REGISTERED NUMBER: 00531170 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

G.H. RICHARDS (CHILBRIDGE FARM) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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

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.