GRANGE FARM EGGS LTD


Directors	MORRISON, Gillian Ann
	MORRISON, Kenneth
	MORRISON, Martin William


Company Secretary	MORRISON, Gillian


Registered Address	Grange Farm
	Hornby
	Northallerton
	DL6 2HF


Registered Number	07218159 (England and Wales)

Notes to the Financial Statements
for the year ended 30 June 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the sale of goods is recognising when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Turnover from the sale of goods is recognising when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	25
Plant and machinery	25	-
Fixtures and fittings	-	25

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

	Stocks and work in progress
	Biological assets, comprising hens are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Stocks and work in progress

Biological assets, comprising hens are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.  Cost is based on the cost of purchase on a first in, first out basis.  Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment.  If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell.  The impairment loss is recognised immediately in profit or loss.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	11		11

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 July 24	979,784	2,857,186	94,926	3,931,896
Additions	2,099,237	423,175	-	2,522,412
Disposals	-	(22,900)	-	(22,900)
At 30 June 25	3,079,021	3,257,461	94,926	6,431,408
Depreciation and impairment
At 01 July 24	293,564	1,276,763	48,036	1,618,363
Charge for year	23,832	159,325	3,797	186,954
On disposals	-	(18,824)	-	(18,824)
At 30 June 25	317,396	1,417,264	51,833	1,786,493
Net book value
At 30 June 25	2,761,625	1,840,197	43,093	4,644,915
At 30 June 24	686,220	1,580,423	46,890	2,313,533


	Included in land and buildings is land costing £1,878,258 which has not been depreciated.

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	358,932	372,665
Other debtors	115,384	285,600
Prepayments and accrued income	11,083	302,002
Total	485,399	960,267

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	102,005	55,605
Bank borrowings and overdrafts	10,000	11,947
Taxation and social security	537,865	377,529
Finance lease and HP contracts	36,947	-
Other creditors	63,810	-
Accrued liabilities and deferred income	13,121	10,668
Total	763,748	455,749


	Bank borrowings and overdrafts are secured by fixed and floating charges over the assets of the company.

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	5,834	15,833
Other creditors	98,524	-
Total	104,358	15,833


	Bank borrowings and overdrafts are secured by fixed and floating charges over the assets of the company.

7.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	135,471		-

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	442,000	369,050
Total	442,000	369,050

9.	Pension commitments
	The pension cost charge represents contributions payable by the company to the fund and amounted to £1,880 (2024 - £1,908).

10.	Related party transactions
	On 1 July 2024 the Director's owed the company £210,541. During the period the directors extracted £345,012 and repaid £625,293. At 30 June 2025 the Company owed the Directors’ £63,810. Interest has been charged using the HMRC rate for beneficial loan agreements. During the year the company made pension contributions totaling £155,700 (2024 £403,001) on behalf of the directors.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		4,644,915		2,313,533
			4,644,915		2,313,533
Current assets
Stocks		387,838		353,627
Debtors	4	485,399		960,267
Cash at bank and on hand		1,169,836		800,965
		2,043,073		2,114,859
Creditors amounts falling due within one year	5	(763,748)		(455,749)
Net current assets (liabilities)			1,279,325		1,659,110
Total assets less current liabilities			5,924,240		3,972,643
Creditors amounts falling due after one year	6		(104,358)		(15,833)
Provisions for liabilities	8		(442,000)		(369,050)
Net assets			5,377,882		3,587,760
Capital and reserves
Called up share capital			100		100
Profit and loss account			5,377,782		3,587,660
Shareholders' funds			5,377,882		3,587,760