Roger Twidale Farms Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01231073 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 September 2021

for

Roger Twidale Farms Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

M Twidale

N E Twidale

SECRETARY:

REGISTERED OFFICE:

37 Stanton Lane

Stanton on the Wolds

Nottingham

Nottinghamshire

NG12 5BE

REGISTERED NUMBER:

01231073 (England and Wales)

ACCOUNTANTS:

Clayton & Brewill

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

FIXED ASSETS

Investment property

4

2,105,649

2,105,649

CURRENT ASSETS

Cash at bank

122,236

194,877

CREDITORS

Amounts falling due within one year

5

54,500

193,224

NET CURRENT ASSETS

67,736

1,653

TOTAL ASSETS LESS CURRENT LIABILITIES

2,173,385

2,107,302

ACCRUALS AND DEFERRED INCOME

1,363

1,364

NET ASSETS

2,172,022

2,105,938

CAPITAL AND RESERVES

Called up share capital

100

100

Non distributable profit reserve

346,291

346,291

Retained earnings

1,825,631

1,759,547

SHAREHOLDERS' FUNDS

2,172,022

2,105,938

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 15 March 2022 and were signed on its behalf by:

N E Twidale - Director

1.	STATUTORY INFORMATION

Roger Twidale 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.	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.

Adopting FRS 102 has meant that the following accounting policy has changed to comply with the new standard as follows:

- Deferred tax

Under previous GAAP, no deferred tax was recognised in respect of timing differences originating on the revaluation of investment properties. Such timing differences are now recognised giving rise to a provision for the deferred liability.

The reconciliation between the financial statements as previously prepared under UK GAAP and the changes arising due to the transition to FRS 102 can be found further in these notes to the financial statements.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 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.

Investments

Investments held as fixed assets are stated at cost less provisions for any permanent diminution in value.

Government grants and subsidies

Government grants made to compensate for a loss of current or future income are recognised in the profit and loss account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2020

and 30 September 2021

2,105,649

NET BOOK VALUE

At 30 September 2021

2,105,649

At 30 September 2020

2,105,649

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Corporation tax

17,234

23,521

VAT

4,434

4,871

Director's current account

32,832

164,832

54,500

193,224