Hadraj Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 12524856 (England and Wales)

HADRAJ LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

18 MARCH 2020 TO 31 MARCH 2021

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

D G Bewicke-Copley

J W Bewicke-Copley

R T Bewicke-Copley

Miss H Bewicke-Copley

Lord G J Cromwell

REGISTERED OFFICE:

Warren Farm

Swinford Road

Lutterworth

Leicestershire

LE17 4HP

REGISTERED NUMBER:

12524856 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

26 Park Road

Melton Mowbray

Leicestershire

LE13 1TT

FIXED ASSETS

Intangible assets

4

13,497

Property, plant and equipment

5

5,555,575

5,569,072

CURRENT ASSETS

Inventories

16,306

Debtors

6

18,980

Cash at bank

576,961

612,247

CREDITORS

Amounts falling due within one year

7

293,999

NET CURRENT ASSETS

318,248

TOTAL ASSETS LESS CURRENT LIABILITIES

5,887,320

CAPITAL AND RESERVES

Called up share capital

8

200

Share premium

5,625,055

Retained earnings

262,065

SHAREHOLDERS' FUNDS

5,887,320

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2021 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 October 2021 and were signed on its behalf by:

Lord G J Cromwell - Director

1.	STATUTORY INFORMATION

Hadraj 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.	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.

Revenue

Revenue represents net invoiced sales of produce and contracting sales, excluding Value Added Tax, and includes the basic payment and environmental subsidies.

Sales of produce are recognised upon despatch.

The basic payment and environmental subsidies are recognised in the financial statements in accordance with current H M Revenue & Customs guidance.

Intangible assets

Intangible assets consist of entitlements to the basic payment scheme. The entitlements are recognised at cost and written off on a straight line basis over the period to 31 December 2024 when the scheme ends.

Property, plant and equipment

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

-

15% on reducing balance, 3.33% on cost and not provided

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Inventories

Inventories 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 period 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 period 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 contributes to individuals pension accounts. Contribution payments are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

18,405

At 31 March 2021

18,405

AMORTISATION

Charge for period

4,908

At 31 March 2021

4,908

NET BOOK VALUE

At 31 March 2021

13,497

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

Additions

5,550,000

5,630

5,555,630

Disposals

-

(6

)

(6

)

At 31 March 2021

5,550,000

5,624

5,555,624

DEPRECIATION

Charge for period

-

49

49

At 31 March 2021

-

49

49

NET BOOK VALUE

At 31 March 2021

5,550,000

5,575

5,555,575

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade debtors

5,079

Other debtors

12,360

Prepayments and accrued income

1,541

18,980

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

3,944

Tax

65,419

Other creditors

2,551

Directors' current accounts

219,835

Accrued expenses

2,250

293,999

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary 'A'

£1

100

100

Ordinary 'B'

£1

100

200

100 Ordinary 'B' shares of £1 each were allotted and fully paid for cash at par during the period.

100 Ordinary 'A' shares of £1 each were allotted as fully paid at a premium of £56250.55 per share during the period.