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REGISTERED NUMBER: 06988191 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2021

for

Hindon Farms Limited

Hindon Farms Limited (Registered number: 06988191)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Hindon Farms Limited

Company Information
for the Year Ended 30 November 2021







DIRECTORS: R T Browne
Mrs D J Barbour
R J Barbour





SECRETARY: Mrs D J Barbour





REGISTERED OFFICE: Oddington Grange
Weston-on-the-Green
Bicester
Oxfordshire
OX25 3QW





REGISTERED NUMBER: 06988191 (England and Wales)





ACCOUNTANTS: Edward J. Baker Ltd.
4 Cobley Close
Woodford Halse
Northamptonshire
NN11 3SY

Hindon Farms Limited (Registered number: 06988191)

Balance Sheet
30 November 2021

30.11.21 30.11.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,414,795 10,233,739

CURRENT ASSETS
Stocks 589,586 344,701
Debtors 5 300,774 217,819
Cash at bank 185,855 338,061
1,076,215 900,581
CREDITORS
Amounts falling due within one year 6 2,231,641 2,092,108
NET CURRENT LIABILITIES (1,155,426 ) (1,191,527 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,259,369

9,042,212

CREDITORS
Amounts falling due after more than one
year

7

(1,213,894

)

(1,285,121

)

PROVISIONS FOR LIABILITIES (93,823 ) (103,506 )
NET ASSETS 7,951,652 7,653,585

CAPITAL AND RESERVES
Called up share capital 974,293 974,293
Share premium 5,979,422 5,979,422
Retained earnings 997,937 699,870
SHAREHOLDERS' FUNDS 7,951,652 7,653,585

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Hindon Farms Limited (Registered number: 06988191)

Balance Sheet - continued
30 November 2021


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 August 2022 and were signed on its behalf by:





Mrs D J Barbour - Director


Hindon Farms Limited (Registered number: 06988191)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

Hindon 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.

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 etc - 25% on reducing balance, 20% on reducing balance and 5% on cost

No depreciation is provided on freehold property since this consists predominantly of farmland.

Stocks
Stocks of growing crops, raw materials and consumables are valued at the lower of cost and estimated selling price less costs to complete and sell.
Harvested crops are valued at 75% of the estimated selling price less costs to sell.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 3 ) .

Hindon Farms Limited (Registered number: 06988191)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2020 9,634,038 885,158 10,519,196
Additions - 292,312 292,312
Disposals - (33,950 ) (33,950 )
At 30 November 2021 9,634,038 1,143,520 10,777,558
DEPRECIATION
At 1 December 2020 - 285,457 285,457
Charge for year - 92,063 92,063
Eliminated on disposal - (14,757 ) (14,757 )
At 30 November 2021 - 362,763 362,763
NET BOOK VALUE
At 30 November 2021 9,634,038 780,757 10,414,795
At 30 November 2020 9,634,038 599,701 10,233,739

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Trade debtors 174,968 46,935
Other debtors 125,806 170,884
300,774 217,819

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.21 30.11.20
£    £   
Bank loans and overdrafts 52,390 52,390
Hire purchase contracts 52,804 46,185
Trade creditors 115,966 53,740
Taxation and social security 80,264 14,365
Other creditors 1,930,217 1,925,428
2,231,641 2,092,108

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.21 30.11.20
£    £   
Bank loans 1,177,546 1,216,500
Hire purchase contracts 36,348 68,621
1,213,894 1,285,121

Hindon Farms Limited (Registered number: 06988191)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2021

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.11.21 30.11.20
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,177,546 1,216,500

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.21 30.11.20
£    £   
Bank loans 1,229,936 1,268,890

The bank loan is secured on the freehold property owned by the company.

9. ULTIMATE CONTROLLING PARTY

The controlling party is The Trustees of the Deana Janette Barbour Sub-Trust..