REGISTERED NUMBER: 00690797 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

F. HAROLD ROCKCLIFFE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R C Rockcliffe

A F Rockcliffe

SECRETARY:

R C Rockcliffe

REGISTERED OFFICE:

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

REGISTERED NUMBER:

00690797 (England and Wales)

ACCOUNTANTS:

Wheelers

Chartered Accountants & Tax Consultants

27-29 Old Market

Wisbech

Cambridgeshire

PE13 1NE

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

511,483

587,475

Investments

6

20

46

Investment property

7

1,000,000

1,000,000

1,511,503

1,587,521

CURRENT ASSETS

Stocks

217,516

234,308

Debtors

8

149,129

97,119

Cash at bank and in hand

349,649

289,988

716,294

621,415

CREDITORS

Amounts falling due within one year

9

561,796

461,071

NET CURRENT ASSETS

154,498

160,344

TOTAL ASSETS LESS CURRENT LIABILITIES

1,666,001

1,747,865

CREDITORS

Amounts falling due after more than one year

10

-

(46,257

)

PROVISIONS FOR LIABILITIES

(179,976

)

(194,181

)

NET ASSETS

1,486,025

1,507,427

CAPITAL AND RESERVES

Called up share capital

5,100

5,100

Revaluation reserve

12

520,502

520,502

Retained earnings

960,423

981,825

SHAREHOLDERS' FUNDS

1,486,025

1,507,427

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 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 16 December 2025 and were signed on its behalf by:

R C Rockcliffe - Director

1.	STATUTORY INFORMATION

F. Harold Rockcliffe Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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 as modified by the revaluation of certain assets.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

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.

Sugar beet quota are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold and leasehold property

-

10% on reducing balance and 4% on cost

Plant and machinery

-

25% on reducing balance and 20% on cost

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

Investment properties in accordance with Financial Reporting Standard 102 are revalued annually by the directors on an informal basis, and the aggregate surplus or deficit included in profit for the year together with a provision for corporation tax on capital gains which would arise if in the future the properties were sold at the balance sheet value. The net amount is not distributable and transferred to a revaluation reserve. No depreciation is provided in respect of investment properties.

In addition to the investment properties, in which the freehold is owned by the company it also has various Agricultural Holdings Act tenancies over land, buildings and cottages. Some of these cottages are let by the company. As the company does not hold the freehold in these cottages, these properties are accounted for in accordance with section 17 of Financial Reporting Standard 102 under the cost model.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a pension scheme for the benefit of some of its employees. The scheme is a defined contribution scheme, and the contributions are charged against profits as they are paid.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

1,000

AMORTISATION

At 1 April 2024

and 31 March 2025

1,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Freehold

and

Fixtures

leasehold

Plant and

and

Motor

property

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 April 2024

1,123,218

589,859

3,994

61,576

1,778,647

Additions

-

15,614

-

-

15,614

Disposals

(5,007

)

(48,493

)

(2,740

)

(1,150

)

(57,390

)

At 31 March 2025

1,118,211

556,980

1,254

60,426

1,736,871

DEPRECIATION

At 1 April 2024

702,186

459,583

3,881

25,522

1,191,172

Charge for year

39,071

33,409

22

8,999

81,501

Eliminated on disposal

-

(43,483

)

(2,711

)

(1,091

)

(47,285

)

At 31 March 2025

741,257

449,509

1,192

33,430

1,225,388

NET BOOK VALUE

At 31 March 2025

376,954

107,471

62

26,996

511,483

At 31 March 2024

421,032

130,276

113

36,054

587,475

Included in cost of land and buildings is freehold land of £ 31,062 (2024 - £ 31,062 ) which is not depreciated.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

91,000

DEPRECIATION

At 1 April 2024

17,063

Charge for year

18,484

At 31 March 2025

35,547

NET BOOK VALUE

At 31 March 2025

55,453

At 31 March 2024

73,937

6.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

31.3.25

31.3.24

£

£

Investments other than loans

20

46

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

1,000,000

NET BOOK VALUE

At 31 March 2025

1,000,000

At 31 March 2024

1,000,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

1,000,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

278,817

278,817

Investment property was valued on an open market basis on 31 March 2025 by the directors .

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

65,002

20,567

Other debtors

84,127

76,552

149,129

97,119

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

13,488

12,994

Trade creditors

86,369

34,989

Taxation and social security

19,410

16,543

Other creditors

442,529

396,545

561,796

461,071

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

-

13,488

Other creditors

-

32,769

-

46,257

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

13,488

26,482

Pension fund loan

32,714

64,497

46,202

90,979

12.

RESERVES

Revaluation

reserve

£

At 1 April 2024

and 31 March 2025

520,502