REGISTERED NUMBER: 01890669 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

ROUGH HOUSE FARMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs J A Shaxson

J D Shaxson

SECRETARY:

Mrs J A Shaxson

REGISTERED OFFICE:

The Roughs

Elsted

Midhurst

West Sussex

GU29 0JY

REGISTERED NUMBER:

01890669 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Intangible assets

4

652

652

Tangible assets

5

1,269,195

1,247,062

Investments

6

102

102

1,269,949

1,247,816

CURRENT ASSETS

Stocks

150,238

188,590

Debtors

7

1,313,384

1,291,519

Cash at bank and in hand

36,923

135

1,500,545

1,480,244

CREDITORS

Amounts falling due within one year

8

152,030

123,600

NET CURRENT ASSETS

1,348,515

1,356,644

TOTAL ASSETS LESS CURRENT LIABILITIES

2,618,464

2,604,460

CREDITORS

Amounts falling due after more than one year

9

(1,463,438

)

(1,454,282

)

PROVISIONS FOR LIABILITIES

(65,191

)

(65,191

)

NET ASSETS

1,089,835

1,084,987

CAPITAL AND RESERVES

Called up share capital

100

100

Share premium

738,497

738,497

Retained earnings

351,238

346,390

SHAREHOLDERS' FUNDS

1,089,835

1,084,987

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 8th December 2025 and were signed on its behalf by:

Mrs J A Shaxson - Director

1.	STATUTORY INFORMATION

Rough House Farms 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements are being amortised evenly over their estimated useful life of nil years.

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

-

10% on reducing balance and 4% on cost

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

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 1 (2024 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st April 2024

and 31st March 2025

652

NET BOOK VALUE

At 31st March 2025

652

At 31st March 2024

652

5.	TANGIBLE FIXED ASSETS

Tractors

Freehold

Plant and

and

property

machinery

combines

£

£

£

COST

At 1st April 2024

1,215,239

614,581

328,552

Additions

-

6,520

167,000

Disposals

-

(649

)

(138,000

)

At 31st March 2025

1,215,239

620,452

357,552

DEPRECIATION

At 1st April 2024

329,116

386,078

199,927

Charge for year

18,166

27,764

19,106

Eliminated on disposal

-

-

(53,251

)

At 31st March 2025

347,282

413,842

165,782

NET BOOK VALUE

At 31st March 2025

867,957

206,610

191,770

At 31st March 2024

886,123

228,503

128,625

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1st April 2024

10,491

947

2,169,810

Additions

-

-

173,520

Disposals

-

-

(138,649

)

At 31st March 2025

10,491

947

2,204,681

DEPRECIATION

At 1st April 2024

6,680

947

922,748

Charge for year

953

-

65,989

Eliminated on disposal

-

-

(53,251

)

At 31st March 2025

7,633

947

935,486

NET BOOK VALUE

At 31st March 2025

2,858

-

1,269,195

At 31st March 2024

3,811

-

1,247,062

Included in cost of land and buildings is freehold land of £ 652,587 (2024 - £ 652,587 ) which is not depreciated.

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2025

2024

£

£

Chichester Grain Share

102

102

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

658

-

Other debtors

30,000

30,000

Directors' current accounts

926,090

904,675

VAT

12,707

3,419

Prepayments and accrued income

34,470

43,966

1,003,925

982,060

Amounts falling due after more than one year:

S455 tax

309,459

309,459

Aggregate amounts

1,313,384

1,291,519

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

25,000

56,541

Hire purchase contracts

46,355

45,563

Trade creditors

69,375

5,807

Social security and other taxes

-

4,389

Accrued expenses

11,300

11,300

152,030

123,600

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

1,311,705

1,340,705

Hire purchase contracts

151,733

113,577

1,463,438

1,454,282

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There were loans to a director of £926,091 at the year end (2024: £904,674)