Company registration number 394233 (England and Wales)
ADDIS FARMS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
ADDIS FARMS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 10
ADDIS FARMS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,803,771
1,805,165
Current assets
Stocks
1,900
2,400
Debtors
120,155
11,889
Cash at bank and in hand
701,018
678,370
823,073
692,659
Creditors: amounts falling due within one year
(139,735)
(40,169)
Net current assets
683,338
652,490
Total assets less current liabilities
2,487,109
2,457,655
Provisions for liabilities
(75,941)
(75,941)
Net assets
2,411,168
2,381,714
Capital and reserves
Called up share capital
4
100
100
Revaluation reserve
5
1,051,803
1,051,803
Profit and loss reserves
1,359,265
1,329,811
Total equity
2,411,168
2,381,714
ADDIS FARMS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 10 November 2025 and are signed on its behalf by:
R J Needham
Director
Company registration number 394233 (England and Wales)
ADDIS FARMS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
Share capital
Revaluation reserve
Capital redemption reserve
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 April 2023
537,093
1,051,803
11,354
813,717
2,413,967
Year ended 31 March 2024:
Loss and total comprehensive income
-
-
-
(2,253)
(2,253)
Dividends
-
-
-
(30,000)
(30,000)
Reduction of shares
4
-
0
-
-
548,347
548,347
Other movements
(536,993)
-
(11,354)
-
(548,347)
Balance at 31 March 2024
100
1,051,803
-
0
1,329,811
2,381,714
Year ended 31 March 2025:
Profit and total comprehensive income
-
-
-
59,454
59,454
Dividends
-
-
-
(30,000)
(30,000)
Balance at 31 March 2025
100
1,051,803
-
0
1,359,265
2,411,168
ADDIS FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
1
Accounting policies
Company information

Addis Farms Limited is a private company limited by shares incorporated in England and Wales. The registered office is Addis Farm, Addis Lane, Cutnall Green, Droitwich, Worcestershire, WR9 0NB.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Basic Payment Scheme

Income from the scheme is recognised on a calendar year basis when the eligibility criteria have been met.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% p.a. straight line basis
Plant, machinery and motor vehicles
25% p.a. reducing balance basis

Freehold land is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

ADDIS FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.5
Stocks

Stock is valued at the lower of cost and net realisable value and in accordance with HM Revenue and Customs guidance HS232 (originally BEN 19).

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

ADDIS FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 6 -
Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. 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 or loss.

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. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

ADDIS FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 7 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

ADDIS FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
3
Tangible fixed assets
Total
£
Cost
At 1 April 2024 and 31 March 2025
1,874,599
Depreciation and impairment
At 1 April 2024
69,434
Depreciation charged in the year
1,394
At 31 March 2025
70,828
Carrying amount
At 31 March 2025
1,803,771
At 31 March 2024
1,805,165

The company has adopted the transition exemption under FRS102 and has elected to use previous revaluation as deemed cost.

Land and buildings with a carrying amount of £1,799,575 were last valued by an independent valuer not connected with the company on the basis of market value at 1 April 2019.

The revaluation surplus is disclosed in note 5.

ADDIS FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 9 -
4
Called up share capital
2025
2024
£
£
Ordinary share capital
Authorised
998,000 Ordinary shares of £1 each
998,000
998,000
Issued and fully paid
100 Ordinary shares of £1 each
100
100
100
100
Authorised
2,000 Preference shares of £1 each
2,000
2,000

On 28 July 2023 the Company reduced its share capital from 537,093 ordinary shares of £1 to 100 ordinary shares of £1 by cancelling and extinguishing 536,993 ordinary shares of £1 in the issued share capital. On the same day, the Company also reduced its capital by cancelling all of its capital redemption reserve of £11,354. The aggregate amount by which the Company’s capital was reduced was credited to the Company’s distributable reserves.

5
Revaluation reserve
2025
2024
£
£
At the beginning and end of the year
1,051,803
1,051,803
6
Operating lease commitments
As lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
Total commitments
5,000
5,000
ADDIS FARMS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 10 -
7
Related party transactions
The company is exempt from disclosing related party transactions with the parent company, as this company
is wholly owned within the group.
Related Individuals
The following transactions took place with individual related parties during the period:
Other transactions with directors
During the year, 2 of the directors charged the company rent of £5,000 (2024: £5,000)
All related party transactions
There are no provisions against any of the amounts owing at the period end and no amounts have been written off in respect of these transactions during the period.
8
Parent company

The parent company of Addis Farms Limited is Addis Farm Holdings Limited, and its registered office is Addis Farm, Addis Lane, Cutnall Green, Droitwich, Worcestershire, WR9 0NB.

2025-03-31 2024-04-01 false false false 11 November 2025 CCH Software CCH Accounts Production 2025.100 No description of principal activity Mrs V H Connolly G R Needham R J Needham R J Needham 394233 2024-04-01 2025-03-31 394233 2025-03-31 394233 2024-03-31 394233 core:ShareCapital 2025-03-31 394233 core:ShareCapital 2024-03-31 394233 core:RevaluationReserve 2025-03-31 394233 core:RevaluationReserve 2024-03-31 394233 core:RetainedEarningsAccumulatedLosses 2025-03-31 394233 core:RetainedEarningsAccumulatedLosses 2024-03-31 394233 core:ShareCapital 2023-03-31 394233 core:RevaluationReserve 2023-03-31 394233 core:CapitalRedemptionReserve 2023-03-31 394233 core:RetainedEarningsAccumulatedLosses 2023-03-31 394233 core:CapitalRedemptionReserve 2024-03-31 394233 core:CapitalRedemptionReserve 2025-03-31 394233 core:ShareCapitalOrdinaryShareClass1 2025-03-31 394233 core:ShareCapitalOrdinaryShareClass1 2024-03-31 394233 core:ShareCapitalOrdinaryShares 2025-03-31 394233 core:ShareCapitalOrdinaryShares 2024-03-31 394233 bus:CompanySecretaryDirector1 2024-04-01 2025-03-31 394233 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 394233 2023-04-01 2024-03-31 394233 core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 394233 core:ShareCapital 2023-04-01 2024-03-31 394233 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 394233 core:PlantMachinery 2024-04-01 2025-03-31 394233 2024-03-31 394233 bus:OrdinaryShareClass1 2024-04-01 2025-03-31 394233 bus:OrdinaryShareClass1 2025-03-31 394233 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 394233 bus:FRS102 2024-04-01 2025-03-31 394233 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 394233 bus:Director1 2024-04-01 2025-03-31 394233 bus:Director2 2024-04-01 2025-03-31 394233 bus:Director3 2024-04-01 2025-03-31 394233 bus:CompanySecretary1 2024-04-01 2025-03-31 394233 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 394233 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP