REGISTERED NUMBER: 03134605 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Roydon Hall Farms Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

Mr M C Rae

Secretary:

Ms A Rae

Registered office:

Church Lane

Roydon

King's Lynn

Norfolk

PE32 1AR

Registered number:

03134605 (England and Wales)

Accountants:

Stephenson Smart (East Anglia) Limited

Chartered Accountants

22-26 King Street

King's Lynn

Norfolk

PE30 1HJ

Fixed assets

Tangible assets

5

1,499,892

1,423,252

Current assets

Stocks

323,525

258,442

Debtors

6

272,267

64,387

Investments

7

1

1

Cash at bank

89,036

209,650

684,829

532,480

Creditors

Amounts falling due within one year

8

(802,793

)

(750,368

)

Net current liabilities

(117,964

)

(217,888

)

Total assets less current liabilities

1,381,928

1,205,364

Creditors

Amounts falling due after more than one year

9

(93,817

)

(61,800

)

Provisions for liabilities

(255,832

)

(228,832

)

Net assets

1,032,279

914,732

Capital and reserves

Called up share capital

15,000

15,000

Retained earnings

1,017,279

899,732

Shareholders' funds

1,032,279

914,732

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 27 November 2025 and were signed by:

Mr M C Rae - Director

1.	Statutory information

Roydon Hall 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.

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

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.

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.

Significant judgements and estimates

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.

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 the cost less estimated residual value of each asset over its estimated useful life.

Freehold property

-

Straight line over 50 years

Long leasehold

-

Straight line over 50 years

Plant and machinery

-

10% p.a. reducing balance

Office equipment

-

15% p.a. reducing balance

Motor vehicles

-

10% - 20% on reducing balance

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 revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company classifies its financial instruments in the following categories: measured at amortised cost; and measured at fair value through profit and loss. The classification is determined at initial recognition and depends on the purpose for which the financial instruments are required.

Measured at amortised cost includes non-derivative financial assets and liabilities with fixed or determinable payments that are not quoted in an active market. Financial assets are included in current assets, except where the maturity date is more than 12 months after the end of the reporting period. They are initially recorded at fair value and subsequently recorded at amortised cost. Financial liabilities are included in current liabilities, except where the maturity date is more than 12 months after the end of the reporting period. They are initially measured at original cost, less amortisation or provisions raised.

Measured at fair value through profit and loss includes financial assets and liabilities. They are classified according to maturity date, within current and non-current assets and liabilities respectively.

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.

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 2 (2024 - 2 ) .

5.	Tangible fixed assets

Freehold

Long

Plant and

property

leasehold

machinery

£

£

£

Cost

At 1 March 2024

576,225

617,804

1,212,553

Additions

-

-

161,669

At 28 February 2025

576,225

617,804

1,374,222

Depreciation

At 1 March 2024

107,124

217,762

833,604

Charge for year

11,525

12,356

42,002

At 28 February 2025

118,649

230,118

875,606

Net book value

At 28 February 2025

457,576

387,686

498,616

At 29 February 2024

469,101

400,042

378,949

Office

Motor

equipment

vehicles

Totals

£

£

£

Cost

At 1 March 2024

6,319

535,072

2,947,973

Additions

-

-

161,669

At 28 February 2025

6,319

535,072

3,109,642

Depreciation

At 1 March 2024

6,120

360,111

1,524,721

Charge for year

30

19,116

85,029

At 28 February 2025

6,150

379,227

1,609,750

Net book value

At 28 February 2025

169

155,845

1,499,892

At 29 February 2024

199

174,961

1,423,252

6.

Debtors: amounts falling due within one year

28.2.25

29.2.24

£

£

Trade debtors

203,384

43,828

Other debtors

68,883

20,559

272,267

64,387

7.	Current asset investments

28.2.25

29.2.24

£

£

Other investments

1

1

8.

Creditors: amounts falling due within one year

28.2.25

29.2.24

£

£

Bank loans and overdrafts

22,811

22,557

Hire purchase contracts

39,288

25,336

Trade creditors

145,291

61,024

Taxation and social security

8,003

8,963

Other creditors

587,400

632,488

802,793

750,368

9.

Creditors: amounts falling due after more than one year

28.2.25

29.2.24

£

£

Bank loans

14,539

37,437

Hire purchase contracts

79,278

24,363

93,817

61,800

10.	Secured debts

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Bank loans

37,350

59,994

Hire purchase contracts

118,566

49,699

155,916

109,693

Hire purchase liabilities are secured on the assets to which they relate.

11.	Related party disclosures

The company was under the control of its Director throughout the current and previous year.

The Director has provided security for the company's bank borrowings by way of a legal mortgage over the personally owned farm property. This is to support the security provided by the company.

During the year there were net transactions with the director of £28,754 (2024: £595,433). At the balance sheet date an amount of £566,864 (2024: £595,618) was owed to the director by the company.

No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.