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REGISTERED NUMBER: 00535287 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

REX PATERSON (FARMS) LIMITED

REX PATERSON (FARMS) LIMITED (REGISTERED NUMBER: 00535287)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


REX PATERSON (FARMS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH SEPTEMBER 2024







DIRECTORS: J H Paterson
D R Paterson
M A Paterson



SECRETARY: Mrs M Paterson



REGISTERED OFFICE: The Farm Office
Upper Cranbourne Farm
Sutton Scotney
Winchester
Hampshire
SO21 3QD



REGISTERED NUMBER: 00535287 (England and Wales)



ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



BANKERS: HSBC UK Bank Plc
Ground Floor
1 London Square
Cross Lanes
Guildford
Surrey
GU1 1UN

REX PATERSON (FARMS) LIMITED (REGISTERED NUMBER: 00535287)

BALANCE SHEET
30TH SEPTEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,739,209 3,807,450
Investments 6 182,618 187,158
Herd basis 7 529,104 496,810
4,450,931 4,491,418

CURRENT ASSETS
Stocks 800,140 837,119
Debtors 8 524,762 528,113
Cash at bank and in hand 945,357 839,401
2,270,259 2,204,633
CREDITORS
Amounts falling due within one year 9 536,823 647,202
NET CURRENT ASSETS 1,733,436 1,557,431
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,184,367

6,048,849

PROVISIONS FOR LIABILITIES 232,032 244,873
NET ASSETS 5,952,335 5,803,976

CAPITAL AND RESERVES
Called up share capital 24,765 24,765
Capital redemption reserve 4,369 4,369
Retained earnings 5,923,201 5,774,842
5,952,335 5,803,976

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

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

REX PATERSON (FARMS) LIMITED (REGISTERED NUMBER: 00535287)

BALANCE SHEET - continued
30TH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9th June 2025 and were signed on its behalf by:





J H Paterson - Director


REX PATERSON (FARMS) LIMITED (REGISTERED NUMBER: 00535287)

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


1. STATUTORY INFORMATION

Rex Paterson (Farms) 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 as modified by the revaluation of certain assets.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 12.5 - 20% 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.

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.

REX PATERSON (FARMS) LIMITED (REGISTERED NUMBER: 00535287)

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


2. ACCOUNTING POLICIES - continued

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 profit or loss in the period to which they relate.

Investments
Unlisted investments are included at cost. Listed fixed asset investments are included at their revalued amounts. Any surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st October 2023
and 30th September 2024 52,460
AMORTISATION
At 1st October 2023
and 30th September 2024 52,460
NET BOOK VALUE
At 30th September 2024 -
At 30th September 2023 -

REX PATERSON (FARMS) LIMITED (REGISTERED NUMBER: 00535287)

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


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st October 2023 3,960,011 1,689,316 5,649,327
Additions 64,343 87,214 151,557
Disposals - (95,252 ) (95,252 )
At 30th September 2024 4,024,354 1,681,278 5,705,632
DEPRECIATION
At 1st October 2023 669,792 1,172,085 1,841,877
Charge for year 33,187 113,440 146,627
Eliminated on disposal - (22,081 ) (22,081 )
At 30th September 2024 702,979 1,263,444 1,966,423
NET BOOK VALUE
At 30th September 2024 3,321,375 417,834 3,739,209
At 30th September 2023 3,290,219 517,231 3,807,450

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st October 2023 187,158
Revaluations (4,540 )
At 30th September 2024 182,618
NET BOOK VALUE
At 30th September 2024 182,618
At 30th September 2023 187,158

Cost or valuation at 30th September 2024 is represented by:

Other
investments
£   
Valuation in 2022 130,139
Valuation in 2023 (26,048 )
Valuation in 2024 (4,540 )
Cost 83,067
182,618

REX PATERSON (FARMS) LIMITED (REGISTERED NUMBER: 00535287)

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


7. HERD BASIS
The Dairy
herd
£   
COST
At 1st October 2023 496,810
Additions 32,294
At 30th September 2024 529,104
NET BOOK VALUE
At 30th September 2024 529,104
At 30th September 2023 496,810

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 446,986 443,616
Other debtors 77,776 84,497
524,762 528,113

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 398,071 547,746
Taxation and social security 99,698 69,559
Other creditors 39,054 29,897
536,823 647,202