REGISTERED NUMBER: 08304359 (England and Wales)

HARRIS AND FORD LIMITED

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

3

Report of the Independent Auditors

4

Consolidated Income Statement

8

Consolidated Other Comprehensive Income

9

Consolidated Balance Sheet

10

Company Balance Sheet

11

Consolidated Statement of Changes in Equity

12

Company Statement of Changes in Equity

13

Consolidated Cash Flow Statement

14

Notes to the Consolidated Cash Flow Statement

15

Notes to the Consolidated Financial Statements

16

DIRECTORS:

N D Ford

Ms R J Harris

REGISTERED OFFICE:

8 Church Green East

Redditch

Worcestershire

B98 8BP

REGISTERED NUMBER:

08304359 (England and Wales)

AUDITORS:

Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

The directors present their strategic report of the company and the group for the year ended 31 December 2024.

REVIEW OF BUSINESS

2024 has seen significant growth in turnover of the business based largely on the implementation of the new government Sustainable farming scheme (SFI) resulting in a significant increase for demand.

The continued supply issues created post BREXIT have made it hard to supply this newly created demand.

Continued investment in automation and technology will be required to enable the business to adapt and continue to grow.

PRINCIPAL RISKS AND UNCERTAINTIES

Seed Supply continues to be a major challenge, that combined with changing market needs increases the need to be adaptable and resilient.

ON BEHALF OF THE BOARD:

N D Ford - Director

25 September 2025

The directors present their report with the financial statements of the company and the group for the year ended 31 December 2024.

DIVIDENDS

An interim dividend of 738 per share was paid on 31 December 2024. The directors recommend that no final dividend be paid.

The total distribution of dividends for the year ended 31 December 2024 will be £ 110,700 .

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 January 2024 to the date of this report.

N D Ford

Ms R J Harris

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Charles Lovell & Co Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

N D Ford - Director

25 September 2025

Opinion

We have audited the financial statements of Harris and Ford Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 December 2024 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 December 2024 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud and error; and to respond appropriately to those risks. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatement in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

- We obtained an understanding of the legal and regulatory frameworks applicable to the Company and the nature of the industry and the sector in which they operate. We determined that the following laws and regulations were most significant; the Companies Act 2006, the UK Corporate Governance Code and UK corporate taxation laws.

- We obtained an understanding of how the Company are complying with those legal and regulatory frameworks by making inquiries with the management of the Company and the Group's audit department.

- We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the Audit engagement team included:

- identifying and assessing the design effectiveness of controls that management has in place to

prevent and detect fraud.

- Understanding how those charged with governance considered and addressed the potential for

override of controls or other inappropriate influence over the financial reporting process.

- challenging assumptions and judgements made by management in its significant accounting

estimates.

- identifying and testing journal enteries and performing analytical procedures to identify any unusual

or unexpected relationships that may indicate risks of material misstatement due to fraud.

- assessing the extent of compliance with the relevant laws and regulations.

- We also communicated relevant identified laws and regulations and potential fraud risk to all engagement team members and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Richard James Beresford FCCA (Senior Statutory Auditor)

for and on behalf of Charles Lovell & Co Limited

Chartered Certified Accountants

and Statutory Auditors

8 Church Green East

Redditch

Worcestershire

B98 8BP

25 September 2025

TURNOVER

14,061,277

10,775,503

Cost of sales

10,570,693

7,895,291

GROSS PROFIT

3,490,584

2,880,212

Administrative expenses

3,173,653

2,991,588

316,931

(111,376

)

Other operating income

103,960

140,888

OPERATING PROFIT

4

420,891

29,512

Interest receivable and similar income

2,941

1,809

423,832

31,321

Amounts written off investments

5

6,000

169,192

417,832

(137,871

)

Interest payable and similar expenses

6

155,387

93,438

PROFIT/(LOSS) BEFORE TAXATION

262,445

(231,309

)

Tax on profit/(loss)

7

70,278

(14,569

)

PROFIT/(LOSS) FOR THE FINANCIAL YEAR

192,167

(216,740

)

Profit/(loss) attributable to:

Owners of the parent

192,167

(216,740

)

PROFIT/(LOSS) FOR THE YEAR

192,167

(216,740

)

OTHER COMPREHENSIVE INCOME

Revaluation on freehold properties

-

1,556,146

Non-controlling interest

(51,332

)

(49,577

)

Income tax relating to components of other comprehensive income

-

-

OTHER COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX

(51,332

)

1,506,569

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

140,835

1,289,829

Total comprehensive income attributable to:

Owners of the parent

(335,504

)

864,822

Non-controlling interests

476,339

425,007

140,835

1,289,829

FIXED ASSETS

Intangible assets

10

2,293

4,013

Tangible assets

11

9,168,998

9,243,538

Investments

12

-

-

9,171,291

9,247,551

CURRENT ASSETS

Stocks

13

2,260,733

2,307,949

Debtors

14

694,014

505,753

Cash at bank and in hand

504,606

777,412

3,459,353

3,591,114

CREDITORS

Amounts falling due within one year

15

1,278,627

1,383,136

NET CURRENT ASSETS

2,180,726

2,207,978

TOTAL ASSETS LESS CURRENT LIABILITIES

11,352,017

11,455,529

CREDITORS

Amounts falling due after more than one year

16

(2,470,514

)

(2,633,322

)

PROVISIONS FOR LIABILITIES

19

(958,995

)

(981,166

)

NET ASSETS

7,922,508

7,841,041

CAPITAL AND RESERVES

Called up share capital

20

150

150

Revaluation reserve

21

2,679,735

2,679,735

Capital redemption reserve

21

50

50

Retained earnings

21

4,766,234

4,736,099

SHAREHOLDERS' FUNDS

7,446,169

7,416,034

NON-CONTROLLING INTERESTS

22

476,339

425,007

TOTAL EQUITY

7,922,508

7,841,041

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

N D Ford - Director

FIXED ASSETS

Intangible assets

10

-

-

Tangible assets

11

8,652,571

8,621,046

Investments

12

246

246

8,652,817

8,621,292

CURRENT ASSETS

Debtors

14

44,375

175,751

Cash at bank and in hand

10,390

99

54,765

175,850

CREDITORS

Amounts falling due within one year

15

2,352,085

1,726,344

NET CURRENT LIABILITIES

(2,297,320

)

(1,550,494

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,355,497

7,070,798

CREDITORS

Amounts falling due after more than one year

16

(2,470,514

)

(2,633,322

)

PROVISIONS FOR LIABILITIES

19

(856,908

)

(856,908

)

NET ASSETS

3,028,075

3,580,568

CAPITAL AND RESERVES

Called up share capital

20

150

150

Revaluation reserve

21

2,679,735

2,679,735

Retained earnings

21

348,190

900,683

SHAREHOLDERS' FUNDS

3,028,075

3,580,568

Company's loss for the financial year

(441,793

)

(2,161,446

)

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

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

N D Ford - Director

Called up

share

Retained

Revaluation

capital

earnings

reserve

£

£

£

Balance at 1 January 2023

150

5,074,016

1,123,589

Changes in equity

Dividends

-

(71,600

)

-

Total comprehensive income

-

(266,317

)

1,556,146

Balance at 31 December 2023

150

4,736,099

2,679,735

Changes in equity

Dividends

-

(110,700

)

-

Total comprehensive income

-

140,835

-

Balance at 31 December 2024

150

4,766,234

2,679,735

Capital

redemption

Non-controlling

Total

reserve

Total

interests

equity

£

£

£

£

Balance at 1 January 2023

50

6,197,805

-

6,197,805

Changes in equity

Dividends

-

(71,600

)

-

(71,600

)

Total comprehensive income

-

1,289,829

425,007

1,714,836

Balance at 31 December 2023

50

7,416,034

425,007

7,841,041

Changes in equity

Dividends

-

(110,700

)

-

(110,700

)

Total comprehensive income

-

140,835

476,339

617,174

Balance at 31 December 2024

50

7,446,169

901,346

8,347,515

Called up

share

Retained

Revaluation

Total

capital

earnings

reserve

equity

£

£

£

£

Balance at 1 January 2023

150

3,133,729

1,123,589

4,257,468

Changes in equity

Dividends

-

(71,600

)

-

(71,600

)

Total comprehensive income

-

(2,161,446

)

1,556,146

(605,300

)

Balance at 31 December 2023

150

900,683

2,679,735

3,580,568

Changes in equity

Dividends

-

(110,700

)

-

(110,700

)

Total comprehensive income

-

(441,793

)

-

(441,793

)

Balance at 31 December 2024

150

348,190

2,679,735

3,028,075

Cash flows from operating activities

Cash generated from operations

1

226,182

(527,416

)

Interest paid

(155,387

)

(93,438

)

Tax paid

(11,466

)

(68,045

)

Net cash from operating activities

59,329

(688,899

)

Cash flows from investing activities

Purchase of tangible fixed assets

(174,447

)

(479,503

)

Sale of tangible fixed assets

5,032

312,733

Interest received

2,941

1,809

Net cash from investing activities

(166,474

)

(164,961

)

Cash flows from financing activities

Loan repayments in year

(54,985

)

(94,788

)

Irrecoverable loan written off

-

169,192

Amount withdrawn by directors

24

(464

)

Equity dividends paid

(110,700

)

(71,600

)

Net cash from financing activities

(165,661

)

2,340

Decrease in cash and cash equivalents

(272,806

)

(851,520

)

Cash and cash equivalents at beginning of year

2

777,412

1,628,932

Cash and cash equivalents at end of year

2

504,606

777,412

1.	RECONCILIATION OF PROFIT/(LOSS) BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

31.12.24

31.12.23

£

£

Profit/(loss) before taxation

262,445

(231,309

)

Depreciation charges

240,878

266,247

Loss/(profit) on disposal of fixed assets

4,797

(95,218

)

Gain on revaluation of fixed assets

-

(18,727

)

Amortisation

-

1,720

Finance costs

155,387

93,438

Finance income

(2,941

)

(1,809

)

660,566

14,342

Decrease/(increase) in stocks

47,216

(205,807

)

(Increase)/decrease in trade and other debtors

(188,261

)

581,646

Decrease in trade and other creditors

(293,339

)

(917,597

)

Cash generated from operations

226,182

(527,416

)

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 December 2024

31.12.24

1.1.24

£

£

Cash and cash equivalents

504,606

777,412

Year ended 31 December 2023

31.12.23

1.1.23

£

£

Cash and cash equivalents

777,412

1,628,932

3.	ANALYSIS OF CHANGES IN NET DEBT

At 1.1.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank and in hand

777,412

(272,806

)

504,606

777,412

(272,806

)

504,606

Debt

Debts falling due within 1 year

(100,956

)

(107,823

)

(208,779

)

Debts falling due after 1 year

(2,633,322

)

162,808

(2,470,514

)

(2,734,278

)

54,985

(2,679,293

)

Total

(1,956,866

)

(217,821

)

(2,174,687

)