Rossington Farms Limited - Period Ending 2025-03-31

Registration number: 03560614

Rossington Farms Limited

Unaudited Financial Statements

for the Year Ended 31 March 2025

Rossington Farms Limited

(Registration number: 03560614)

Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	2,840,270	2,771,285
Investment properties	4	450,000	450,000
Investments	5	523	523
		3,290,793	3,221,808
Current assets
Debtors	6	3,657,727	3,761,023
Cash at bank and in hand		287,450	103,065
		3,945,177	3,864,088
Creditors: Amounts falling due within one year	7	(840,853)	(836,007)
Net current assets		3,104,324	3,028,081
Total assets less current liabilities		6,395,117	6,249,889
Provisions for liabilities		(19,357)	(19,357)
Net assets		6,375,760	6,230,532
Capital and reserves
Called up share capital		100	100
Fair value reserve		173,927	173,927
Retained earnings		6,201,733	6,056,505
Shareholders' funds		6,375,760	6,230,532

For the financial 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

Rossington Farms Limited

(Registration number: 03560614)

Balance Sheet as at 31 March 2025 (continued)

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 6 October 2025 and signed on its behalf by:

.........................................

Mr P J Rossington

Director

Rossington Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	Accounting policies

Statutory information

Rossington Farms Limited is a private company, limited by shares, domiciled in England and Wales, company number 03560614. The registered office is at Sutton House Farm, Mattersey Road, Sutton-cum-Lound, Retford, DN22 8PW.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises rents receivable and farming income. Rental income is recognised on a straight line basis over the lease term. Farming income is recognised at the point of service delivery or the sale of goods.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land	not depreciated
Plant and machinery	25% straight line
Motor vehicles	25% straight line

Rossington Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

1	Accounting policies (continued)

Investment properties

Investment properties are carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors with the assistance of external valuers as detailed in note 4 of the financial statements. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

3	Tangible assets

Freehold land
£

Plant and machinery
£

Motor vehicles
£

Total
£

Cost

At 1 April 2024

2,753,331

28,350

-

2,781,681

Additions

75,520

3,260

121,968

200,748

Disposals

(70,000)

-

(53,768)

(123,768)

At 31 March 2025

2,758,851

31,610

68,200

2,858,661

Depreciation

At 1 April 2024

-

10,396

-

10,396

Charge for the year

-

6,574

2,541

9,115

Eliminated on disposal

-

-

(1,120)

(1,120)

At 31 March 2025

-

16,970

1,421

18,391

Carrying amount

At 31 March 2025

2,758,851

14,640

66,779

2,840,270

At 31 March 2024

2,753,331

17,954

-

2,771,285

Rossington Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4	Investment properties

Valuation	£
At 1 April 2024	450,000
At 31 March 2025	450,000

The investment properties were valued by the directors on 31 March 2025. On a historical cost basis the investment properties would have been included at £256,716 (2024: £256,716).

5	Investments

	2025 £	2024 £
Investments in subsidiaries	523	523

Subsidiaries

£

Cost

At 1 April 2024 and 31 March 2025

523

Carrying amount

At 31 March 2024 and 31 March 2025

523

Details of undertakings

Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2025	2024
Subsidiary undertakings
West Point Leeds Limited	England	Ordinary 'A', 'B' & 'D'	52%	52%

Rossington Farms Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

6

Debtors

	2025 £	2024 £
Trade debtors	-	2,750
Amounts owed by group undertakings	2,616	2,616
Other debtors	3,654,927	3,755,460
Prepayments	184	197
	3,657,727	3,761,023

7

Creditors

2025
£

2024
£

Due within one year

Trade creditors

3,637

616

Other creditors

831,396

829,996

Accruals and deferred income

5,820

5,395

840,853

836,007

8

Related party transactions

The company has taken advantage of the exemption available under FRS 102 and has not disclosed related party transactions which are all considered to be at arms length on normal commercial terms.

Included in other debtors is an interest free loan account to Mr P J Rossington, a director of the company, and his wife Mrs D J Rossington. The amount owed to the company at the balance sheet date was £550,424 (2024: £766,222).

9	Ultimate controlling party

The ultimate controlling party is Mr and Mrs P J Rossington.

	Freehold land £	Plant and machinery £	Motor vehicles £	Total £
Cost
At 1 April 2024	2,753,331	28,350	-	2,781,681
Additions	75,520	3,260	121,968	200,748
Disposals	(70,000)	-	(53,768)	(123,768)
At 31 March 2025	2,758,851	31,610	68,200	2,858,661
Depreciation
At 1 April 2024	-	10,396	-	10,396
Charge for the year	-	6,574	2,541	9,115
Eliminated on disposal	-	-	(1,120)	(1,120)
At 31 March 2025	-	16,970	1,421	18,391
Carrying amount
At 31 March 2025	2,758,851	14,640	66,779	2,840,270
At 31 March 2024	2,753,331	17,954	-	2,771,285

Subsidiaries	£
Cost
At 1 April 2024 and 31 March 2025	523
Carrying amount
At 31 March 2024 and 31 March 2025	523

	2025 £	2024 £
Due within one year
Trade creditors	3,637	616
Other creditors	831,396	829,996
Accruals and deferred income	5,820	5,395
	840,853	836,007