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REGISTERED NUMBER: 10220908 (England and Wales)












RJ & JM Bowen Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024






RJ & JM Bowen Limited (Registered number: 10220908)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


RJ & JM Bowen Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: RJ Bowen
JM Bowen





REGISTERED OFFICE: Northgate Farm
St Weonards
Herefordshire
HR2 8QF





REGISTERED NUMBER: 10220908 (England and Wales)





ACCOUNTANTS: The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
RJ & JM Bowen Limited (Registered number: 10220908)


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Retained Income and Earnings and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of RJ & JM Bowen Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of RJ & JM Bowen Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RJ & JM Bowen Limited and state those matters that we have agreed to state to the Board of Directors of RJ & JM Bowen Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RJ & JM Bowen Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that RJ & JM Bowen Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of RJ & JM Bowen Limited. You consider that RJ & JM Bowen Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of RJ & JM Bowen Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






The Hutchinson Partnership Limited
trading as The Hutchinson Partnership
Chartered Accountants
The Bull Pen
Grove Farm
Portway, Burghill
Hereford
HR4 8NF


7 April 2025

RJ & JM Bowen Limited (Registered number: 10220908)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 920,449 986,945

CURRENT ASSETS
Stocks 48,632 -
Debtors 5 98,496 25,023
Cash at bank 396,148 445,943
543,276 470,966
CREDITORS
Amounts falling due within one year 6 217,322 209,014
NET CURRENT ASSETS 325,954 261,952
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,246,403

1,248,897

CREDITORS
Amounts falling due after more than one
year

7

(810,544

)

(871,958

)

PROVISIONS FOR LIABILITIES 9 (105,625 ) (109,720 )
NET ASSETS 330,234 267,219

CAPITAL AND RESERVES
Allotted, issued and fully paid share capital 1,000 1,000
Retained earnings 329,234 266,219
330,234 267,219

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

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

RJ & JM Bowen Limited (Registered number: 10220908)

Balance Sheet - continued
31 December 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 7 April 2025 and were signed on its behalf by:





RJ Bowen - Director


RJ & JM Bowen Limited (Registered number: 10220908)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

RJ & JM Bowen 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.

The directors have considered the financial requirements of the company and consider that it will be able to operate within its agreed finance facilities for the next 12 months. The directors therefore consider it appropriate to prepare the accounts on the going concern basis.

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

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 provided
Improvements to property - 5% on cost
Plant and machinery - 10% on reducing balance and 5% on cost

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

The company owns chickens for egg production, the cost of which is depreciated on a straight line basis over their useful life of 14 months.

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 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.

RJ & JM Bowen Limited (Registered number: 10220908)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


3. EMPLOYEES

The average number of employees during the year was 5 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery Totals
£    £    £    £   
COST
At 1 January 2024 75,000 456,351 845,199 1,376,550
Additions - - 553 553
At 31 December 2024 75,000 456,351 845,752 1,377,103
DEPRECIATION
At 1 January 2024 - 136,668 252,937 389,605
Charge for year - 22,818 44,231 67,049
At 31 December 2024 - 159,486 297,168 456,654
NET BOOK VALUE
At 31 December 2024 75,000 296,865 548,584 920,449
At 31 December 2023 75,000 319,683 592,262 986,945

Tangible fixed assets includes freehold property with a book value of £75,000 that is not being depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 80,086 18,577
Prepayments and accrued income 13,559 1,299
Other debtors 600 600
VAT 4,251 4,547
98,496 25,023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 59,500 56,000
Trade creditors 69,517 38,214
Corporation tax payable 45,273 64,143
Social security and other taxes 415 829
Directors' current accounts 32,779 45,454
Accruals 9,838 4,374
217,322 209,014

RJ & JM Bowen Limited (Registered number: 10220908)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 59,387 58,000
Bank loans - 2-5 years 153,000 165,901
Bank loans more than 5 years by instalments 598,157 648,057
810,544 871,958

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years by instalments 598,157 648,057

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 870,044 927,958

The loans (except the Bounce Back Loan) are secured by a fixed charge over the land and property at Northgate Farm, St Weonards owned by the company and the directors and other family members.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 105,625 109,720

Deferred
tax
£   
Balance at 1 January 2024 109,720
Credit to Statement of Income and Retained Earnings during year (4,095 )
Balance at 31 December 2024 105,625

10. RELATED PARTY DISCLOSURES

The directors' current accounts included within 'Creditors: Amounts falling due within one year" are unsecured, interest free and repayable on demand.

NJ Bowen, a relation of the directors, is a joint owner of land at Northgate Farm that has been provided as security for the loans.