| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| LOOSE HALL FARM LIMITED |
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 March 2025 |
| for |
| LOOSE HALL FARM LIMITED |
| LOOSE HALL FARM LIMITED (Registered number: 00517321) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| LOOSE HALL FARM LIMITED |
| Company Information |
| for the Year Ended 31 March 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| 5 Church Street |
| Framlingham |
| Woodbridge |
| Suffolk |
| IP13 9BQ |
| LOOSE HALL FARM LIMITED (Registered number: 00517321) |
| Balance Sheet |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| Investment property | 7 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
10 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 12 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Land revaluation reserve | 13 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| LOOSE HALL FARM LIMITED (Registered number: 00517321) |
| Balance Sheet - continued |
| 31 March 2025 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| LOOSE HALL FARM LIMITED (Registered number: 00517321) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| LOOSE HALL FARM LIMITED is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Goodwill |
| 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. |
| Tangible fixed assets |
| Freehold property | - |
| Improvements to property | - |
| Plant and machinery | - |
| The directors consider that freehold properties are maintained in such a state of repair that their residual value is at least equal to their net book value. As a result, the corresponding depreciation would not be material and therefore is not charged in the profit and loss account. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Stocks have been professionally valued in accordance with professional standards in line with HMRC business manuals BIM55400 (previously BEN 19). |
| LOOSE HALL FARM LIMITED (Registered number: 00517321) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| 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 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. |
| 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. |
| Fixed asset investments |
| Fixed Asset Investments are recorded at market value. Any gains or losses arising on revaluation are recognized in the profit and loss account.. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| LOOSE HALL FARM LIMITED (Registered number: 00517321) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 4. | INTANGIBLE FIXED ASSETS |
| SPS/SFP |
| Entitlements |
| £ |
| COST |
| At 1 April 2024 |
| Disposals | ( |
) |
| At 31 March 2025 |
| AMORTISATION |
| At 1 April 2024 |
| Eliminated on disposal | ( |
) |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 5. | TANGIBLE FIXED ASSETS |
| Improvements |
| Freehold | to | Plant and |
| property | property | machinery | Totals |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2024 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| LOOSE HALL FARM LIMITED (Registered number: 00517321) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 5. | TANGIBLE FIXED ASSETS - continued |
| Cost or valuation at 31 March 2025 is represented by: |
| Improvements |
| Freehold | to | Plant and |
| property | property | machinery | Totals |
| £ | £ | £ | £ |
| Valuation in 1987 | 701,990 | - | - | 701,990 |
| Valuation in 2009 | - | (35,340 | ) | - | (35,340 | ) |
| Cost | 6,461,867 | 700,528 | 2,660,693 | 9,823,088 |
| 7,163,857 | 665,188 | 2,660,693 | 10,489,738 |
| If freehold property had not been revalued it would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 6,461,867 | 6,289,830 |
| Aggregate depreciation | 3,888 | 3,888 |
| Freehold property was valued on an open market basis on 31 March 1987 by the directors . |
| 6. | FIXED ASSET INVESTMENTS |
| Listed | Unlisted |
| investments | investments | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 April 2024 | 2,220,666 |
| Additions | 78,543 |
| Disposals | ( |
) | (87,010 | ) |
| Revaluations | 36,277 |
| At 31 March 2025 | 2,248,476 |
| NET BOOK VALUE |
| At 31 March 2025 | 2,248,476 |
| At 31 March 2024 | 2,220,666 |
| Cost or valuation at 31 March 2025 is represented by: |
| Listed | Unlisted |
| investments | investments | Totals |
| £ | £ | £ |
| Valuation in 2025 | 873,793 | - | 873,793 |
| Cost | 1,374,667 | 16 | 1,374,683 |
| 2,248,460 | 16 | 2,248,476 |
| LOOSE HALL FARM LIMITED (Registered number: 00517321) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 6. | FIXED ASSET INVESTMENTS - continued |
| If fixed asset investments had not been revalued they would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 1,374,683 | 1,378,617 |
| Fixed asset investments were valued on an open market basis on 31 March 2025 by Interactive Investor Services Limited . |
| 7. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2024 |
| and 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| Fair value at 31 March 2025 is represented by: |
| £ |
| Valuation in 2025 | 2,239,000 |
| Cost | 576,123 |
| 2,815,123 |
| If investment property had not been revalued it would have been included at the following historical cost: |
| 2025 | 2024 |
| £ | £ |
| Cost | 576,123 | 576,123 |
| Investment property was valued on an open market basis on 31 March 2025 by the Directors . |
| For the year ended 31 March 2025, the Directors reviewed the valuation of the investment properties on an open market basis and were of the opinion that no further revaluation adjustment was required. |
| LOOSE HALL FARM LIMITED (Registered number: 00517321) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Tax |
| VAT |
| Prepayments |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Other loans (see note 11) |
| Hire purchase contracts |
| Trade creditors |
| Tax |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts | 59,894 | 5,149 |
| Accrued expenses |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Hire purchase contracts |
| 11. | LOANS |
| During the year the Company borrowed funds from Newton Barn Farm Limited - a company associated with a director. The loan was made on an interest only basis, on normal commercial terms whereby interest is charged at a rate of 5%. The loan was still outstanding at the year end. |
| 12. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 887,505 | 708,231 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2024 |
| Charge to Income Statement during year |
| Balance at 31 March 2025 |
| LOOSE HALL FARM LIMITED (Registered number: 00517321) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 13. | RESERVES |
| Land |
| revaluation |
| reserve |
| £ |
| At 1 April 2024 |
| and 31 March 2025 |
| Retained earnings |
Distributable | Non - Distributable | Total |
| £ | £ | £ |
| Retained earnings at 1 April 2024 | 9,879,322 | 2,564,289 | 12,443,611 |
| Profit/(Loss) for the year | 118,358 | (84,063 | ) | 34,295 |
| Retained earnings at 31 March 2025 | 9,997,680 | 2,480,226 | 12,477,906 |