Company No: 04975835 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	3,625,407		1,657,754
Biological assets	4	492,500		494,200
Investment property	5	880,566		1,764,401
		4,998,473		3,916,355
Current assets
Stocks	6, 7	247,235		216,586
Debtors	8	217,257		2,046,436
		464,492		2,263,022
Creditors: amounts falling due within one year	9	( 564,982)		( 534,270)
Net current (liabilities)/assets		(100,490)		1,728,752
Total assets less current liabilities		4,897,983		5,645,107
Creditors: amounts falling due after more than one year	10	( 547,869)		( 1,428,866)
Provision for liabilities		( 173,322)		( 106,418)
Net assets		4,176,792		4,109,823
Capital and reserves
Called-up share capital	11	200		200
Share premium account		3,744,912		3,744,912
Fair value reserve		( 73,933 )		( 73,933 )
Profit and loss account		505,613		438,644
Total shareholders' funds		4,176,792		4,109,823

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of H B Green & Son Limited (registered number: 04975835) were approved and authorised for issue by the Board of Directors on 20 November 2025. They were signed on its behalf by:

A Green Director		P H Green Director
R Green Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

H B Green & Son Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Goodwood House, Blackbrook Park Avenue, Taunton, TA1 2PX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for milk and livestock and rent receivable, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	1 % reducing balance
	not depreciated
Plant and machinery	15 % reducing balance
Vehicles	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Biological assets

Biological current assets not held for continuing use within the business are classified as current assets, within stock. Such assets are measured at cost less accumulated impairment. Assets within this classification are comprised of tillages and dairy followers which are held as crops and livestock under note 7 of the accounts.

Biological non-current assets

Biological assets held for continuing use within the business are classified as fixed assets. Such assets are measured at cost less accumulated impairment. Assets within this classification comprise a dairy herd.

Leases

The Company as lessee
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Stocks

Stock comprising agricultural produce (i.e. silage/straw in store) and deadstock such as feed, fertiliser and sprays are stated at the lower of cost and estimated selling price less costs to complete and sell. Also, included in livestock and crops are current biological assets consisting of dairy followers.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Profit and Loss Account. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at X. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Government grants

Income from government grants is recognised within turnover when the conditions for receipt have been complied with and there is reasonable assurance that the grant will be received. Recognition will be on a systematic basis over the period in which the entity recognises the related costs for which the grant is intended to compensate.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Total
	£		£		£		£
Cost
At 01 April 2024	817,296		783,541		399,142		1,999,979
Additions	703,135		144,976		109,434		957,545
Disposals	0		( 100,947)		( 1,833)		( 102,780)
Transfers	1,274,401		0		0		1,274,401
At 31 March 2025	2,794,832		827,570		506,743		4,129,145
Accumulated depreciation
At 01 April 2024	5,000		294,410		42,815		342,225
Charge for the financial year	5,950		86,993		88,719		181,662
Disposals	0		( 19,767)		( 382)		( 20,149)
At 31 March 2025	10,950		361,636		131,152		503,738
Net book value
At 31 March 2025	2,783,882		465,934		375,591		3,625,407
At 31 March 2024	812,296		489,131		356,327		1,657,754
Leased assets included above:
Net book value
At 31 March 2025	0		140,895		237,193		378,088
At 31 March 2024	0		126,055		170,345		296,400

4. Biological assets

	2025
	£
Biological assets at cost	492,500

Assets held at cost:

	Dairy		Total
	£		£
Cost
At 01 April 2024	494,200		494,200
Decrease attributable to sales/ transfers out	( 1,700)		( 1,700)
At 31 March 2025	492,500		492,500
Net book value
At 31 March 2025	492,500		492,500
At 31 March 2024	494,200		494,200

5. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	1,764,401
Additions	390,566
Transfers to and from property, plant and equipment	(1,274,401)
As at 31 March 2025	880,566

6. Stocks

	2025		2024
	£		£
Stocks	123,477		98,176
Livestock	123,758		118,410
	247,235		216,586

7. Current biological assets

Assets held at cost:

	Dairy		Total
	£		£
Cost
At 01 April 2024	118,410		118,410
Increase due to purchases/ transfers in	5,348		5,348
At 31 March 2025	123,758		123,758

8. Debtors

	2025		2024
	£		£
Trade debtors	120,847		105,774
Other debtors	96,410		1,940,662
	217,257		2,046,436

9. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans and overdrafts	96,835		229,329
Trade creditors	145,501		37,914
Taxation and social security	349		42,790
Obligations under finance leases and hire purchase contracts (secured)	75,819		69,783
Other creditors	246,478		154,454
	564,982		534,270

10. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	479,357		1,399,741
Obligations under finance leases and hire purchase contracts (secured)	68,512		29,125
	547,869		1,428,866

The company has provided security on bank borrowings by a fixed charge over its land and buildings.

Hire purchase agreement have security provided by the assets that are subject to the agreement.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans (secured)	453,880		1,368,765

11. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
200 Ordinary shares of £ 1.00 each	200		200

12. Related party transactions

Transactions with the entity's directors

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates. Interest is not charged when the balance is owed to the director.

At 1 April 2024, the balance owed by R Green was £29,558. During the year, £43,296 was advanced to the director, and £29,851 was repaid by the director. At 31 March 2025, the balance owed by the director was £43,003.

At 1 April 2023, the balance owed by R Green was £0. During the year, £81,455 was advanced to the director, and £40,741 was repaid by the director. At 31 March 2024, the balance owed by the director was £29,558.