REGISTERED NUMBER: 08782482 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

MANOR FARM ENERGY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M G Kirkwood

R Kirkwood

O S Kirkwood

H F Kirkwood

REGISTERED OFFICE:

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

REGISTERED NUMBER:

08782482 (England and Wales)

ACCOUNTANTS:

Lloyd Dowson Limited

Medina House

2 Station Avenue

Bridlington

East Yorkshire

YO16 4LZ

BANKERS:

HSBC plc

55 Whitefriargate

Hull

East Yorkshire

HU1 2HX

FIXED ASSETS

Tangible assets

4

10,368,716

7,101,239

Investment property

5

1,200,000

1,000,000

11,568,716

8,101,239

CURRENT ASSETS

Stocks

51,962

16,465

Debtors

6

377,204

828,435

Cash at bank

770,378

108,762

1,199,544

953,662

CREDITORS

Amounts falling due within one year

7

3,126,214

1,965,224

NET CURRENT LIABILITIES

(1,926,670

)

(1,011,562

)

TOTAL ASSETS LESS CURRENT LIABILITIES

9,642,046

7,089,677

CREDITORS

Amounts falling due after more than one year

8

(6,725,430

)

(3,394,966

)

PROVISIONS FOR LIABILITIES

(652,564

)

(812,714

)

NET ASSETS

2,264,052

2,881,997

CAPITAL AND RESERVES

Called up share capital

10

202

202

Revaluation reserve

11

467,000

317,000

Retained earnings

1,796,850

2,564,795

SHAREHOLDERS' FUNDS

2,264,052

2,881,997

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 September 2025 and were signed on its behalf by:

M G Kirkwood - Director

1.	STATUTORY INFORMATION

Manor Farm Energy 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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents exported energy and associated subsidies, and farming income, excluding discounts, rebates, value added tax and other sales taxes. Income is recognised when energy is generated, and when crops are sold.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost less land element

Improvements to property

-

2% on cost

Wind turbine

-

5% on cost

Plant and machinery

-

20% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the statement of income and retained earnings.

Stocks

Stocks are valued at fair value less costs to sell, or the lower of production cost and net realisable value. Livestock and harvested crops are valued by reference to market value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the statement of income and retained earnings on a straight line basis over the period of the lease.

Rent received

Rent received is accounted for in accordance with the lease term and period of occupancy by the tenant.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

1,098,240

7,051,976

8,150,216

Additions

1,895,551

1,683,761

3,579,312

At 31 March 2025

2,993,791

8,735,737

11,729,528

DEPRECIATION

At 1 April 2024

-

1,048,977

1,048,977

Charge for year

-

311,835

311,835

At 31 March 2025

-

1,360,812

1,360,812

NET BOOK VALUE

At 31 March 2025

2,993,791

7,374,925

10,368,716

At 31 March 2024

1,098,240

6,002,999

7,101,239

Included in cost of land and buildings is freehold land of £ 2,993,791 (2024 - £ 1,098,240 ) which is not depreciated.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

1,000,000

Revaluations

200,000

At 31 March 2025

1,200,000

NET BOOK VALUE

At 31 March 2025

1,200,000

At 31 March 2024

1,000,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2020

161,902

Valuation in 2022

200,000

Valuation in 2025

200,000

Cost

638,098

1,200,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.25

31.3.24

£

£

Cost

638,098

638,098

Investment property was valued on an open market basis on 31 March 2025 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

125,748

218,043

Other debtors

251,456

610,392

377,204

828,435

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

715,082

215,583

Trade creditors

90,219

271,321

Amounts owed to associates

2,026,241

1,361,744

Taxation and social security

76,731

-

Other creditors

217,941

116,576

3,126,214

1,965,224

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

6,725,430

3,394,966

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

3,674,965

1,914,444

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

7,428,276

3,588,111

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100

100

Ordinary "B"

£1

100

100

1

Ordinary "C"

£1

1

1

1

Ordinary "D"

£1

1

1

202

202

11.

RESERVES

Revaluation

reserve

£

At 1 April 2024

317,000

Property revaluation

200,000

Deferred tax movement on revalued property

(50,000

)

At 31 March 2025

467,000

12.	CAPITAL COMMITMENTS

31.3.25

31.3.24

£

£

Contracted but not provided for in the

financial statements

476,184

-

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

M G Kirkwood and R Kirkwood

Balance outstanding at start of year

472,004

(236

)

Amounts advanced

-

3,543,101

Amounts repaid

(472,004

)

(3,070,861

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

472,004