Registration number: 05082212

Fordhall Farm Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Fordhall Farm Limited

Company Information

Directors

Mr B A Hollins Mrs C Allan

Registered office

Fordhall Farm Tern Hill Road Market Drayton Shropshire TF9 3PS

Accountants

Howsons (Stoke) Limited Chartered Accountants Winton House Stoke Road Stoke on Trent Staffordshire ST4 2RW

Fordhall Farm Limited

(Registration number: 05082212)
Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	347,896	330,623
Current assets
Stocks	5	230,468	198,870
Debtors	6	18,327	65,972
Cash at bank and in hand		103,705	63,298
		352,500	328,140
Creditors: Amounts falling due within one year	7	(102,537)	(97,340)
Net current assets		249,963	230,800
Total assets less current liabilities		597,859	561,423
Creditors: Amounts falling due after more than one year	7	(4,940)	(15,040)
Provisions for liabilities		(11,000)	(12,000)
Net assets		581,919	534,383
Capital and reserves
Called up share capital		2	2
Retained earnings		581,917	534,381
Shareholders' funds		581,919	534,383

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 and in accordance with the provisions of Financial Reporting Standard 102 (FRS 102) Section 1A - small entities.

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.

Fordhall Farm Limited

(Registration number: 05082212)
Balance Sheet as at 31 December 2024

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.

Approved and authorised by the Board on 3 September 2025 and signed on its behalf by:
 

......................................... Mr B A Hollins Director

......................................... Mrs C Allan Director

Fordhall Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fordhall Farm
Tern Hill Road
Market Drayton
Shropshire
TF9 3PS

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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 company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole 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.

Tangible assets

Tangible assets are stated in the balance sheet 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:

Fordhall Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Asset class	Depreciation method and rate
Plant and machinery	15% reducing balance
Computer Equipment	3 year straight line
Motor vehicles	25% reducing balance

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.

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

 Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.

 Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.

Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 14 (2023 - 13).

Fordhall Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4	Tangible assets

	Land and buildings £	Motor vehicles  £	Plant and machinery £	Office equipment £	Total £
Cost or valuation
At 1 January 2024	262,833	8,164	148,051	1,331	420,379
Additions	5,394	9,500	3,895	12,533	31,322
Disposals	-	(7,483)	(20,326)	-	(27,809)
At 31 December 2024	268,227	10,181	131,620	13,864	423,892
Depreciation
At 1 January 2024	-	5,927	82,498	1,331	89,756
Charge for the year	-	1,019	9,982	371	11,372
Eliminated on disposal	-	(5,363)	(19,769)	-	(25,132)
At 31 December 2024	-	1,583	72,711	1,702	75,996
Carrying amount
At 31 December 2024	268,227	8,598	58,909	12,162	347,896
At 31 December 2023	262,833	2,237	65,553	-	330,623

5

Stocks

	2024 £	2023 £
Other inventories	230,468	198,870

6

Debtors

	2024 £	2023 £
Trade debtors	93	3,420
Prepayments	5,581	22,357
Other debtors	12,653	40,195
	18,327	65,972

Fordhall Farm Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Bank loans and overdrafts	8	10,060	9,960
Trade creditors		57,912	49,648
Other creditors		30,299	28,915
Directors' loan account		4,266	8,817
		102,537	97,340
Due after one year
Loans and borrowings	8	4,940	15,040

8	Loans and borrowings

Non-current loans and borrowings

	2024 £	2023 £
Bank borrowings	4,940	15,040

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	10,060	9,960