REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

SHERWOOD FARMS,LIMITED

Page

Company Information

1

Report of the Directors

2

Balance Sheet

3

Notes to the Financial Statements

5

Chartered Certified Accountants' Report

9

DIRECTORS:

J R Parker

M J Parker

REGISTERED OFFICE:

Kinoulton Grange

Hickling

Melton Mowbray

Leicestershire

LE14 3AR

REGISTERED NUMBER:

00361854 (England and Wales)

ACCOUNTANTS:

Hewitt Card Limited

Chartered Certified Accountants

70-72 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BN

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of farming.

DIRECTORS

The directors during the year under review were:

A P Parker

- resigned 29.10.24

J R Parker

M J Parker

The beneficial interests of the directors holding office on 31 March 2025 in the issued share capital of the company were as follows:

31.3.25

1.4.24

Ordinary £1 shares

J R Parker

-

6,000

M J Parker

-

-

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

M J Parker - Director

4 December 2025

FIXED ASSETS

Intangible assets

4

2,144

4,287

Tangible assets

5

5,266,660

4,338,368

5,268,804

4,342,655

CURRENT ASSETS

Stocks

511,597

507,875

Debtors

6

698,945

1,271,727

Cash at bank and in hand

200,246

679,353

1,410,788

2,458,955

CREDITORS

Amounts falling due within one year

7

2,434,647

1,266,026

NET CURRENT (LIABILITIES)/ASSETS

(1,023,859

)

1,192,929

TOTAL ASSETS LESS CURRENT LIABILITIES

4,244,945

5,535,584

CREDITORS

Amounts falling due after more than one year

8

(3,567

)

(4,522

)

PROVISIONS FOR LIABILITIES

(440,459

)

(414,481

)

NET ASSETS

3,800,919

5,116,581

CAPITAL AND RESERVES

Called up share capital

9

11,500

11,500

Share premium

441,500

441,500

Retained earnings

3,347,919

4,663,581

SHAREHOLDERS' FUNDS

3,800,919

5,116,581

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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 December 2025 and were signed on its behalf by:

J R Parker - Director

1.	STATUTORY INFORMATION

Sherwood 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Egg Delivery Round is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

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

Land and buildings

-

2% on cost

Plant and machinery etc

-

25% on reducing balance, 10% on reducing balance and Straight line over 3 years

The value of land is not depreciated which is included in freehold property.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Deferred taxation

Provision is made at current rates for taxation deferred in respect of all material timing diffences.

Government grants

Amounts received from government departments are held as liabilities and are released to the profit and loss account over the estimated useful life of the asset to which the grant was given.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 19 (2024 - 17 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 April 2024

and 31 March 2025

6,430

AMORTISATION

At 1 April 2024

2,143

Charge for year

2,143

At 31 March 2025

4,286

NET BOOK VALUE

At 31 March 2025

2,144

At 31 March 2024

4,287

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Office

property

machinery

vehicles

Equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

3,400,216

4,132,417

170,333

14,655

7,717,621

Additions

856,164

318,041

-

1,045

1,175,250

At 31 March 2025

4,256,380

4,450,458

170,333

15,700

8,892,871

DEPRECIATION

At 1 April 2024

720,561

2,569,608

83,021

6,063

3,379,253

Charge for year

34,349

188,087

22,208

2,314

246,958

At 31 March 2025

754,910

2,757,695

105,229

8,377

3,626,211

NET BOOK VALUE

At 31 March 2025

3,501,470

1,692,763

65,104

7,323

5,266,660

At 31 March 2024

2,679,655

1,562,809

87,312

8,592

4,338,368

Included in cost of land and buildings is freehold land of £ 1,703,864 (2024 - £ 1,366,470 ) which is not depreciated.

6.

DEBTORS

31.3.25

31.3.24

£

£

Amounts falling due within one year:

Trade debtors

324,826

272,672

Directors' current accounts

-

640,735

VAT

35,173

26,048

Prepayments and accrued income

66,946

60,272

426,945

999,727

31.3.25

31.3.24

£

£

Amounts falling due after more than one year:

Trade debtors

272,000

272,000

Aggregate amounts

698,945

1,271,727

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

128,508

170,576

Amounts owed to group undertakings

1,220,178

-

Tax

245,973

302,801

Social security and other taxes

14,162

15,660

Other creditors

349,158

338,315

Directors' current accounts

382,226

393,180

Accrued expenses

93,487

44,992

Deferred government grants

955

502

2,434,647

1,266,026

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Deferred government grant

3,567

4,522

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

11,500

Ordinary

£1

11,500

11,500

10.	CAPITAL COMMITMENTS

31.3.25

31.3.24

£

£

Contracted but not provided for in the

financial statements

-

338,047

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:

31.3.25

31.3.24

£

£

A P Parker

Balance outstanding at start of year

640,735

(575,427

)

Amounts advanced

-

1,269,409

Amounts repaid

(640,735

)

(53,247

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

640,735

12.	ULTIMATE CONTROLLING PARTY

The controlling party is not known.

The following reproduces the text of the report prepared for the directors 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 Directors 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 Sherwood Farms,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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Sherwood Farms,Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Sherwood Farms,Limited and state those matters that we have agreed to state to the Board of Directors of Sherwood Farms,Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/gb/en/technical-activities/technical-resources-

search/2009/october/factsheet-163-audit-exempt-companies.html.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Sherwood Farms,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 Sherwood Farms,Limited. You consider that Sherwood Farms,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 Sherwood Farms,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.

Hewitt Card Limited

Chartered Certified Accountants

70-72 Nottingham Road

Mansfield

Nottinghamshire

NG18 1BN

Date: .............................................