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REGISTERED NUMBER: 10823329 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Hallam Farms Limited

Hallam Farms Limited (Registered number: 10823329)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Hallam Farms Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: J H Hallam





REGISTERED OFFICE: Old Hall Farm
High Street
Holme
Newark
Nottinghamshire
NG23 7RZ





REGISTERED NUMBER: 10823329 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Hallam Farms Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Hallam Farms Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Hallam Farms Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Hallam Farms Limited and state those matters that we have agreed to state to the director of Hallam Farms Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Hallam Farms Limited and its director for our work or for this report.

It is your duty to ensure that Hallam Farms Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Hallam Farms Limited. You consider that Hallam Farms Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Hallam Farms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Office 1
Engine House
Marshalls Yard
Gainsborough
Lincolnshire
DN21 2NA


12 February 2025

Hallam Farms Limited (Registered number: 10823329)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 334,546 269,316

CURRENT ASSETS
Stocks 489,170 682,747
Debtors 5 70,864 67,106
560,034 749,853
CREDITORS
Amounts falling due within one year 6 431,337 468,228
NET CURRENT ASSETS 128,697 281,625
TOTAL ASSETS LESS CURRENT
LIABILITIES

463,243

550,941

CREDITORS
Amounts falling due after more than one
year

7

(324,380

)

(297,267

)

PROVISIONS FOR LIABILITIES (83,637 ) (51,668 )
NET ASSETS 55,226 202,006

CAPITAL AND RESERVES
Called up share capital 9 2,000 2,000
Retained earnings 53,226 200,006
SHAREHOLDERS' FUNDS 55,226 202,006

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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 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 11 February 2025 and were signed by:





J H Hallam - Director


Hallam Farms Limited (Registered number: 10823329)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Hallam 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 - 15% on reducing balance
Computer equipment - 20% on cost
Motor vehicles - 15% on reducing balance
Tractors - 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 enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.

Hallam Farms Limited (Registered number: 10823329)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer Motor
machinery equipment vehicles Tractors Totals
£    £    £    £    £   
COST
At 1 July 2023 118,707 575 37,078 257,000 413,360
Additions 27,065 - - 181,000 208,065
Disposals - - - (158,000 ) (158,000 )
At 30 June 2024 145,772 575 37,078 280,000 463,425
DEPRECIATION
At 1 July 2023 43,858 284 2,758 97,144 144,044
Charge for year 14,270 115 5,148 25,765 45,298
Eliminated on disposal - - - (60,463 ) (60,463 )
At 30 June 2024 58,128 399 7,906 62,446 128,879
NET BOOK VALUE
At 30 June 2024 87,644 176 29,172 217,554 334,546
At 30 June 2023 74,849 291 34,320 159,856 269,316

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 34,917 25,068
Other debtors 35,947 42,038
70,864 67,106

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 143,298 210,219
Hire purchase contracts 39,033 26,655
Trade creditors 68,394 61,682
Taxation and social security 1,140 1,707
Other creditors 179,472 167,965
431,337 468,228

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 293,180 297,267
Hire purchase contracts 31,200 -
324,380 297,267

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 257,180 241,267

Hallam Farms Limited (Registered number: 10823329)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 134,298 196,219
Bank loans 302,180 311,267
Hire purchase contracts 70,233 26,655
506,711 534,141

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2,000 Ordinary £1 2,000 2,000