REGISTERED NUMBER: 01059626 (England and Wales)

SCAMPSTON FARMING COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Abridged Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

Sir C J C Legard

Mr B F J Legard

SECRETARY:

Lady M M Legard

REGISTERED OFFICE:

The Estate Office

Scampston Hall

Malton

North Yorkshire

YO17 8NG

REGISTERED NUMBER:

01059626 (England and Wales)

ACCOUNTANTS:

UHY Calvert Smith

Chartered Accountants

Heritage House

Murton Way

Osbaldwick

York

North Yorkshire

YO19 5UW

BANKERS:

Virgin Money

46 Coney Street

York

YO1 9NQ

SOLICITORS:

Wrigleys Solicitors

3rd Floor, 3 Wellington Place

Leeds

West Yorkshire

LS1 4AP

FIXED ASSETS

Tangible assets

4

4,041,970

3,098,658

Investments

5

13,003

12,682

4,054,973

3,111,340

CURRENT ASSETS

Stocks

555,091

597,138

Debtors

302,378

337,460

Cash at bank and in hand

395,500

542,342

1,252,969

1,476,940

CREDITORS

Amounts falling due within one year

637,366

702,540

NET CURRENT ASSETS

615,603

774,400

TOTAL ASSETS LESS CURRENT LIABILITIES

4,670,576

3,885,740

CREDITORS

Amounts falling due after more than one year

6

(1,290,723

)

(863,114

)

PROVISIONS FOR LIABILITIES

(243,732

)

(211,945

)

NET ASSETS

3,136,121

2,810,681

CAPITAL AND RESERVES

Called up share capital

15,988

15,988

Share premium

199,012

199,012

Retained earnings

2,921,121

2,595,681

SHAREHOLDERS' FUNDS

3,136,121

2,810,681

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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings 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:

Sir C J C Legard - Director

1.	STATUTORY INFORMATION

Scampston 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.

The company's place of business is Scampston Estate Office, Scampston Hall, Malton, North Yorkshire YO17 8NG.

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 amounts receivable from farming activities and the sale of lodges net of VAT and trade discounts.

Income from rents and wayleaves are recognised in the accounts when invoiced. No adjustment is made for amounts relating to periods which extend beyond the balance sheet date on the grounds of immateriality.

Single Farm Payment

Amounts received under the Single Farm Payment scheme are recognised as income in the accounts that relate to the scheme year of the subsidy.

Scampston Park Lodges

Income from the sale of the lodges is recognised at the point that a lodge becomes available for use, being the point at which the sale proceeds fall due under the sale agreement. Amounts received as deposits are included within creditors.

Annual maintenance fees are receivable annually in advance on 1 January each year. Any amounts received for periods extending beyond the balance sheet date are treated as deferred income and are included within creditors.

Tangible fixed assets

Depreciation is provided at the rates calculated to write off the cost less estimated residual value of each asset over its expected useful life.

Freehold property - 2% straight line

Assets under construction - not provided

Long leasehold - 2% straight line

Improvements to property - 5% reducing balance

Plant and machinery - between 10% to 33% reducing balance

Motor vehicles - 25% reducing balance

Land which generally has an unlimited useful life is not depreciated.

Stocks

Lodges, crops in store, growing crops and consumables 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 Statement of Income and Retained Earnings, 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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Forward contracts taken out on Euros are translated at the relevant rates of exchange. Exchange differences are taken into account in arriving at the operating result.

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.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

Grants received

Grants relating to overhead expenses are recognised in the profit and loss account so as to match the expenditure towards which they are intended to contribute.

Foreign exchange forward contracts

Foreign exchange forward contracts are recognised at fair value at the end of the year with changes in fair value recognised in profit or loss.

The foreign currency forward contracts are not traded in active markets. These have been fair valued using observable forward exchange rates corresponding to the maturity of the contract.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

4,085,685

Additions

1,076,917

At 31 March 2025

5,162,602

DEPRECIATION

At 1 April 2024

987,027

Charge for year

133,605

At 31 March 2025

1,120,632

NET BOOK VALUE

At 31 March 2025

4,041,970

At 31 March 2024

3,098,658

5.	FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:

Totals

£

COST

At 1 April 2024

12,682

Interest, bonus

321

At 31 March 2025

13,003

NET BOOK VALUE

At 31 March 2025

13,003

At 31 March 2024

12,682

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bank loans in more than 5 years

809,672

470,094

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

51,719

70,616

Bank loans

1,382,436

1,051,311

Hire purchase contracts

13,306

9,467

1,447,461

1,131,394

The loan debt, bank overdraft and HP contracts are secured by fixed and floating charges over the company's land and property.

8.	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

£

£

Sir C T Legard, Bt.

Balance outstanding at start of year

-

85,387

Amounts advanced

-

945

Amounts repaid

-

(86,332

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

Interest is charged on the above loan at 2% and the loan is repayable on demand.