REGISTERED NUMBER: 01542427 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

R.C.D. HOARE (SELBORNE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S R Hoare

R C D Hoare

Mrs J A Hoare

SECRETARY:

Mrs C A Hoare

REGISTERED OFFICE:

Rhode Hill Dairy Honey Lane

Selborne

Alton

Hampshire

GU34 3BS

REGISTERED NUMBER:

01542427 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Tangible assets

4

1,556,510

1,627,996

Investment property

5

600,000

600,000

2,156,510

2,227,996

CURRENT ASSETS

Stocks

69,223

73,750

Debtors

6

44,130

74,212

Cash at bank

25

18

113,378

147,980

CREDITORS

Amounts falling due within one year

7

476,581

641,387

NET CURRENT LIABILITIES

(363,203

)

(493,407

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,793,307

1,734,589

CREDITORS

Amounts falling due after more than one year

8

(334,380

)

(291,425

)

PROVISIONS FOR LIABILITIES

(395,518

)

(411,297

)

NET ASSETS

1,063,409

1,031,867

CAPITAL AND RESERVES

Called up share capital

200

200

Revaluation reserve

9

142,659

142,659

Non-distributable' reserves

9

430,967

430,967

Retained earnings

489,583

458,041

1,063,409

1,031,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

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 10th June 2025 and were signed on its behalf by:

R C D Hoare - Director

Mrs J A Hoare - Director

S R Hoare - Director

1.	STATUTORY INFORMATION

R.C.D. Hoare (Selborne) 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.

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.

Freehold Property

5% straight line on buildings, land is not depreciated

Plant & Machinery

15% reducing balance

Tractors & Combines

17% reducing balance

Motor Vehicles

25% reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Hire purchase and leasing commitments

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Tractors

Freehold

Plant and

and

Motor

property

machinery

combines

vehicles

Totals

£

£

£

£

£

COST

At 1st January 2024

606,401

1,565,338

714,639

70,623

2,957,001

Additions

-

160,405

156,000

29,050

345,455

Disposals

-

(211,467

)

(192,000

)

-

(403,467

)

At 31st December 2024

606,401

1,514,276

678,639

99,673

2,898,989

DEPRECIATION

At 1st January 2024

85,543

982,935

216,383

44,144

1,329,005

Charge for year

8,178

100,545

76,292

13,884

198,899

Eliminated on disposal

-

(139,055

)

(46,370

)

-

(185,425

)

At 31st December 2024

93,721

944,425

246,305

58,028

1,342,479

NET BOOK VALUE

At 31st December 2024

512,680

569,851

432,334

41,645

1,556,510

At 31st December 2023

520,858

582,403

498,256

26,479

1,627,996

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

and 31st December 2024

600,000

NET BOOK VALUE

At 31st December 2024

600,000

At 31st December 2023

600,000

The investment property is held at value which has been estimated by the directors.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Trade debtors

35,086

62,340

Other debtors

9,044

11,872

44,130

74,212

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

as restated

£

£

Bank loans and overdrafts

180,530

106,799

Hire purchase contracts

106,219

162,426

Trade creditors

17,353

38,072

Taxation and social security

37,964

144,097

Other creditors

134,515

189,993

476,581

641,387

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

as restated

£

£

Bank loans

167,645

195,916

Hire purchase contracts

166,735

95,509

334,380

291,425

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

90,600

108,733

9.

RESERVES

Revaluation

Non-distributable'

reserve

reserves

Totals

£

£

£

At 1st January 2024

and 31st December 2024

142,659

430,967

573,626

10.	RELATED PARTY DISCLOSURES

All related party transaction were undertaken on a market rate basis. No further disclosure is required.

11.	ULTIMATE CONTROLLING PARTY

There is no overall controlling party. Varying combinations of shareholders can act together to hold control.