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REGISTERED NUMBER: 01826519 (England and Wales)






Horsfields (Swithen Farm) 1984 Limited

Financial Statements

for the Year Ended 31 January 2025






Horsfields (Swithen Farm) 1984 Limited (Registered number: 01826519)

Contents of the Financial Statements
for the year ended 31 January 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Horsfields (Swithen Farm) 1984 Limited

Company Information
for the year ended 31 January 2025







DIRECTOR: Mr J A Horsfield





REGISTERED OFFICE: Swithen Farm
Huddersfield Road
Haigh
Barnsley
South Yorkshire
S75 4DG





REGISTERED NUMBER: 01826519 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Accountants & Business Advisors
33 George Street
Wakefield
West Yorkshire
WF1 1LX

Horsfields (Swithen Farm) 1984 Limited (Registered number: 01826519)

Balance Sheet
31 January 2025

2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 530,175 520,233

CURRENT ASSETS
Stocks 60,063 75,608
Debtors 5 8,031 14,197
Investments 6 15 15
68,109 89,820
CREDITORS
Amounts falling due within one year 7 94,165 95,878
NET CURRENT LIABILITIES (26,056 ) (6,058 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

504,119

514,175

CREDITORS
Amounts falling due after more than one year 8 (2,103 ) (26,106 )

PROVISIONS FOR LIABILITIES (10,179 ) (7,069 )
NET ASSETS 491,837 481,000

Horsfields (Swithen Farm) 1984 Limited (Registered number: 01826519)

Balance Sheet - continued
31 January 2025

2025 2024
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 10 6,500 6,500
Share premium 112,500 112,500
Capital redemption reserve 3,500 3,500
Retained earnings 369,337 358,500
SHAREHOLDERS' FUNDS 491,837 481,000

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 director acknowledges his 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 director and authorised for issue on 22 July 2025 and were signed by:





Mr J A Horsfield - Director


Horsfields (Swithen Farm) 1984 Limited (Registered number: 01826519)

Notes to the Financial Statements
for the year ended 31 January 2025


1. STATUTORY INFORMATION

Horsfields (Swithen Farm) 1984 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 functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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 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.
Freehold land and property - 2% on cost
Plant and machinery - 10% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on cost

All fixed assets are initially recorded at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

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.

Financial assets are derecognised when and only when; a) the contractual rights to the cash flows from the financial asset expire or are settled, b) the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or, c) the company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires.


Horsfields (Swithen Farm) 1984 Limited (Registered number: 01826519)

Notes to the Financial Statements - continued
for the year ended 31 January 2025


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4. TANGIBLE FIXED ASSETS
Freehold Fixtures
land and Plant and and Motor
property machinery fittings vehicles Totals
£ £ £ £ £
COST
At 1 February 2024 530,557 245,534 2,283 21,250 799,624
Additions - - - 25,000 25,000
At 31 January 2025 530,557 245,534 2,283 46,250 824,624
DEPRECIATION
At 1 February 2024 47,530 209,874 737 21,250 279,391
Charge for year 6,429 6,297 232 2,100 15,058
At 31 January 2025 53,959 216,171 969 23,350 294,449
NET BOOK VALUE
At 31 January 2025 476,598 29,363 1,314 22,900 530,175
At 31 January 2024 483,027 35,660 1,546 - 520,233

Horsfields (Swithen Farm) 1984 Limited (Registered number: 01826519)

Notes to the Financial Statements - continued
for the year ended 31 January 2025


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Trade debtors 1,008 7,328
VAT 1,309 1,320
Prepayments and accrued income 5,714 5,549
8,031 14,197

6. CURRENT ASSET INVESTMENTS
2025 2024
£ £
Other investments 15 15

The investment represents 1 ordinary share in United Oilseeds.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£ £
Bank loans and overdrafts 30,514 31,651
Trade creditors 1,493 1,332
Corporation tax 1,102 6,990
Directors' current accounts 57,265 50,920
Accruals and deferred income 3,791 4,985
94,165 95,878

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£ £
Bank loans - 1-2 years 2,103 23,550
Bank loans - 2-5 years - 2,556
2,103 26,106

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£ £
Bank loans 25,653 49,656

The loan is secured by a legal charge over the assets of the company.

Horsfields (Swithen Farm) 1984 Limited (Registered number: 01826519)

Notes to the Financial Statements - continued
for the year ended 31 January 2025


10. CALLED UP SHARE CAPITAL

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