REGISTERED NUMBER: 02835589 (England and Wales)

BAXTON GRANGE FARMS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

S C Wilson

R N Wilson

S M Wilson

H J Wilson

J W Wilson

F A Wilson

REGISTERED OFFICE:

Court House Farm

Sproxton

Helmsley

North Yorkshire

YO62 5EJ

REGISTERED NUMBER:

02835589 (England and Wales)

ACCOUNTANTS:

UHY Calvert Smith

Chartered Accountants

Heritage House

Murton Way

Osbaldwick

York

North Yorkshire

YO19 5UW

FIXED ASSETS

Tangible assets

4

305,928

366,328

CURRENT ASSETS

Stocks

57,767

45,088

Debtors

5

822,254

601,653

Cash at bank

72,723

188,320

952,744

835,061

CREDITORS

Amounts falling due within one year

6

245,436

240,681

NET CURRENT ASSETS

707,308

594,380

TOTAL ASSETS LESS CURRENT LIABILITIES

1,013,236

960,708

CREDITORS

Amounts falling due after more than one year

7

(20,810

)

(20,810

)

PROVISIONS FOR LIABILITIES

(72,797

)

(86,500

)

NET ASSETS

919,629

853,398

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

919,529

853,298

919,629

853,398

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 12 December 2025 and were signed on its behalf by:

R N Wilson - Director

S C Wilson - Director

1.	STATUTORY INFORMATION

Baxton Grange 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.

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.

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

-

10% straight line

Plant and machinery etc

-

15% on reducing balance and 10% straight line

Government grants

Farming subsidies received from the Rural Payments Agency are recognised in the accounting period that relates to the scheme year of the subsidy.

Stocks

Stocks are valued at the lower of cost and net realisable value.

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 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.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 April 2024

and 31 March 2025

233,802

1,131,441

1,365,243

DEPRECIATION

At 1 April 2024

213,587

785,328

998,915

Charge for year

5,476

54,924

60,400

At 31 March 2025

219,063

840,252

1,059,315

NET BOOK VALUE

At 31 March 2025

14,739

291,189

305,928

At 31 March 2024

20,215

346,113

366,328

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Trade debtors

292,713

515,134

Other debtors

529,541

86,519

822,254

601,653

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as restated

£

£

Hire purchase contracts (see note 8)

20,849

20,849

Trade creditors

191,001

216,374

Taxation and social security

29,776

1,149

Other creditors

3,810

2,309

245,436

240,681

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as restated

£

£

Hire purchase contracts (see note 8)

20,810

20,810

8.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

as restated

£

£

Net obligations repayable:

Within one year

20,849

20,849

Between one and five years

20,810

20,810

41,659

41,659

Non-cancellable

operating leases

2025

2024

as restated

£

£

Within one year

29,400

29,400

Between one and five years

58,800

88,200

88,200

117,600

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

as restated

£

£

Hire purchase contracts

41,659

41,659

Finance lease and hire purchase agreements are secured against the assets to which they relate.

10.	RELATED PARTY DISCLOSURES