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Company No: 00544674 (England and Wales)

E K HOOPER AND SONS LIMITED

Unaudited Financial Statements
For the financial year ended 30 September 2024
Pages for filing with the registrar

E K HOOPER AND SONS LIMITED

Unaudited Financial Statements

For the financial year ended 30 September 2024

Contents

E K HOOPER AND SONS LIMITED

BALANCE SHEET

As at 30 September 2024
E K HOOPER AND SONS LIMITED

BALANCE SHEET (continued)

As at 30 September 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 119,844 131,479
Investments 4 151,003 151,003
270,847 282,482
Current assets
Stocks 5 80,123 158,769
Debtors 6 298,967 374,639
379,090 533,408
Creditors: amounts falling due within one year 7 ( 252,012) ( 817,686)
Net current assets/(liabilities) 127,078 (284,278)
Total assets less current liabilities 397,925 (1,796)
Creditors: amounts falling due after more than one year 8 ( 608,696) ( 102,113)
Provision for liabilities 0 ( 10,744)
Net liabilities ( 210,771) ( 114,653)
Capital and reserves
Called-up share capital 10 3,201 3,201
Profit and loss account ( 213,972 ) ( 117,854 )
Total shareholders' deficit ( 210,771) ( 114,653)

For the financial year ending 30 September 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of E K Hooper and Sons Limited (registered number: 00544674) were approved and authorised for issue by the Board of Directors on 14 May 2025. They were signed on its behalf by:

Miss J Hooper
Director
E K HOOPER AND SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
E K HOOPER AND SONS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 September 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

E K Hooper and Sons Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is South Farm, Tarrant Hinton, Blandford, DT11 8HX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The Company meets its day to day working capital requirements through their overdraft facility with HSBC Bank plc, which is no longer secured by a fixed and floating charges over the Company's assets. Recent discussions have not indicated that our bankers intend to withdraw their facility within the foreseeable future.

The company had a loan facility of £300,000 from UKAL No1 Limited, which was secured by fixed and floating charges over the company's assets dated 23 October 2020. This loan of £300,000, plus accumulated interest for a 36-month period was due for repayment on 6 October 2023. This loan was re-financed with the new loan facility taken out with HSBC. This loan was re-financed and a new £600,000 loan facility taken out with HSBC to repay the UKAL loan and clear down the overdraft facility with HSBC.

The company was affected by the Covid-19 pandemic and obtained a HSBC bounce back loan of £50,000 which is being repaid. This is secured by the UK Government.

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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings 10 years straight line
Plant and machinery 15 % reducing balance
Vehicles 25 % reducing balance
Leases

The Company as lessee
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.

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value. 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. No element of profit is included in the valuation of stock.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Government grants

Government grants are recognised based on the performance model.

A grant that specifies performance conditions is recognised in income only when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the grant proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

Business combintations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of hte combination at the acquisition date if the adjustment is probable and can be measured reliably.

Group accounts not prepared

The company and its joint venture comprise a small group and the directors have taken the exemption not to prepare consolidated group accounts.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

3. Tangible assets

Land and buildings Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 October 2023 154,868 175,578 335,550 665,996
Additions 0 8,451 13,207 21,658
At 30 September 2024 154,868 184,029 348,757 687,654
Accumulated depreciation
At 01 October 2023 151,437 137,026 246,054 534,517
Charge for the financial year 563 7,054 25,676 33,293
At 30 September 2024 152,000 144,080 271,730 567,810
Net book value
At 30 September 2024 2,868 39,949 77,027 119,844
At 30 September 2023 3,431 38,552 89,496 131,479

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 October 2023 151,003
At 30 September 2024 151,003
Carrying value at 30 September 2024 151,003
Carrying value at 30 September 2023 151,003

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
30.09.2024
Ownership
30.09.2023
Brixeys Limited South Farm, Tarrant Hinton, Blandford Forum, Dorset, DT11 8HX Letting of commercial property Ordinary 50.00% 50.00%

The profit for the financial period of Brixeys Limited was £20,402 and the aggregate amount of Capital and reserves at the end of the period was £355,008.

5. Stocks

2024 2023
£ £
Stocks 14,873 41,810
Crops 65,250 116,959
80,123 158,769

6. Debtors

2024 2023
£ £
Trade debtors 1,700 33,104
Amounts owed by Group undertakings 146,452 164,170
Other debtors 150,815 177,365
298,967 374,639

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans and overdrafts 132,290 623,750
Trade creditors 35,428 109,190
Taxation and social security 18,329 0
Obligations under finance leases and hire purchase contracts 28,383 22,918
Other creditors 37,582 61,828
252,012 817,686

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £88,963 (2023: £389,619)

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 560,136 37,069
Obligations under finance leases and hire purchase contracts 42,560 59,044
Other creditors 6,000 6,000
608,696 102,113

Creditors include bank loans and net obligations under finance lease and hire purchase contracts which are secured of £541,594 (2023: £59,044 ).

9. Related party transactions

Transactions with entities in which the entity itself has a participating interest

2024 2023
£ £
Balance at start of period 164,170 166,084
Advanced 5,289 9,086
Repaid (23,006) (11,000)
Balance at end of period 146,452 164,170

Terms of loans to related parties
During the year ended 30 September 2024 the company made an advance to a UK company in which it holds a 50% non-controlling shareholding. This loan is interest-free with no terms for repayment.

Transactions with the entity's directors

2024 2023
£ £
Balance at start of period (37,134) (77,584)
Advanced 92,428 40,450
Repaid (24,248) 0
Balance at end of period 31,046 (37,134)

During the current and prior periods the company made advances to its 3 directors, which are interest-free and repayable on demand.

10. Called-up share capital

Allotted, called-up and fully-paid

2024 2023
£ £
3,201 Ordinary shares of £1.00 each 3,201 3,201