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REGISTERED NUMBER: 08330209 (England and Wales)









FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

HOB FARMS LIMITED

HOB FARMS LIMITED (REGISTERED NUMBER: 08330209)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HOB FARMS LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2023







DIRECTOR: D B Byrd
S J Houghton





REGISTERED OFFICE: Ascot Road
Pershore
Worcestershire
WR10 2JJ





REGISTERED NUMBER: 08330209 (England and Wales)





AUDITORS: Kingscott Dix (Cheltenham) Limited
Statutory Auditor
Chartered Accountants
Malvern View Business Park
Stella Way
Bishops Cleeve
Cheltenham
Gloucestershire
GL52 7DQ

HOB FARMS LIMITED (REGISTERED NUMBER: 08330209)

BALANCE SHEET
31 January 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 1,611,500 1,611,500

CURRENT ASSETS
Debtors 5 5,784 -
Cash at bank and in hand 44,338 76,436
50,122 76,436
CREDITORS
Amounts falling due within one year 6 (353,763 ) (329,562 )
NET CURRENT LIABILITIES (303,641 ) (253,126 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,307,859

1,358,374

CREDITORS
Amounts falling due after more than one
year

7

(225,224

)

(429,520

)
NET ASSETS 1,082,635 928,854

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,082,535 928,754
SHAREHOLDERS' FUNDS 1,082,635 928,854

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 20 October 2023 and were signed by:




S J Houghton - Director



D B Byrd - Director


HOB FARMS LIMITED (REGISTERED NUMBER: 08330209)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

HOB 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.

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.

Going concern:
The financial statements have been prepared on the going concern basis, as the company continues to meet its debts as they fall due.

Preparation of consolidated financial statements
The financial statements contain information about HOB Farms Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Ferryfast Holdings Limited, Ascot Road, Pershore, Worcestershire, WR10 2JJ.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

HOB FARMS LIMITED (REGISTERED NUMBER: 08330209)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2022
and 31 January 2023 1,611,500
NET BOOK VALUE
At 31 January 2023 1,611,500
At 31 January 2022 1,611,500

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,784 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 96,768 93,870
Other creditors 256,995 235,692
353,763 329,562

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 225,224 429,520

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Gwyneth Milner (Senior Statutory Auditor)
for and on behalf of Kingscott Dix (Cheltenham) Limited

HOB FARMS LIMITED (REGISTERED NUMBER: 08330209)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2023

10. RELATED PARTY DISCLOSURES

The company has taken advantage of the exemption under FRS 102 not to disclose related party transactions with wholly owned group companies.

During the year, the company recharged costs to its parent company of £4,820 (2022 - £nil). At the year end, £5,784 (2022 - £nil) was owed to the company.

During the year, the company made loan repayments to its parent company of £194,813 (2022 - £185,331), of which £26,318 (2022 - £35,800) was interest. At the year end, £420,038 (2022 - £614,851) was owed by the company.

During the year, the company paid dividends to the directors of £258,775 (2022 - £276,004).

11. ULTIMATE CONTROLLING PARTY

The company's immediate controlling party is Ferryfast Holdings Limited, a company incorporated in the UK.