G B Holmes Farms Limited 31/03/2025 iXBRL

Company registration number: 06399463

G B Holmes Farms Limited

Unaudited filleted financial statements

31 March 2025

G B HOLMES FARMS LIMITED

STATEMENT OF FINANCIAL POSITION

31 MARCH 2025

____________________________________________________________________________________

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	4	-		-
Tangible assets	5	452,054		539,552
Investments	6	1		1
		_______		_______
			452,055		539,553

Current assets
Stocks		7,422		7,352
Debtors	7	1,114,686		771,960
		_______		_______
		1,122,108		779,312
Creditors: amounts falling due
within one year	8	( 437,482)		( 354,370)
		_______		_______
Net current assets			684,626		424,942
			_______		_______
Total assets less current liabilities			1,136,681		964,495

Creditors: amounts falling due
after more than one year	9		( 22,591)		( 41,520)
			_______		_______
Net assets			1,114,090		922,975
			_______		_______

Capital and reserves
Called up share capital			100		100
Profit and loss account			1,113,990		922,875
			_______		_______
Shareholders funds			1,114,090		922,975
			_______		_______

For the 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 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 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 income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 07 October 2025 , and are signed on behalf of the board by:

G B Holmes J M Holmes

Director Director

Company registration number: 06399463

G B HOLMES FARMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

___________________________________________________________________________________

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is Hilltop, 2 Dorchester Road, Dorchester, Dorset, DT2 9NB.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover 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.

Amortisation

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

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.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

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:


Plant and machinery	-	25 %	reducing balance
Livestock equipment	-	25 %	reducing balance
Dilute slurry store	-	10 %	reducing balance
Parlour and tank	-	10 %	reducing balance

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

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

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 stocks to their present location and condition.

4. Intangible assets

	Other intangible assets	Total
	£	£
Cost
At 1 April 2024	40,800	40,800
Disposals	(40,800)	(40,800)
	_______	_______
At 31 March 2025	-	-
	_______	_______
Amortisation
At 1 April 2024	40,800	40,800
Disposals	( 40,800)	( 40,800)
	_______	_______
At 31 March 2025	-	-
	_______	_______
Carrying amount
At 31 March 2025	-	-
	_______	_______
At 31 March 2024	-	-
	_______	_______

Amount written off on cessation of scheme

5. Tangible assets

	Freehold and leasehold properties	Plant and machinery	Fixtures, fittings and equipment	Dairy herd	Total
	£	£	£	£	£
Cost
At 1 April 2024	44,234	967,649	81,200	202,000	1,295,083
Additions	719	17,300	-	-	18,019
Disposals	-	( 152,926)	-	-	( 152,926)
	_______	_______	_______	_______	_______
At 31 March 2025	44,953	832,023	81,200	202,000	1,160,176
	_______	_______	_______	_______	_______
Depreciation
At 1 April 2024	12,554	684,017	58,961	-	755,532
Charge for the year	3,240	64,593	2,224	-	70,057
Disposals	-	( 117,467)	-	-	( 117,467)
	_______	_______	_______	_______	_______
At 31 March 2025	15,794	631,143	61,185	-	708,122
	_______	_______	_______	_______	_______
Carrying amount
At 31 March 2025	29,159	200,880	20,015	202,000	452,054
	_______	_______	_______	_______	_______
At 31 March 2024	31,680	283,632	22,239	202,000	539,551
	_______	_______	_______	_______	_______

6. Investments

	Other investments other than loans	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	1	1
	_______	_______
Impairment
At 1 April 2024 and 31 March 2025	-	-
	_______	_______
Carrying amount
At 31 March 2025	1	1
	_______	_______
At 31 March 2024	1	1
	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	124,768	4,345
Other debtors	989,918	767,615
	_______	_______
	1,114,686	771,960
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	28,511	34,931
Trade creditors	37,965	39,663
Corporation tax	93,111	25,146
Social security and other taxes	52,430	6,186
Other creditors	225,465	248,444
	_______	_______
	437,482	354,370
	_______	_______

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

	2025	2024
	£	£
Other creditors	22,591	41,520
	_______	_______

10. Controlling party

The company is under the joint control of its two directors' Mr G B Holmes and Mrs J M Holmes .