Yokefleet Farms Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00486789

Yokefleet Farms Limited

Filleted Unaudited Financial Statements

For the year ended

5 April 2025

Yokefleet Farms Limited

Financial Statements

Year ended 5 April 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Yokefleet Farms Limited

Statement of Financial Position

5 April 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	1	1
Tangible assets	6	1,871,108	1,902,723
		-------------	-------------
		1,871,109	1,902,724

Current assets

Stocks		333,812	643,247
Debtors	7	78,437	50,085
Cash at bank and in hand		551,633	520,111
		----------	-------------
		963,882	1,213,443

Creditors: amounts falling due within one year	8	( 104,012)		( 289,576)
		----------		-------------
Net current assets			859,870		923,867
			-------------		-------------
Total assets less current liabilities			2,730,979		2,826,591

Creditors: amounts falling due after more than one year	9		( 17,289)		( 56,444)

Provisions

Taxation including deferred tax	( 149,182)	( 151,868)
	-------------	-------------
Net assets	2,564,508	2,618,279
	-------------	-------------

Yokefleet Farms Limited

Statement of Financial Position (continued)

5 April 2025

	2025		2024
Note	£	£	£	£

Capital and reserves

Called up share capital	4,400	4,400
Other reserves	600	600
Profit and loss account	2,559,508	2,613,279
	-------------	-------------
Shareholders funds	2,564,508	2,618,279
	-------------	-------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 5 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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 29 August 2025 , and are signed on behalf of the board by:

Mr B Maclean

Director

Company registration number: 00486789

Yokefleet Farms Limited

Notes to the Financial Statements

Year ended 5 April 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Farm Office, Blacktoft House, Blacktoft, Yokefleet, East Yorkshire, DN14 7XX.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Going concern

At the date of signing these financial statements, the director has considered the effect of economic matters that may impact the company and with the information available does not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the director has prepared these financial statements on a going concern basis.

(c) Revenue recognition

Turnover is recognised on delivery of produce or on provision of service or entitlement to income and is stated net of discounts and of Value Added Tax.

(d) Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

(e) Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses.

(f) Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

	Property entitlements	-	33 1/3% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

(g) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(h) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold/ Leasehold property	-	4 - 10% straight line
Plant & machinery	-	20 - 25% reducing balance

Freehold land is not depreciated.

(i) Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist.

(j) Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

(k) Finance leases and hire purchase contracts

Assets held under finance leases are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset.

(l) Government grants

Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the performance model. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.

(m) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

(n) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Intangible assets

	Property entitlements
	£
Cost
At 6 April 2024 and 5 April 2025	19,750
	--------
Amortisation
At 6 April 2024 and 5 April 2025	19,749
	--------
Carrying amount
At 5 April 2025	1
	--------
At 5 April 2024	1
	--------

6. Tangible assets

	Land and buildings	Plant and machinery	Total
	£	£	£
Cost
At 6 April 2024	1,668,554	1,389,917	3,058,471
Additions	–	160,351	160,351
Disposals	( 2,900)	( 36,207)	( 39,107)
	-------------	-------------	-------------
At 5 April 2025	1,665,654	1,514,061	3,179,715
	-------------	-------------	-------------
Depreciation
At 6 April 2024	367,495	788,253	1,155,748
Charge for the year	21,959	165,729	187,688
Disposals	( 2,900)	( 31,929)	( 34,829)
	-------------	-------------	-------------
At 5 April 2025	386,554	922,053	1,308,607
	-------------	-------------	-------------
Carrying amount
At 5 April 2025	1,279,100	592,008	1,871,108
	-------------	-------------	-------------
At 5 April 2024	1,301,059	601,664	1,902,723
	-------------	-------------	-------------

7. Debtors

	2025	2024
	£	£
Trade debtors	46,320	16,787
Other debtors	32,117	33,298
	--------	--------
	78,437	50,085
	--------	--------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	50,266	70,420
Accruals and deferred income	11,427	13,141
Corporation tax	–	47,428
Obligations under finance leases and hire purchase contracts	37,234	37,233
Directors loan account	5,085	121,354
	----------	----------
	104,012	289,576
	----------	----------

Hire purchase liabilities are secured on the associated asset.

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

	2025	2024
	£	£
Accruals and deferred income	17,289	19,210
Obligations under finance leases and hire purchase contracts	–	37,234
	--------	--------
	17,289	56,444
	--------	--------

Hire purchase liabilities are secured on the associated asset.

10. Operating lease commitments

The company has an an annual commitment for land rentals of £ 7,763 under the terms of an Agrigultural Holdings Act tenancy.

11. Related party transactions

During the year the directors had loan accounts with the company, the balance owed to the directors at 5 April 2025 was £ 5,085 (2024 - £121,354). No interest is charged by the directors on their loans to the company and the loans are repayable on demand. Rent is paid to the Maclean Family Estate at below market value. The rent paid in the year to 5 April 2025 was £7,763 (2024 - £7,763).