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Registration number: 00517916

H M Dale (Farmers) Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

H M Dale (Farmers) Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

H M Dale (Farmers) Limited

Company Information

Directors

R G Wood

R Wood

CH Dobson

J Dale

G L Roberts

Company secretary

J Dale

Registered office

Hallington House
Hallington
Louth
Lincolnshire
LN11 9QX

 

H M Dale (Farmers) Limited

(Registration number: 00517916)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

1,579,374

1,632,011

Other financial assets

5

984

984

 

1,580,358

1,632,995

Current assets

 

Stocks

6

389,202

296,192

Debtors

7

215,185

362,563

Cash at bank and in hand

 

1,555,027

1,405,877

 

2,159,414

2,064,632

Creditors: Amounts falling due within one year

8

(112,969)

(77,447)

Net current assets

 

2,046,445

1,987,185

Total assets less current liabilities

 

3,626,803

3,620,180

Provisions for liabilities

(169,889)

(184,645)

Net assets

 

3,456,914

3,435,535

Capital and reserves

 

Called up share capital

9

18,334

18,334

Capital redemption reserve

1,666

1,666

Retained earnings

3,436,914

3,415,535

Shareholders' funds

 

3,456,914

3,435,535

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

H M Dale (Farmers) Limited

(Registration number: 00517916)
Balance Sheet as at 31 March 2025

Approved and authorised by the Board on 11 August 2025 and signed on its behalf by:
 

.........................................
G L Roberts
Director

   
     
 

H M Dale (Farmers) Limited

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

1

General information

The company is a private company limited by share capital incorporated in England and Wales and the company registration number is 00517916.

The address of its registered office is:
Hallington House
Hallington
Louth
Lincolnshire
LN11 9QX

These financial statements cover the individual entity, H M Dale (Farmers) Limited.

These financial statements were authorised for issue by the Board on 11 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

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 sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

H M Dale (Farmers) Limited

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

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and buildings

No depreciation

Grainstore

4% straight line basis

Self propelled machinery

10% reducing balance basis

Implements

10% reducing balance basis

Motor vehicles

25% reducing balance basis

Office equipment

20% straight line basis / 10% reducing balance basis

Stocks

The basis of the valuation is as follows:

Raw materials and consumables are stated at lower of the cost or net realisable value.
Tenantright is calculated by a combination of actual costs incurred and standard costs.
Produce on hand is valued at standard cost.
Livestock is valued at the lower of cost or net realisable value.

Standard costings are based upon calculations prepared by the Central Association of Agricultural Valuers.

The basis of the valuation is consistent with previous years.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

H M Dale (Farmers) Limited

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

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 4 (2024 - 5).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 April 2024

1,283,012

963,962

6,049

2,253,023

Additions

-

14,950

-

14,950

Disposals

-

(4,900)

-

(4,900)

At 31 March 2025

1,283,012

974,012

6,049

2,263,073

Depreciation

At 1 April 2024

179,794

435,520

5,698

621,012

Charge for the year

13,920

52,934

88

66,942

Eliminated on disposal

-

(4,255)

-

(4,255)

At 31 March 2025

193,714

484,199

5,786

683,699

Carrying amount

At 31 March 2025

1,089,298

489,813

263

1,579,374

At 31 March 2024

1,103,218

528,442

351

1,632,011

 

H M Dale (Farmers) Limited

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

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 April 2024

984

984

At 31 March 2025

984

984

Impairment

Carrying amount

At 31 March 2025

984

984

6

Stocks

2025
£

2024
£

Farm valuation

389,202

296,192

7

Debtors

Current

2025
£

2024
£

Trade debtors

185,194

318,173

Prepayments

21,590

19,450

Other debtors

8,401

24,940

 

215,185

362,563

8

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Trade creditors

 

19,086

3,946

Taxation and social security

 

5,467

8,454

Other creditors

 

70,315

47,176

Accruals and deferred income

 

18,101

17,871

 

112,969

77,447

 

H M Dale (Farmers) Limited

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

9

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary of £1 each

18,334

18,334

18,334

18,334

       

10

Loans and borrowings

Current loans and borrowings

2025
£

2024
£

Other borrowings

49,205

42,104