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REGISTERED NUMBER: 04661087 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

HARRISON FARMS (KILHAM) LIMITED

HARRISON FARMS (KILHAM) LIMITED (REGISTERED NUMBER: 04661087)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


HARRISON FARMS (KILHAM) LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTORS: R P Harrison
Mrs A M Harrison
P R M Harrison
J N D Harrison





SECRETARY: Mrs A M Harrison





REGISTERED OFFICE: West End Farm
Kilham
Driffield
East Yorkshire
YO25 4RR





REGISTERED NUMBER: 04661087 (England and Wales)

HARRISON FARMS (KILHAM) LIMITED (REGISTERED NUMBER: 04661087)

STATEMENT OF FINANCIAL POSITION
30 September 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 7,834,773 7,606,159
Investments 5 100 100
7,834,873 7,606,259

CURRENT ASSETS
Inventories 889,112 1,091,864
Debtors 6 1,231,189 993,121
Cash at bank 1,341,286 963,517
3,461,587 3,048,502
CREDITORS
Amounts falling due within one year 7 1,209,431 882,162
NET CURRENT ASSETS 2,252,156 2,166,340
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,087,029

9,772,599

CREDITORS
Amounts falling due after more than one year 8 (283,974 ) (520,954 )

PROVISIONS FOR LIABILITIES (578,218 ) (594,871 )
NET ASSETS 9,224,837 8,656,774

CAPITAL AND RESERVES
Called up share capital 1,040 1,040
Retained earnings 9,223,797 8,655,734
9,224,837 8,656,774

HARRISON FARMS (KILHAM) LIMITED (REGISTERED NUMBER: 04661087)

STATEMENT OF FINANCIAL POSITION - continued
30 September 2024


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

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

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 30 May 2025 and were signed on its behalf by:




P R M Harrison - Director R P Harrison - Director




Mrs A M Harrison - Director J N D Harrison - Director


HARRISON FARMS (KILHAM) LIMITED (REGISTERED NUMBER: 04661087)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024


1. STATUTORY INFORMATION

Harrison Farms (Kilham) 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.

Going concern
The company has a net asset position and a healthy bank position and the directors are satisfied that there are sufficient resources in place to continue operating for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Significant judgements and estimates
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Critical judgements in applying the company's policies
No significant judgements have had to be made by management in preparing these financial statements.

Critical accounting estimates and assumptions
The directors do not consider that any estimates or assumptions used in the preparation of these financial statements have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Revenue
Revenue represents goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration.

Property, plant and equipment
Items of property, plant and equipment are initially measured at cost. After initial recognition items of property, plant and equipment are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off the cost of each asset overs its estimated useful life.

Freehold property- 2% straight line basis excluding land
Leasehold land and buildings- 4% straight line basis
Plant and machinery- 15% reducing balance basis
Fixtures and fittings- 20% reducing balance basis
Motor vehicles- 25% and 15% reducing balance basis


Inventories
Biological assets, agricultural produce and other inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct material, and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

HARRISON FARMS (KILHAM) LIMITED (REGISTERED NUMBER: 04661087)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties.

Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs 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 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Hire purchase and leasing commitments
Assets acquired under finance lease agreements, including hire purchase agreements, are capitalised and the corresponding liability is included in creditors. Finance lease interest is charged to the profit and loss account on a sum of digits basis over the period of the agreement. Operating lease rentals are charged against profits of the period to which they relate.

Pension costs and other post-retirement benefits
Payments to defined contribution pension schemes are charged as an expense in the period to which they relate.

Fixed asset investments
Fixed asset investments are initially measured at cost. After initial recognition fixed asset investments are measured at fair value with changes in fair value recognised in the income statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

HARRISON FARMS (KILHAM) LIMITED (REGISTERED NUMBER: 04661087)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


4. PROPERTY, PLANT AND EQUIPMENT
Leasehold
Freehold land and Plant and Motor
property buildings machinery vehicles Totals
£    £    £    £    £   
COST
At 1 October 2023 4,755,071 498,549 3,274,488 1,002,048 9,530,156
Additions 305,646 - 364,332 59,475 729,453
Disposals - - (184,887 ) - (184,887 )
At 30 September 2024 5,060,717 498,549 3,453,933 1,061,523 10,074,722
DEPRECIATION
At 1 October 2023 - 178,676 1,509,409 235,912 1,923,997
Charge for year - 19,819 288,109 133,653 441,581
Eliminated on disposal - - (125,629 ) - (125,629 )
At 30 September 2024 - 198,495 1,671,889 369,565 2,239,949
NET BOOK VALUE
At 30 September 2024 5,060,717 300,054 1,782,044 691,958 7,834,773
At 30 September 2023 4,755,071 319,873 1,765,079 766,136 7,606,159

Included in cost of land and buildings is freehold land of £ 5,060,717 (2023 - £ 4,755,071 ) which is not depreciated.

The net book value of property, plant and equipment includes £697,992 (2023 £831,493) in respect of assets held under hire purchase contracts.

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 October 2023
and 30 September 2024 100
NET BOOK VALUE
At 30 September 2024 100
At 30 September 2023 100

6. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 743,133 521,432
Other debtors 358,358 357,836
1,101,491 879,268

Amounts falling due after more than one year:
Other debtors 129,698 113,853

Aggregate amounts 1,231,189 993,121

HARRISON FARMS (KILHAM) LIMITED (REGISTERED NUMBER: 04661087)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 107,874 104,794
Hire purchase contracts 140,161 78,250
Trade creditors 562,818 375,586
Taxation and social security 107,933 63,203
Other creditors 290,645 260,329
1,209,431 882,162

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 225,177 333,086
Hire purchase contracts 27,234 187,868
Other creditors 31,563 -
283,974 520,954

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 333,051 437,880
Hire purchase contracts 167,395 266,118
500,446 703,998

Bank loans are secured by way of fixed and floating charges over the company's assets together with a mortgage over certain land and property owned by the company.

Finance lease and hire purchase liabilities are secured on the underlying assets.

10. OTHER FINANCIAL COMMITMENTS

At the year end the company had commitments under non-cancellable operating leases of £377,802 (2023 - £14,677).

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
R P Harrison and Mrs A M Harrison
Balance outstanding at start of year - -
Amounts advanced 38,526 -
Amounts repaid (30,136 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,390 -

HARRISON FARMS (KILHAM) LIMITED (REGISTERED NUMBER: 04661087)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


12. RELATED PARTY DISCLOSURES

The company paid rent to the directors in the sum of £114,000 (2023 £114,000). There were no amounts outstanding at the year end.

The directors have made interest free loans to the company. The amount owed to them at the year end was £164,427 (2023 - £149,292).