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REGISTERED NUMBER: 05420451 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 March 2020

for

Roding Valley Farming Limited

Roding Valley Farming Limited (Registered number: 05420451)






Contents of the Financial Statements
for the Year Ended 31 March 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Roding Valley Farming Limited

Company Information
for the Year Ended 31 March 2020







DIRECTORS: D J McGowan
J B S Gwatkin





REGISTERED OFFICE: Mascallsbury Farm
White Roding
Dunmow
Essex
CM6 1RN





REGISTERED NUMBER: 05420451 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Roding Valley Farming Limited (Registered number: 05420451)

Abridged Balance Sheet
31 March 2020

31.3.20 31.3.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 462,032 491,529

CURRENT ASSETS
Stocks 41,679 41,495
Debtors 146,243 44,854
187,922 86,349
CREDITORS
Amounts falling due within one year 582,906 559,877
NET CURRENT LIABILITIES (394,984 ) (473,528 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,048

18,001

CREDITORS
Amounts falling due after more than one
year

21,650

-
NET ASSETS 45,398 18,001

CAPITAL AND RESERVES
Called up share capital 5 2 2
Retained earnings 45,396 17,999
SHAREHOLDERS' FUNDS 45,398 18,001

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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.

Roding Valley Farming Limited (Registered number: 05420451)

Abridged Balance Sheet - continued
31 March 2020


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 Balance Sheet for the year ended 31 March 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 and authorised for issue on 29 January 2021 and were signed on its behalf by:





D J McGowan - Director


Roding Valley Farming Limited (Registered number: 05420451)

Notes to the Financial Statements
for the Year Ended 31 March 2020

1. STATUTORY INFORMATION

Roding Valley Farming 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.

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.
Plant and machinery - 20% on reducing balance and 15% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 20% on reducing balance

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 only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Roding Valley Farming Limited (Registered number: 05420451)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2020

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2019 - 6 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2019 861,976
Additions 107,844
Disposals (58,862 )
At 31 March 2020 910,958
DEPRECIATION
At 1 April 2019 370,447
Charge for year 106,766
Eliminated on disposal (28,287 )
At 31 March 2020 448,926
NET BOOK VALUE
At 31 March 2020 462,032
At 31 March 2019 491,529

5. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.20 31.3.19
value: £    £   
2 Ordinary £1 2 2