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COMPANY REGISTRATION NUMBER: 01442132

Little Rhoden Farm Limited

Filleted Unaudited Financial Statements

31 May 2025

Little Rhoden Farm Limited

Financial Statements

Year ended 31 May 2025

Contents | Page

Statement of financial position | 1

Notes to the financial statements | 3

Little Rhoden Farm Limited

Statement of Financial Position

31 May 2025

| 2025 | 2024
Note | £ | £ | £

Fixed assets

Tangible assets | 5 |  | 932,488 | 1,019,143

Current assets

Stocks | 158,116 |  | 163,913
Debtors | 6 | 32,092 |  | 32,710
Cash at bank and in hand | 578,351 |  | 773,780
| --------- |  | ---------
| 768,559 |  | 970,403

Creditors: amounts falling due within one year | 7 | 11,567 |  | 19,180
| --------- |  | ---------
Net current assets |  | 756,992 | 951,223
|  | ------------ | ------------
Total assets less current liabilities |  | 1,689,480 | 1,970,366

Creditors: amounts falling due after more than one year | 8 |  | 228,552 | 217,884
|  | ------------ | ------------
Net assets |  | 1,460,928 | 1,752,482
|  | ------------ | ------------

Capital and reserves

Called up share capital |  | 1,000 | 1,000
Fair value reserve |  | 337,101 | 338,849
Profit and loss account |  | 1,122,827 | 1,412,633
|  | ------------ | ------------
Shareholders funds |  | 1,460,928 | 1,752,482
|  | ------------ | ------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 May 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Little Rhoden Farm Limited

Statement of Financial Position (continued)

31 May 2025
These financial statements were approved by the board of directors and authorised for issue on 2 January 2026 , and are signed on behalf of the board by:

R C Pemble
Director

Company registration number: 01442132

Little Rhoden Farm Limited

Notes to the Financial Statements

Year ended 31 May 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, United Kingdom.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
After making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future for at least one year from the date of the financial information. For these reasons they continue to adopt the going concern basis in preparing the company's financial information.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. Depreciation is calculated as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Land and buildings - 1% straight line Plant and machinery - 4% straight line Motor vehicles - 20% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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. Loans and borrowings are initially recognised at the 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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).
5. Tangible assets

| Land and buildings | Plant and machinery | Motor vehicles | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 June 2024 and 31 May 2025 | 1,268,716 | 437,887 | 184,349 | 1,890,952
| ------------ | --------- | --------- | ------------
Depreciation |  |  |  |
At 1 June 2024 | 359,826 | 348,623 | 163,360 | 871,809
Charge for the year | 33,977 | 43,789 | 8,889 | 86,655
| ------------ | --------- | --------- | ------------
At 31 May 2025 | 393,803 | 392,412 | 172,249 | 958,464
| ------------ | --------- | --------- | ------------
Carrying amount |  |  |  |
At 31 May 2025 | 874,913 | 45,475 | 12,100 | 932,488
| ------------ | --------- | --------- | ------------
At 31 May 2024 | 908,890 | 89,264 | 20,989 | 1,019,143
| ------------ | --------- | --------- | ------------

The freehold land and property were valued in the year ended 31 May 2010 by BTF Lister. The directors are not aware of any material changes in value in respect of the freehold property and therefore the valuation has not been updated.
6. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 1,128 | 783
Other debtors | 30,964 | 31,927
| -------- | --------
| 32,092 | 32,710
| -------- | --------

7. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 5,473 | 13,541
Other creditors | 6,094 | 5,639
| -------- | --------
| 11,567 | 19,180
| -------- | --------

8. Creditors: amounts falling due after more than one year

| 2025 | 2024
| £ | £
Other creditors | 228,552 | 217,884
| --------- | ---------

£155,375 3% non-voting cumulative preference shares the rights of the shares are non-voting, redeemable at the written request of the shareholder of the company with 60 days written notice to the company secretary. The interest to be paid annually in arrears commencing 1 March 2013.
Bank loans and overdrafts are secured over the land and associated buildings at Crowhurst Farm.