Northfields Farm Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08724336

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	3		1,180,768		998,800
Investments	4		40		40

			1,180,808		998,840
CURRENT ASSETS
Debtors	5	476,193		447,509
Cash at bank and in hand		911		6,721

		477,104		454,230
Creditors: Amounts Falling Due Within One Year	6	(67,886 )		(35,286 )

NET CURRENT ASSETS (LIABILITIES)			409,218		418,944

TOTAL ASSETS LESS CURRENT LIABILITIES			1,590,026		1,417,784

Creditors: Amounts Falling Due After More Than One Year	7		(247,713 )		(247,713 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(60,225 )		(60,225 )

NET ASSETS			1,282,088		1,109,846

CAPITAL AND RESERVES
Called up share capital	8		155		155
Profit and Loss Account			1,281,933		1,109,691

SHAREHOLDERS' FUNDS			1,282,088		1,109,846

Page 1

Page 2

Northfields Farm Limited

Balance Sheet (continued)

As At 31 December 2024

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Trevor Coultan

Director

11/09/2025

The notes on pages 3 to 5 form part of these financial statements.

1. Accounting Policies

1.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

1.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

1.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	2% straight line
Plant & Machinery	15% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	15% reducing balance
Computer Equipment	25% reducing balance

2. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: 1)

3. Tangible Assets

	Land & Property
	Freehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings
	£	£	£	£
Cost
As at 1 January 2024	1,112,095	14,720	1,200	117
Additions	-	228,961	-	-

As at 31 December 2024	1,112,095	243,681	1,200	117

Depreciation
As at 1 January 2024	117,921	10,431	916	97
Provided during the period	4,058	42,840	71	4

As at 31 December 2024	121,979	53,271	987	101

Net Book Value
As at 31 December 2024	990,116	190,410	213	16

As at 1 January 2024	994,174	4,289	284	20

Page 3

Page 4

Northfields Farm Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024


	Computer Equipment	Total
	£	£
Cost
As at 1 January 2024	1,141	1,129,273
Additions	-	228,961

As at 31 December 2024	1,141	1,358,234

Depreciation
As at 1 January 2024	1,108	130,473
Provided during the period	20	46,993

As at 31 December 2024	1,128	177,466

Net Book Value
As at 31 December 2024	13	1,180,768

As at 1 January 2024	33	998,800

4. Investments

	Unlisted
	£
Cost or Valuation
As at 1 January 2024	40

As at 31 December 2024	40

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	40

As at 1 January 2024	40

5. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	34,509	30,437
Amounts due to other group entities	440,972	417,072
VAT	712	-

	476,193	447,509

Page 4

Page 5

Northfields Farm Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	45,056	101
Other taxes and social security	161	8,906
VAT	-	6,278
Net wages	201	201
Accruals and deferred income	22,468	19,800

	67,886	35,286

7. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Amounts owed to parent undertaking	247,713	247,713

8. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	155	155

Page 5