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REGISTERED NUMBER: 00469255 (England and Wales)















RALPH POCKLINGTON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






RALPH POCKLINGTON LIMITED (REGISTERED NUMBER: 00469255)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 7


RALPH POCKLINGTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: J A Pocklington
J E Pocklington
Mrs L C Pocklington



SECRETARY: J A Pocklington



REGISTERED OFFICE: Dovecote
North Forty Foot Bank
Wyberton Fen
Boston
Lincolnshire
PE21 8JS



REGISTERED NUMBER: 00469255 (England and Wales)



ACCOUNTANTS: Duncan & Toplis Limited
5 Resolution Close
Endeavour Park
Boston
Lincolnshire
PE21 7TT



BANKERS: Lloyds Bank plc
202 High Street
Lincoln
Lincolnshire
LN5 7AP



SOLICITORS: Roythornes Limited
Enterprise Way
Pinchbeck
Spalding
Lincolnshire
PE11 3YR

RALPH POCKLINGTON LIMITED (REGISTERED NUMBER: 00469255)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 6,627,449 6,760,342
Investments 6 508,100 508,100
7,135,549 7,268,442

CURRENT ASSETS
Valuation 520,809 532,210
Debtors 7 207,578 109,145
Cash at bank and in hand 667,987 462,573
1,396,374 1,103,928
CREDITORS
Amounts falling due within one year 8 1,074,739 1,157,034
NET CURRENT ASSETS/(LIABILITIES) 321,635 (53,106 )
TOTAL ASSETS LESS CURRENT LIABILITIES 7,457,184 7,215,336

CREDITORS
Amounts falling due after more than one year 9 (446,945 ) (467,993 )

PROVISIONS FOR LIABILITIES (159,235 ) (190,422 )
NET ASSETS 6,851,004 6,556,921

CAPITAL AND RESERVES
Called up share capital 11 72,642 72,642
Share premium 971,898 971,898
Retained earnings 5,806,464 5,512,381
SHAREHOLDERS' FUNDS 6,851,004 6,556,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

RALPH POCKLINGTON LIMITED (REGISTERED NUMBER: 00469255)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 February 2025 and were signed on its behalf by:




J A Pocklington - Director



J E Pocklington - Director


RALPH POCKLINGTON LIMITED (REGISTERED NUMBER: 00469255)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Ralph Pocklington 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Ralph Pocklington Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents net invoiced sales of produce and services and basic payment scheme income excluding value added tax. Sales of produce are recognised on despatch.

Intangible assets
Intangible assets consist of entitlements to the Basic Payment Scheme. The entitlements are recognised at fair value and have been written off on a straight line basis over the period to 31 December 2019.

Tangible fixed assets
Tangible fixed assets are held at cost less depreciation.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property- not provided
Plant and machinery- 10% to 22.5% on reducing balance and 20 years straight line
Motor vehicles- 20% on reducing balance
Office equipment- 25% on cost

Valuation
The valuation has been prepared by independent valuers at the lower of cost and estimated selling price less costs to sell.

Biological assets, living plants are included at the lower of cost and estimated selling price less costs to sell.

Financial instruments
The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


RALPH POCKLINGTON LIMITED (REGISTERED NUMBER: 00469255)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

Basic payment scheme
The basic payment scheme is recognised in the financial statements in accordance with current H M Revenue & Customs guidance.

Fixed asset investments
Fixed asset investments are stated at cost, unless in the opinion of the directors, there has been an impairment, in which case an appropriate adjustment has been made.

Investments in subsidiary undertakings are recognised at cost after making due allowance for impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2023
and 30 September 2024 87,712
AMORTISATION
At 1 October 2023
and 30 September 2024 87,712
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 -

RALPH POCKLINGTON LIMITED (REGISTERED NUMBER: 00469255)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2023 6,046,036 1,762,873 7,808,909
Additions - 21,210 21,210
At 30 September 2024 6,046,036 1,784,083 7,830,119
DEPRECIATION
At 1 October 2023 - 1,048,567 1,048,567
Charge for year - 154,103 154,103
At 30 September 2024 - 1,202,670 1,202,670
NET BOOK VALUE
At 30 September 2024 6,046,036 581,413 6,627,449
At 30 September 2023 6,046,036 714,306 6,760,342

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST
At 1 October 2023
and 30 September 2024 508,098 2 508,100
NET BOOK VALUE
At 30 September 2024 508,098 2 508,100
At 30 September 2023 508,098 2 508,100

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 139,879 61,940
Other debtors 67,699 47,205
207,578 109,145

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 21,048 20,226
Hire purchase contracts - 52,672
Trade creditors 88,211 70,369
Amounts owed to group undertakings 539,643 583,570
Taxation and social security 132,348 143,054
Other creditors 293,489 287,143
1,074,739 1,157,034

RALPH POCKLINGTON LIMITED (REGISTERED NUMBER: 00469255)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 446,945 467,993

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 353,846 378,529

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 467,993 488,219
Hire purchase contracts - 52,672
467,993 540,891

The bank has a fixed and floating charge against the freehold properties known as Witham Marsh Farm and School Farm.

Hire purchase contracts are secured on the assets to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
24,642 A Ordinary £1 24,642 24,642
45,000 B Ordinary £1 45,000 45,000
3,000 C Ordinary £1 3,000 3,000
72,642 72,642

12. POST BALANCE SHEET EVENTS

On the 1 October 2024 as part of a business reorganisation, the business of Pocklington Brothers Limited, the subsidiary company, was transferred to Ralph Pocklington Limited as a going concern together with its assets and liabilities.