Hungersheath Farm Limited 07518036 false 2024-04-01 2025-03-31 2025-03-31 The principal activity of the company is dairy and livestock farming Digita Accounts Production Advanced 6.30.9574.0 true 07518036 2024-04-01 2025-03-31 07518036 2025-03-31 07518036 core:RetainedEarningsAccumulatedLosses 2025-03-31 07518036 core:ShareCapital 2025-03-31 07518036 core:CurrentFinancialInstruments 2025-03-31 07518036 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 07518036 core:Non-currentFinancialInstruments 2025-03-31 07518036 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 07518036 core:ConstructionInProgressAssetsUnderConstruction 2025-03-31 07518036 core:FurnitureFittingsToolsEquipment 2025-03-31 07518036 core:LandBuildings 2025-03-31 07518036 core:MotorVehicles 2025-03-31 07518036 core:OtherPropertyPlantEquipment 2025-03-31 07518036 bus:SmallEntities 2024-04-01 2025-03-31 07518036 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07518036 bus:FilletedAccounts 2024-04-01 2025-03-31 07518036 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 07518036 bus:RegisteredOffice 2024-04-01 2025-03-31 07518036 bus:Director1 2024-04-01 2025-03-31 07518036 bus:Director2 2024-04-01 2025-03-31 07518036 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07518036 core:ConstructionInProgressAssetsUnderConstruction 2024-04-01 2025-03-31 07518036 core:FurnitureFittings 2024-04-01 2025-03-31 07518036 core:FurnitureFittingsToolsEquipment 2024-04-01 2025-03-31 07518036 core:LandBuildings 2024-04-01 2025-03-31 07518036 core:MotorVehicles 2024-04-01 2025-03-31 07518036 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 07518036 core:PlantMachinery 2024-04-01 2025-03-31 07518036 core:Vehicles 2024-04-01 2025-03-31 07518036 core:VehiclesPlantMachinery 2024-04-01 2025-03-31 07518036 countries:EnglandWales 2024-04-01 2025-03-31 07518036 2024-03-31 07518036 core:ConstructionInProgressAssetsUnderConstruction 2024-03-31 07518036 core:FurnitureFittingsToolsEquipment 2024-03-31 07518036 core:LandBuildings 2024-03-31 07518036 core:MotorVehicles 2024-03-31 07518036 core:OtherPropertyPlantEquipment 2024-03-31 07518036 2023-04-01 2024-03-31 07518036 2024-03-31 07518036 core:RetainedEarningsAccumulatedLosses 2024-03-31 07518036 core:ShareCapital 2024-03-31 07518036 core:CurrentFinancialInstruments 2024-03-31 07518036 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 07518036 core:Non-currentFinancialInstruments 2024-03-31 07518036 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 07518036 core:ConstructionInProgressAssetsUnderConstruction 2024-03-31 07518036 core:FurnitureFittingsToolsEquipment 2024-03-31 07518036 core:LandBuildings 2024-03-31 07518036 core:MotorVehicles 2024-03-31 07518036 core:OtherPropertyPlantEquipment 2024-03-31 iso4217:GBP xbrli:pure

Registration number: 07518036

Hungersheath Farm Limited Directors' Report and Unaudited Financial Statements for the Year Ended 31 March 2025

Hungersheath Farm Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 7

Hungersheath Farm Limited

Company Information

Directors | Mr N E Furnival Mrs H Furnival

Registered office | Hungersheath Farm Lordsley Ashley Market Drayton Shropshire TF9 4EJ

Accountants | Howsons (Stoke) Limited Winton House Stoke Road Stoke on Trent Staffordshire ST4 2RW

Hungersheath Farm Limited

(Registration number: 07518036)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 1,326,094 | 1,302,122
Current assets |  |  |
Stocks | 5 | 500,326 | 469,727
Debtors | 6 | 136,669 | 100,495
Cash at bank and in hand |  | 32,315 | 19,138
|  | 669,310 | 589,360
Creditors: Amounts falling due within one year | 7 | (191,339) | (141,461)
Net current assets |  | 477,971 | 447,899
Total assets less current liabilities |  | 1,804,065 | 1,750,021
Creditors: Amounts falling due after more than one year | 7 | (953,274) | (1,015,181)
Provisions for liabilities |  | (54,000) | (47,000)
Net assets |  | 796,791 | 687,840
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 796,691 | 687,740
Shareholders' funds |  | 796,791 | 687,840

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.

Hungersheath Farm Limited

(Registration number: 07518036)
Balance Sheet as at 31 March 2025

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of Financial Reporting Standard 102 (FRS 102) Section 1A - small entities.

These financial statements have been 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 23 October 2025 and signed on its behalf by:

......................................... Mr N E Furnival Director
......................................... Mrs H Furnival Director

Hungersheath Farm 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 and Wales.

The address of its registered office is:
Hungersheath Farm
Lordsley
Ashley
Market Drayton
Shropshire
TF9 4EJ

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company's presentational currency is pound sterling (£). The accounts are rounded to the nearest whole pound.

Revenue recognition

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 sales/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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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:

Hungersheath Farm Limited

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

Asset class | Depreciation method and rate
Long leasehold property | 10% straight line
Plant and machinery | 15% reducing balance
Motor vehicles | 25% reducing balance
Tractors | 15% reducing balance
Other assets | Fixture & fittings 15% reducing balance, solar panels 10% straight line, biomass boiler 10% reducing balance

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Basic financial assets, including trade and other debtors, cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
Basic financial liabilities, including trade and other trade creditors, bank and other loans, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Recognition and measurement
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit and loss.
Impairment
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised in the profit or loss.
Financial assets are derecognised when a) the contractual rights to the cash flows from the asset expire or are settled, or b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Hungersheath Farm Limited

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

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

4 | Tangible assets

| Land and buildings £ | Plant and machinery £ | Motor vehicles £ | Fixture and fittings £ | Solar panels £ | Total £
Cost or valuation
At 1 April 2024 | 1,239,897 | 316,993 | 12,000 | 1,804 | 61,010 | 1,631,704
Additions | - | 72,950 | 20,495 | - | - | 93,445
Disposals | - | (56,000) | (2,250) | - | - | (58,250)
At 31 March 2025 | 1,239,897 | 333,943 | 30,245 | 1,804 | 61,010 | 1,666,899
Depreciation
At 1 April 2024 | 122,441 | 134,964 | 9,586 | 1,581 | 61,010 | 329,582
Charge for the year | 7,543 | 28,403 | 1,520 | 34 | - | 37,500
Eliminated on disposal | - | (24,562) | (1,715) | - | - | (26,277)
At 31 March 2025 | 129,984 | 138,805 | 9,391 | 1,615 | 61,010 | 340,805
Carrying amount
At 31 March 2025 | 1,109,913 | 195,138 | 20,854 | 189 | - | 1,326,094
At 31 March 2024 | 1,117,456 | 182,029 | 2,414 | 223 | - | 1,302,122

5 | Stocks

| 2025 £ | 2024 £
Raw materials and consumables | 132,240 | 105,466
Other inventories | 368,086 | 364,261
| 500,326 | 469,727

6 | Debtors

| 2025 £ | 2024 £
Trade debtors | 95,728 | 78,934
Prepayments | 4,561 | 2,240
Other debtors | 36,380 | 19,321
| 136,669 | 100,495

Hungersheath Farm Limited

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

7 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Bank loans and overdrafts | 8 | 51,594 | 37,174
Trade creditors |  | 93,760 | 75,142
Other creditors |  | 45,985 | 29,145
|  | 191,339 | 141,461
Due after one year |  |  |
Loans and borrowings | 8 | 953,274 | 1,015,181

8 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 953,274 | 1,015,181

Current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 51,594 | 31,081
Bank overdrafts | - | 6,093
| 51,594 | 37,174