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REGISTERED NUMBER: 02104284 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

HARTLEY PARK FARMS LIMITED

HARTLEY PARK FARMS LIMITED (REGISTERED NUMBER: 02104284)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


HARTLEY PARK FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: T J Butler
S J Butler
N D Butler
Mrs E A Butler





SECRETARY: Mrs E A Butler





REGISTERED OFFICE: Hartley Park Farm
Selbourne Road
Alton
Hampshire
GU34 3HP





REGISTERED NUMBER: 02104284 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

HARTLEY PARK FARMS LIMITED (REGISTERED NUMBER: 02104284)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,661,614 3,685,695
Investments 6 25 25
3,661,639 3,685,720

CURRENT ASSETS
Stocks 347,556 601,289
Debtors 7 284,395 61,743
Cash at bank 1,441,841 1,220,656
2,073,792 1,883,688
CREDITORS
Amounts falling due within one year 8 1,393,306 1,200,659
NET CURRENT ASSETS 680,486 683,029
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,342,125

4,368,749

CREDITORS
Amounts falling due after more than one
year

9

(560,648

)

(795,188

)

PROVISIONS FOR LIABILITIES (126,878 ) (122,622 )
NET ASSETS 3,654,599 3,450,939

CAPITAL AND RESERVES
Called up share capital 251,261 251,261
Retained earnings 3,403,338 3,199,678
3,654,599 3,450,939

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2024 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.

HARTLEY PARK FARMS LIMITED (REGISTERED NUMBER: 02104284)

BALANCE SHEET - continued
30TH JUNE 2024


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 7th March 2025 and were signed on its behalf by:





T J Butler - Director


HARTLEY PARK FARMS LIMITED (REGISTERED NUMBER: 02104284)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

Hartley Park 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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 20% on reducing balance and at variable rates on reducing balance

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

HARTLEY PARK FARMS LIMITED (REGISTERED NUMBER: 02104284)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
The company holds the following financial instruments:

Short term trade and other debtors and creditors;
Bank loans; and
Cash and bank balances.

All financial instruments are classified as basic.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

HARTLEY PARK FARMS LIMITED (REGISTERED NUMBER: 02104284)

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


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1st July 2023
and 30th June 2024 5,000
AMORTISATION
At 1st July 2023
and 30th June 2024 5,000
NET BOOK VALUE
At 30th June 2024 -
At 30th June 2023 -

HARTLEY PARK FARMS LIMITED (REGISTERED NUMBER: 02104284)

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


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1st July 2023 4,012,585 1,230,727 5,243,312
Additions 11,706 83,196 94,902
Disposals - (28,840 ) (28,840 )
At 30th June 2024 4,024,291 1,285,083 5,309,374
DEPRECIATION
At 1st July 2023 847,872 709,745 1,557,617
Charge for year 34,261 68,110 102,371
Eliminated on disposal - (12,228 ) (12,228 )
At 30th June 2024 882,133 765,627 1,647,760
NET BOOK VALUE
At 30th June 2024 3,142,158 519,456 3,661,614
At 30th June 2023 3,164,713 520,982 3,685,695

Included within the net book value of land and buildings above is £3,142,158 (2023: £3,164,713) in respect of freehold land and buildings.

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1st July 2023
and 30th June 2024 25
NET BOOK VALUE
At 30th June 2024 25
At 30th June 2023 25

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 73,862 36,038
Other debtors 60,533 25,705
134,395 61,743

HARTLEY PARK FARMS LIMITED (REGISTERED NUMBER: 02104284)

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


7. DEBTORS - continued
2024 2023
£    £   
Amounts falling due after more than one year:
Other debtors 150,000 -

Aggregate amounts 284,395 61,743

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 82,220 92,380
Trade creditors 199,650 113,823
Amounts owed to group undertakings 431,278 431,278
Taxation and social security 123,037 117,917
Other creditors 557,121 445,261
1,393,306 1,200,659

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 560,648 795,188

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 46,250 46,250
Between one and five years - 46,250
46,250 92,500

11. RELATED PARTY DISCLOSURES

A loan of £150,000 is included within other debtors due in more than one year due from Butler Brothers Avery Limited, a company controlled by the brother and nephew of Timothy Butler. Interest is charged on the loan at market rate and the term of the loan is 36 months from May 2024.