RJB Farming Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06503789 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

RJB Farming Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R M Archer

Mr P J Archer

Mrs B Archer

Mrs A E Mihangel

SECRETARY:

Mr P J Archer

REGISTERED OFFICE:

Bank Farm

Hollins Lane

Marbury

Cheshire

SY13 4LN

REGISTERED NUMBER:

06503789 (England and Wales)

ACCOUNTANTS:

Benson Accountants

Wiza House

Station Road

Wigton

Cumbria

CA7 9BA

FIXED ASSETS

Tangible assets

4

4,875,474

1,998,218

CURRENT ASSETS

Stocks

1,766,305

2,002,850

Debtors

5

365,040

320,940

Cash at bank

-

4,126

2,131,345

2,327,916

CREDITORS

Amounts falling due within one year

6

2,747,983

2,490,332

NET CURRENT LIABILITIES

(616,638

)

(162,416

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,258,836

1,835,802

CREDITORS

Amounts falling due after more than one
year

7

(3,621,193

)

(1,015,490

)

PROVISIONS FOR LIABILITIES

-

(35,583

)

NET ASSETS

637,643

784,729

CAPITAL AND RESERVES

Called up share capital

111

Retained earnings

637,532

784,618

SHAREHOLDERS' FUNDS

637,643

784,729

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2025 and were signed on its behalf by:

Mr P J Archer - Director

Mrs B Archer - Director

Mr R M Archer - Director

Mrs A E Mihangel - Director

1.	STATUTORY INFORMATION

RJB Farming 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.

Plant and machinery

-

15% on reducing balance

Office equipment

-

33% on cost

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 Income Statement, 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 10 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

Office

property

machinery

equipment

Totals

£

COST

At 1 April 2024

1,746,348

30,227

576,570

747

2,353,892

Additions

2,895,726

-

18,655

-

2,914,381

Disposals

-

(5,629

)

-

(5,629

)

At 31 March 2025

4,642,074

30,227

589,596

747

5,262,644

DEPRECIATION

At 1 April 2024

-

354,927

747

355,674

Charge for year

-

35,854

-

35,854

Eliminated on disposal

-

(4,358

)

-

(4,358

)

At 31 March 2025

-

386,423

747

387,170

NET BOOK VALUE

At 31 March 2025

4,642,074

30,227

203,173

-

4,875,474

At 31 March 2024

1,746,348

30,227

221,643

-

1,998,218

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Trade debtors

252,259

269,693

Other debtors

112,781

51,247

365,040

320,940

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Bank loans and overdrafts

158,810

42,103

Trade creditors

260,398

269,923

Taxation and social security

20,977

20,980

Other creditors

2,307,798

2,157,326

2,747,983

2,490,332

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

Bank loans

3,621,193

1,015,490

8.	SECURED DEBTS

Lloyds Bank plc took a fixed and floating charge over all assets of the company. They also hold floating charges over land at Hurst Hall and Wrenbury Road, Marbury, Whitchurch, Shropshire. This is land owned outside the company by a partnership in which the directors are also partners.

9.	RELATED PARTY DISCLOSURES

During the year, the directors lent the company monies. At the year end, the company owed the directors £461,870 (2024 - £544,192). This loan is interest free, unsecured and repayable on demand.

Some of the directors and shareholders are also directors and shareholders in the company, Archer Farming Company. During the year the company entered into market value transactions with the company. These transactions are represented by a loan with the company. At the balance sheet date, the balance owed to the company was £1,672,742 (2024 - £1,540,107) and is included in other creditors.This loan is unsecured, interest free and repayable on demand.

Some of the directors and shareholders are also partners in the partnership, John Archer Farms. During the year the company entered into market value transactions with the partnership. These transactions are represented by a loan with the company. At the balance sheet date, the balance owed from the partnership was £14,198 (2024 - £49,983) and is included in other creditors.This loan is unsecured, interest free and repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The company is controlled by the directors who own 100% of the called up share capital.