REGISTERED NUMBER: 00599804 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Cattle (Holderness) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R G Buckle

R P Buckle

R J Buckle

SECRETARY:

R G Buckle

REGISTERED OFFICE:

West Farm

Sunk Island

Ottringham

East Yorkshire

HU12 0AP

REGISTERED NUMBER:

00599804 (England and Wales)

ACCOUNTANTS:

Smailes Goldie

Chartered Accountants

Regent's Court

Princess Street

Hull

East Yorkshire HU2 8BA

FIXED ASSETS

Tangible assets

4

17,914,854

18,293,308

Investment property

5

2,710,000

2,857,000

20,624,854

21,150,308

CURRENT ASSETS

Stocks

572,036

708,197

Debtors

6

123,457

304,678

Cash at bank and in hand

439

443

695,932

1,013,318

CREDITORS

Amounts falling due within one year

7

3,670,648

4,212,586

NET CURRENT LIABILITIES

(2,974,716

)

(3,199,268

)

TOTAL ASSETS LESS CURRENT LIABILITIES

17,650,138

17,951,040

CREDITORS

Amounts falling due after more than one year

8

(5,297,838

)

(5,521,275

)

PROVISIONS FOR LIABILITIES

(1,737,780

)

(1,139,996

)

NET ASSETS

10,614,520

11,289,769

CAPITAL AND RESERVES

Called up share capital

6,000

6,000

Revaluation reserve

3,914,564

4,061,564

Fair value reserve

49,736

49,736

Retained earnings

6,644,220

7,172,469

SHAREHOLDERS' FUNDS

10,614,520

11,289,769

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2025 and were signed on its behalf by:

R P Buckle - Director

R J Buckle - Director

1.	STATUTORY INFORMATION

Cattle (Holderness) 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

The financial statements have been prepared in accordance with applicable accounting standards including Section 1A of Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

Turnover

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

Turnover from the sale of goods and services is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer (usually on dispatch of the goods), the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliability.

Intangible fixed assets

Basic Payment Scheme entitlements are initially recognised at cost and are amortised on a straight line basis over their expected useful life. At the reporting date, the expected useful life has finished.

Entitlements acquired via the ownership of existing land, and therefore have no cost, have been revalued to fair value on transition to FRS102 and are being amortised over their expected useful life in accordance with the above period of benefit expected from the basic payment scheme.

Provision is made for any impairment.

Under FRS102, intangible assets are being recognised using the cost model. The entitlements previously owned by the company, but acquired at £Nil cost, were revalued to their fair value on the transition date, which has subsequently been treated as their deemed cost and have been amortised in line with the accounting policy. The amortised fair value element of the NBV at 31 March 2024 is nil.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation

Depreciation of fixed assets is charged by annual instalments commencing with the year of acquisition at rates estimated to write off their cost less any residual value over the expected useful lives.

The annual rates used are as follows:

Freehold property

Nil

Buildings

3-10% on reducing balance

Plant and machinery - Other

15-20% on reducing balance

Plant and machinery - Arable

15-20% on reducing balance

Motor vehicles

25% on reducing balance

Plant and machinery - Pigs

15-20% on reducing balance

Investment property

Investment properties are shown at their most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Biological assets in stock are valued under the cost model in accordance with Section 34 of FRS102, using the lower of cost and estimated selling price less costs to complete and sell method.

Current & deferred tax

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current and past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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 and 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Hire purchase and leasing commitments

Tangible fixed assets acquired under hire purchase agreements are capitalised at the estimated fair value at the date of inception of each contract. The finance charges are allocated over the period of the contract in accordance with the straight line method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant &

Freehold

machinery

property

Buildings

- Other

£

£

£

COST OR VALUATION

At 1 April 2024

10,756,666

4,744,488

121,895

Additions

32,438

-

-

Disposals

-

-

-

At 31 March 2025

10,789,104

4,744,488

121,895

DEPRECIATION

At 1 April 2024

-

208,288

120,338

Charge for year

-

149,563

311

Eliminated on disposal

-

-

-

At 31 March 2025

-

357,851

120,649

NET BOOK VALUE

At 31 March 2025

10,789,104

4,386,637

1,246

At 31 March 2024

10,756,666

4,536,200

1,557

Plant &

Plant &

machinery

Motor

machinery

- Arable

vehicles

- Pigs

Totals

£

£

£

£

COST OR VALUATION

At 1 April 2024

1,868,835

54,072

4,365,522

21,911,478

Additions

240,793

57,880

-

331,111

Disposals

(191,215

)

-

-

(191,215

)

At 31 March 2025

1,918,413

111,952

4,365,522

22,051,374

DEPRECIATION

At 1 April 2024

1,410,962

33,756

1,844,826

3,618,170

Charge for year

81,436

13,830

408,542

653,682

Eliminated on disposal

(135,332

)

-

-

(135,332

)

At 31 March 2025

1,357,066

47,586

2,253,368

4,136,520

NET BOOK VALUE

At 31 March 2025

561,347

64,366

2,112,154

17,914,854

At 31 March 2024

457,873

20,316

2,520,696

18,293,308

Cost or valuation at 31 March 2025 is represented by:

Plant &

Freehold

machinery

property

Buildings

- Other

£

£

£

Valuation in 2008

3,202,976

-

-

Cost

7,586,128

4,744,488

121,895

10,789,104

4,744,488

121,895

Plant &

Plant &

machinery

Motor

machinery

- Arable

vehicles

- Pigs

Totals

£

£

£

£

Valuation in 2008

-

-

-

3,202,976

Cost

1,918,413

111,952

4,365,522

18,848,398

1,918,413

111,952

4,365,522

22,051,374

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

2,857,000

Revaluations

(147,000

)

At 31 March 2025

2,710,000

NET BOOK VALUE

At 31 March 2025

2,710,000

At 31 March 2024

2,857,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2022

(621

)

Valuation in 2023

1,664,386

Valuation in 2024

(139,000

)

Valuation in 2025

(147,000

)

Cost

1,332,235

2,710,000

The investment properties were revalued in December 2021 by Carter Jonas professional valuers. The directors have considered the valuation at the year end date and deem the valuation above to be a reasonable estimate of the current fair value of the investment property.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

57,513

244,657

Other debtors

65,944

60,021

123,457

304,678

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

2,189,861

2,621,254

Hire purchase contracts (see note 9)

105,713

47,371

Trade creditors

353,124

304,194

Taxation and social security

708

723

Other creditors

1,021,242

1,239,044

3,670,648

4,212,586

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

2,517,825

2,752,549

Hire purchase contracts (see note 9)

80,013

68,726

Amounts owed to group undertakings

2,700,000

2,700,000

5,297,838

5,521,275

Secured loans totalling £1,293,030 (2024 £1,396,905) are repayable by installments over the period to 2030 and carry interest at 4.08% per annum. This is secured on land owned by the company.

Secured loans totalling £1,450,074 (2024 £1,580,926) are repayable by installments over the period to 2034 and carry interest at 3.65% per annum. This is secured on land owned by the company.

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

105,713

47,371

Between one and five years

80,013

68,726

185,726

116,097

Non-cancellable

operating leases

2025

2024

£

£

Between one and five years

64,159

64,159

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

1,964,582

2,395,976

Bank loans

2,743,104

2,977,827

4,707,686

5,373,803

The above bank loans have been taken out with Yorkshire Bank, and are secured on land owned by the company.

11.	RELATED PARTY DISCLOSURES

Balance of loans outstanding to the directors at the year end £989,710 (2024 £1,214,034).