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REGISTERED NUMBER: 01384036











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

JOHN RAYNER FARMS LIMITED

JOHN RAYNER FARMS LIMITED (REGISTERED NUMBER: 01384036)






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


JOHN RAYNER FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mrs M E Rayner
Miss R E Rayner
P J Rayner





SECRETARY: Miss R E Rayner





REGISTERED OFFICE: Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ





REGISTERED NUMBER: 01384036





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

JOHN RAYNER FARMS LIMITED (REGISTERED NUMBER: 01384036)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,250,247 1,081,471
Investments 5 1,000 1,000
1,251,247 1,082,471

CURRENT ASSETS
Stocks 182,601 58,835
Debtors 6 1,646,760 1,333,807
Cash at bank 28,592 172,071
1,857,953 1,564,713
CREDITORS
Amounts falling due within one year 7 1,118,306 657,248
NET CURRENT ASSETS 739,647 907,465
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,990,894

1,989,936

PROVISIONS FOR LIABILITIES 9,725 8,871
NET ASSETS 1,981,169 1,981,065

CAPITAL AND RESERVES
Called up share capital 1,250 1,250
Share premium 207,250 207,250
Retained earnings 1,772,669 1,772,565
SHAREHOLDERS' FUNDS 1,981,169 1,981,065

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.

JOHN RAYNER FARMS LIMITED (REGISTERED NUMBER: 01384036)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 December 2024 and were signed on its behalf by:





P J Rayner - Director


JOHN RAYNER FARMS LIMITED (REGISTERED NUMBER: 01384036)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

John Rayner Farms Limited is a private company, limited by shares, registered in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

The financial statements are prepared in sterling.

Turnover
Turnover represents the rent receivable for the year along with crop sales.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not depreciated
Improvements to property - 4% straight line
Plant and machinery - 15% on reducing balance
Office equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Depreciation on freehold property
The company has chosen not to depreciate freehold property, which constitutes mainly farmland. The buildings are maintained to a high standard and so any depreciation would be minimal.

JOHN RAYNER FARMS LIMITED (REGISTERED NUMBER: 01384036)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and Office
property property machinery equipment Totals
£    £    £    £    £   
COST
At 1 April 2023 998,000 102,238 475,351 2,257 1,577,846
Additions 180,000 - - - 180,000
At 31 March 2024 1,178,000 102,238 475,351 2,257 1,757,846
DEPRECIATION
At 1 April 2023 - 66,326 427,908 2,141 496,375
Charge for year - 4,090 7,117 17 11,224
At 31 March 2024 - 70,416 435,025 2,158 507,599
NET BOOK VALUE
At 31 March 2024 1,178,000 31,822 40,326 99 1,250,247
At 31 March 2023 998,000 35,912 47,443 116 1,081,471

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 1,000
NET BOOK VALUE
At 31 March 2024 1,000
At 31 March 2023 1,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 812,000 423,896
Other debtors 453,760 396,618
VAT 27,000 10,898
Prepayments and accrued income 354,000 502,395
1,646,760 1,333,807

JOHN RAYNER FARMS LIMITED (REGISTERED NUMBER: 01384036)

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
£    £   
Trade creditors 901,000 497,467
Tax 2,206 2,854
Other creditors - 121,424
Directors' current accounts 215,100 35,503
1,118,306 657,248

8. RELATED PARTY DISCLOSURES

Mrs M E Rayner is the controlling party of the company.

Kings Ripton Farms Limited is related by common ownership. It owes John Rayner Farms Limited £514,392 (2023: £392,026). This balance is included in other debtors.

Glebe Farm Foods Limited is related by common ownership. It is owed by John Rayner Farms Limited £140,000 (2023: Nil). This balance is included in other creditors.

The company owes PJ & RE Rayner £35,100 (2023:£35,503) being the directors' current account.