IRIS Accounts Production v25.4.0.155 03331831 director 1.4.24 31.3.25 31.3.25 0 0 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 03331831 2024-03-31 03331831 2025-03-31 03331831 2024-04-01 2025-03-31 03331831 2023-03-31 03331831 2023-04-01 2024-03-31 03331831 2024-03-31 03331831 ns15:EnglandWales 2024-04-01 2025-03-31 03331831 ns14:PoundSterling 2024-04-01 2025-03-31 03331831 ns10:Director1 2024-04-01 2025-03-31 03331831 ns10:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 03331831 ns10:SmallEntities 2024-04-01 2025-03-31 03331831 ns10:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 03331831 ns10:SmallCompaniesRegimeForDirectorsReport 2024-04-01 2025-03-31 03331831 ns10:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 03331831 ns10:FullAccounts 2024-04-01 2025-03-31 03331831 1 2024-04-01 2025-03-31 03331831 ns10:CompanySecretary1 2024-04-01 2025-03-31 03331831 ns10:RegisteredOffice 2024-04-01 2025-03-31 03331831 ns5:CurrentFinancialInstruments 2025-03-31 03331831 ns5:CurrentFinancialInstruments 2024-03-31 03331831 ns5:Non-currentFinancialInstruments 2025-03-31 03331831 ns5:Non-currentFinancialInstruments 2024-03-31 03331831 ns5:ShareCapital 2025-03-31 03331831 ns5:ShareCapital 2024-03-31 03331831 ns5:CapitalRedemptionReserve 2025-03-31 03331831 ns5:CapitalRedemptionReserve 2024-03-31 03331831 ns5:RetainedEarningsAccumulatedLosses 2025-03-31 03331831 ns5:RetainedEarningsAccumulatedLosses 2024-03-31 03331831 ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-04-01 2025-03-31 03331831 ns5:LeaseholdImprovements 2024-04-01 2025-03-31 03331831 ns5:PlantMachinery 2024-04-01 2025-03-31 03331831 ns5:MotorVehicles 2024-04-01 2025-03-31 03331831 ns5:ComputerEquipment 2024-04-01 2025-03-31 03331831 ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 03331831 ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure 2025-03-31 03331831 ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-03-31 03331831 ns5:LeaseholdImprovements 2024-03-31 03331831 ns5:PlantMachinery 2024-03-31 03331831 ns5:MotorVehicles 2024-03-31 03331831 ns5:ComputerEquipment 2024-03-31 03331831 ns5:LeaseholdImprovements 2025-03-31 03331831 ns5:PlantMachinery 2025-03-31 03331831 ns5:MotorVehicles 2025-03-31 03331831 ns5:ComputerEquipment 2025-03-31 03331831 ns5:LeaseholdImprovements 2024-03-31 03331831 ns5:PlantMachinery 2024-03-31 03331831 ns5:MotorVehicles 2024-03-31 03331831 ns5:ComputerEquipment 2024-03-31 03331831 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-03-31 03331831 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-03-31 03331831 ns5:DeferredTaxation 2024-03-31 03331831 ns5:DeferredTaxation 2025-03-31 03331831 ns10:Director2 2024-04-01 2025-03-31 03331831 2 ns10:Director2 2024-03-31 03331831 2 ns10:Director2 2023-03-31 03331831 2 ns10:Director2 2024-04-01 2025-03-31 03331831 2 ns10:Director2 2023-04-01 2024-03-31 03331831 2 ns10:Director2 2025-03-31 03331831 2 ns10:Director2 2024-03-31

REGISTERED NUMBER: 03331831 (England and Wales)

| N J R Farming Limited |

| Unaudited Financial Statements |

| for the Year Ended 31 March 2025 |

N J R Farming Limited (Registered number: 03331831)

Contents of the Financial Statements

for the Year Ended 31 March 2025

Page |

Company Information | 1 |

Chartered Accountants' Report | 2 |

Balance Sheet | 3 |

Notes to the Financial Statements | 5 |

N J R Farming Limited

Company Information

for the Year Ended 31 March 2025

| DIRECTOR: | EM Astley-Arlington

| SECRETARY: | EM Astley-Arlington

| REGISTERED OFFICE: | Middlethorpe Grange

| Caunton

| Newark

| Nottinghamshire

| NG23 6BB

| REGISTERED NUMBER: | 03331831 (England and Wales)

| ACCOUNTANTS: | The Hutchinson Partnership Limited

| trading as The Hutchinson Partnership

| Chartered Accountants

| The Bull Pen

| Grove Farm

| Portway, Burghill

| Hereford

| HR4 8NF

Chartered Accountants' Report to the Director

on the Unaudited Financial Statements of

N J R Farming Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of N J R Farming Limited for the year ended 31 March 2025 which comprise the Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of N J R Farming Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of N J R Farming Limited and state those matters that we have agreed to state to the director of N J R Farming Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than N J R Farming Limited and its director for our work or for this report.

It is your duty to ensure that N J R Farming Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of N J R Farming Limited. You consider that N J R Farming Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of N J R Farming Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

4 December 2025

N J R Farming Limited (Registered number: 03331831)

Balance Sheet

31 March 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 503,334 |  | 493,019 |  |

503,334 |  | 493,019 |  |

CURRENT ASSETS

Stocks | 50,662 |  | 63,292 |  |

Debtors | 6 | 736,261 |  | 1,347,193 |  |

Cash at bank | 413,947 |  | 626,062 |  |

1,200,870 |  | 2,036,547 |  |

CREDITORS

Amounts falling due within one year | 7 | 229,564 |  | 152,562 |  |

NET CURRENT ASSETS | 971,306 |  | 1,883,985 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,474,640 |  | 2,377,004 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (13,755 | ) | (16,048 | ) |

PROVISIONS FOR LIABILITIES | 9 | (39,726 | ) | (31,629 | ) |

NET ASSETS | 1,421,159 |  | 2,329,327 |  |

CAPITAL AND RESERVES

Allotted, issued and fully

paid share capital | 220,000 |  | 420,000 |  |

Capital redemption reserve | 250,645 |  | 50,645 |  |

Retained earnings | 950,514 |  | 1,858,682 |  |

SHAREHOLDERS' FUNDS | 1,421,159 |  | 2,329,327 |  |

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 director acknowledges his 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.

N J R Farming Limited (Registered number: 03331831)

Balance Sheet - continued

31 March 2025

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 3 December 2025 and were signed by:

EM Astley-Arlington - Director

N J R Farming Limited (Registered number: 03331831)

Notes to the Financial Statements

for the Year Ended 31 March 2025

1. | STATUTORY INFORMATION

| N J R Farming 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 principal place of business is Home Farm, Acton Reynald, Shrewsbury, Shropshire, SY4 4DS.

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.

| The director has considered the financial requirements of the company and considers that it will be able to operate within its agreed finance facilities for the next 12 months. The director therefore considers it appropriate to prepare the accounts on the going concern basis.

| Turnover

| Turnover represents milk sales, livestock sales and subsidies stated net of discounts, rebates, value added tax and other sales taxes.

| The company recognises revenue when the significant risks and rewards of ownership have passed to the buyer, when the amount of revenue can be measured reliably, when it is probable that the economic benefits associated with the transaction will flow to the entity and when the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from services is recognised in the accounting periods in which the services are rendered.

| The following criteria must be met before revenue is recognised:

| Milk sales are recognised when the milk is collected from the farm.

| Livestock sales are recognised when the animals are sold at market or delivered to the abattoir.

| Grant and subsidy revenue is recognised under the accruals basis and so is recognised as income in the period to which the grant relates.

| Intangible fixed assets

| Entitlements - the value of purchased entitlements was written off over the life of the scheme which concluded in 2012 and have therefore been fully amortised.

| 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.

| Improvements to leasehold property | - | 10% on cost

| Plant and machinery | - | 15% on reducing balance and 10% on cost

| Motor vehicles | - | 25% on reducing balance

| Herd | - | 25% on cost less residual value and 20% on cost less residual value

| The herd is a biological asset.

N J R Farming Limited (Registered number: 03331831)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

2. | ACCOUNTING POLICIES - continued

| Stocks

| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

| Included in stocks is livestock which is a biological asset. It is valued at estimated cost with reference to market value.

| Financial instruments

| The company has issued loans of £420,000 (2024: £1,120,000) through Folk 2 Folk lending. Interest on these is recognised when received. The recoverability of the loans is reviewed annually by the directors and their carrying values are adjusted accordingly. At present there are no indications that any of the loans are irrecoverable so they are recognised at their historical issued amount.

| All other financial instruments are basic and are carried at historic cost.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Comprehensive Income 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 balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

| Hire purchase and leasing commitments

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. | EMPLOYEES

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

N J R Farming Limited (Registered number: 03331831)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

4. | INTANGIBLE FIXED ASSETS

| Entitlements

£ |

| COST

| At 1 April 2024

| and 31 March 2025 | 99,068 |  |

| AMORTISATION

| At 1 April 2024

| and 31 March 2025 | 99,068 |  |

| NET BOOK VALUE

| At 31 March 2025 | - |  |

| At 31 March 2024 | - |  |

5. | TANGIBLE FIXED ASSETS

| Improvements |

| to |

| leasehold |  | Plant and |  | Motor |

| property |  | machinery |  | vehicles |  | Herd |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 April 2024 | 56,582 |  | 394,028 |  | 500 |  | 396,966 |  | 848,076 |  |

| Additions | - |  | 27,096 |  | - |  | 140,950 |  | 168,046 |  |

| Disposals | - |  | (41,750 | ) | - |  | (65,250 | ) | (107,000 | ) |

| At 31 March 2025 | 56,582 |  | 379,374 |  | 500 |  | 472,666 |  | 909,122 |  |

| DEPRECIATION

| At 1 April 2024 | 47,048 |  | 221,502 |  | 342 |  | 86,165 |  | 355,057 |  |

| Charge for year | 1,191 |  | 26,807 |  | 39 |  | 68,814 |  | 96,851 |  |

| Eliminated on disposal | - |  | (27,720 | ) | - |  | (18,400 | ) | (46,120 | ) |

| At 31 March 2025 | 48,239 |  | 220,589 |  | 381 |  | 136,579 |  | 405,788 |  |

| NET BOOK VALUE

| At 31 March 2025 | 8,343 |  | 158,785 |  | 119 |  | 336,087 |  | 503,334 |  |

| At 31 March 2024 | 9,534 |  | 172,526 |  | 158 |  | 310,801 |  | 493,019 |  |

6. | DEBTORS

2025 | 2024 |

£ | £ |

| Amounts falling due within one year:

| Trade debtors | 124,460 |  | 90,283 |  |

| Other debtors | 200,000 |  | 525,000 |  |

| Directors' loan accounts | 40,380 |  | 39,130 |  |

| VAT | 26,915 |  | 34,292 |  |

| Prepayments | 114,364 |  | 53,346 |  |

506,119 |  | 742,051 |  |

N J R Farming Limited (Registered number: 03331831)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

6. | DEBTORS - continued

2025 | 2024 |

£ | £ |

| Amounts falling due after more than one year:

| Other debtors > 1 yr | 230,142 |  | 605,142 |  |

| Aggregate amounts | 736,261 |  | 1,347,193 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade creditors | 99,759 |  | 117,349 |  |

| Corporation tax payable | 61,262 |  | - |  |

| Other creditors | 20 |  | 20 |  |

| Accruals and deferred income | 68,523 |  | 35,193 |  |

229,564 |  | 152,562 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Accruals and deferred income | 13,755 |  | 16,048 |  |

9. | PROVISIONS FOR LIABILITIES

2025 | 2024 |

£ | £ |

| Deferred tax

| Deferred tax - accelerated

| capital allowances | 39,726 |  | 43,171 |  |

| Deferred tax - revenue losses | - |  | (11,542 | ) |

39,726 |  | 31,629 |  |

| Deferred |

| tax |

£ |

| Balance at 1 April 2024 | 31,629 |  |

| Accelerated capital allowances | (3,445 | ) |

| Revenue losses | 11,542 |  |

| Balance at 31 March 2025 | 39,726 |  |

10. | FINANCIAL COMMITMENTS

| Total financial commitments which are not included in the balance sheet amount to £155,738 (2024: £123,224). The financial commitments are all due within a year and are for land and property rent.

N J R Farming Limited (Registered number: 03331831)

Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 March 2025 and 31 March 2024:

2025 | 2024 |

£ | £ |

| NJ Robertson

| Balance outstanding at start of year | 39,130 |  | 37,880 |  |

| Amounts advanced | 1,250 |  | 1,250 |  |

| Amounts repaid | - |  | - |  |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 40,380 |  | 39,130 |  |

| Interest was charged on the original overdrawn amounts of £25,000 (2024: £25,000) at 5% (2024: 5%) and is represented by the amounts advanced to directors in the year.

12. | RELATED PARTY DISCLOSURES

| Included in accrued expenses at the year end is a balance of £NIL (2024: £4,500) due to a partnership in which one of the directors is a partner. During the year, the partnership charged the company £4,750 (2024: £4,500) for bookkeeping services.

| During the year, N J R Farming Limited purchased cattle from a company which is controlled by one of the directors for £NIL (2024: £34,916). N J R Farming Limited also purchased machinery from this company for £NIL (2024: £41,700).