Company No: 03872765 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	4	3,486,670		3,656,721
		3,486,670		3,656,721
Current assets
Stocks	5	287,506		167,398
Debtors	6	391,499		352,232
Cash at bank and in hand		616,035		494,564
		1,295,040		1,014,194
Creditors: amounts falling due within one year	7	( 964,358)		( 814,364)
Net current assets		330,682		199,830
Total assets less current liabilities		3,817,352		3,856,551
Creditors: amounts falling due after more than one year	8	( 628,030)		( 839,399)
Provision for liabilities		( 760,727)		( 798,866)
Net assets		2,428,595		2,218,286
Capital and reserves
Called-up share capital	9	124,958		124,958
Other reserves		1,148		1,148
Profit and loss account		2,302,489		2,092,180
Total shareholder's funds		2,428,595		2,218,286

For the financial year ending 30 April 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has 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 Henry Orchard & Sons Limited (registered number: 03872765) were approved and authorised for issue by the Board of Directors on 08 October 2025. They were signed on its behalf by:

H Orchard Jnr Director

J R Orchard 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

Henry Orchard & Sons Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Methrose Works, Carne Cross, St Blazey, PL24 2SX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Land and buildings	10 - 50 years straight line
Plant and machinery	10 years straight line
Vehicles	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	22		22

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 May 2024	450,000		450,000
At 30 April 2025	450,000		450,000
Accumulated amortisation
At 01 May 2024	450,000		450,000
At 30 April 2025	450,000		450,000
Net book value
At 30 April 2025	0		0
At 30 April 2024	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Total
	£		£		£		£
Cost
At 01 May 2024	599,129		2,581,712		1,722,689		4,903,530
Additions	86,563		112,153		0		198,716
Disposals	0		( 95,505)		( 176,495)		( 272,000)
At 30 April 2025	685,692		2,598,360		1,546,194		4,830,246
Accumulated depreciation
At 01 May 2024	144,952		755,631		346,226		1,246,809
Charge for the financial year	27,703		83,557		83,507		194,767
Disposals	0		( 94,170)		( 3,830)		( 98,000)
At 30 April 2025	172,655		745,018		425,903		1,343,576
Net book value
At 30 April 2025	513,037		1,853,342		1,120,291		3,486,670
At 30 April 2024	454,177		1,826,081		1,376,463		3,656,721

Included within the net book value of land and buildings above is £317,033 (2024 £324,765) in respect of freehold land and buildings and £196,004 (2024 £129,412) in respect of property improvements.

5. Stocks

	2025		2024
	£		£
Stocks	287,506		167,398

6. Debtors

	2025		2024
	£		£
Trade debtors	343,924		261,833
Corporation tax	0		3,536
Other debtors	47,575		86,863
	391,499		352,232

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank overdrafts (secured)	220,017		228,307
Trade creditors	94,010		46,075
Amounts owed to Parent undertakings	9,716		21,254
Corporation tax	255,162		0
Other taxation and social security	140,762		87,652
Obligations under finance leases and hire purchase contracts (secured)	211,369		224,402
Other creditors	33,322		206,674
	964,358		814,364

The bank overdraft is secured by a charge over the freehold land. Finance leases are secured by a charge over the assets to which they relate.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Obligations under finance leases and hire purchase contracts (secured)	326,988		538,357
Other creditors	301,042		301,042
	628,030		839,399

Finance leases are secured by a charge over the assets to which they relate.

Other creditors relates to redeemable preference shares (note 9).

9. Called-up share capital and reserves

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,000		1,000
50,000 6.5% Preference non-cumulative redeemable shares of £ 1.00 each	50,000		50,000
375,000 4.25% Preference non-cumulative redeemable shares of £ 1.00 each	375,000		375,000
	425,000		425,000
	426,000		426,000
Presented as follows:
Called-up share capital presented as equity	124,958		124,958
Called-up share capital presented as liability	301,042		301,042
	426,000		426,000

In accordance with section 12 of FRS102 the preference shares are treated as a compound financial instrument. The net present value of dividends to be paid in perpetuity, totalling £301,042 is treated as a financial liability within creditors falling due after more than one year whilst the balance of £123,958 remains as equity.

10. Financial commitments

Commitments

Capital commitments are as follows:

	2025		2024
	£		£
Contracted for but not provided for:
Tangible fixed assets	159,000		0

At 30 April 2025 the company had placed an order for new equipment with a value of £159,000.

11. Related party transactions

Transactions with the entity's directors

H Orchard Snr
Mr H Orchard Snr operates an interest free loan account with the company. At the year end the balance due to Mr H Orchard Snr was £8,547 (2024 £7,155).

Mrs J A Orchard
Mrs J A Orchard operates an interest free loan account with the company. At the year end the balance due to Mrs J A Orchard was £8,547 (2024 £7,155).

Mr H Orchard Jnr
Mr H Orchard Jnr operates an interest free loan account with the company. At the year end the balance due to Mr H Orchard Jnr was £597 (2024 £1,266 due from Mr H Orchard).

Mr J R Orchard
Mr J R Orchard operates an interest free loan account with the company. At the year end the balance due from Mr J R Orchard was £4,540 (2024 £1,885).

Other related party transactions

Lasne Limited
Parent company
The company operates an interest free loan account with Lasne Limited. At the year end the amount due to Lasne Limited was £9,716 (2024 £21,254).

12. Ultimate controlling party

Parent Company:

Lasne Limited

Methrose Works, Carne Cross, St Blazey, Par, Cornwall PL24 2SX