (Green Ore) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

2

Accounting policies (continued)

Going concern

The financial statements have been prepared on a going concern basis, which assumes that the Company will remain in operational existing for the foreseeable future.

The Company has acquired and started trading the property known as Rookery Farm. The Company's parent undertaking and the directors of the parent undertaking have agreed not to remove its financial support until such time as the Company can repay the intercompany loan.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of 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.

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

Freehold property

50 years straight line

Motor vehicles

25% reducing balance

Plant and machinery

4 years straight line

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.

 

Rookery Farm (Green Ore) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

2

Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. 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 sell. Cost is determined using the actual 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Rookery Farm (Green Ore) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Total
£

Cost or valuation

At 1 March 2023

1,153,025

Additions

3,931

At 29 February 2024

1,156,956

Depreciation

At 1 March 2023

29,529

Charge for the year

28,559

At 29 February 2024

58,088

Carrying amount

At 29 February 2024

1,098,868

At 28 February 2023

1,123,496

Included within the net book value of land and buildings above is £1,081,375 (2023 - £1,102,403) in respect of freehold land and buildings.
 

5

Stocks

2024
£

2023
£

Animals

-

4,500

6

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

7

Share capital

Allotted, called up and fully paid shares

 

Rookery Farm (Green Ore) Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

7

Share capital (continued)

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

8

Parent and ultimate parent undertaking

The company's immediate parent is J J P Holdings (South West) Limited, incorporated in England and Wales.

 The ultimate controlling party is J Jones-Pratt.