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Registered number: 14346221










RUSHMERE FARM (GLOUCESTERSHIRE) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
RUSHMERE FARM (GLOUCESTERSHIRE) LIMITED
REGISTERED NUMBER: 14346221

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
1,635,794
-

Current assets
  

Debtors: amounts falling due within one year
 5 
100
100

  
100
100

Creditors: amounts falling due within one year
 6 
(1,716,085)
-

Net current (liabilities)/assets
  
 
 
(1,715,985)
 
 
100

Total assets less current liabilities
  
(80,191)
100

  

Net (liabilities)/assets
  
(80,191)
100


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(80,291)
-

  
(80,191)
100

Page 1

 
RUSHMERE FARM (GLOUCESTERSHIRE) LIMITED
REGISTERED NUMBER: 14346221

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The Director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The Director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






................................................
Mr H Simmons
Director

Date: 7 March 2025

The notes on pages 3 to 6 form part of these financial statements.
Page 2

 
RUSHMERE FARM (GLOUCESTERSHIRE) LIMITED
 

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

1.


General information

Rushmere Farm (Gloucestershire) Limited is a private company limited by shares incorporated in England and Wales, United Kingdom. The registered office is Tennyson House, Cambridge Business Park, Cambridge, CB4 0WZ. The principal activity is that of letting and operating of owned or leased real estate.
The Company is part of the H & S Simmons group.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The Company's functional and presentational currency is Pounds sterling.
The level of rounding is to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Going concern

The director has considered the going concern basis in preparing these financial statements. He has concluded that the going concern basis is appropriate because of continued group support and because sufficient funds will be generated from future trading for a period of at least twelve months from the date of the approval of these financial statements to enable the company to meet its liabilities as they arise.
The financial statements do not include any adjustments that would result from the withdrawal of this support.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Pitch Fees and Recharges
Pitch fees and recharges are recognised on an accruals basis in the period to which they relate.
Sale of Mobile Homes
Sale of mobile homes are recognised when the risks and rewards of ownership are transferred to the customer, usually on occupation when the park home agreement is signed or legal completion takes place.

Page 3

 
RUSHMERE FARM (GLOUCESTERSHIRE) LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Freehold property
-
Not depreciated.
Other fixed assets
-
Not depreciated.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
No depreciation has been provided on freehold property or other fixed assets as they are maintained in such a state of repair that its residual value is at least equal to its net book value. As a result the corresponding depreciation would not be material, and therefore is not charged to the profit and loss account.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objectives evidence of impairment is found an impairment loss is recognised in the Profit and Loss Account.

Page 4

 
RUSHMERE FARM (GLOUCESTERSHIRE) LIMITED
 

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

3.


Employees



The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Freehold property
Other fixed assets
Total

£
£
£



Cost or valuation


Additions
1,620,591
15,203
1,635,794



At 31 March 2024

1,620,591
15,203
1,635,794






Net book value



At 31 March 2024
1,620,591
15,203
1,635,794



At 31 March 2023
-
-
-


5.


Debtors

2024
Period ended 2023
£
£


Amounts owed by group undertakings
100
100



6.


Creditors: Amounts falling due within one year

2024
Period ended 2023
£
£

Trade creditors
22,820
-

Amounts owed to group undertakings
1,690,322
-

Other taxation and social security
272
-

Accruals and deferred income
2,671
-

1,716,085
-


Page 5

 
RUSHMERE FARM (GLOUCESTERSHIRE) LIMITED
 

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

7.


Share capital

2024
Period ended 2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



8.


Contingent liabilities

The Company is jointly and severally liable in respect of the group's bank loan facilities, which amounted to £13,673,544 at 31st March 2024 (2023 - £12,427,559). A debenture is secured over group assets.


9.


Related party transactions

During the year the company entered into loans with its fellow subsidiaries and parent company. The balance owing to group companies is £1,690,322 (2023 - £Nil). The balance is interest free and repayable on demand.


10.


Controlling party

The controlling party of the Company is H & S Simmons Limited by virtue of a 100% shareholding in
Rushmere Farm (Gloucestershire) Limited.
The Ultimate Controlling Parties are Mr H Simmons and Mrs G Simmons by virtue of their joint shareholding in H & S Simmons Limited.

Page 6