Company registration number 08708366 (England and Wales)
ROWSELL FARMING LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ROWSELL FARMING LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ROWSELL FARMING LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
512,589
512,589
Current assets
Debtors
4
36,000
36,000
Creditors: amounts falling due within one year
5
(36,000)
(36,000)
Net current assets
-
0
-
0
Total assets less current liabilities
512,589
512,589
Creditors: amounts falling due after more than one year
6
(500,000)
(500,000)
Net assets
12,589
12,589
Capital and reserves
Called up share capital
7
12,589
12,589

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 13 May 2025 and are signed on its behalf by:
G J Rowsell
Director
Company Registration No. 08708366
ROWSELL FARMING LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

Rowsell Farming Limited is a private company limited by shares incorporated in England and Wales. The registered office is West Stoke Farm, Stoke Charity, Winchester, Hampshire, United Kingdom, SO21 3PN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Fixed asset investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

 

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

1.3
Borrowing costs

Interest- bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Income Statement over the period of the relevant borrowing.

 

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

 

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

1.4

Group accounts

The company is part of a small group. The group has taken advantage of the exemption provided by section 398 of the Companies Act 2006 and has not prepared group accounts.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
ROWSELL FARMING LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 3 -
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
512,589
512,589
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
36,000
36,000
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
36,000
36,000
6
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Other borrowings
500,000
500,000

Other borrowings consist of 500,000 2.4% preference shares of £1 each.

The preference shares are redeemable at the option of the company at £1 per share and carry no voting rights.

 

7
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
12,589
12,589
12,589
12,589
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