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REGISTERED NUMBER: 01294854 (England and Wales)















NAISH FARMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025






NAISH FARMS LIMITED (REGISTERED NUMBER: 01294854)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


NAISH FARMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: Lady V C Naish
A C Naish





SECRETARY: Lady V C Naish





REGISTERED OFFICE: South Farm
Budby
Newark
Nottinghamshire
NG22 9EX





REGISTERED NUMBER: 01294854 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

NAISH FARMS LIMITED (REGISTERED NUMBER: 01294854)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,726,136 2,255,155
Investment property 5 800,493 800,493
3,526,629 3,055,648

CURRENT ASSETS
Inventories 783,394 833,111
Debtors 6 1,079,654 1,304,224
Cash at bank and in hand 2,023,816 1,438,228
3,886,864 3,575,563
CREDITORS
Amounts falling due within one year 7 596,770 752,868
NET CURRENT ASSETS 3,290,094 2,822,695
TOTAL ASSETS LESS CURRENT LIABILITIES 6,816,723 5,878,343

CREDITORS
Amounts falling due after more than one year 8 (525,708 ) (553,503 )

PROVISIONS FOR LIABILITIES (595,649 ) (477,530 )
NET ASSETS 5,695,366 4,847,310

CAPITAL AND RESERVES
Called up share capital 9 6,500 6,500
Retained earnings 5,688,866 4,840,810
SHAREHOLDERS' FUNDS 5,695,366 4,847,310

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

NAISH FARMS LIMITED (REGISTERED NUMBER: 01294854)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2025


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 14 May 2025 and were signed on its behalf by:





A C Naish - Director


NAISH FARMS LIMITED (REGISTERED NUMBER: 01294854)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Naish 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Sales are recognised upon despatch of produce.

Intangible assets
Intangible assets consist of entitlements to the basic payment allowance. The entitlements are recognised at market value and written off over the period to 31 January 2020 when the scheme ends.

Property, plant and equipment
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 5% on cost, 4% on cost and not provided
Plant and machinery etc - 25% on reducing balance, 20% on reducing balance, 10% on reducing balance and 5% on cost

No depreciation has been provided for freehold buildings. The directors consider that the lives of these buildings and their residual values are such that their depreciation is not significant.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Inventories
Inventories are valued at the lower of cost and fair value less costs to complete and sell, 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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

NAISH FARMS LIMITED (REGISTERED NUMBER: 01294854)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued

Leasing and hire purchase commitments
Assets acquired under finance leases and hire purchase contracts are capitalised in the balance sheet and are depreciated over their estimated useful lives. The interest element of the rental obligation is charged to the profit and loss account over the period of the lease. The capital element of future lease payments is included in creditors.

Rentals paid under operating leases are charged to income on a straight line basis over the term of the lease.


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 9 (2024 - 9 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2024 893,514 3,975,568 4,869,082
Additions - 1,084,460 1,084,460
Disposals - (617,062 ) (617,062 )
At 31 January 2025 893,514 4,442,966 5,336,480
DEPRECIATION
At 1 February 2024 514,438 2,099,489 2,613,927
Charge for year 9,901 280,179 290,080
Eliminated on disposal - (293,663 ) (293,663 )
At 31 January 2025 524,339 2,086,005 2,610,344
NET BOOK VALUE
At 31 January 2025 369,175 2,356,961 2,726,136
At 31 January 2024 379,076 1,876,079 2,255,155

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024
and 31 January 2025 800,493
NET BOOK VALUE
At 31 January 2025 800,493
At 31 January 2024 800,493

NAISH FARMS LIMITED (REGISTERED NUMBER: 01294854)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 167,386 391,445
Other debtors 912,268 912,779
1,079,654 1,304,224

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 27,795 26,174
Hire purchase contracts 95,000 -
Trade creditors 49,476 311,307
Taxation and social security 204,754 208,377
Other creditors 219,745 207,010
596,770 752,868

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 525,708 553,503

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 395,163 430,958

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
6,500 Ordinary £1 6,500 6,500

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

2025 2024
£    £   
A C Naish
Balance outstanding at start of year 52,134 321,426
Amounts advanced 63,918 -
Amounts repaid (81,001 ) (269,292 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 35,051 52,134

The loans made to the directors were unsecured, interest free and repayable on demand.