Read Hall Farmers Limited 01428851 false 2023-03-29 2024-03-27 2024-03-27 The principal activity of the company is farming. Digita Accounts Production Advanced 6.30.9574.0 true true 01428851 2023-03-29 2024-03-27 01428851 2024-03-27 01428851 bus:OrdinaryShareClass1 2024-03-27 01428851 core:CurrentFinancialInstruments 2024-03-27 01428851 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-27 01428851 core:LandBuildings 2024-03-27 01428851 core:MotorVehicles 2024-03-27 01428851 core:OtherPropertyPlantEquipment 2024-03-27 01428851 bus:SmallEntities 2023-03-29 2024-03-27 01428851 bus:AuditExemptWithAccountantsReport 2023-03-29 2024-03-27 01428851 bus:FilletedAccounts 2023-03-29 2024-03-27 01428851 bus:SmallCompaniesRegimeForAccounts 2023-03-29 2024-03-27 01428851 bus:RegisteredOffice 2023-03-29 2024-03-27 01428851 bus:Director1 2023-03-29 2024-03-27 01428851 bus:OrdinaryShareClass1 2023-03-29 2024-03-27 01428851 bus:PrivateLimitedCompanyLtd 2023-03-29 2024-03-27 01428851 core:LandBuildings 2023-03-29 2024-03-27 01428851 core:MotorVehicles 2023-03-29 2024-03-27 01428851 core:OtherPropertyPlantEquipment 2023-03-29 2024-03-27 01428851 core:PlantMachinery 2023-03-29 2024-03-27 01428851 countries:England 2023-03-29 2024-03-27 01428851 2023-03-28 01428851 core:LandBuildings 2023-03-28 01428851 core:MotorVehicles 2023-03-28 01428851 core:OtherPropertyPlantEquipment 2023-03-28 01428851 2022-03-29 2023-03-28 01428851 2023-03-28 01428851 bus:OrdinaryShareClass1 2023-03-28 01428851 core:CurrentFinancialInstruments 2023-03-28 01428851 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-28 01428851 core:LandBuildings 2023-03-28 01428851 core:MotorVehicles 2023-03-28 01428851 core:OtherPropertyPlantEquipment 2023-03-28 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01428851

Read Hall Farmers Limited

Unaudited Filleted Financial Statements

for the Period from 29 March 2023 to 27 March 2024

 

Read Hall Farmers Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Read Hall Farmers Limited

(Registration number: 01428851)
Balance Sheet as at 27 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

17,691

25,814

Current assets

 

Cash at bank and in hand

 

30,238

133

Creditors: Amounts falling due within one year

5

(16,054)

(16,330)

Net current assets/(liabilities)

 

14,184

(16,197)

Net assets

 

31,875

9,617

Capital and reserves

 

Called up share capital

6

5,000

5,000

Retained earnings

26,875

4,617

Shareholders' funds

 

31,875

9,617

For the financial period ending 27 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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.

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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 December 2024 and signed on its behalf by:
 

.........................................
R J Cook
Director

 

Read Hall Farmers Limited

Notes to the Unaudited Financial Statements for the Period from 29 March 2023 to 27 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Read Hall Farm
Read
Nr Burnley
Lancashire
BB12 7RF

These financial statements were authorised for issue by the Board on 26 December 2024.

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 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 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.

Going concern

The financial statements have been prepared on a going concern basis.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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

Plant and machinery

20% per annum on cost

 

Read Hall Farmers Limited

Notes to the Unaudited Financial Statements for the Period from 29 March 2023 to 27 March 2024

Motor vehicle

25% reducing balance basis

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 0 (2023 - 0).

 

Read Hall Farmers Limited

Notes to the Unaudited Financial Statements for the Period from 29 March 2023 to 27 March 2024

4

Tangible assets

Land and buildings
£

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 29 March 2023

21,560

19,799

13,755

55,114

Disposals

(7,060)

-

-

(7,060)

At 27 March 2024

14,500

19,799

13,755

48,054

Depreciation

At 29 March 2023

-

15,546

13,754

29,300

Charge for the period

-

1,063

-

1,063

At 27 March 2024

-

16,609

13,754

30,363

Net book value

At 27 March 2024

14,500

3,190

1

17,691

At 28 March 2023

21,560

4,253

1

25,814

Included within the net book value of land and buildings above is £14,500 (2023 - £21,560) in respect of freehold land and buildings.
 

5

Creditors

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

13,667

16,330

Taxation and social security

 

2,386

-

Other creditors

 

1

-

 

16,054

16,330

 

Read Hall Farmers Limited

Notes to the Unaudited Financial Statements for the Period from 29 March 2023 to 27 March 2024

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

5,000

5,000

5,000

5,000

       

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

13,667

16,330