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REGISTERED NUMBER: 05427380 (England and Wales)













Financial Statements

for the Year Ended 31 May 2024

for

Redhill Farm (Free Range Pork) Limited

Redhill Farm (Free Range Pork) Limited (Registered number: 05427380)






Contents of the Financial Statements
for the year ended 31 May 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Redhill Farm (Free Range Pork) Limited

Company Information
for the year ended 31 May 2024







DIRECTORS: Mrs J L Tomlinson
Mr T A Tomlinson



SECRETARY: Mrs J L Tomlinson



REGISTERED OFFICE: Redhill Farm
Blyton Carr
GAINSBOROUGH
Lincolnshire
DN21 3DT



REGISTERED NUMBER: 05427380 (England and Wales)



ACCOUNTANTS: Nicholsons
Chartered Accountants
Newland House
The Point
Weaver Road
LINCOLN
Lincolnshire
LN6 3QN



BANKERS: Clydesdale
The Regatta
Unit 6
Henley Way
LINCOLN
Lincolnshire
LN6 3QR

Redhill Farm (Free Range Pork) Limited (Registered number: 05427380)

Abridged Balance Sheet
31 May 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 942,409 919,344
942,409 919,344

CURRENT ASSETS
Stocks 77,211 75,697
Debtors 46,493 38,449
Cash at bank and in hand 61,251 66,097
184,955 180,243
CREDITORS
Amounts falling due within one year 132,593 136,607
NET CURRENT ASSETS 52,362 43,636
TOTAL ASSETS LESS CURRENT
LIABILITIES

994,771

962,980

CREDITORS
Amounts falling due after more than
one year

(264,426

)

(269,525

)

PROVISIONS FOR LIABILITIES (31,825 ) (27,219 )
NET ASSETS 698,520 666,236

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 185,409 185,409
Retained earnings 513,011 480,727
SHAREHOLDERS' FUNDS 698,520 666,236

Redhill Farm (Free Range Pork) Limited (Registered number: 05427380)

Abridged Balance Sheet - continued
31 May 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 February 2025 and were signed on its behalf by:





Mrs J L Tomlinson - Director


Redhill Farm (Free Range Pork) Limited (Registered number: 05427380)

Notes to the Financial Statements
for the year ended 31 May 2024

1. STATUTORY INFORMATION

Redhill Farm (Free Range Pork) 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. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2005, was amortised evenly over it's estimated useful life of 10 years.

The accounting policy for amortisation of goodwill was adjusted in 2020 to reflect FRS 102 (Section 1A).

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Bailgate costs - 15% on reducing balance
Production facility - 2% on cost
Plant and machinery - 15% on reducing balance and 15% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Assets under construction

Assets under construction are capitalised but not depreciated until completed and brought into use.

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

Redhill Farm (Free Range Pork) Limited (Registered number: 05427380)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Only basic financial instruments as defined in FRS 102 are held. Financial assets and financial liabilities are recognised in the accounts only when the entity becomes party to the contractual provisions of the instrument and their measurement basis is as follows:

Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at transaction price.

Financial liabilities - trade creditors, accruals and other creditors are basic financial instruments, and are measured at amortised cost. Where a financial liability constitutes a financing transaction it is initially and subsequently measures at the present value of future payments, discounted at a market rate of interest.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 17 ) .

Redhill Farm (Free Range Pork) Limited (Registered number: 05427380)

Notes to the Financial Statements - continued
for the year ended 31 May 2024

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023
and 31 May 2024 98,210
AMORTISATION
At 1 June 2023
and 31 May 2024 98,210
NET BOOK VALUE

At 31 May 2024 -
At 31 May 2023 -

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2023 1,441,398
Additions 73,673
Disposals (3,354 )
At 31 May 2024 1,511,717
DEPRECIATION
At 1 June 2023 522,054
Charge for year 50,031
Eliminated on disposal (2,777 )
At 31 May 2024 569,308
NET BOOK VALUE
At 31 May 2024 942,409
At 31 May 2023 919,344

6. RELATED PARTY DISCLOSURES

Included in creditors are directors loan account balances for Mr T A & Mrs J L Tomlinson of £324,210 (2023: £336,056). These balances are unsecured and interest free.