REGISTERED NUMBER: 03201207 (England and Wales)

R.J. & S.A. Rowe Farms Limited

Unaudited Financial Statements for the Year Ended 31 July 2025

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R J Rowe

Mrs S A Rowe

R J Rowe

REGISTERED OFFICE:

4 King Square

Bridgwater

Somerset

TA6 3YF

REGISTERED NUMBER:

03201207 (England and Wales)

ACCOUNTANTS:

Maxwells

Chartered Accountants

4 King Square

Bridgwater

Somerset

TA6 3YF

BANKERS:

Barclays Bank plc

46 North Street

Taunton

Somerset

TA1 1LZ

FIXED ASSETS

Tangible assets

5

6,659,478

6,328,277

CURRENT ASSETS

Stocks

229,360

265,550

Debtors

244,895

106,048

Cash at bank

541,327

337,093

1,015,582

708,691

CREDITORS

Amounts falling due within one year

993,665

2,420,437

NET CURRENT ASSETS/(LIABILITIES)

21,917

(1,711,746

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,681,395

4,616,531

CREDITORS

Amounts falling due after more than one year

6

(1,523,034

)

-

PROVISIONS FOR LIABILITIES

(276,395

)

(223,211

)

NET ASSETS

4,881,966

4,393,320

CAPITAL AND RESERVES

Called up share capital

1,902,000

1,902,000

Retained earnings

2,979,966

2,491,320

SHAREHOLDERS' FUNDS

4,881,966

4,393,320

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 July 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by:

Mrs S A Rowe - Director

1.	STATUTORY INFORMATION

R.J. & S.A. Rowe 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.	STATEMENT OF COMPLIANCE

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.

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, 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.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and not provided

The Directors have undertaken an impairment review upon the dairy herd which indicates that the value of the dairy herd is greater than the carrying value as shown at the balance sheet date in line with FRS 102.

No depreciation has been charged on improvements to property on the grounds that it would be immaterial. This is because the estimated residual value of the asset is not materially different from the carrying amount.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 August 2024

7,290,574

Additions

612,362

Disposals

(326,900

)

At 31 July 2025

7,576,036

DEPRECIATION

At 1 August 2024

962,297

Charge for year

159,813

Eliminated on disposal

(205,552

)

At 31 July 2025

916,558

NET BOOK VALUE

At 31 July 2025

6,659,478

At 31 July 2024

6,328,277

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

31.7.25

31.7.24

£

£

Repayable by instalments

Bank loans

1,097,099

-

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

£

Bank loans

1,599,625

1,729,809

The bank loans are secured by way of fixed charges against the following property and by a floating charge over all of the company's assets present and future;

1. Various parcels of land at Kingston St Mary, Broomfield and Spaxton, Somerset

2. Horsen Farm, Simonsbath, Minehead, Somerset

3. 44 Acres of Land at Rackhouse Farm, Broomfield, Somerset

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R J Rowe and S A Rowe.

The company was controlled throughout the current and previous periods by its directors, R J and S A Rowe, by virtue of the fact that between them they own the majority of the company's Ordinary share capital.