REGISTERED NUMBER: 09658088 (England and Wales)

LITTLE ROLLRIGHT FARM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

Page

Balance Sheet

1

to

2

Notes to the Financial Statements

3

to

6

FIXED ASSETS

Tangible assets

4

292,104

217,213

Investment property

5

660,107

-

952,211

217,213

CURRENT ASSETS

Stocks

6

141,178

128,829

Debtors

7

253,178

236,622

Cash at bank and in hand

234,876

156,992

629,232

522,443

CREDITORS

Amounts falling due within one year

8

958,371

539,398

NET CURRENT LIABILITIES

(329,139

)

(16,955

)

TOTAL ASSETS LESS CURRENT LIABILITIES

623,072

200,258

CAPITAL AND RESERVES

Called up share capital

9

389

289

Share premium

3,894,611

2,894,711

Retained earnings

(3,271,928

)

(2,694,742

)

SHAREHOLDERS' FUNDS

623,072

200,258

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

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

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 30 September 2025 and were signed on its behalf by:

T E H Macfarlane - Director

1.	STATUTORY INFORMATION

Little Rollright Farm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09658088

Registered office:

Eighth Floor

6 New Street Square

New Fetter Lane

London

EC4A 3AQ

The company's place of business is Little Rollright Farm, Chipping Norton, Oxfordshire, OX7 5QA.

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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover includes total sale of crops, livestock, government grants received, and rental income and 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.

Tangible fixed assets - 33% on reducing balance, 20% on reducing balance and 20% per annum on cost.

Fixed assets are valued at cost, less depreciation less impairment.

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.

Pensions

Included within wages and salaries are defined contributions to the NEST pension scheme. The amount due for payment at the year end totalled £nil (2023 £nil).

The assets of the pension plan are administered by an independent party which are held separately from the company.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 October 2023

781,013

Additions

167,134

Disposals

(54,102

)

At 30 September 2024

894,045

DEPRECIATION

At 1 October 2023

563,800

Charge for year

63,617

Eliminated on disposal

(25,476

)

At 30 September 2024

601,941

NET BOOK VALUE

At 30 September 2024

292,104

At 30 September 2023

217,213

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

660,107

At 30 September 2024

660,107

NET BOOK VALUE

At 30 September 2024

660,107

The directors consider the fair value of the investment property on an existing use basis as at 30.09.24 to be the same as the price made on acquisition.

6.

STOCKS

Stock/Inventory totals 2024 £141,178, 2023 £128,829.

Stock consists of the following;

Seeds and Fertilisers £9,159 (2023 £14,170)

Livestock £127,259 (2023 £109,190)

Hay £4,760 (2023 £5,469)

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

66,491

35,805

Amounts owed by group undertakings

9,052

-

Other debtors

177,635

200,817

253,178

236,622

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

76,892

120,068

Amounts owed to group undertakings

825,000

410,000

Other creditors

56,479

9,330

958,371

539,398

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

389

Ordinary

£1

389

289

100 Ordinary shares of £1 were issued during the year for cash of £ 1,000,000 .