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REGISTERED NUMBER: 07951847 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Redhill Farms (Shotley) Limited

Redhill Farms (Shotley) Limited (Registered number: 07951847)

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


Redhill Farms (Shotley) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: JRJ Wrinch
RJ Wrinch
HW Wrinch





SECRETARY: HW Wrinch





REGISTERED OFFICE: Crane's Hill Barn
Wades Lane
Shotley
Ipswich
Suffolk
IP9 1EW





REGISTERED NUMBER: 07951847 (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
Redhill Farms (Shotley) Limited


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 Income and Retained 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 Redhill Farms (Shotley) 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 Redhill Farms (Shotley) 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 Redhill Farms (Shotley) Limited and state those matters that we have agreed to state to the Board of Directors of Redhill Farms (Shotley) 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 Redhill Farms (Shotley) Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Redhill Farms (Shotley) 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 Redhill Farms (Shotley) Limited. You consider that Redhill Farms (Shotley) 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 Redhill Farms (Shotley) 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


9 May 2025

Redhill Farms (Shotley) Limited (Registered number: 07951847)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 436,762 483,936
Investments 5 20 20
436,782 483,956

CURRENT ASSETS
Stocks 7,391 9,137
Debtors 6 213,396 111,329
Cash at bank 18,751 155,402
239,538 275,868
CREDITORS
Amounts falling due within one year 7 105,532 107,961
NET CURRENT ASSETS 134,006 167,907
TOTAL ASSETS LESS CURRENT
LIABILITIES

570,788

651,863

CREDITORS
Amounts falling due after more than one year 8 (61,001 ) (126,673 )

PROVISIONS FOR LIABILITIES 10 (76,114 ) (72,839 )
NET ASSETS 433,673 452,351

CAPITAL AND RESERVES
Called up share capital 11 360,030 360,030
Retained earnings 73,643 92,321
SHAREHOLDERS' FUNDS 433,673 452,351

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.

Redhill Farms (Shotley) Limited (Registered number: 07951847)

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 9 May 2025 and were signed on its behalf by:





JRJ Wrinch - Director


Redhill Farms (Shotley) Limited (Registered number: 07951847)

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


1. STATUTORY INFORMATION

Redhill Farms (Shotley) 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. On this basis the directors consider it appropriate to prepare the financial statements on a 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance and 15% 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.

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.

Redhill Farms (Shotley) Limited (Registered number: 07951847)

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.

3. EMPLOYEES

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 1,044,118
Additions 65,150
Disposals (12,800 )
At 31 December 2024 1,096,468
DEPRECIATION
At 1 January 2024 560,182
Charge for year 109,157
Eliminated on disposal (9,633 )
At 31 December 2024 659,706
NET BOOK VALUE
At 31 December 2024 436,762
At 31 December 2023 483,936

The net book value of tangible fixed assets includes £ 209,672 (2023 - £ 279,563 ) in respect of assets held under hire purchase contracts.

Redhill Farms (Shotley) Limited (Registered number: 07951847)

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


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2024
and 31 December 2024 20
NET BOOK VALUE
At 31 December 2024 20
At 31 December 2023 20

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,390 7,991
Directors' loan accounts 3,278 -
Prepayments and accrued income 203,728 103,338
213,396 111,329

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 65,672 64,396
Trade creditors 739 4,103
VAT 9,918 17,087
Directors' loan accounts - 2,445
Accruals and deferred income 29,203 19,930
105,532 107,961

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 61,001 126,673

9. SECURED DEBTS

The hire purchase contracts are secured by the assets to which they relate.

Redhill Farms (Shotley) Limited (Registered number: 07951847)

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


10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 76,114 72,839

Deferred
tax
£   
Balance at 1 January 2024 72,839
Provided during year 3,275
Balance at 31 December 2024 76,114

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
360,030 Ordinary £1 360,030 360,030

12. RELATED PARTY DISCLOSURES

Company directors, JRJ Wrinch, RJ Wrinch and Mrs HW Wrinch, together have a trading partnership, RJ & HW Wrinch. The company provides services to businesses controlled by the directors, which in aggregate total £213,160 (2023: £320,000), and they also made purchases amounting to £25,449 (2023: £31,411).

The directors loan account has a debit balance of £3,278 on which no interest is due. In 2023 the directors loan account was in credit balance of £2,445. The loan is repayable on demand and included within the directors loan in the debtors note.