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REGISTERED NUMBER: 01627251 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Honiley Farms Limited

Honiley Farms Limited (Registered number: 01627251)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Honiley Farms Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mr C B Wade
Mr N W P Wade
Mrs M Wade





SECRETARY: Mr C B Wade





REGISTERED OFFICE: 66 Holloway Head
Birmingham
B1 1NG





REGISTERED NUMBER: 01627251 (England and Wales)





ACCOUNTANTS: Methven Accountancy Services Limited
76 Waltham Way
Chingford
London
E4 8HE

Honiley Farms Limited (Registered number: 01627251)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 194,047 192,283

CURRENT ASSETS
Stocks 5 90,000 97,011
Debtors 6 101,318 105,301
Cash at bank and in hand 23,792 17,261
215,110 219,573
CREDITORS
Amounts falling due within one year 7 93,238 101,114
NET CURRENT ASSETS 121,872 118,459
TOTAL ASSETS LESS CURRENT
LIABILITIES

315,919

310,742

CREDITORS
Amounts falling due after more than one
year

8

(453,000

)

(453,000

)

PROVISIONS FOR LIABILITIES (48,512 ) (38,481 )
NET LIABILITIES (185,593 ) (180,739 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (185,693 ) (180,839 )
SHAREHOLDERS' FUNDS (185,593 ) (180,739 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Honiley Farms Limited (Registered number: 01627251)

Balance Sheet - continued
31 July 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 10 April 2025 and were signed on its behalf by:





Mr C B Wade - Director


Honiley Farms Limited (Registered number: 01627251)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Honiley 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.

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.

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 - 5% on reducing balance
Fixtures and fittings - 15% on reducing balance
Agricultural vehicles - 5% 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.

Fertilisers, seeds, sprays etc are stated at cost of acquisition. Crops and dead stock are valued at averaged cultivation costs.

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.

Honiley Farms Limited (Registered number: 01627251)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Agricultural
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 August 2023 319,123 25,116 269,867 614,106
Additions - - 12,083 12,083
At 31 July 2024 319,123 25,116 281,950 626,189
DEPRECIATION
At 1 August 2023 282,573 24,097 115,153 421,823
Charge for year 1,827 153 8,339 10,319
At 31 July 2024 284,400 24,250 123,492 432,142
NET BOOK VALUE
At 31 July 2024 34,723 866 158,458 194,047
At 31 July 2023 36,550 1,019 154,714 192,283

5. STOCKS
31.7.24 31.7.23
£    £   
Stocks 90,000 97,011

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 37,138 56,375
Other debtors 64,180 48,926
101,318 105,301

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 39,991 51,173
Tax 801 (3,964 )
Social security and other taxes 746 862
Other creditors 51,700 53,043
93,238 101,114

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Amounts owed to group undertakings 453,000 453,000