R & R Farms (Wrentham) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02845574

R & R Farms (Wrentham) Limited

Unaudited financial statements

For the year ended

31 March 2025

R & R Farms (Wrentham) Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5	1,701,348	1,467,856
Investments	6	124	124
		-----------	-----------
		1,701,472	1,467,980

Current assets

Stocks	7	13,000	13,000
Debtors	8	1,277,054	1,320,189
Cash at bank and in hand		205,724	201,019
		-----------	-----------
		1,495,778	1,534,208

Creditors: Amounts falling due within one year	9	( 466,327)		( 466,945)
		-----------		-----------
Net current assets			1,029,451		1,067,263
			-----------		-----------
Total assets less current liabilities			2,730,923		2,535,243

Creditors: Amounts falling due after more than one year	10		( 254,248)		( 147,166)

Provisions

Taxation including deferred tax	( 412,250)	( 365,266)
	-----------	-----------
Net assets	2,064,425	2,022,811
	-----------	-----------

Capital and reserves

Called up share capital	1,000	1,000
Capital redemption reserve	1,000	1,000
Profit and loss account	2,062,425	2,020,811
	-----------	-----------
Shareholders funds	2,064,425	2,022,811
	-----------	-----------

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 income statement has not been delivered.

For the year ending 31 March 2025 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 .

R & R Farms (Wrentham) Limited

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 17 October 2025 , and are signed on behalf of the board by:

Mr R P Middleditch	Mr C R Middleditch
Director	Director

Company registration number: 02845574

R & R Farms (Wrentham) Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Priory Farm, Wrentham, Beccles, Suffolk, NR34 7LR.

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 and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods 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.

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:

Improvements to Leasehold Property	-	5% straight line
Plant & Machinery	-	15% reducing balance
Motor Vehicles	-	15% reducing balance

Investments

Fixed asset investments are initially recorded at cost. Where available these are subsequently measured at fair value with changes in fair value being recognised in profit or loss.

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.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Employee numbers

The average number of employees during the year was 5 (2024: 5 ).

5. Tangible assets

	Improve-ments to Leasehold Property	Plant & Machinery	Motor Vehicles	Total
	£	£	£	£
Cost
At 1 April 2024	355,291	3,193,326	83,764	3,632,381
Additions	–	654,592	22,500	677,092
Disposals	–	( 331,391)	( 11,100)	( 342,491)
	---------	-----------	-------	-----------
At 31 March 2025	355,291	3,516,527	95,164	3,966,982
	---------	-----------	-------	-----------
Depreciation
At 1 April 2024	195,778	1,941,394	27,352	2,164,524
Charge for the year	17,765	232,910	9,365	260,040
Disposals	–	( 149,423)	( 9,507)	( 158,930)
	---------	-----------	-------	-----------
At 31 March 2025	213,543	2,024,881	27,210	2,265,634
	---------	-----------	-------	-----------
Carrying amount
At 31 March 2025	141,748	1,491,646	67,954	1,701,348
	---------	-----------	-------	-----------
At 31 March 2024	159,513	1,251,932	56,412	1,467,857
	---------	-----------	-------	-----------

6. Investments

	Other investments other than loans
	£
Cost
At 1 April 2024 and 31 March 2025	124
	----
Impairment
At 1 April 2024 and 31 March 2025	–
	----

Carrying amount
At 31 March 2025	124
	----
At 31 March 2024	124
	----

7. Stocks

	2025	2024
	£	£
Raw materials and consumables	13,000	13,000
	-------	-------

8. Debtors

	2025	2024
	£	£
Trade debtors	929,828	1,026,106
Other debtors	347,226	294,083
	-----------	-----------
	1,277,054	1,320,189
	-----------	-----------

9. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	23,780	19,510
Trade creditors	236,664	253,269
Accruals and deferred income	4,875	4,970
Corporation tax	–	31,225
Social security and other taxes	11,211	23,501
Obligations under finance leases and hire purchase contracts	189,797	134,470
	---------	---------
	466,327	466,945
	---------	---------

Obligations under hire purchase agreements are secured on the assets concerned which amounts to £189,797 (2024: £134,470).

Bank loans and overdrafts are secured in full by the company.

10. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	33,174	60,665
Other creditors	221,074	86,501
	---------	---------
	254,248	147,166
	---------	---------

Obligations under hire purchase agreements are secured on the assets concerned which amounts to £221,074 (2024: £86,501).

Bank loans and overdrafts are secured in full by the company.

11. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	73,000	48,000
	-------	-------