Lintz Green Farms Limited - Filleted accounts

Registered number

01271622

Lintz Green Farms Limited

Unaudited Filleted Accounts

31 March 2025

Lintz Green Farms Limited
Registered number:		01271622
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		446,583			476,149
			446,583			476,149

Current assets
Stocks		2,680			3,292
Debtors	4	30,847			41,908
Cash at bank and in hand		662,809			623,743
		696,336			668,943

Creditors: amounts falling due within one year	5	(123,782)			(87,824)

Net current assets			572,554			581,119

Total assets less current liabilities			1,019,137			1,057,268

Creditors: amounts falling due after more than one year	6		(6,851)			(17,127)


Net assets			1,012,286			1,040,141

Capital and reserves
Called up share capital			8,500			8,500
Capital redemption reserve			1,500			1,500
Profit and loss account			1,002,286			1,030,141

Shareholders' funds			1,012,286			1,040,141

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




D E Quigley
Director
Approved by the board on 14 August 2025

Lintz Green Farms Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable. Turnover include amounts receivable for harvests, cattle, livery, contracting and subsidies. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that the future economic benefits will flow to the company and when specific criteria have been met for each of the company’s activities described below. Sale of cattle: Turnover from the sale of cattle is recognised when the significant risks and rewards of the ownership of the goods has transferred to the buyer. This is usually at the point the customer has received delivery of the cattle. Sale of harvests: Turnover from the sale of harvests is recognised when the customer has entered into a contract to purchase harvested goods. This is usually at the point the customer has received delivery of the goods. Sales in respect of contracting: Turnover from the provision of contracting services is recognised when the services have been performed for the customer. Livery: Turnover from livery services is recognised when the significant risks and rewards have transferred to the customer. This is usually at the commencement of the provision of the stables on a rolling contract business. Subsidies: Turnover from subsidies is recognised when the company has attained the rights to the subsidies. This is usually at the point of receipt.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold land & buildings			2% straight line
	Plant and machinery			10% - 25% straight line

	Impairment of assets
	At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit loss. If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the profit and loss.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell after making allowance for obsolete and slow-moving stocks. Biological assets held as stock comprise of livestock and grain. Livestock is measured on initial recognition and at each reporting date at fair value less cost to sell. Grain is included at the lower of cost and estimated selling price less cost to sell.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.

	Employee benefits, pension costs and other post-retirement benefits
	The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an administered fund. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. Short term employee benefits are recognised as an expense in the period in which they are incurred.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					3		3


3	Tangible fixed assets
				Land and buildings		Plant and machinery etc		Total
£					£		£
	Cost
	At 1 April 2024			342,014		365,229		707,243
	Additions			12,660		-		12,660
	At 31 March 2025			354,674		365,229		719,903

	Depreciation
	At 1 April 2024			62,593		168,501		231,094
	Charge for the year			5,594		36,632		42,226
	At 31 March 2025			68,187		205,133		273,320

	Net book value
	At 31 March 2025			286,487		160,096		446,583
	At 31 March 2024			279,421		196,728		476,149


	Included in the cost of land and buildings is freehold land of £51,902 (2024 - £51,902) which is not depreciated.


4	Debtors					2025		2024
£							£

	Trade debtors					4,723		3,613
	Other debtors					26,124		38,295
						30,847		41,908


5	Creditors: amounts falling due within one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					10,276		10,276
	Trade creditors					5,445		10,961
	Taxation and social security costs					3,749		6,669
	Other creditors					104,312		59,918
						123,782		87,824


6	Creditors: amounts falling due after one year					2025		2024
£							£

	Obligations under finance lease and hire purchase contracts					6,851		17,127
						6,851		17,127


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	D E Quigley
	Loan	(17,459)		95		(46,506)		(63,870)


		(17,459)		95		(46,506)		(63,870)


8	Other information

	Lintz Green Farms Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Byermoor Farm Cottage
	Fellside Road
	Burnopfield
	Newcastle Upon Tyne
	NE16 6BE