REGISTERED NUMBER: 00585999 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

Garlands Farm Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr J R Harrison

SECRETARY:

Mrs C Harrison

REGISTERED OFFICE:

Garlands Farm

Haverhill Road

Steeple Bumpstead

Suffolk

CB9 7BL

REGISTERED NUMBER:

00585999 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Tangible assets

4

2,983,197

3,159,980

Investments

5

225

225

2,983,422

3,160,205

CURRENT ASSETS

Stocks

471,842

365,826

Debtors

305,906

489,575

777,748

855,401

CREDITORS

Amounts falling due within one year

895,958

906,035

NET CURRENT LIABILITIES

(118,210

)

(50,634

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,865,212

3,109,571

CREDITORS

Amounts falling due after more than one year

(219,172

)

(319,966

)

PROVISIONS FOR LIABILITIES

(284,127

)

(317,532

)

NET ASSETS

2,361,913

2,472,073

CAPITAL AND RESERVES

Called up share

6

7,676

7,600

Retained earnings

2,354,237

2,464,473

SHAREHOLDERS' FUNDS

2,361,913

2,472,073

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 October 2025 and were signed by:

Mr J R Harrison - Director

1.	STATUTORY INFORMATION

Garlands Farm 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.

Turnover

Turnover represents net income from sales of crops along with subsidy income, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & machinery

20% reducing balance

Fixtures & fittings

15% reducing balance

Motor vehicles

25% reducing balance

Tractors & combines

15% reducing balance

Freehold property is not depreciated as the director considers that it is not material having regard to the high estimated residual value of the property.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2024

5,124,514

Additions

350,060

Disposals

(311,250

)

At 30 June 2025

5,163,324

DEPRECIATION

At 1 July 2024

1,964,534

Charge for year

326,998

Eliminated on disposal

(111,405

)

At 30 June 2025

2,180,127

NET BOOK VALUE

At 30 June 2025

2,983,197

At 30 June 2024

3,159,980

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST

At 1 July 2024

633,277

Transfer to ownership

(95,135

)

At 30 June 2025

538,142

DEPRECIATION

At 1 July 2024

53,520

Charge for year

96,924

At 30 June 2025

150,444

NET BOOK VALUE

At 30 June 2025

387,698

At 30 June 2024

579,757

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 July 2024

and 30 June 2025

225

NET BOOK VALUE

At 30 June 2025

225

At 30 June 2024

225

6.	CALLED UP SHARE

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.25

30.6.24

value:

£

£

7,600

Ordinary

£1.00

7,676

7,600