REGISTERED NUMBER: 03378682 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2024 TO 23 DECEMBER 2024

FOR

THE HEPWORTH HALL FARMING COMPANY

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M T Hunnable

REGISTERED OFFICE:

Hepworth Hall

Hedingham Road

Halstead

Essex

CO9 2QN

REGISTERED NUMBER:

03378682 (England and Wales)

ACCOUNTANTS:

Xeinadin South East Ltd

Create Business Hub

Ground Floor

5 Rayleigh Road

Hutton, Brentwood.

Essex

CM13 1AB

FIXED ASSETS

Tangible assets

4

27,643

35,100

CURRENT ASSETS

Stocks

5

61,611

56,945

Debtors

6

10,622

5,599

Cash at bank and in hand

49,325

26,133

121,558

88,677

CREDITORS

Amounts falling due within one year

7

13,178

10,099

NET CURRENT ASSETS

108,380

78,578

TOTAL ASSETS LESS CURRENT LIABILITIES

136,023

113,678

CREDITORS

Amounts falling due after more than one year

8

1,031,425

1,038,688

NET LIABILITIES

(895,402

)

(925,010

)

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Retained earnings

(905,402

)

(935,010

)

SHAREHOLDERS' FUNDS

(895,402

)

(925,010

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 23 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 23 December 2024 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.

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 director and authorised for issue on 5 December 2025 and were signed by:

M T Hunnable - Director

1.	STATUTORY INFORMATION

The Hepworth Hall Farming Company 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.

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 represents net invoiced sales of goods and services excluding value added tax.

Tangible fixed assets

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

Improvements to leasehold property - 15% on reducing balance

Plant and machinery - 15% on reducing balance

Fixtures and fittings - 15% on reducing balance

Motor vehicles - 25% on reducing balance

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 is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the period 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 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 period 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Going concern

The financial statements have been prepared on a going concern basis as the director is of the opinion that the company remains a going concern.

The company is expected to continue to require support from its holding company, bank and creditors during the next year as efforts are made to further increase the income from the farm's assets. The director considers that the company can in future be placed on a profitable footing and to this end has planned for a number of projects that he expects will provide new sources of income, some in the forthcoming financial year.

No formal going concern assessments has been made for the next 12 months due to the continuing uncertainties that are present in the farming industry but with the current demand and food-price inflation, the expectations are that there will be increasing returns from the company's activities.

The director is not aware of any current material uncertainties that will affect the company's financial position.

Government grants

Government grants are credited to income on a receivable basis.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

and 23 December 2024

18,153

183,233

2,658

DEPRECIATION

At 1 January 2024

18,153

153,598

2,658

Charge for period

-

6,133

-

At 23 December 2024

18,153

159,731

2,658

NET BOOK VALUE

At 23 December 2024

-

23,502

-

At 31 December 2023

-

29,635

-

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

and 23 December 2024

7,200

798

212,042

DEPRECIATION

At 1 January 2024

1,932

601

176,942

Charge for period

1,317

7

7,457

At 23 December 2024

3,249

608

184,399

NET BOOK VALUE

At 23 December 2024

3,951

190

27,643

At 31 December 2023

5,268

197

35,100

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 January 2024

and 23 December 2024

7,200

DEPRECIATION

At 1 January 2024

1,932

Charge for period

1,317

At 23 December 2024

3,249

NET BOOK VALUE

At 23 December 2024

3,951

At 31 December 2023

5,268

5.

STOCKS

2024

2023

£

£

Raw materials

13,903

12,850

Work-in-progress

42,434

39,220

Finished goods

5,274

4,875

61,611

56,945

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

VAT

10,622

5,599

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

2,827

2,335

Trade creditors

-

115

Social security and other taxes

762

113

Other creditors

7,139

5,086

Accruals and deferred income

2,450

2,450

13,178

10,099

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans more 5 yr by instal

294,071

303,280

Hire purchase contracts

3,614

1,668

Amounts owed to group undertakings

733,740

733,740

1,031,425

1,038,688

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

294,071

303,280

9.	RELATED PARTY DISCLOSURES

The director had an interest in Hummable Holdings Limited, the holding company which has loaned to this company £733,740 (2023: £733,740).

10.	ULTIMATE CONTROLLING PARTY

The director regards Hunnable Holdings Limited, incorporated in England, as being the ultimate holding company.