IRIS Accounts Production v24.1.0.578 03378682 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh033786822022-12-31033786822023-12-31033786822023-01-012023-12-31033786822021-12-31033786822022-01-012022-12-31033786822022-12-3103378682ns15:EnglandWales2023-01-012023-12-3103378682ns14:PoundSterling2023-01-012023-12-3103378682ns10:Director12023-01-012023-12-3103378682ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3103378682ns10:SmallEntities2023-01-012023-12-3103378682ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3103378682ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3103378682ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3103378682ns10:FullAccounts2023-01-012023-12-3103378682ns10:RegisteredOffice2023-01-012023-12-3103378682ns5:CurrentFinancialInstruments2023-12-3103378682ns5:CurrentFinancialInstruments2022-12-3103378682ns5:Non-currentFinancialInstruments2023-12-3103378682ns5:Non-currentFinancialInstruments2022-12-3103378682ns5:ShareCapital2023-12-3103378682ns5:ShareCapital2022-12-3103378682ns5:RetainedEarningsAccumulatedLosses2023-12-3103378682ns5:RetainedEarningsAccumulatedLosses2022-12-3103378682ns5:LeaseholdImprovements2022-12-3103378682ns5:PlantMachinery2022-12-3103378682ns5:FurnitureFittings2022-12-3103378682ns5:LeaseholdImprovements2023-01-012023-12-3103378682ns5:PlantMachinery2023-01-012023-12-3103378682ns5:FurnitureFittings2023-01-012023-12-3103378682ns5:LeaseholdImprovements2023-12-3103378682ns5:PlantMachinery2023-12-3103378682ns5:FurnitureFittings2023-12-3103378682ns5:LeaseholdImprovements2022-12-3103378682ns5:PlantMachinery2022-12-3103378682ns5:FurnitureFittings2022-12-3103378682ns5:MotorVehicles2022-12-3103378682ns5:ComputerEquipment2022-12-3103378682ns5:MotorVehicles2023-01-012023-12-3103378682ns5:ComputerEquipment2023-01-012023-12-3103378682ns5:MotorVehicles2023-12-3103378682ns5:ComputerEquipment2023-12-3103378682ns5:MotorVehicles2022-12-3103378682ns5:ComputerEquipment2022-12-3103378682ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3103378682ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3103378682ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3103378682ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3103378682ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-12-3103378682ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2022-12-31
REGISTERED NUMBER: 03378682 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

THE HEPWORTH HALL FARMING COMPANY
LIMITED

THE HEPWORTH HALL FARMING COMPANY
LIMITED (REGISTERED NUMBER: 03378682)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


THE HEPWORTH HALL FARMING COMPANY
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: M T Hunnable





REGISTERED OFFICE: Hepworth Hall
Hedingham Road
Halstead
Essex
CO9 2QN





REGISTERED NUMBER: 03378682 (England and Wales)





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

THE HEPWORTH HALL FARMING COMPANY
LIMITED (REGISTERED NUMBER: 03378682)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,100 41,357

CURRENT ASSETS
Stocks 5 56,945 55,610
Debtors 6 5,599 1,434
Cash at bank and in hand 26,133 20,787
88,677 77,831
CREDITORS
Amounts falling due within one year 7 10,099 3,822
NET CURRENT ASSETS 78,578 74,009
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,678

115,366

CREDITORS
Amounts falling due after more than one
year

8

1,062,793

1,067,463
NET LIABILITIES (949,115 ) (952,097 )

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Retained earnings (959,115 ) (962,097 )
SHAREHOLDERS' FUNDS (949,115 ) (952,097 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 HEPWORTH HALL FARMING COMPANY
LIMITED (REGISTERED NUMBER: 03378682)

BALANCE SHEET - continued
31 DECEMBER 2023


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 director and authorised for issue on 6 November 2024 and were signed by:





M T Hunnable - Director


THE HEPWORTH HALL FARMING COMPANY
LIMITED (REGISTERED NUMBER: 03378682)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

The Hepworth Hall Farming Company 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 represents net invoiced sales of goods and services excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to leasehold property - 15% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

THE HEPWORTH HALL FARMING COMPANY
LIMITED (REGISTERED NUMBER: 03378682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern
The financial statements have been prepared on a going concern basis as the director is of the opinion that the company remains a going concern.

The company is expected to continue to require support from its holding company, bank and creditors during the next year as efforts are made to further increase the income from the farm's assets. The director considers that the company can in future be placed on a profitable footing and to this end has planned for a number of projects that he expects will provide new sources of income, some in the forthcoming financial year.

No formal going concern assessments has been made for the next 12 months due to the continuing uncertainties that are present in the farming industry but with the current demand and food-price inflation, the expectations are that there will be increasing returns from the company's activities.

The director is not aware of any current material uncertainties that will affect the company's financial position.

Government grants
Government grants are credited to income on a receivable basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023
and 31 December 2023 18,153 183,233 2,658
DEPRECIATION
At 1 January 2023 18,153 149,366 2,658
Charge for year - 4,232 -
Reclassification/transfer - - -
At 31 December 2023 18,153 153,598 2,658
NET BOOK VALUE
At 31 December 2023 - 29,635 -
At 31 December 2022 - 33,867 -

THE HEPWORTH HALL FARMING COMPANY
LIMITED (REGISTERED NUMBER: 03378682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 7,200 798 212,042
DEPRECIATION
At 1 January 2023 - 508 170,685
Charge for year 930 93 5,255
Reclassification/transfer 1,002 - 1,002
At 31 December 2023 1,932 601 176,942
NET BOOK VALUE
At 31 December 2023 5,268 197 35,100
At 31 December 2022 7,200 290 41,357

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 January 2023
and 31 December 2023 7,200
DEPRECIATION
At 1 January 2023 1,002
Charge for year 930
At 31 December 2023 1,932
NET BOOK VALUE
At 31 December 2023 5,268
At 31 December 2022 6,198

5. STOCKS
2023 2022
£    £   
Raw materials 12,850 14,750
Work-in-progress 39,220 36,580
Finished goods 4,875 4,280
56,945 55,610

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
VAT 5,599 1,434

THE HEPWORTH HALL FARMING COMPANY
LIMITED (REGISTERED NUMBER: 03378682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 2,335 -
Trade creditors 115 260
Social security and other taxes 113 655
Other creditors 5,086 557
Accruals and deferred income 2,450 2,350
10,099 3,822

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans more 5 yr by instal 327,886 327,886
Hire purchase contracts 1,167 5,837
Amounts owed to group undertakings 733,740 733,740
1,062,793 1,067,463

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 327,886 327,886

9. RELATED PARTY DISCLOSURES

The director had an interest in Hummable Holdings Limited, the holding company which has loaned to this company £733,740 (2021: £733,740).

10. ULTIMATE CONTROLLING PARTY

The director regards Hunnable Holdings Limited, incorporated in England, as being the ultimate holding company.