REGISTERED NUMBER: 03651914 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Rudbaxton Farms Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D W N Llewellin

H Llewellin

B W D Llewellin

L R S Llewellin

T G J Llewellin

T J Llewellin

SECRETARY:

D W N Llewellin

REGISTERED OFFICE:

Great Rudbaxton Farm

Rudbaxton

Haverfordwest

Pembrokeshire

SA62 4DB

REGISTERED NUMBER:

03651914 (England and Wales)

ACCOUNTANTS:

Guilfoyle Sage LLP

21 Gold Tops

Newport

South Wales

NP20 4PG

FIXED ASSETS

Tangible assets

5

295,216

221,688

CURRENT ASSETS

Stocks

15,323

15,322

Debtors

6

307,629

396,863

Investments

7

14,910

12,745

Cash at bank

323,518

324,047

661,380

748,977

CREDITORS

Amounts falling due within one year

8

137,381

168,474

NET CURRENT ASSETS

523,999

580,503

TOTAL ASSETS LESS CURRENT LIABILITIES

819,215

802,191

PROVISIONS FOR LIABILITIES

68,464

49,966

NET ASSETS

750,751

752,225

CAPITAL AND RESERVES

Called up share capital

9

100

100

Capital redemption reserve

1

1

Retained earnings

750,650

752,124

SHAREHOLDERS' FUNDS

750,751

752,225

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 23 December 2025 and were signed on its behalf by:

D W N Llewellin - Director

H Llewellin - Director

1.	STATUTORY INFORMATION

Rudbaxton Farms Limited is a private company, limited by shares and is incorporated in England and Wales. The company's registered number is 03651914 and its registered office is Great Rudbaxton Farm, Rudbaxton, Haverfordwest, Pembrokeshire SA62 4DB.

These financial statements are the company's separate financial statements, covering the year to 31 March 2025 and are presented in Sterling (£), the company's functional currency, rounded to the nearest pound.

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

2.	STATEMENT OF COMPLIANCE

The individual financial statements of Rudbaxton Farms Limited have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 net of VAT and trade discounts.

Turnover from the sale of goods and services is recognised when significant risks and rewards of ownership of the goods and services have been transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Freehold property improvements - 2% on cost

Plant and machinery - 15% on cost

Motor vehicles - 20% on cost

Non derivative financial instruments

Financial assets and financial liabilities are recognised in the company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

Non-derivative financial instruments comprise trade and other debtors, cash and cash equivalents, trade and other creditors and interest free loans.

Debtors and creditors with no stated interest rate are receivable or payable within one year and are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Cash and cash equivalents comprise cash at bank and in hand.

Loans and borrowings and concessionary loans are initially recognised at transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method less impairment. If an arrangement constitutes a finance transaction it is measured at present value. Loans and borrowings receivable within one year are not discounted.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Current asset investments and investment income

Listed investments are stated at market value at the balance sheet date. Realised and unrealised gains and

losses on investments arising from revaluations and disposals are dealt with via the Profit and Loss Account.

Investment income is recognised when receivable.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

23,019

321,572

344,591

Additions

-

129,358

129,358

At 31 March 2025

23,019

450,930

473,949

DEPRECIATION

At 1 April 2024

1,196

121,707

122,903

Charge for year

460

55,370

55,830

At 31 March 2025

1,656

177,077

178,733

NET BOOK VALUE

At 31 March 2025

21,363

273,853

295,216

At 31 March 2024

21,823

199,865

221,688

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

42,482

27,275

Amounts owed by group undertakings

228,521

335,435

Other debtors

36,626

34,153

307,629

396,863

7.	CURRENT ASSET INVESTMENTS

31.3.25

31.3.24

£

£

Listed investments

14,910

12,745

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

13,511

12,145

Taxation and social security

33,117

31,166

Other creditors

90,753

125,163

137,381

168,474

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

40

A Ordinary

£1

40

40

60

B Ordinary

£1

60

60

100

100

10.	ULTIMATE CONTROLLING PARTY

The ultimate parent company is Rudbaxton Holdings Limited, a company registered in England and Wales and whose registered office is Great Rudbaxton Farm, Rudbaxton, Haverfordwest, Pembrokeshire, United Kingdom, SA62 4DB.