REGISTERED NUMBER: 13564941 (England and Wales)

R C TINSLEY WORTH'S LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

5

DIRECTORS:

Mrs P M Ball

Mrs V L Howe

Mrs R E Caplan

Ms A E Rawlings

REGISTERED OFFICE:

c/o Duncan & Toplis Limited

Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

REGISTERED NUMBER:

13564941 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Enterprise Way

Pinchbeck

Spalding

Lincolnshire

PE11 3YR

FIXED ASSETS

Tangible assets

4

8,157,617

8,226,855

CURRENT ASSETS

Valuation

352,591

293,429

Debtors

5

309,612

514,982

Cash at bank

494,977

369,968

1,157,180

1,178,379

CREDITORS

Amounts falling due within one year

6

281,350

293,430

NET CURRENT ASSETS

875,830

884,949

TOTAL ASSETS LESS CURRENT LIABILITIES

9,033,447

9,111,804

PROVISIONS FOR LIABILITIES

194,839

195,187

NET ASSETS

8,838,608

8,916,617

CAPITAL AND RESERVES

Called up share capital

7

85,991

85,991

Capital redemption reserve

8

15,286

15,286

Retained earnings

8

8,737,331

8,815,340

SHAREHOLDERS' FUNDS

8,838,608

8,916,617

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 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 3 September 2025 and were signed on its behalf by:

Mrs P M Ball - Director

1.	STATUTORY INFORMATION

R C Tinsley Worth's Ltd 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 represents net invoiced sales of produce, excluding value added tax. Sales of produce are recognised upon despatch.

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

-

1 - 15 years straight line and Nil

Plant and machinery etc

-

12.5% on reducing balance and 4% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Stocks

Stock is valued on basis consistent with that of the previous year in accordance with HS232 Farm Stock Valuation.

Financial instruments

The company has chosen to adopt the FRS 102A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Basic farm payment

The Basic Farm Payment is recognised in the financial statements in accordance with current H. M. Revenue & Customs guidance.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 6 April 2024

and 5 April 2025

8,187,000

181,855

8,368,855

DEPRECIATION

At 6 April 2024

110,000

32,000

142,000

Charge for year

55,000

14,238

69,238

At 5 April 2025

165,000

46,238

211,238

NET BOOK VALUE

At 5 April 2025

8,022,000

135,617

8,157,617

At 5 April 2024

8,077,000

149,855

8,226,855

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

62,135

94,698

Other debtors

247,477

420,284

309,612

514,982

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

38,121

48,012

Taxation and social security

-

45,058

Other creditors

243,229

200,360

281,350

293,430

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

Value

£

£

171,981

A Ordinary

£0.50

85,991

85,991

85,991

85,991

8.

RESERVES

Capital

Retained

redemption

earnings

reserve

Totals

£

£

£

At 6 April 2024

8,815,340

15,286

8,830,626

Deficit for the year

(78,009

)

(78,009

)

At 5 April 2025

8,737,331

15,286

8,752,617