IRIS Accounts Production v25.1.4.42 00531170 Board of Directors 1.4.24 31.3.25 31.3.25 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 00531170 2024-03-31 00531170 2025-03-31 00531170 2024-04-01 2025-03-31 00531170 2023-03-31 00531170 2023-04-01 2024-03-31 00531170 2024-03-31 00531170 ns15:EnglandWales 2024-04-01 2025-03-31 00531170 ns14:PoundSterling 2024-04-01 2025-03-31 00531170 ns10:Director1 2024-04-01 2025-03-31 00531170 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 00531170 ns10:SmallEntities 2024-04-01 2025-03-31 00531170 ns10:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 00531170 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 00531170 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 00531170 ns10:FullAccounts 2024-04-01 2025-03-31 00531170 ns10:Director2 2024-04-01 2025-03-31 00531170 ns10:Director3 2024-04-01 2025-03-31 00531170 ns10:CompanySecretary1 2024-04-01 2025-03-31 00531170 ns10:RegisteredOffice 2024-04-01 2025-03-31 00531170 ns5:CurrentFinancialInstruments 2025-03-31 00531170 ns5:CurrentFinancialInstruments 2024-03-31 00531170 ns5:Non-currentFinancialInstruments 2025-03-31 00531170 ns5:Non-currentFinancialInstruments 2024-03-31 00531170 ns5:ShareCapital 2025-03-31 00531170 ns5:ShareCapital 2024-03-31 00531170 ns5:CapitalRedemptionReserve 2025-03-31 00531170 ns5:CapitalRedemptionReserve 2024-03-31 00531170 ns5:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 00531170 ns5:FurtherSpecificReserve1ComponentTotalEquity 2024-03-31 00531170 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 00531170 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 00531170 ns5:LeaseholdImprovements 2024-04-01 2025-03-31 00531170 ns5:PlantMachinery 2024-04-01 2025-03-31 00531170 ns5:FurnitureFittings 2024-04-01 2025-03-31 00531170 ns5:ComputerEquipment 2024-04-01 2025-03-31 00531170 ns5:LeaseholdImprovements 2024-03-31 00531170 ns5:PlantMachinery 2024-03-31 00531170 ns5:FurnitureFittings 2024-03-31 00531170 ns5:ComputerEquipment 2024-03-31 00531170 ns5:LeaseholdImprovements 2025-03-31 00531170 ns5:PlantMachinery 2025-03-31 00531170 ns5:FurnitureFittings 2025-03-31 00531170 ns5:ComputerEquipment 2025-03-31 00531170 ns5:LeaseholdImprovements 2024-03-31 00531170 ns5:PlantMachinery 2024-03-31 00531170 ns5:FurnitureFittings 2024-03-31 00531170 ns5:ComputerEquipment 2024-03-31 00531170 ns5:LeasedAssetsHeldAsLessee ns5:ComputerEquipment 2024-03-31 00531170 ns5:LeasedAssetsHeldAsLessee ns5:ComputerEquipment 2024-04-01 2025-03-31 00531170 ns5:LeasedAssetsHeldAsLessee ns5:ComputerEquipment 2025-03-31 00531170 ns5:LeasedAssetsHeldAsLessee ns5:ComputerEquipment 2024-03-31 00531170 ns5:CostValuation ns5:ListedExchangeTraded 2024-03-31 00531170 ns5:RevaluationsIncreaseDecreaseInInvestments ns5:ListedExchangeTraded 2025-03-31 00531170 ns5:CostValuation ns5:ListedExchangeTraded 2025-03-31 00531170 ns5:ListedExchangeTraded 2025-03-31 00531170 ns5:ListedExchangeTraded 2024-03-31 00531170 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 00531170 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31

REGISTERED NUMBER: 00531170 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST MARCH 2025 |

| FOR |

| G.H. RICHARDS (CHILBRIDGE FARM) LIMITED |

G.H. RICHARDS (CHILBRIDGE FARM) LIMITED (REGISTERED NUMBER: 00531170)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

G.H. RICHARDS (CHILBRIDGE FARM) LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST MARCH 2025

| DIRECTORS: | W F Richards

| Mrs L Richards

| J W Richards

| SECRETARY: | W F Richards

| REGISTERED OFFICE: | Chilbridge Farm

| Wimborne

| Dorset

| BH21 4DY

| REGISTERED NUMBER: | 00531170 (England and Wales)

| ACCOUNTANTS: | Martin and Company

| 25 St Thomas Street

| Winchester

| Hampshire

| SO23 9HJ

G.H. RICHARDS (CHILBRIDGE FARM) LIMITED (REGISTERED NUMBER: 00531170)

BALANCE SHEET

31ST MARCH 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 1,414,756 |  | 1,425,101 |  |

Investments | 5 | 106,937 |  | 101,258 |  |

1,521,693 |  | 1,526,359 |  |

CURRENT ASSETS

Stocks | 522,940 |  | 631,625 |  |

Debtors | 6 | 856,037 |  | 740,682 |  |

Cash at bank | 965,274 |  | 784,286 |  |

2,344,251 |  | 2,156,593 |  |

CREDITORS

Amounts falling due within one year | 7 | 723,544 |  | 585,025 |  |

NET CURRENT ASSETS | 1,620,707 |  | 1,571,568 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 3,142,400 |  | 3,097,927 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (63,081 | ) | - |  |

PROVISIONS FOR LIABILITIES | (370,524 | ) | (369,657 | ) |

NET ASSETS | 2,708,795 |  | 2,728,270 |  |

CAPITAL AND RESERVES

Called up share capital | 19,502 |  | 19,502 |  |

Capital redemption reserve | 2,998 |  | 2,998 |  |

Other reserves | 80,615 |  | 75,802 |  |

Retained earnings | 2,605,680 |  | 2,629,968 |  |

2,708,795 |  | 2,728,270 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

G.H. RICHARDS (CHILBRIDGE FARM) LIMITED (REGISTERED NUMBER: 00531170)

BALANCE SHEET - continued

31ST MARCH 2025

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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

The financial statements were approved by the Board of Directors and authorised for issue on 16th October 2025 and were signed on its behalf by:

W F Richards - Director

G.H. RICHARDS (CHILBRIDGE FARM) LIMITED (REGISTERED NUMBER: 00531170)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

1. | STATUTORY INFORMATION

| G.h. Richards (Chilbridge 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 as modified by the revaluation of certain assets.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| 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.

| Improvements to property | - | at varying rates on cost

| Plant and machinery | - | varying rates on cost & reducing balance

| Vehicles & Tractors | - | varying rates on cost & reducing balance

| Harvesters & Balers | - | 20% on reducing balance

| Stocks

| Stocks, including biological assets, are valued at the lower of cost and net realisable value under the cost model. Where accurate cost figures are not available, the deemed cost of production has been used. For cattle, this is 60% of market value.

| 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.

G.H. RICHARDS (CHILBRIDGE FARM) LIMITED (REGISTERED NUMBER: 00531170)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| Investments

| Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period.

| Unlisted investments are remeasured to market value at each balance sheet date. Where a reliable market value is not available they are included at cost less impairment.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 33 (2024 - 26 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |

| to |  | Plant and |  | Vehicles |  | Harvesters |

| property |  | machinery |  | & Tractors |  | & Balers |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1st April 2024 | 1,704,210 |  | 1,687,935 |  | 549,708 |  | 343,849 |  | 4,285,702 |  |

| Additions | - |  | 68,627 |  | 184,395 |  | - |  | 253,022 |  |

| Disposals | - |  | - |  | (89,000 | ) | - |  | (89,000 | ) |

| Reclassification/transfer | 515,415 |  | (446,416 | ) | 40,654 |  | (23,849 | ) | 85,804 |  |

| At 31st March 2025 | 2,219,625 |  | 1,310,146 |  | 685,757 |  | 320,000 |  | 4,535,528 |  |

| DEPRECIATION

| At 1st April 2024 | 1,660,582 |  | 761,040 |  | 339,423 |  | 99,556 |  | 2,860,601 |  |

| Charge for year | 45,803 |  | 84,620 |  | 72,980 |  | 47,786 |  | 251,189 |  |

| Eliminated on disposal | - |  | - |  | (76,821 | ) | - |  | (76,821 | ) |

| Reclassification/transfer | 11,836 |  | 51,804 |  | 40,652 |  | (18,489 | ) | 85,803 |  |

| At 31st March 2025 | 1,718,221 |  | 897,464 |  | 376,234 |  | 128,853 |  | 3,120,772 |  |

| NET BOOK VALUE

| At 31st March 2025 | 501,404 |  | 412,682 |  | 309,523 |  | 191,147 |  | 1,414,756 |  |

| At 31st March 2024 | 43,628 |  | 926,895 |  | 210,285 |  | 244,293 |  | 1,425,101 |  |

G.H. RICHARDS (CHILBRIDGE FARM) LIMITED (REGISTERED NUMBER: 00531170)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

4. | TANGIBLE FIXED ASSETS - continued

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

| Harvesters

| & Balers

£ |

| COST

| At 1st April 2024

| and 31st March 2025 | 320,000 |  |

| DEPRECIATION

| At 1st April 2024 | 99,556 |  |

| Charge for year | 47,786 |  |

| Reclassification/transfer | (18,489 | ) |

| At 31st March 2025 | 128,853 |  |

| NET BOOK VALUE

| At 31st March 2025 | 191,147 |  |

| At 31st March 2024 | 220,444 |  |

5. | FIXED ASSET INVESTMENTS

| Listed

| investments

£ |

| COST OR VALUATION

| At 1st April 2024 | 101,258 |  |

| Revaluations | 5,679 |  |

| At 31st March 2025 | 106,937 |  |

| NET BOOK VALUE

| At 31st March 2025 | 106,937 |  |

| At 31st March 2024 | 101,258 |  |

| Cost or valuation at 31st March 2025 is represented by:

| Listed

| investments

£ |

| Valuation in 2024 | 101,258 |  |

| Valuation in 2025 | 5,679 |  |

106,937 |  |

G.H. RICHARDS (CHILBRIDGE FARM) LIMITED (REGISTERED NUMBER: 00531170)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST MARCH 2025

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 189,414 |  | 90,782 |  |

| Other debtors | 666,623 |  | 649,900 |  |

856,037 |  | 740,682 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 28,036 |  | 56,667 |  |

| Trade creditors | 148,120 |  | 83,182 |  |

| Taxation and social security | 64,529 |  | 34,313 |  |

| Other creditors | 482,859 |  | 410,863 |  |

723,544 |  | 585,025 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Hire purchase contracts | 63,081 |  | - |  |

9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| At the year end £145,536 (2024:£100,837) was owed to Mr WF and Mrs L Richards. Where the company has a balance due to a director, interest is charged at 0.5%. Where there is a balance due from a director to the company, interest is charged at 2.5%. During the year, interest totalling £616 (2024: £308) was paid to Mr WF and Mrs L Richards.

10. | RELATED PARTY DISCLOSURES

| Included within other creditors at the year end was £39,114 (2024: £38,539) due to Mrs WM Richards (deceased). This loan is unsecured and has no fixed date of repayment. Where the company has a balance due to her, interest accrues at 0.5%. Where there is a balance due from her, interest is charged at 2.5%. During the year, interest totalling £194 (2024: 196) has been accrued to Mrs WM Richards (deceased).

| Included within other creditors are loans due to Jack, Laura, James, Kim and Ben, the grandchildren of Mrs WM Richards. These loans total £29,802 (2024: £8,009). Interest accrues on these loans at 0.5% and they are repayable on demand. Interest for the year of £95 (2024: £73) has accrued in relation to these loans.

| Also included and within other creditors are loans due to the WJM and Mrs WM Richards 1995 Discretionary Trust of £0 (2024: £4,115) and an amount due from the WJM Richards 1997 Discretionary Trust of £1,039 (2024: £781 due to). The beneficiaries of these trusts are the children and grandchildren of WJM and Mrs WM Richards. Interest accrues on these loans at 0.5% and they are repayable on demand. Interest for the year of £10 (2024: £28) has been accrued in relation to these loans.