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REGISTERED NUMBER: 03265080 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

HEPBURN FARM LIMITED

HEPBURN FARM LIMITED (REGISTERED NUMBER: 03265080)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


HEPBURN FARM LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Andrew Atkinson





REGISTERED OFFICE: Croft House Farm
Long Lane
Felliscliffe
Harrogate
North Yorkshire
HG3 2LU





REGISTERED NUMBER: 03265080 (England and Wales)





AUDITORS: Walter Dawson & Son
Chartered Accountants
16 Omega Business Village
Thurston Road
Northallerton
North Yorkshire
DL6 2NJ

HEPBURN FARM LIMITED (REGISTERED NUMBER: 03265080)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 1,991,767 1,906,423
Investments 5 2 2
1,991,769 1,906,425

CURRENT ASSETS
Stocks 75,819 147,260
Debtors 6 85,058 195,673
Cash at bank 7,139 3,261
168,016 346,194
CREDITORS
Amounts falling due within one year 7 81,112 1,630
NET CURRENT ASSETS 86,904 344,564
TOTAL ASSETS LESS CURRENT LIABILITIES 2,078,673 2,250,989

CREDITORS
Amounts falling due after more than one
year

8

(24,759

)

-

PROVISIONS FOR LIABILITIES (907 ) -
NET ASSETS 2,053,007 2,250,989

CAPITAL AND RESERVES
Called up share capital 2,564,001 2,564,001
Share premium 45,000 45,000
Retained earnings (555,994 ) (358,012 )
2,053,007 2,250,989

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 22 January 2025 and were signed by:




Andrew Atkinson - Director


HEPBURN FARM LIMITED (REGISTERED NUMBER: 03265080)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. 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.

RELATED PARTY EXEMPTION
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements have been fully amortised.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


HEPBURN FARM LIMITED (REGISTERED NUMBER: 03265080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

1. ACCOUNTING POLICIES - continued
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.

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.

INCOME RECOGNITION
Income is recognised when goods have been delivered to customers such that the risks and rewards of ownership have transferred to them.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

3. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023 24,161
Disposals (24,161 )
At 30 April 2024 -
AMORTISATION
At 1 May 2023 24,161
Charge written back (24,161 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

HEPBURN FARM LIMITED (REGISTERED NUMBER: 03265080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 2,255,430 28,866 (289 )
Additions 11,174 70,450 28,893
At 30 April 2024 2,266,604 99,316 28,604
DEPRECIATION
At 1 May 2023 349,007 28,866 (289 )
Charge for year 13,516 14,090 5,779
At 30 April 2024 362,523 42,956 5,490
NET BOOK VALUE
At 30 April 2024 1,904,081 56,360 23,114
At 30 April 2023 1,906,423 - -

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 29,400 11,517 2,324,924
Additions 10,950 - 121,467
At 30 April 2024 40,350 11,517 2,446,391
DEPRECIATION
At 1 May 2023 29,400 11,517 418,501
Charge for year 2,738 - 36,123
At 30 April 2024 32,138 11,517 454,624
NET BOOK VALUE
At 30 April 2024 8,212 - 1,991,767
At 30 April 2023 - - 1,906,423

HEPBURN FARM LIMITED (REGISTERED NUMBER: 03265080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 May 2023
and 30 April 2024 2
NET BOOK VALUE
At 30 April 2024 2
At 30 April 2023 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 85,058 195,673

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 24,292 -
Trade creditors 52,316 -
Taxation and social security 1,503 -
Other creditors 3,001 1,630
81,112 1,630

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 24,759 -

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

The Report of the Auditors was unqualified.

J. Richard Hall (Senior Statutory Auditor)
for and on behalf of Walter Dawson & Son

10. RELATED PARTY DISCLOSURES

Throughout the period Mr Andrew Atkinson and Mrs Jillian Atkinson each had control of more than 25% but less than 50% of the voting shares in the parent company, and together with their involvement in its day-to-day management, were deemed to be the controlling parties for the purposes of Financial Reporting Standard No. 102.

As at 30th April 2024 the following amounts were owed by group companies to Hepburn Farm Limited: Andrew Atkinson Livestock Limited £65,721 (2023: £162,940).

HEPBURN FARM LIMITED (REGISTERED NUMBER: 03265080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

11. ULTIMATE PARENT COMPANY

The ultimate parent company is Andrew Atkinson Livestock Limited, a company registered in England.