Tween Farming Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01168930

Tween Farming Ltd

Unaudited financial statements

31 July 2025

Tween Farming Ltd

Statement of financial position

31 July 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	6		3,422,693		3,395,463

Current assets

Stocks		104,548	160,466
Debtors	7	20,398	18,906
Cash at bank and in hand		132,849	77,371
		---------	---------
		257,795	256,743

Creditors: Amounts falling due within one year	8	( 69,158)		( 46,996)
		---------		---------
Net current assets			188,637		209,747
			-----------		-----------
Total assets less current liabilities			3,611,330		3,605,210

Creditors: Amounts falling due after more than one year	9		–		( 4,827)

Provisions

Taxation including deferred tax	( 481,048)	( 465,207)
	-----------	-----------
Net assets	3,130,282	3,135,176
	-----------	-----------

Capital and reserves

Called up share capital	3,600	3,600
Revaluation reserve	2,320,031	2,332,891
Capital redemption reserve	4,800	4,800
Profit and loss account	801,851	793,885
	-----------	-----------
Shareholders funds	3,130,282	3,135,176
	-----------	-----------

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 income statement has not been delivered.

For the year ending 31 July 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 .

Tween Farming Ltd

Statement of financial position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 20 October 2025 , and are signed on behalf of the board by:

Mr C Tween	Mrs A Tween
Director	Director

Company registration number: 01168930

Tween Farming Ltd

Notes to the financial statements

Year ended 31 July 2025

1. General information

The company's trading address is Hall Farm, Lower Road, Onehouse, Stowmarket, IP14 3BY.

2. Statement of compliance

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

Tangible assets

Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity 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:

Land and buildings	-	not depreciated except grainstore floor depreciated 2% straight line
Plant and machinery	-	15% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Stocks

Commodity stocks and cultivations are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. The valuation of crops in store and cultivations includes an element of depreciation.

Government grants

Government grants are recognised at the fair value of the asset received or receivable. 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 accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. 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. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability. Included within other income are Basic Payment Scheme and Environmental Scheme subsidies totalling £31,917 (2024: £20,895).

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of employees during the year was 2 (2024: 2 ).

5. Tax on profit

Major components of tax expense/(income)

	2025	2024
	£	£

Current tax:

UK current tax expense	4,719	5,170

Deferred tax:

Origination and reversal of timing differences	15,841	( 5,885)
	-------	------
Tax on profit	20,560	( 715)
	-------	------

Reconciliation of tax expense/(income)

The tax assessed on the profit on ordinary activities for the year is higher than (2024: lower than) the standard rate of corporation tax in the UK of 19 % (2024: 19 %).

The differences are explained below:-

	2025	2024
	£	£
Profit on ordinary activities before taxation	73,666	5,085
	-------	------
Profit on ordinary activities by rate of tax	13,997	966
Effect of capital allowances and depreciation	( 9,278)	4,204
Deferred tax movement	15,841	( 5,885)
	-------	------
Tax on profit	20,560	( 715)
	-------	------

6. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 August 2024	3,267,796	429,663	36,689	5,641	3,739,789
Additions	12,865	56,910	–	–	69,775
Disposals	( 18,000)	( 900)	–	–	( 18,900)
	-----------	---------	-------	------	-----------
At 31 July 2025	3,262,661	485,673	36,689	5,641	3,790,664
	-----------	---------	-------	------	-----------
Depreciation
At 1 August 2024	1,582	312,348	26,162	4,234	344,326
Charge for the year	800	20,605	2,632	352	24,389
Disposals	–	( 744)	–	–	( 744)
	-----------	---------	-------	------	-----------
At 31 July 2025	2,382	332,209	28,794	4,586	367,971
	-----------	---------	-------	------	-----------
Carrying amount
At 31 July 2025	3,260,279	153,464	7,895	1,055	3,422,693
	-----------	---------	-------	------	-----------
At 31 July 2024	3,266,214	117,315	10,527	1,407	3,395,463
	-----------	---------	-------	------	-----------

7. Debtors

	2025	2024
	£	£
Trade debtors	14,629	13,542
Other debtors	5,769	5,364
	-------	-------
	20,398	18,906
	-------	-------

8. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	983	10,501
Social security and other taxes	4,719	5,173
Other creditors	63,456	31,322
	-------	-------
	69,158	46,996
	-------	-------

Included in other creditors is a value of £4,827 which is secured on the asset of which the liability relates to.

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

	2025	2024
	£	£
Other creditors	–	4,827
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