REGISTERED NUMBER: 00513672 (England and Wales)

Herbert Payne (Farms) Limited

Unaudited Financial Statements for the Year Ended 31 March 2025

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs S P Burbridge

P L Burbridge

SECRETARY:

Mrs N T Butler

REGISTERED OFFICE:

Swanton Farm

Bicknor

Sittingbourne

Kent

ME9 8AT

REGISTERED NUMBER:

00513672 (England and Wales)

ACCOUNTANTS:

Aggarwal & Co

Chartered Accountants

5 London Road

Rainham

Gillingham

Kent

ME8 7RG

FIXED ASSETS

Tangible assets

4

1,422

1,715

Investment property

5

499,810

499,810

501,232

501,525

CURRENT ASSETS

Debtors

6

279,525

242,636

CREDITORS

Amounts falling due within one year

7

336,162

322,105

NET CURRENT LIABILITIES

(56,637

)

(79,469

)

TOTAL ASSETS LESS CURRENT LIABILITIES

444,595

422,056

PROVISIONS FOR LIABILITIES

93,532

93,532

NET ASSETS

351,063

328,524

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Fair value reserve

396,282

396,282

Retained earnings

(46,219

)

(68,758

)

351,063

328,524

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 October 2025 and were signed on its behalf by:

P L Burbridge - Director

1.	STATUTORY INFORMATION

Herbert Payne (Farms) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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 the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income recognition

Income represents the fair value of consideration received or receivable derived from rental income during the year and is recognised when the company becomes entitled to it, from the point the properties are let, net of any voids..

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Land and buildings

-

10% on reducing balance

Plant and machinery etc

-

20% on cost and 10% on cost

Investment property

Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

45,919

76,123

122,042

DEPRECIATION

At 1 April 2024

45,797

74,530

120,327

Charge for year

12

281

293

At 31 March 2025

45,809

74,811

120,620

NET BOOK VALUE

At 31 March 2025

110

1,312

1,422

At 31 March 2024

122

1,593

1,715

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

499,810

NET BOOK VALUE

At 31 March 2025

499,810

At 31 March 2024

499,810

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed by group undertakings

274,982

237,854

Other debtors

4,543

4,782

279,525

242,636

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Amounts owed to group undertakings

308,996

308,996

Taxation and social security

7,106

3,028

Other creditors

20,060

10,081

336,162

322,105

8.	ULTIMATE CONTROLLING PARTY

The company is under the control of Marinada Ltd, a company incorporated in Jersey whose registered office address is 2nd Floor, Commercial House, Commercial Street, St Helier. Jersey. Marinada Ltd holds 52% of the issued share capital in the company.