RJ & JM Bowen Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10220908 (England and Wales)

RJ & JM Bowen Limited

Unaudited Financial Statements

for the Year Ended 31 December 2017

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

RJ Bowen

Mrs JM Bowen

REGISTERED OFFICE:

Northgate Farm

St Weonards

United Kingdom

Herefordshire

HR2 8QF

REGISTERED NUMBER:

10220908 (England and Wales)

ACCOUNTANTS:

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Amberley Court

Sutton St Nicholas

Hereford

Herefordshire

HR1 3BX

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Statement of Retained Income and Earnings and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of RJ & JM Bowen Limited for the year ended 31 December 2017 which comprise the Statement of Income and

Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of RJ & JM Bowen Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of RJ & JM Bowen Limited and state those matters that we have agreed to state to the Board of Directors of RJ & JM Bowen Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than RJ & JM Bowen Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that RJ & JM Bowen Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of RJ & JM Bowen Limited. You consider that RJ & JM Bowen Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of RJ & JM Bowen Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Amberley Court

Sutton St Nicholas

Hereford

Herefordshire

HR1 3BX

16 July 2018

FIXED ASSETS

Tangible assets

4

1,218,340

-

CURRENT ASSETS

Stocks

180,721

-

Debtors

5

27,369

1,000

208,090

1,000

CREDITORS

Amounts falling due within one year

6

307,441

-

NET CURRENT (LIABILITIES)/ASSETS

(99,351

)

1,000

TOTAL ASSETS LESS CURRENT LIABILITIES

1,118,989

1,000

CREDITORS

Amounts falling due after more than one year

7

(1,199,595

)

-

PROVISIONS FOR LIABILITIES

9

(131,593

)

-

NET (LIABILITIES)/ASSETS

(212,199

)

1,000

CAPITAL AND RESERVES

Allotted, issued and fully paid share capital

1,000

1,000

Retained earnings

(213,199

)

-

(212,199

)

1,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 Board of Directors on 12 June 2018 and were signed on its behalf by:

RJ Bowen - Director

1.	STATUTORY INFORMATION

RJ & JM Bowen 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company has negative reserves due to egg production not starting until after the year end. The directors have

confirmed that they will not withdraw their directors loan account to the detriment of other creditors.

The directors have considered the financial requirements of the company and consider that it will be able to operate within

its agreed finance facilities for the next 12 months. The directors therefore consider it appropriate to prepare the accounts

on the going concern basis.

Tangible fixed assets

Fixed assets were not in use at the year end therefore depreciation has not been in charged.

Stocks

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

items.

The company owns chickens for egg production which are regarded as biological assets. These are depreciated on a

straight line basis over their useful life of 14 months.

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.

3.

EMPLOYEES

The average number of employees during the year was NIL (2016 - NIL).

4.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

property

machinery

Totals

£

£

£

£

COST

Additions

75,000

450,747

692,593

1,218,340

At 31 December 2017

75,000

450,747

692,593

1,218,340

NET BOOK VALUE

At 31 December 2017

75,000

450,747

692,593

1,218,340

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

388

-

Other debtors

600

-

VAT

26,381

-

Called up share capital not paid

-

1,000

27,369

1,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Bank loans and overdrafts

88,655

-

Trade creditors

129,083

-

Other creditors

14,703

-

Directors' current accounts

74,000

-

Accruals and deferred income

1,000

-

307,441

-

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2017

2016

£

£

Bank loans - 1-2 years

48,000

-

Bank loans - 2-5 years

177,000

-

Bank loans more than 5 years by instalments

974,595

-

1,199,595

-

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years by instalments

974,595

-

8.	SECURED DEBTS

The following secured debts are included within creditors:

2017

2016

£

£

Bank loans

1,239,843

-

The loans are secured over a fixed charge of the land at Northgate Farm, St Weonards owned by the company.

9.	PROVISIONS FOR LIABILITIES

2017

2016

£

£

Deferred tax

Accelerated capital allowances

131,593

-

Deferred

tax

£

Provided during year

131,593

Balance at 31 December 2017

131,593