Registration number: 10051041

Newfields Agricultural Holdings Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Newfields Agricultural Holdings Limited

Company Information

Directors

A T Peacock J C Peacock G F Peacock

Registered office

3 Twyford Court High Street Dunmow Essex CM6 1AE

Solicitors

Mills & Reeve LLP 1 St James Court Whitefriars Norwich Norfolk NR3 1RU

Bankers

Barclays Bank Plc 9-11 St Andrews Street Cambridge CB2 3AA

Accountants

Lambert Chapman LLP Chartered accountants3 Warners Mill Silks Way Braintree Essex CM7 3GB

Newfields Agricultural Holdings Limited

(Registration number: 10051041)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	15,517,157	15,945,478
Investments	6	52	-
		15,517,209	15,945,478
Current assets
Stocks	7	223,167	357,115
Debtors	8	3,318,093	1,085,672
Cash at bank and in hand		84,005	398,133
		3,625,265	1,840,920
Creditors: Amounts falling due within one year	9	(1,110,695)	(294,862)
Net current assets		2,514,570	1,546,058
Net assets		18,031,779	17,491,536
Capital and reserves
Called up share capital		17,000,000	17,000,000
Retained earnings		1,031,779	491,536
Shareholders' funds		18,031,779	17,491,536

For the financial year ending 31 March 2025 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 October 2025 and signed on its behalf by:
 

G F Peacock
Director

Newfields Agricultural Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is: 3 Twyford Court, High Street, Dunmow, Essex, CM6 1AE, United Kingdom.

These financial statements were authorised for issue by the Board on 13 October 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention.

These financial statements are presented in Sterling (£), which is the company's functional currency.

Group accounts not prepared

The company is exempt from preparing group accounts as it qualifies as a small group.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of crops and the receipt of grants, rent and subsidies in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

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.

Newfields Agricultural Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Basic Payment Scheme and Delinked Payments
Historically, revenue arising from the Basic Payment Scheme was recognised on the performance basis. The Rural Payments Agency replaced the Basic Payment Scheme with Delinked Payments in 2024. Revenue arising from the Delinked Payment Scheme is recognised in the accounts when it is received.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% reducing balance
Freehold land	Not provided
Buildings	5% straight line
Plant and machinery	25% reducing balance
Office equipment	25% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Other intangible assets	25% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are valued using the cost method in accordance with FRS 102.

In applying the cost model under FRS 102, agricultural produce to be harvested from the entity's biological assets is measured at the lower of cost and estimated selling price less costs to complete and sell.

Newfields Agricultural Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary and redeemable shares are classified as equity.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4	Intangible assets

	Basic payment £	Total £
Cost or valuation
At 1 April 2024	97,022	97,022
Disposals	(97,022)	(97,022)
At 31 March 2025	-	-
Amortisation
At 1 April 2024	97,022	97,022
Amortisation eliminated on disposals	(97,022)	(97,022)
At 31 March 2025	-	-
Carrying amount
At 31 March 2025	-	-

Newfields Agricultural Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6	Investments

	2025 £	2024 £
Investments in subsidiaries	52	-