Company Registration No. 10810473 (England and Wales)
Redenham Agriculture Limited
Unaudited accounts
for the year ended 31 March 2024
Redenham Agriculture Limited
Unaudited accounts
Contents
Redenham Agriculture Limited
Company Information
for the year ended 31 March 2024
Company Number
10810473 (England and Wales)
Registered Office
REDENHAM PARK HOUSE
REDENHAM PARK
ANDOVER
SP11 9AQ
ENGLAND
Accountants
GSI Accounts Ltd
8 Link Way, Oakley
Basingstoke
Hampshire
RG23 7DG
Redenham Agriculture Limited
Statement of financial position
as at 31 March 2024
Tangible assets
951,337
1,014,146
Cash at bank and in hand
(4,309)
(153,138)
Creditors: amounts falling due within one year
(268,396)
(379,218)
Net current liabilities
(236,390)
(316,332)
Total assets less current liabilities
714,997
697,864
Creditors: amounts falling due after more than one year
(987,821)
(1,097,246)
Net liabilities
(272,824)
(399,382)
Profit and loss account
(272,924)
(399,482)
Shareholders' funds
(272,824)
(399,382)
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 December 2024 and were signed on its behalf by
G J R Clark
Director
Company Registration No. 10810473
Redenham Agriculture Limited
Notes to the Accounts
for the year ended 31 March 2024
Redenham Agriculture Limited is a private company, limited by shares, registered in England and Wales, registration number 10810473. The registered office is REDENHAM PARK HOUSE, REDENHAM PARK, ANDOVER, SP11 9AQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
5% Straight Line
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Reducing Balance
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Although the going concern basis has been adopted in these accounts, its continued appropriateness is dependent upon future trading performance and the continued support of the director.
Redenham Agriculture Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
28,500
1,271,194
26,836
11,972
1,338,502
Additions
-
4,202
-
-
4,202
At 31 March 2024
28,500
1,275,396
26,836
11,972
1,342,704
At 1 April 2023
-
297,668
18,345
8,343
324,356
Charge for the year
-
63,770
2,123
1,118
67,011
At 31 March 2024
-
361,438
20,468
9,461
391,367
At 31 March 2024
28,500
913,958
6,368
2,511
951,337
At 31 March 2023
28,500
973,526
8,491
3,629
1,014,146
5
Investments
Other investments
Valuation at 1 April 2023
50
Valuation at 31 March 2024
50
Amounts falling due within one year
Trade debtors
5,991
26,178
Accrued income and prepayments
10,867
841
7
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
142,379
234,434
Obligations under finance leases and hire purchase contracts
2,414
13,324
Trade creditors
76,637
125,718
Taxes and social security
45,766
4,542
Redenham Agriculture Limited
Notes to the Accounts
for the year ended 31 March 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
1,036,722
1,097,102
Loans from directors
(48,901)
144
9
Average number of employees
During the year the average number of employees was 5 (2023: 5).