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REGISTERED NUMBER: 04701309 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Haswells Homer Hill Farm Shop Limited

Haswells Homer Hill Farm Shop Limited (Registered number: 04701309)






Contents of the Financial Statements
for the year ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Haswells Homer Hill Farm Shop Limited

Company Information
for the year ended 31 August 2024







DIRECTORS: J G Haswell
J C Haswell
G Hide



SECRETARY: J G Haswell



REGISTERED OFFICE: Homer Hill Farm
Pittington Road
Rainton Gate
County Durham
DH5 9RG



REGISTERED NUMBER: 04701309 (England and Wales)



ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG



BANKERS: Barclays Bank PLC
Durham Business Centre
The Durham Group
6 Market Place
Durham City
Co. Durham
DH1 3ND

Haswells Homer Hill Farm Shop Limited (Registered number: 04701309)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 355,850 365,982
355,850 365,982

CURRENT ASSETS
Stocks 45,960 56,006
Debtors 6 45,894 32,146
Cash in hand 10,434 2,279
102,288 90,431
CREDITORS
Amounts falling due within one year 7 278,001 265,737
NET CURRENT LIABILITIES (175,713 ) (175,306 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

180,137

190,676

PROVISIONS FOR LIABILITIES (26,580 ) (15,299 )

ACCRUALS AND DEFERRED INCOME (53,808 ) (60,134 )
NET ASSETS 99,749 115,243

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 98,749 114,243
SHAREHOLDERS' FUNDS 99,749 115,243

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Haswells Homer Hill Farm Shop Limited (Registered number: 04701309)

Statement of Financial Position - continued
31 August 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 August 2025 and were signed on its behalf by:




J G Haswell - Director



J C Haswell - Director


Haswells Homer Hill Farm Shop Limited (Registered number: 04701309)

Notes to the Financial Statements
for the year ended 31 August 2024

1. STATUTORY INFORMATION

Haswells Homer Hill Farm Shop 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
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.

The accounts have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider to be appropriate.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business, is being amortised evenly over its estimated useful life of four years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Farm shop - 18% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% Straight line

Stocks
Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments
The company only has financial assets ad financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Haswells Homer Hill Farm Shop Limited (Registered number: 04701309)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
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.

Grants
The company has received grants under the Rural Development for England scheme towards the cost of the construction of a farm shop. The grant is to be amortised over the estimated useful life of the assets to which it relates.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2023 - 32 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 384,000
AMORTISATION
At 1 September 2023
and 31 August 2024 384,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

Haswells Homer Hill Farm Shop Limited (Registered number: 04701309)

Notes to the Financial Statements - continued
for the year ended 31 August 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 1,297,006
Additions 47,500
Disposals (26,012 )
At 31 August 2024 1,318,494
DEPRECIATION
At 1 September 2023 931,024
Charge for year 56,678
Eliminated on disposal (25,058 )
At 31 August 2024 962,644
NET BOOK VALUE
At 31 August 2024 355,850
At 31 August 2023 365,982

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,443 2,118
Other debtors 36,451 30,028
45,894 32,146

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 25,809 14,852
Trade creditors 160,100 174,576
Taxation and social security 50,106 31,923
Other creditors 41,986 44,386
278,001 265,737