Robertshaw's Farm Shop Limited - Period Ending 2025-01-31

Registration number: 08474146

Robertshaw's Farm Shop Limited

Annual Report and Financial Statements

for the Year Ended 31 January 2025

Robertshaw's Farm Shop Limited

Contents

Strategic Report	1
Director's Report	2
Statement of Director's Responsibilities	3
Independent Auditor's Report	4 to 6
Profit and Loss Account and Statement of Retained Earnings	7
Balance Sheet	8
Statement of Cash Flows	9
Notes to the Financial Statements	10 to 20

Robertshaw's Farm Shop Limited

Strategic Report for the Year Ended 31 January 2025

The director presents his strategic report for the year ended 31 January 2025.

Principal activity

The principal activity of the company is raising of sheep and goats, processing and preserving of meat, manufacture of bread, manufacture of fresh pastry goods and cakes, and the retail sale in non-specialised stores with food, beverages or tobacco predominating.

Fair review of the business

The Directors report a strong year, solidifying our foundations and strengthening our service offering, though the company has been impacted by rising raw material costs. The ongoing strategy of the business is to remain customer focused delivering exceptional service levels consistently. This is reflected in growth profit the company has remained profitable through careful management of overheads.

The directors recognise there are still significant challenges in the marketplace, particularly the high meat prices, the continued impact on supply chains and rising overhead costs due to the high levels of inflation. With careful management of pricing and overheads, the director is optimistic on the future prospects of the business.

The company's key financial and other performance indicators during the year were as follows:

Financial KPIs	Unit	2025	2024
Turnover	£'000	11,174	10,341
Gross profit	£'000	2,136	1,845
Profit on ordinary activities before tax	£'000	213	351
Net current liabilities	£'000	1,112	992
Net assets	£'000	1,130	1,142

Principal risks and uncertainties

The directors consider the main principal risks and uncertainties to the business to be the increasing raw material costs and the impact on gross profit margin and profitability. A main contributing factor to this is cattle numbers being down impacting on supply chains, which in turn impacts the price of meat products adding pressure to profit margins.

Whilst the business is well known for sourcing quality meat products, the directors regularly monitor the price of meat and work with suppliers to ensure they are receiving competitive prices without compromising on the quality of the meat products.

We have successfully acquired the property previously known as Keelham Farm Shop on Gargrave Road, Skipton, which was opened in March 2025 after a major refurbishment program.

The company has limited exposure to credit and interest rate risk due to the fact the company with the only borrowings being a 20 year mortgage secured on the newly acquired Skipton property, with a 12 month repayment holiday.

Approved and authorised by the director on 1 September 2025

.........................................
J A Robertshaw
Director

Robertshaw's Farm Shop Limited

Director's Report for the Year Ended 31 January 2025

The director presents his report and the financial statements for the year ended 31 January 2025.

Director of the company

The director who held office during the year was as follows:

J A Robertshaw

Information included in the Strategic Report

All items required under Sch. 7 of Large and Medium-sized Companies and Groups (Accounts and Reports Regulations) 2008 to be disclosed in the directors’ report are set out in the strategic report in accordance with s.414C(11) CA 2006.

Disclosure of information to the auditors

The director has taken steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information. The director confirms that there is no relevant information that he knows of and of which he knows the auditors are unaware.

Approved and authorised by the director on 1 September 2025

.........................................
J A Robertshaw
Director

Robertshaw's Farm Shop Limited

Statement of Director's Responsibilities

The director acknowledges his responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Robertshaw's Farm Shop Limited

Independent Auditor's Report to the Members of Robertshaw's Farm Shop Limited

Opinion

We have audited the financial statements of Robertshaw's Farm Shop Limited (the 'company') for the year ended 31 January 2025, which comprise the Profit and Loss Account and Statement of Retained Earnings, Balance Sheet, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

•	give a true and fair view of the state of the company's affairs as at 31 January 2025 and of its profit for the year then ended;
•	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
•	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the director with respect to going concern are described in the relevant sections of this report.

Other information

The director are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

•	the information given in the Strategic Report and Director's Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and

•	the Strategic Report and Director's Report have been prepared in accordance with applicable legal requirements.

Robertshaw's Farm Shop Limited

Independent Auditor's Report to the Members of Robertshaw's Farm Shop Limited

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Director's Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

•	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
•	the financial statements are not in agreement with the accounting records and returns; or
•	certain disclosures of director's remuneration specified by law are not made; or
•	we have not received all the information and explanations we require for our audit.

Responsibilities of the director

As explained more fully in the Statement of Director's Responsibilities [set out on page 3], the director is responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the director determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the director is responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the director either intends to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

In planning and designing our audit tests, we identify and assess the risks of material misstatement within the financial statements, whether due to fraud or error. Our assessment of these risks includes consideration of the nature of the industry and sector, the control environment and the business performance along with the results of our enquiries of management, about their own identification and assessment of the risks of irregularities. We are also required to perform specific procedures to respond to the risk of management override.

Following this assessment we considered the opportunities and incentives that may exist within the company for fraud and identified the greatest potential for fraud in evaluating the stock & revenue.

We also obtained an understanding of the legal and regulatory frameworks that the company operates in, through discussions with directors and other management, and from our commercial knowledge and experience of the sector in which the company operates, to enable us to identify the key laws and regulations applicable to the company. We focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including Companies Act 2006, taxation legislation, data protection, anti-bribery, employment, environmental and health and safety legislation.

Robertshaw's Farm Shop Limited

Independent Auditor's Report to the Members of Robertshaw's Farm Shop Limited

We then performed audit procedures after consideration of the above risks which included the following:

•	obtaining a detailed understanding of the methodology adopted by management and any key assumptions underpinning the calculation of stock;
•	performing stock existence testing to gain assurance that stock isn’t materially misstated;
•	performing sales completeness testing to gain assurance that revenue isn't materially misstated;
•	enquiring of management concerning actual and potential litigation and claims;
•	reviewing correspondence with HMRC, and the company’s legal advisors;
•	performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;
•	reading minutes of meetings of those charged with governance; and
•	in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments, assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

All engagement team members were informed of the relevant laws and regulations and potential fraud risks at the planning stage and reminded to remain alert to any indications of fraud or non-compliance with laws and regulations throughout the audit. The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify such items.

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Other matter
The financial statements of Robertshaw's Farm Shop Limited for the year ended 31 January 2024 were not audited.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
Mark Wilcock FCA (Senior Statutory Auditor)
For and on behalf of Watson Buckle Limited,
Statutory Auditor& Chartered Accountants
Bradford

1 September 2025

Robertshaw's Farm Shop Limited

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 January 2025

	Note	2025 £	2024 £
Turnover	3	11,174,311	10,341,358
Cost of sales		(9,038,248)	(8,496,706)
Gross profit		2,136,063	1,844,652
Administrative expenses		(1,870,155)	(1,463,441)
Operating profit	4	265,908	381,211
Other interest receivable and similar income	5	441	-
Interest payable and similar charges	6	(53,118)	(29,904)
Profit before tax		213,231	351,307
Taxation	10	(74,946)	(96,818)
Profit for the financial year		138,285	254,489
Retained earnings brought forward		1,141,989	1,037,500
Dividends paid		(150,000)	(150,000)
Retained earnings carried forward		1,130,274	1,141,989

Robertshaw's Farm Shop Limited

(Registration number: 08474146)
Balance Sheet as at 31 January 2025

	Note	2025 £		2024 £

Fixed assets
Tangible assets	11		4,675,583		2,365,210
Investments	12		100		100
			4,675,683		2,365,310
Current assets
Stocks	13	440,518		409,454
Debtors	14	134,805		84,045
Cash at bank and in hand		408,546		612,452
		983,869		1,105,951
Creditors: Amounts falling due within one year	16	(2,095,883)		(2,097,638)
Net current liabilities			(1,112,014)		(991,687)
Total assets less current liabilities			3,563,669		1,373,623
Creditors: Amounts falling due after more than one year	16		(2,224,295)		(97,534)
Provisions for liabilities	18		(209,000)		(134,000)
Net assets			1,130,374		1,142,089
Capital and reserves
Called up share capital		100		100
Retained earnings	21	1,130,274		1,141,989
Shareholders' funds			1,130,374		1,142,089

Approved and authorised by the director on 1 September 2025

.........................................
J A Robertshaw
Director

Robertshaw's Farm Shop Limited

Statement of Cash Flows for the Year Ended 31 January 2025

	Note	2025 £	2024 £
Cash flows from operating activities
Profit for the year		138,285	254,489
Adjustments to cash flows from non-cash items
Depreciation and amortisation	4	193,330	167,315
Loss on disposal of tangible assets		326,306	221
Finance income	5	(441)	-
Finance costs	6	53,118	29,904
Corporation tax expense	10	74,946	96,818
		785,544	548,747
Working capital adjustments
Increase in stocks		(31,064)	(107,582)
(Increase)/decrease in trade debtors		(50,760)	363,784
Increase in trade creditors		730,041	232,030
Cash generated from operations		1,433,761	1,036,979
Corporation taxes paid		(91,946)	(32,318)
Net cash flow from operating activities		1,341,815	1,004,661
Cash flows from investing activities
Interest received	5	441	-
Acquisitions of tangible assets		(2,978,385)	(734,036)
Proceeds from sale of tangible assets		14,000	1
Net cash flows from investing activities		(2,963,944)	(734,035)
Cash flows from financing activities
Interest paid	6	(53,118)	(29,904)
Proceeds from bank borrowing draw downs		2,200,000	-
Repayment of bank borrowing		(317,658)	(51,032)
Proceeds from other borrowing draw downs		-	300,574
Repayment of other borrowing		(196,859)	-
Payments to finance lease creditors		(64,142)	(93,306)
Dividends paid		(150,000)	(150,000)
Net cash flows from financing activities		1,418,223	(23,668)
Net (decrease)/increase in cash and cash equivalents		(203,906)	246,958
Cash and cash equivalents at 1 February		612,452	365,494
Cash and cash equivalents at 31 January		408,546	612,452

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

1	General information

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

The address of its registered office is:
Keelham Hall Farm
Thornton
Bradford
BD13 3SS

These financial statements were authorised for issue by the director on 1 September 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 were prepared in accordance with Financial Reporting Standard 102 '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 functional and presentation currency is pound sterling.

Summary of disclosure exemptions

The company has taken advantage of the exemption under Section 33 Related Party disclosures from disclosing
transactions and balances with fellow group undertakings that are wholly owned.

Group accounts not prepared

Robertshaw's Farm Shop Limited is exempt from preparing group financial statements as the group is small.

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

Key sources of estimation uncertainty

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by
definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing
a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed
below.

Useful economic lives of tangible assets
The annual depreciation charge for tangible assets and their carrying amount is determined by the estimated useful
economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually
and amended when necessary to reflect current estimates, based on technological advancement, future investments,
economic utilisation and the physical condition of the assets.. The carrying amount is £4,649,499 (2024 -£2,365,210).

Stock provision
The company makes an estimate of the recoverability of the cost of stock. When calculating the stock provision,
management considers the nature and condition of the stock, as well as applying assumptions around anticipated
saleability of finished goods and future usage of raw materials.. The carrying amount is £440,518 (2024 -£409,454).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods in the ordinary course of the company’s activities. Turnover is shown net of value added tax.

The company recognises revenue when the significant risks and rewards of ownership have been transferred to the buyer; the company retains no continuing involvement or control over the goods; the amount of revenue can be measured reliably and it is probable that future economic benefits will flow to the entity.

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 corporation 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

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:

Asset class	Depreciation method and rate
Freehold property	2% straight line basis
Furniture, fittings and equipment	10 - 12.5% straight line basis
Motor vehicles	25% straight line basis
Office equipment	25 - 33% straight line basis

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method.
Dividends on equity securities are recognised in income when receivable.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

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.

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

Financial instruments

Financial assets

Basic financial assets, including trade and other receivables, 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 for a similar asset. Such assets are subsequently carried at amortised cost using the effective interest method.

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 and any subsequent reversal is recognised in 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.

Financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 for a similar debt instrument.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

3

Turnover

The analysis of the company's Turnover for the year from continuing operations is as follows:

	2025 £	2024 £
Sale of goods	11,164,311	10,339,691
Rental income	10,000	1,667
	11,174,311	10,341,358

4	Operating profit

Arrived at after charging/(crediting)

	2025 £	2024 £
Depreciation expense	193,330	167,315
Loss on disposal of property, plant and equipment	326,306	221

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

5	Other interest receivable and similar income

	2025 £	2024 £
Interest income on bank deposits	441	-

6	Interest payable and similar expenses

	2025 £	2024 £
Interest on bank overdrafts and borrowings	47,214	23,038
Interest on obligations under finance leases and hire purchase contracts	5,904	6,866
	53,118	29,904

7	Staff costs

The aggregate payroll costs (including director's remuneration) were as follows:

	2025 £	2024 £
Wages and salaries	2,163,159	2,155,519
Social security costs	152,354	147,754
Pension costs, defined contribution scheme	39,985	38,273
	2,355,498	2,341,546

The average number of persons employed by the company (including the director) during the year, analysed by category was as follows:

	2025 No.	2024 No.
Production	111	123
Administration and support	14	16
	125	139

8	Director's remuneration

The director's remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	14,674	10,254

9	Auditors' remuneration

	2025 £	2024 £
Audit of the financial statements	18,950	-

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

10

Taxation

Tax charged/(credited) in the profit and loss account

	2025 £	2024 £
Current taxation
UK corporation tax	-	92,000
UK corporation tax adjustment to prior periods	(54)	(182)
	(54)	91,818
Deferred taxation
Arising from origination and reversal of timing differences	75,000	5,000
Tax expense in the income statement	74,946	96,818

The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK (2024 - higher than the standard rate of corporation tax in the UK) of 25% (2024 - 25%).

The differences are reconciled below:

	2025 £	2024 £
Profit before tax	213,231	351,307
Corporation tax at standard rate	53,308	87,827
Decrease in UK and foreign current tax from adjustment for prior periods	(54)	(182)
Tax decrease from effect of capital allowances and depreciation	-	(30)
Effect of expense not deductible in determining taxable profit (tax loss)	1,447	12,914
Tax increase arising from group relief	16,419	-
Deferred tax expense/(credit) relating to changes in tax rates or laws	3,826	(3,711)
Total tax charge	74,946	96,818

Deferred tax

Deferred tax assets and liabilities

2025	Liability £
Accelerated capital allowances	238,000
Other timing differences	(1,000)
Tax losses carried forward	(28,000)
	209,000

2024	Liability £
Accelerated capital allowances	135,000
Other timing differences	(1,000)
	134,000

The amount of the net reversal of deferred tax assets and deferred tax liabilities expected to occur during the year beginning after the reporting period is £93,376 (2024 - £399,113).

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

11	Tangible assets

Land and buildings
£

Furniture, fittings and equipment
£

Motor vehicles
£

Office Equipment
£

Total
£

Cost or valuation

At 1 February 2024

1,943,382

69,650

226,865

648,266

2,888,163

Additions

2,508,735

-

3,396

466,254

2,978,385

Disposals

(502,063)

-

-

(20,560)

(522,623)

At 31 January 2025

3,950,054

69,650

230,261

1,093,960

5,343,925

Depreciation

At 1 February 2024

122,740

36,301

114,756

249,156

522,953

Charge for the year

38,983

7,994

52,683

93,670

193,330

Eliminated on disposal

(37,009)

-

-

(10,932)

(47,941)

At 31 January 2025

124,714

44,295

167,439

331,894

668,342

Carrying amount

At 31 January 2025

3,825,340

25,355

62,822

762,066

4,675,583

At 31 January 2024

1,820,642

33,349

112,109

399,110

2,365,210

Included within the net book value of land and buildings above is £3,825,340 (2024 - £1,820,642) in respect of freehold land and buildings.

Restriction on title and pledged as security

Land and buildings with a carrying amount of £3,799,255 (2024 - £Nil) has been pledged as security for loans and borrowings.

Furniture, Fittings & Equipment with a carrying amount of £25,355 (2024 - £Nil) has been pledged as security for loans and borrowings.

Motor vehicles with a carrying amount of £62,822 (2024 - £Nil) has been pledged as security for loans and borrowings.

Office Equipment with a carrying amount of £762,067 (2024 - £Nil) has been pledged as security for loans and borrowings.

12	Investments

	2025 £	2024 £
Investments in subsidiaries	100	100

Subsidiaries	£
Cost or valuation
At 1 February 2024	100
Carrying amount
At 31 January 2025	100
At 31 January 2024	100

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

13

Stocks

	2025 £	2024 £
Finished goods and goods for resale	440,518	409,454

The carrying amount of stocks pledged as security for liabilities amounted to £440,518 (2024 - £Nil).

14

Debtors

Current	Note	2025 £	2024 £
Trade debtors		5,597	7,114
Amounts owed by related parties	24	6,596	-
Other debtors		94,044	46,604
Prepayments		28,568	30,327
		134,805	84,045

15	Cash and cash equivalents

	2025 £	2024 £
Cash on hand	11,709	14,416
Cash at bank	396,837	598,036
	408,546	612,452

16

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	17	73,813	579,233
Trade creditors		1,759,112	1,150,695
Amounts due to related parties		69,109	44,458
Social security and other taxes		32,419	28,028
Outstanding defined contribution pension costs		8,275	12,702
Other creditors		45,234	150,460
Accruals		107,921	40,062
Corporation tax liability		-	92,000
		2,095,883	2,097,638
Due after one year
Loans and borrowings	17	2,224,295	97,534

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

17	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £

Bank borrowings	13,418	317,658
Hire purchase contracts	60,395	64,716
Other borrowings	-	196,859
	73,813	579,233

Non-current loans and borrowings

	2025 £	2024 £

Bank borrowings	2,186,582	-
Hire purchase contracts	37,713	97,534
	2,224,295	97,534

Bank borrowings

The carrying amount at year end is £2,200,000 (2024 - £317,658).

Bank borrowings are secured by way of a fixed and floating charge on all assets of the company.

Hire purchase contracts

The carrying amount at year end is £98,108 (2024 - £162,250).

Hire purchase contract liabilities are secured on the related assets.

Included in the loans and borrowings are the following amounts due after more than five years:

	2025 £	2024 £
After more than five years by instalments	1,935,761	-


	-	-

Borrowings due after five years

Bank borrowings due in over 5 years by instalments have an interest rate of 2.18% above The Bank of England Base Rate.

18	Provisions for liabilities

	Deferred tax £	Total £
At 1 February 2024	134,000	134,000
Increase (decrease) in existing provisions	75,000	75,000
At 31 January 2025	209,000	209,000

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

19	Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £39,985 (2024 - £38,273).

Contributions totalling £8,275 (2024 - £12,702) were payable to the scheme at the end of the year and are included in creditors.

20	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

Rights, preferences and restrictions

Ordinary have the following rights, preferences and restrictions:
All shares rank pari passu for income, capital and voting rights.

21

Reserves

Share capital

Represents the nominal value of the issued shares.

Profit and loss account

Includes all current and prior periods retained profits and losses.

22	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2025 £	2024 £
Not later than one year	91,696	6,269
Later than one year and not later than five years	218,742	234,987
	310,438	241,256

The amount of non-cancellable operating lease payments recognised as an expense during the year was £114,062 (2024 - £96,299).

Robertshaw's Farm Shop Limited

Notes to the Financial Statements for the Year Ended 31 January 2025

23	Commitments

Other financial commitments

Guarantee for bank loan
The total amount of other financial commitments not provided in the financial statements was £55,000 (2024 - £55,000).

24	Related party transactions

Summary of transactions with other related parties

Associated companies

Income and receivables from related parties

2025	Key management £
Amounts receivable from related party	6,596

2024	Other related parties £
Amounts receivable from related party	3,500

Expenditure with and payables to related parties

2025	Other related parties £
Amounts payable to related party	37,950

2024	Key management £	Other related parties £
Amounts payable to related party	196,859	33,000

	Land and buildings £	Furniture, fittings and equipment £	Motor vehicles £	Office Equipment £	Total £
Cost or valuation
At 1 February 2024	1,943,382	69,650	226,865	648,266	2,888,163
Additions	2,508,735	-	3,396	466,254	2,978,385
Disposals	(502,063)	-	-	(20,560)	(522,623)
At 31 January 2025	3,950,054	69,650	230,261	1,093,960	5,343,925
Depreciation
At 1 February 2024	122,740	36,301	114,756	249,156	522,953
Charge for the year	38,983	7,994	52,683	93,670	193,330
Eliminated on disposal	(37,009)	-	-	(10,932)	(47,941)
At 31 January 2025	124,714	44,295	167,439	331,894	668,342
Carrying amount
At 31 January 2025	3,825,340	25,355	62,822	762,066	4,675,583
At 31 January 2024	1,820,642	33,349	112,109	399,110	2,365,210