Silverfin false false 31/03/2025 01/04/2024 31/03/2025 Mrs C Parris Mr D F Parris Mrs V L Parris Mr W D Parris 10 November 2025 The principal activity of the company is raising of dairy cattle. 15141816 2025-03-31 15141816 2024-03-31 15141816 core:CurrentFinancialInstruments 2025-03-31 15141816 core:CurrentFinancialInstruments 2024-03-31 15141816 core:ShareCapital 2025-03-31 15141816 core:ShareCapital 2024-03-31 15141816 core:RetainedEarningsAccumulatedLosses 2025-03-31 15141816 core:RetainedEarningsAccumulatedLosses 2024-03-31 15141816 core:OtherPropertyPlantEquipment 2024-03-31 15141816 core:OtherPropertyPlantEquipment 2025-03-31 15141816 core:ConsumableBiologicalAssetClass1 2024-03-31 15141816 core:ConsumableBiologicalAssetClass1 2025-03-31 15141816 2024-04-01 2025-03-31 15141816 bus:FilletedAccounts 2024-04-01 2025-03-31 15141816 bus:SmallEntities 2024-04-01 2025-03-31 15141816 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 15141816 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 15141816 bus:Director1 2024-04-01 2025-03-31 15141816 bus:Director2 2024-04-01 2025-03-31 15141816 bus:Director3 2024-04-01 2025-03-31 15141816 bus:Director4 2024-04-01 2025-03-31 15141816 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 15141816 2023-04-01 2024-03-31 15141816 core:ConsumableBiologicalAssetClass1 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Company No: 15141816 (England and Wales)

# HIGHLEY FARM LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

HIGHLEY FARM LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

HIGHLEY FARM LIMITED

## BALANCE SHEET

As at 31 March 2025
HIGHLEY FARM LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 112,634 |  | 0
Biological assets | 4 | 370,339 |  | 0
|  | 482,973 |  | 0
Current assets |  |  |  |
Debtors | 5 | 163,272 |  | 0
Cash at bank and in hand |  | 137,790 |  | 100
|  | 301,062 |  | 100
Creditors: amounts falling due within one year | 6 | ( 729,690) |  | 0
Net current (liabilities)/assets |  | (428,628) |  | 100
Total assets less current liabilities |  | 54,345 |  | 100
Provision for liabilities |  | ( 28,159) |  | 0
Net assets |  | 26,186 |  | 100
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 26,086 |  | 0
Total shareholders' funds |  | 26,186 |  | 100

For the financial year ending 31 March 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 financial year 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; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Highley Farm Limited (registered number: 15141816) were approved and authorised for issue by the Board of Directors on 10 November 2025. They were signed on its behalf by:

Mrs C Parris Director |

HIGHLEY FARM LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
HIGHLEY FARM LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Highley Farm Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Highley Farm, Upottery, Honiton, EX14 9PD, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. | 8 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

##### Biological assets

Biological assets are recognised only when the entity has control of the asset as a result of past events, it is probable that future economic benefits associated with the asset will flow to the entity; and the fair value or cost of the asset can be measured reliably.

The Company measures biological assets at cost less accumulated depreciation and accumulated impairment losses as follows:
Biological assets - 4 years straight line

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).
When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 4 |  | 4

#### 3. Tangible assets

| Plant and machinery etc. |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 0 |  | 0
Additions | 116,386 |  | 116,386
At 31 March 2025 | 116,386 |  | 116,386
Accumulated depreciation |  |  |
At 01 April 2024 | 0 |  | 0
Charge for the financial year | 3,752 |  | 3,752
At 31 March 2025 | 3,752 |  | 3,752
Net book value |  |  |
At 31 March 2025 | 112,634 |  | 112,634
At 31 March 2024 | 0 |  | 0

#### 4. Biological assets

| 2025
| £
Biological assets at cost | 370,339

Assets held at cost:

| Dairy |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 0 |  | 0
Increase due to purchases/ transfers in | 422,052 |  | 422,052
At 31 March 2025 | 422,052 |  | 422,052
Accumulated depreciation |  |  |
At 01 April 2024 | 0 |  | 0
Charge for the financial year | 51,713 |  | 51,713
At 31 March 2025 | 51,713 |  | 51,713
Net book value |  |  |
At 31 March 2025 | 370,339 |  | 370,339
At 31 March 2024 | 0 |  | 0

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 137,391 |  | 0
VAT recoverable | 25,881 |  | 0
| 163,272 |  | 0

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 148,458 |  | 0
Amounts owed to directors | 541,786 |  | 0
Accruals | 3,750 |  | 0
Taxation and social security | 35,696 |  | 0
| 729,690 |  | 0