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REGISTERED NUMBER: 03813823 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2025

for

Bays Leap Dairy Farm Limited

Bays Leap Dairy Farm Limited (Registered number: 03813823)

Contents of the Financial Statements
for the Year Ended 31st March 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bays Leap Dairy Farm Limited

Company Information
for the Year Ended 31st March 2025







DIRECTOR: S C Mellstrom MRICS





SECRETARY: W Munday





REGISTERED OFFICE: Glen House
Glen Road
Grayshott
Hindhead
Surrey
GU26 6NF





REGISTERED NUMBER: 03813823 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

Bays Leap Dairy Farm Limited (Registered number: 03813823)

Balance Sheet
31st March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 4,341,460 3,840,457
Investments 6 265,807 265,807
Investment property 7 450,000 425,000
Herd basis 8 401,950 388,278
5,459,217 4,919,542

CURRENT ASSETS
Stocks 9 448,064 598,376
Debtors 10 313,846 179,765
Cash at bank 161 93
762,071 778,234
CREDITORS
Amounts falling due within one year 11 1,142,397 793,198
NET CURRENT LIABILITIES (380,326 ) (14,964 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,078,891

4,904,578

CREDITORS
Amounts falling due after more than
one year

12

(5,120,052

)

(4,769,409

)

PROVISIONS FOR LIABILITIES 15 - (16,446 )
NET (LIABILITIES)/ASSETS (41,161 ) 118,723

Bays Leap Dairy Farm Limited (Registered number: 03813823)

Balance Sheet - continued
31st March 2025

2025 2024
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 16 1,295 1,295
Share premium 17 1,205,665 1,205,665
Fair value reserve 17 45,654 20,654
Retained earnings 17 (1,293,775 ) (1,108,891 )
SHAREHOLDERS' FUNDS (41,161 ) 118,723

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 18th August 2025 and were signed by:





S C Mellstrom MRICS - Director


Bays Leap Dairy Farm Limited (Registered number: 03813823)

Notes to the Financial Statements
for the Year Ended 31st March 2025


1. STATUTORY INFORMATION

Bays Leap Dairy Farm 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
The accounts have been prepared on a going concern basis as the director is confident that the company's bankers will continue to support the company for the foreseeable future.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Entitlements are being amortised evenly over their estimated useful life of seven years.

Land and buildings
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - at variable rates on reducing balance

Land and buildings cost includes land which has not been depreciated. The directors have valued the cost of the land at £1,469,228.

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.

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

Bays Leap Dairy Farm Limited (Registered number: 03813823)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period 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.

Dairy herd
The dairy herd is stated at cost as the company has elected to be taxed on the herd basis.
2025 2024

Cows in herd 962 948

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2024 - 26 ) .

Bays Leap Dairy Farm Limited (Registered number: 03813823)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025


4. SINGLE FARM PAYMENT ENTITLEMENTS
Other
intangible
assets
£   
COST
At 1st April 2024 52,337
Disposals (52,337 )
At 31st March 2025 -
AMORTISATION
At 1st April 2024 52,337
Eliminated on disposal (52,337 )
At 31st March 2025 -
NET BOOK VALUE
At 31st March 2025 -
At 31st March 2024 -

5. TANGIBLE FIXED ASSETS
Improvem
Freehold Agricultural to
property buildings property
£    £    £   
COST
At 1st April 2024 1,714,883 1,209,526 33,559
Additions - 54,808 42,025
Disposals - - -
At 31st March 2025 1,714,883 1,264,334 75,584
DEPRECIATION
At 1st April 2024 185,063 180,169 -
Charge for year 8,412 24,348 1,007
Eliminated on disposal - - -
At 31st March 2025 193,475 204,517 1,007
NET BOOK VALUE
At 31st March 2025 1,521,408 1,059,817 74,577
At 31st March 2024 1,529,820 1,029,357 33,559

Bays Leap Dairy Farm Limited (Registered number: 03813823)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025


5. TANGIBLE FIXED ASSETS - continued

Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1st April 2024 2,886,047 2,095 5,846,110
Additions 645,178 845 742,856
Disposals (16,800 ) - (16,800 )
At 31st March 2025 3,514,425 2,940 6,572,166
DEPRECIATION
At 1st April 2024 1,638,492 1,929 2,005,653
Charge for year 195,067 25 228,859
Eliminated on disposal (3,806 ) - (3,806 )
At 31st March 2025 1,829,753 1,954 2,230,706
NET BOOK VALUE
At 31st March 2025 1,684,672 986 4,341,460
At 31st March 2024 1,247,555 166 3,840,457

Included in cost of land and buildings is freehold land of £ 1,469,288 (2024 - £ 1,469,288 ) which is not depreciated.

Bays Leap Dairy Farm Limited (Registered number: 03813823)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1st April 2024 208,000
Additions 7,652
At 31st March 2025 215,652
DEPRECIATION
At 1st April 2024 14,967
Charge for year 29,262
At 31st March 2025 44,229
NET BOOK VALUE
At 31st March 2025 171,423
At 31st March 2024 193,033

6. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2025 2024
£    £   
Arla Milk Cooperative Ltd - Member's Capital 265,802 265,802
Arla Milk Cooperative Ltd - Share capital 5 5
265,807 265,807

Bays Leap Dairy Farm Limited (Registered number: 03813823)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025


7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2024 425,000
Revaluations 25,000
At 31st March 2025 450,000
NET BOOK VALUE
At 31st March 2025 450,000
At 31st March 2024 425,000

Fair value at 31st March 2025 is represented by:
£   
Valuation in 2022 20,654
Valuation in 2024 175,000
Valuation in 2025 25,000
Cost 229,346
450,000

If investment had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 229,346 229,346

The investment property was valued on an open market basis on 30th April 2025 by youngsRPS .

Bays Leap Dairy Farm Limited (Registered number: 03813823)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025


8. HERD BASIS
Dairy
herd
basis
£   
COST
At 1st April 2024 388,278
Additions - home bred at cost 101,850
Disposals (93,428 )
Bought in - at herd cost 5,250
At 31st March 2025 401,950
NET BOOK VALUE
At 31st March 2025 401,950
At 31st March 2024 388,278

9. STOCKS
2025 2024
£    £   
Valuation 448,064 598,376

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 64,531 74,736
Other debtors 181,859 65,104
VAT 67,456 39,925
313,846 179,765

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 680,327 439,626
Trade creditors 292,303 227,856
Taxation and social security 14,579 10,196
Other creditors 155,188 115,520
1,142,397 793,198

Bays Leap Dairy Farm Limited (Registered number: 03813823)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025


12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 5,106,719 4,719,018
Other creditors 13,333 50,391
5,120,052 4,769,409

Amounts falling due in more than five years:

Repayable by instalments
Bank loan 239,956 49,695

Other creditors includes:
20252024
££
Loan from Exors of G F C Mellstrom Dec'd-1,206,464
This loan is unsecured, interest free and repayable on notice of not less than one year.

13. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 85,842 172,135
Between one and five years - 85,392
85,842 257,527

14. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank overdrafts 403,727 412,386
Bank loans 5,383,319 4,746,258
5,787,046 5,158,644

The loans are secured on the company's freehold land and buildings and it's investment property.

Bays Leap Dairy Farm Limited (Registered number: 03813823)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025


15. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax
Accelerated capital allowances 16,446 16,446
Tax losses carried forward (16,446 ) -
- 16,446

Deferred
tax
£   
Balance at 1st April 2024 16,446
Provided during year (16,446 )
Balance at 31st March 2025 -

16. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1,000 Ordinary £1 1,000 1,000
295 A shares £1 295 295
1,295 1,295

All classes of share rank pari passu in all respects.

17. RESERVES
Fair
Retained Share value
earnings premium reserve Totals
£    £    £    £   

At 1st April 2024 (1,108,891 ) 1,205,665 20,654 117,428
Deficit for the year (159,884 ) (159,884 )
Transfer (25,000 ) - 25,000 -
At 31st March 2025 (1,293,775 ) 1,205,665 45,654 (42,456 )

Bays Leap Dairy Farm Limited (Registered number: 03813823)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2025


18. CAPITAL COMMITMENTS
2025 2024
£    £   
Contracted but not provided for in the
financial statements - 319,682

19. OTHER FINANCIAL COMMITMENTS

ARLA FOODS

20252024
£   £   
Investment in Arla Milk Cooperative Limited (AMCo) - note 8265,802265,802

This is funded by a loan from AMCo which is being repaid by
deductions from milk sales.

Balance at year end, included in Other creditors00

Contribution to Common Consolidation

The company is also required to contribute to the common capital
of Arla Foods.

Required contribution225,814225,814

-
Contribution in year --