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COMPANY REGISTRATION NUMBER: 09965827

Rural Coffee Project Limited

Filleted Unaudited Financial Statements

31 March 2024

Rural Coffee Project Limited

Statement of Financial Position

31 March 2024

| 2024 | 2023
Note | £ | £

Fixed assets

Tangible assets | 5 | 488,115 | 29,390

Current assets

Stocks | 250 | 250
Debtors | 6 | 2,375 | 850
Cash at bank and in hand | 21,830 | 16,192
| -------- | --------
| 24,455 | 17,292

Creditors: amounts falling due within one year | 7 | 14,259 | 17,160
| -------- | --------
Net current assets | 10,196 | 132
| --------- | --------
Total assets less current liabilities | 498,311 | 29,522

Creditors: amounts falling due after more than one year | 8 | 452,000 | –

Provisions | 3,187 | 5,584
| --------- | --------
Net assets | 43,124 | 23,938
| --------- | --------

Capital and reserves

Called up share capital | 100 | 100
Profit and loss account | 43,024 | 23,838
| -------- | --------
Shareholders funds | 43,124 | 23,938
| -------- | --------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Rural Coffee Project Limited

Statement of Financial Position (continued)

31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 18 June 2025 , and are signed on behalf of the board by:

Mr A W Clarke
Director

Company registration number: 09965827

Rural Coffee Project Limited

Notes to the Financial Statements

Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Suite D (Xeinadin Cambridge), South Cambridge Busi, Babraham Road, Sawston, Cambridge, CB223JH, England.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 20% straight line
| Motor vehicles | - | 10% straight line
| Equipment | - | 33% straight line

Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 7 (2023: 7 ).
5. Tangible assets

| Freehold property | Plant and machinery | Motor vehicles | Equipment | Total
| £ | £ | £ | £ | £
Cost |  |  |  |  |
At 1 April 2023 | – | 22,845 | 55,380 | 1,050 | 79,275
Additions | 471,343 | – | – | – | 471,343
Disposals | – | – | ( 35,400) | – | ( 35,400)
| --------- | -------- | -------- | ------- | ---------
At 31 March 2024 | 471,343 | 22,845 | 19,980 | 1,050 | 515,218
| --------- | -------- | -------- | ------- | ---------
Depreciation |  |  |  |  |
At 1 April 2023 | – | 20,059 | 28,776 | 1,050 | 49,885
Charge for the year | – | – | 1,998 | – | 1,998
Disposals | – | – | ( 24,780) | – | ( 24,780)
| --------- | -------- | -------- | ------- | ---------
At 31 March 2024 | – | 20,059 | 5,994 | 1,050 | 27,103
| --------- | -------- | -------- | ------- | ---------
Carrying amount |  |  |  |  |
At 31 March 2024 | 471,343 | 2,786 | 13,986 | – | 488,115
| --------- | -------- | -------- | ------- | ---------
At 31 March 2023 | – | 2,786 | 26,604 | – | 29,390
| --------- | -------- | -------- | ------- | ---------

6. Debtors

| 2024 | 2023
| £ | £
Trade debtors | – | 850
Other debtors | 2,375 | –
| ------- | ----
| 2,375 | 850
| ------- | ----

7. Creditors: amounts falling due within one year

| 2024 | 2023
| £ | £
Trade creditors | 3,007 | 2,584
Amounts owed to group undertakings and undertakings in which the company has a participating interest | 2,300 | –
Corporation tax | 8,052 | 2,331
Social security and other taxes | – | 112
Other creditors | 900 | 12,133
| -------- | --------
| 14,259 | 17,160
| -------- | --------

8. Creditors: amounts falling due after more than one year

| 2024 | 2023
| £ | £
Bank loans and overdrafts | 452,000 | –
| --------- | ----