Company No: 09922302 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Intangible assets	3	1,150		1,150
Tangible assets	4	1,442,861		1,566,227
Biological assets	5	14,482		26,771
Investments	6	262,250		262,250
		1,720,743		1,856,398
Current assets
Stocks		302,652		487,161
Debtors	7	500,339		331,794
Cash at bank and in hand		182,949		351,941
		985,940		1,170,896
Creditors: amounts falling due within one year	8	( 536,599)		( 443,771)
Net current assets		449,341		727,125
Total assets less current liabilities		2,170,084		2,583,523
Creditors: amounts falling due after more than one year	9	( 980,476)		( 1,144,645)
Provision for liabilities		23,780		( 121,639)
Net assets		1,213,388		1,317,239
Capital and reserves
Called-up share capital		262,300		262,300
Profit and loss account		951,088		1,054,939
Total shareholders' funds		1,213,388		1,317,239

For the financial year ending 31 December 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Henson and Andrews Limited (registered number: 09922302) were approved and authorised for issue by the Board of Directors on 13 November 2025. They were signed on its behalf by:

Mr A Henson Director

Mr D Andrews Director

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

Henson and Andrews 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:

Bemborough Farm
Kineton
Guiting Power
Cheltenham
GL54 5UG

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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) 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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Trademarks, patents and licences	not amortised
Entitlements	4 years straight line

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 [straight-line, reducing balance] basis over its expected useful life, as follows:

Leasehold improvements	depreciated over the life of the lease
Plant and machinery	15 % reducing balance
	18 years straight line
Vehicles	25 % reducing balance
Fixtures and fittings	15 % 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 20% straight line accumulated depreciation and accumulated impairment losses.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Intangible assets

	Trademarks, patents and licences		Entitlements		Total
	£		£		£
Cost
At 01 January 2024	1,150		129,392		130,542
Disposals	0		( 129,392)		( 129,392)
At 31 December 2024	1,150		0		1,150
Accumulated amortisation
At 01 January 2024	0		129,392		129,392
Disposals	0		( 129,392)		( 129,392)
At 31 December 2024	0		0		0
Net book value
At 31 December 2024	1,150		0		1,150
At 31 December 2023	1,150		0		1,150

4. Tangible assets

	Leasehold improve- ments		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 January 2024	953,048		1,242,971		28,000		9,283		2,233,302
Additions	0		36,016		0		0		36,016
At 31 December 2024	953,048		1,278,987		28,000		9,283		2,269,318
Accumulated depreciation
At 01 January 2024	313,037		339,932		7,875		6,231		667,075
Charge for the financial year	52,940		100,359		5,031		1,052		159,382
At 31 December 2024	365,977		440,291		12,906		7,283		826,457
Net book value
At 31 December 2024	587,071		838,696		15,094		2,000		1,442,861
At 31 December 2023	640,011		903,039		20,125		3,052		1,566,227

5. Biological assets

	2024
	£
Biological assets at cost	14,482

Assets held at cost:

	Beef		Sheep		Total
	£		£		£
Cost
At 01 January 2024	24,359		58,621		82,980
Increase due to purchases/ transfers in	5,178		260		5,438
Decrease attributable to sales/ transfers out	( 12,150)		( 21,800)		( 33,950)
At 31 December 2024	17,387		37,081		54,468
Accumulated depreciation
At 01 January 2024	9,792		46,417		56,209
Charge for the financial year	3,277		7,416		10,693
Decrease attributable to sales/ transfers out	( 6,645)		( 20,271)		( 26,916)
At 31 December 2024	6,424		33,562		39,986
Net book value
At 31 December 2024	10,963		3,519		14,482
At 31 December 2023	14,567		12,204		26,771

6. Fixed asset investments

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	262,250
At 31 December 2024	262,250
Carrying value at 31 December 2024	262,250
Carrying value at 31 December 2023	262,250

7. Debtors

	2024		2023
	£		£
Trade debtors	162,580		119,717
Amounts owed by Group undertakings	180,000		60,000
Amounts owed by directors	126		29,294
Prepayments and accrued income	90,134		92,857
VAT recoverable	38,001		427
Corporation tax	29,498		29,499
	500,339		331,794

8. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	110,974		90,141
Trade creditors	313,453		155,108
Amounts owed to Group undertakings	0		113,622
Amounts owed to directors	2,811		0
Accruals	7,340		7,140
Obligations under finance leases and hire purchase contracts	72,993		61,319
Other creditors	29,028		16,441
	536,599		443,771

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

	2024		2023
	£		£
Bank loans	0		30,833
Obligations under finance leases and hire purchase contracts	101,604		144,798
Other creditors	878,872		969,014
	980,476		1,144,645

Creditors include other loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured against the assets to which they relate.