Company No: 03042735 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Investments	3	100		100
		100		100
Current assets
Stocks		716,642		724,317
Debtors
- due after more than one year	4	7,164,347		6,399,050
		7,880,989		7,123,367
Creditors: amounts falling due within one year	5	( 264,937)		( 188,922)
Net current assets		7,616,052		6,934,445
Total assets less current liabilities		7,616,152		6,934,545
Net assets		7,616,152		6,934,545
Capital and reserves
Called-up share capital		500		500
Profit and loss account		7,615,652		6,934,045
Total shareholders' funds		7,616,152		6,934,545

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Harrison Farms Limited (registered number: 03042735) were approved and authorised for issue by the Board of Directors on 29 September 2025. They were signed on its behalf by:

Mr T D Harrison Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Harrison Farms Limited is a private limited company, limited by shares, incorporated in England and Wales with registered number 03042735. The address of the registered office is Estate Office, Pallinghurst Farm, Rudgwick, Horsham, West Sussex, RH12 3BQ.

The statutory accounts have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

Turnover

The turnover shown in the Statement of income and retained earnings represents amounts invoiced in the year from the hire and sale of livestock and the company's share of the profit in the R Harrison and Sons partnership, in which it is a partner.

Taxation

Current tax
The tax expense represents the sum of the tax currently payable and any deferred tax.

The current tax charge is based on the taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the balance sheet date.

Fixed asset investments

Investments held as fixed assets are shown at cost less provision for impairment.

Stocks

Stock has been valued at the lower of cost and net realisable value under the cost model. Where accurate cost figures are not available, the deemed cost of production has been used on the following bases:

Cattle - 60% of market value

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at transaction price. A provision is established when there is objective evidence that
the company will not be able to collect all amounts due.

The company is a partner in R Harrison and Sons, a trading business. The company's profit share is shown in turnover. The balance in its partner's current account is shown as a debtor.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		5

3. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	100
At 31 December 2024	100
Carrying value at 31 December 2024	100
Carrying value at 31 December 2023	100

The company owns 50% of the issued share capital (ordinary £1 shares) of MC Shops Limited, whose accounts are also prepared up to 31 December each year. The aggregate share capital and reserves as at 31 December 2024 were of £59,120 (2023: £34,996). The profit of the year ended 31 December 2024 was £24,124 (2023: £20,078). The company was dormant until 31 December 2021.

The company owns 50% of the issued share capital of Bookham Harrison Farms Limited, whose accounts are also prepared up to 31 December each year. The aggregate share capital and reserves as at 31 December 2024 were £175,251 (2023: £246,763). The profit for the year ended 31 December 2023 was £52,488 (2022: £107,516).

4. Debtors

	2024		2023
	£		£
Debtors: amounts falling due after more than one year
Amounts owed by Group undertakings	7,164,347		6,399,050

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Accruals	5,650		5,555
Taxation and social security	255,591		183,267
Other creditors	3,696		100
	264,937		188,922

6. Related party transactions

The company is a partner in R Harrison and Sons partnership which also has the directors as partners. At 31 December 2024, the balance on the R Harrison and Sons partnership capital account is £7,164,347 (2023: £6,399,050).