ACCOUNTS - Final Accounts

Registered number: 10078137

HARROLD FRUIT FARMING LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

HARROLD FRUIT FARMING LIMITED

REGISTERED NUMBER: 10078137

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		51,710		118,701
Current assets
Stocks		2,635		3,435
Debtors: amounts falling due within one year	5	424,208		521,770
Current asset investments	6	50		50
Cash at bank and in hand		672,310		653,630
		1,099,203		1,178,885

Creditors: amounts falling due within one year	7	(14,003)		(73,426)
Net current assets			1,085,200		1,105,459
Total assets less current liabilities			1,136,910		1,224,160

Net assets			1,136,910		1,224,160

Capital and reserves
Called up share capital	9	375	375
Profit and loss account		1,136,535	1,223,785
		1,136,910	1,224,160

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HARROLD FRUIT FARMING LIMITED

REGISTERED NUMBER: 10078137

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

Mr J R Harrold

Director

Date: 17 September 2025

The notes on pages 3 to 8 form part of these financial statements.

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HARROLD FRUIT FARMING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Harrold Fruit Farming Limited is a private Company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is Tennyson House, Cambridge Business Park, Cambridge, CB4 0WZ. The Company is not part of a group.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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HARROLD FRUIT FARMING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Plant and machinery	-	15%	reducing balance
Motor vehicles	-	25%	reducing balance
Fixtures and fittings	-	15%	reducing balance
Office equipment	-	15%	reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is 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.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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HARROLD FRUIT FARMING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.9

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 7).

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HARROLD FRUIT FARMING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

		Other fixed assets
		£
	Cost
	At 1 January 2024	288,264
	Disposals	(122,420)
	At 31 December 2024	165,844
	Depreciation
	At 1 January 2024	169,563
	Charge for the year on owned assets	9,125
	Disposals	(64,554)
	At 31 December 2024	114,134
	Net book value
	At 31 December 2024	51,710
	At 31 December 2023	118,701

Debtors

					2024	2023
					£	£


Trade debtors	48,000	12,249
Other debtors	2,357	83,411
Prepayments	373,851	426,110
	424,208	521,770

6.	Current asset investments
		2024	2023
		£	£

	Unlisted investments - AF Ltd	50	50

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HARROLD FRUIT FARMING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

7.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Other taxation and social security	11,523	-
Other creditors	206	44,206
Accruals	2,274	29,220
	14,003	73,426

8.	Deferred taxation

		2023
		£

	At beginning of year	(76,891)
	Charged to profit or loss	76,891
	At end of year	-

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HARROLD FRUIT FARMING LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

9.	Share capital
		2024	2023
		£	£

Allotted, called up and fully paid

175 (2023 - 175) Oridinary shares shares of £1.00 each	175.00	175.00
200 (2023 - 200) Ordinary A shares shares of £1.00 each	200.00	200.00

	375.00	375.00

10.	Transactions with directors

At 01 January 2024 one of the directors owed £2,576 to the Company. During the year they introduced amounts totalling £6,042. They also withdrew amounts totalling £3,442. At 31 December 2024 £166 was owed to them by the Company. This loan is interest free and repayable on demand.S455 has not been provided for as the balance was fully repaid post year end.

11.	Related party transactions
	During the year the Company operated loans with Scotch Hill Limited, a Company under common control. The amount due from Scotch Hill Limited at the balance sheet date was £2,332 (2023 - (£44,206)). This lloan is interest free and repayable on demand.

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