Humberside Farmers Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00877502

Humberside Farmers Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

Humberside Farmers Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Intangible assets	5	27,963	27,963
Tangible assets	6	6,651,975	6,196,252
Investments	7	22	22
		-------------	-------------
		6,679,960	6,224,237

Current assets

Stocks		1,242,442	1,305,702
Debtors	8	656,494	624,981
Investments	9	4,826,137	4,598,673
Cash at bank and in hand		6,898,751	6,703,832
		--------------	--------------
		13,623,824	13,233,188

Creditors: amounts falling due within one year	10	4,490,160		4,200,145
		--------------		--------------
Net current assets			9,133,664		9,033,043
			--------------		--------------
Total assets less current liabilities			15,813,624		15,257,280

Provisions

Taxation including deferred tax	331,007	326,468
	--------------	--------------
Net assets	15,482,617	14,930,812
	--------------	--------------

Capital and reserves

Called up share capital	1,011,750	1,011,750
Capital redemption reserve	7,250	7,250
Profit and loss account	14,463,617	13,911,812
	--------------	--------------
Shareholders funds	15,482,617	14,930,812
	--------------	--------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

Humberside Farmers Limited

Statement of Financial Position (continued)

31 March 2025

For the 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 2 December 2025 , and are signed on behalf of the board by:

Mr R D Bramhill

Director

Company registration number: 00877502

Humberside Farmers Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Estate Office, Newbald Lodge farm, North Newbald, York, YO43 4TF.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

(a) Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

(b) Going concern

The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.

(c) Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied as adjusted for stocks, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from the sale of renewable energy is recognised when the amount of revenue can be measured reliably and it is probable that the associated economic benefits will flow to the entity. Income from rents receivable is recognised in accordance with the agreed terms of the relevant lease agreements. Dividend income is recognised when the company's right to receive payment is established.

(d) Current and deferred tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

(e) Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

(f) Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

(g) Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	10 years straight line
Leasehold property improvements	-	10 years straight line
Plant, machinery and motor vehicles	-	7 years straight line

(h) Investments

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

(i) Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

(j) Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition. Stocks of unsold farm produce on hand at the year end date are valued using the industry standard valuation method set out in H M Revenue & Customs help sheet IR232.

(k) Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

(l) Government grants

Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.

Government grants are recognised using the accrual model and the performance model.

Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.

Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

(m) Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

(n) Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 7 (2024: 9 ).

5. Intangible assets

	Residual manurial values	Entitlement	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	22,303	5,660	27,963
	--------	-------	--------
Amortisation
At 1 April 2024 and 31 March 2025	–	–	–
	--------	-------	--------
Carrying amount
At 31 March 2025	22,303	5,660	27,963
	--------	-------	--------
At 31 March 2024	22,303	5,660	27,963
	--------	-------	--------

No amortisation is provided on the basis that continuing expenditure by the company is such that future values are expected to be at least equal to the amount at which they are stated in the balance sheet.

6. Tangible assets

	Freehold property	Leasehold property improvem'ts	Plant and machinery	Total
	£	£	£	£
Cost
At 1 April 2024	5,504,000	628,872	2,065,012	8,197,884
Additions	485,664	54,065	88,179	627,908
Disposals	–	–	( 127,838)	( 127,838)
Transfers	14,512	( 14,512)	–	–
	-------------	----------	-------------	-------------
At 31 March 2025	6,004,176	668,425	2,025,353	8,697,954
	-------------	----------	-------------	-------------
Depreciation
At 1 April 2024	–	491,299	1,510,333	2,001,632
Charge for the year	1,451	36,482	134,243	172,176
Disposals	–	–	( 127,829)	( 127,829)
Transfers	1,921	( 1,921)	–	–
	-------------	----------	-------------	-------------
At 31 March 2025	3,372	525,860	1,516,747	2,045,979
	-------------	----------	-------------	-------------
Carrying amount
At 31 March 2025	6,000,804	142,565	508,606	6,651,975
	-------------	----------	-------------	-------------
At 31 March 2024	5,504,000	137,573	554,679	6,196,252
	-------------	----------	-------------	-------------

7. Investments

	Unlisted investments
	£
Cost
At 1 April 2024 and 31 March 2025	22
	----
Impairment
At 1 April 2024 and 31 March 2025	–
	----

Carrying amount
At 31 March 2025	22
	----
At 31 March 2024	22
	----

Unlisted investments consist of holdings in agricultural trading concerns.

8. Debtors

	2025	2024
	£	£
Trade debtors	237,309	288,311
Other debtors	419,185	336,670
	----------	----------
	656,494	624,981
	----------	----------

9. Investments

	2025	2024
	£	£
Listed investments at valuation	4,826,137	4,598,673
	-------------	-------------

10. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	324,093	268,624
Corporation tax	265,000	145,000
Social security and other taxes	2,542	4,204
Directors loan accounts	2,176,985	2,119,829
Other creditors	1,721,540	1,662,488
	-------------	-------------
	4,490,160	4,200,145
	-------------	-------------

11. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	4,826,137	4,598,673
	-------------	-------------

12. Related party transactions

The directors have made loans to the company . No interest was paid on the loans in the year ended 31 March 2025. The directors loans are repayable on demand. As at 31 March 2025 the balance owed to the directors totalled £ 2,176,985 (2024 - £2,119,829).