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REGISTERED NUMBER: 00479414 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

RAGLINGTON FARM LIMITED

RAGLINGTON FARM LIMITED (REGISTERED NUMBER: 00479414)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RAGLINGTON FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr K P M Ockenden
Mrs D L Ockenden





SECRETARY: Mrs D L Ockenden





REGISTERED OFFICE: Raglington Farm
Shedfield
Southampton
Hampshire
SO32 2HL





REGISTERED NUMBER: 00479414 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

RAGLINGTON FARM LIMITED (REGISTERED NUMBER: 00479414)

BALANCE SHEET
31 DECEMBER 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 562,268 631,779
Investments 5 40,000 40,000
602,268 671,779

CURRENT ASSETS
Stocks 84,843 87,014
Debtors 6 14,041 22,566
Cash at bank 5 5
98,889 109,585
CREDITORS
Amounts falling due within one year 7 120,037 201,615
NET CURRENT LIABILITIES (21,148 ) (92,030 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

581,120

579,749

CREDITORS
Amounts falling due after more than one
year

8

(214,993

)

(247,072

)

PROVISIONS FOR LIABILITIES 11 (92,319 ) (104,693 )
NET ASSETS 273,808 227,984

CAPITAL AND RESERVES
Called up share capital 12 4,800 4,800
Non-distributable reserves 13 (4,315 ) (4,315 )
Capital redemption reserve 13 1,200 1,200
Other reserves 13 7,000 7,000
Retained earnings 13 265,123 219,299
SHAREHOLDERS' FUNDS 273,808 227,984

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.

RAGLINGTON FARM LIMITED (REGISTERED NUMBER: 00479414)

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 Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by:





Mr K P M Ockenden - Director


RAGLINGTON FARM LIMITED (REGISTERED NUMBER: 00479414)

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

1. STATUTORY INFORMATION

Raglington Farm 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents the amount derived from ordinary activities, is recognised at the point of sale and is stated after trade discounts, other sales taxes and net of Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 33% on cost, 10% on reducing balance and at variable rates 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. Cost is computed on a first in first out basis. Net realisable value is the estimated proceeds from the sale of stock less any further costs to be incurred.

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.

RAGLINGTON FARM LIMITED (REGISTERED NUMBER: 00479414)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Government grants
In common with other farms, government subsides are received in connection with farming activities. These are included within farming income.

Investments
Investments in unlisted company shares, which have been classified as fixed asset investments as the company intends to hold them on a continuing basis, are remeasured to market value at each balance sheet date where a reliable market valuation can be obtained. Where a reliable market value cannot be established investments in unlisted company shares are measured at cost less accumulated impairment. Gains and losses on remeasurement are recognised in profit or loss for the period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 1,739,132
Additions 5,490
Disposals (25,000 )
At 31 December 2024 1,719,622
DEPRECIATION
At 1 January 2024 1,107,353
Charge for year 62,501
Eliminated on disposal (12,500 )
At 31 December 2024 1,157,354
NET BOOK VALUE
At 31 December 2024 562,268
At 31 December 2023 631,779

RAGLINGTON FARM LIMITED (REGISTERED NUMBER: 00479414)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2024 68,620
Transfer to ownership (68,620 )
At 31 December 2024 -
DEPRECIATION
At 1 January 2024 23,598
Transfer to ownership (23,598 )
At 31 December 2024 -
NET BOOK VALUE
At 31 December 2024 -
At 31 December 2023 45,022

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2024
and 31 December 2024 40,000
NET BOOK VALUE
At 31 December 2024 40,000
At 31 December 2023 40,000

Cost or valuation at 31 December 2024 is represented by:

Other
investments
£   
Valuation in 2016 10,685
Valuation in 2023 (15,000 )
Cost 44,315
40,000

RAGLINGTON FARM LIMITED (REGISTERED NUMBER: 00479414)

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

5. FIXED ASSET INVESTMENTS - continued

If had not been revalued would have been included at the following historical cost:

31.12.24 31.12.23
£    £   
Cost 44,315 44,315

Fixed asset investments were valued on an open market basis on 31 December 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors - 15,731
Other debtors 14,041 6,835
14,041 22,566

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 57,837 144,735
Hire purchase contracts (see note 9) - 4,057
Trade creditors 9,592 21,996
Taxation and social security 32,832 4,727
Other creditors 19,776 26,100
120,037 201,615

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.24 31.12.23
£    £   
Bank loans 214,993 247,072

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 138,129 133,405

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.12.24 31.12.23
£    £   
Net obligations repayable:
Within one year - 4,057

RAGLINGTON FARM LIMITED (REGISTERED NUMBER: 00479414)

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

9. LEASING AGREEMENTS - continued

Non-cancellable operating leases
31.12.24 31.12.23
£    £   
Within one year 5,584 -
Between one and five years 17,682 -
23,266 -

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 250,771 284,603
Hire purchase contracts - 4,057
250,771 288,660

Bank loans consist of three (31.12.23: three) agricultural mortgages or loans which are secured on 231 acres of farmland at Shedfield, Hampshire.

Hire purchase agreements are secured against the asset being financed.

11. PROVISIONS FOR LIABILITIES
31.12.24 31.12.23
£    £   
Deferred tax 92,319 104,693

Deferred
tax
£   
Balance at 1 January 2024 104,693
Utilised during year (12,374 )
Balance at 31 December 2024 92,319

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.24 31.12.23
value: £    £   
4,800 Ordinary £1 4,800 4,800

RAGLINGTON FARM LIMITED (REGISTERED NUMBER: 00479414)

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

13. RESERVES
Capital
Retained Non-distributable redemption Other
earnings reserves reserve reserves Totals
£    £    £    £    £   

At 1 January 2024 219,299 (4,315 ) 1,200 7,000 223,184
Profit for the year 45,824 - - - 45,824
At 31 December 2024 265,123 (4,315 ) 1,200 7,000 269,008

14. RELATED PARTY DISCLOSURES

The directors received rental income totalling £37,000 (31.12.23: £37,000) from the company during the year.

The aggregate amount owed to the directors at the balance sheet date is £12,283 (31.12.23: £17,429).

15. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr K P M Ockenden.