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Company No: 06189949 (England and Wales)

# HOLLANDS FARMS BLANDFORD LIMITED

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

HOLLANDS FARMS BLANDFORD LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

HOLLANDS FARMS BLANDFORD LIMITED

## BALANCE SHEET

As at 31 March 2025
HOLLANDS FARMS BLANDFORD LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 1,893,429 |  | 1,826,624
Investments | 4 | 94,231 |  | 89,748
|  | 1,987,660 |  | 1,916,372
Current assets |  |  |  |
Stocks | 5 | 323,447 |  | 337,882
Debtors | 6 | 37,544 |  | 54,532
|  | 360,991 |  | 392,414
Creditors: amounts falling due within one year | 7 | ( 335,012) |  | ( 354,662)
Net current assets |  | 25,979 |  | 37,752
Total assets less current liabilities |  | 2,013,639 |  | 1,954,124
Creditors: amounts falling due after more than one year | 8 | ( 1,564,831) |  | ( 1,542,769)
Provision for liabilities |  | ( 45,116) |  | ( 34,888)
Net assets |  | 403,692 |  | 376,467
Capital and reserves |  |  |  |
Called-up share capital |  | 1 |  | 1
Profit and loss account |  | 403,691 |  | 376,466
Total shareholder's funds |  | 403,692 |  | 376,467

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.

Director's responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The director acknowledges 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 Hollands Farms Blandford Limited (registered number: 06189949) were approved and authorised for issue by the Director on 10 November 2025. They were signed on its behalf by:

Mr B G Cooper Director |

HOLLANDS FARMS BLANDFORD LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
HOLLANDS FARMS BLANDFORD 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

The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Manor Farmhouse
Birch Close
Charlton Marshall
Blandford Forum
Dorset
DT11 9AJ

##### Prior year adjustment

Contracting wages which were included in Wages and salaries under the administrative expenses section have been re-analysed to Contracting under cost of sales. There is no financial impact due to this adjustment.

##### Taxation

Current tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Land and buildings | 0 - 5 % reducing balance
Plant and machinery | 15 - 17.5 % reducing balance

##### Leases

The Company as lessee
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.
Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.
Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are 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.

##### Financial instruments

Classification
The company holds the following financial instruments:
• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments. Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

##### Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', including Section 1A, and the Companies Act 2006.

##### Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

##### Group accounts not prepared

The company is the subsidiary undertaking of a small group and as such the group is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking.

##### Revenue recognition

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.

##### 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

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

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2024 | 1,581,921 |  | 854,265 |  | 2,436,186
Additions | 0 |  | 164,727 |  | 164,727
Disposals | 0 |  | ( 35,250) |  | ( 35,250)
At 31 March 2025 | 1,581,921 |  | 983,742 |  | 2,565,663
Accumulated depreciation |  |  |  |  |
At 01 April 2024 | 92,009 |  | 517,553 |  | 609,562
Charge for the financial year | 3,461 |  | 69,609 |  | 73,070
Disposals | 0 |  | ( 10,398) |  | ( 10,398)
At 31 March 2025 | 95,470 |  | 576,764 |  | 672,234
Net book value |  |  |  |  |
At 31 March 2025 | 1,486,451 |  | 406,978 |  | 1,893,429
At 31 March 2024 | 1,489,912 |  | 336,712 |  | 1,826,624

Included with the net book value of land and buildings above is £1,486,451 (2024 - £1,489,912) in respect of freehold land and buildings.

#### 4. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 April 2024 | 89,748 |  | 89,748
Additions | 4,483 |  | 4,483
At 31 March 2025 | 94,231 |  | 94,231
Carrying value at 31 March 2025 | 94,231 |  | 94,231
Carrying value at 31 March 2024 | 89,748 |  | 89,748

#### 5. Stocks

| 2025 |  | 2024
| £ |  | £
Livestock | 250,443 |  | 265,942
Crops | 73,004 |  | 71,940
| 323,447 |  | 337,882

#### 6. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 27,251 |  | 49,675
Corporation tax | 50 |  | 50
Other debtors | 10,243 |  | 4,807
| 37,544 |  | 54,532

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

| 2025 |  | 2024
| £ |  | £
Bank loans and overdrafts | 72,568 |  | 119,644
Trade creditors | 61,466 |  | 41,228
Other taxation and social security | 2,603 |  | 2,396
Obligations under finance leases and hire purchase contracts | 38,850 |  | 24,456
Other creditors | 159,525 |  | 166,938
| 335,012 |  | 354,662

#### 8. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 283,215 |  | 272,215
Amounts owed to Parent undertakings | 1,230,915 |  | 1,230,915
Obligations under finance leases and hire purchase contracts | 50,701 |  | 39,639
| 1,564,831 |  | 1,542,769

Creditors over and under one year include bank loans and overdrafts totalling £355,783 (2024 - £391,859) with fixed and floating charges. Also included are net obligations under finance lease and hire purchase contracts of £89,551 (2024 - £64,095) which are secured on the assets they relate.

#### 9. Related party transactions

Transactions with owners holding a participating interest in the entity

| 2025 |  | 2024
| £ |  | £
At start of period | 1,230,915 |  | 1,230,915
At end of period | 1,230,915 |  | 1,230,915

Hollands Farms B Limited
Hollands Farms Blandford Limited commenced trading on 1 April 2007 with assets and trade received via a dividend to the shareholders of Hollands Farms B Limited, its parent company, on the statutory demerger under s213 ICTA from Hollands (Farms) Limited. The total owing to Hollands Farms B Limited at the balance sheet date was £1,230,915 (2023: £1,230,915) and is included within amounts owing to group undertakings.