REGISTERED NUMBER: 05928658 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

VORTEX HOLSTEINS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

T E King

REGISTERED OFFICE:

Church Farm

Martinstown

Dorchester

Dorset

DT2 9LD

REGISTERED NUMBER:

05928658 (England and Wales)

ACCOUNTANTS:

Evans & Co

Manchester House

High Street

Stalbridge

Sturminster Newton

Dorset

DT10 2LL

FIXED ASSETS

Intangible assets

5

-

-

Tangible assets

6

3,337,410

3,462,212

Biological assets

7

878,680

899,520

4,216,090

4,361,732

CURRENT ASSETS

Stocks

1,149,795

975,720

Debtors

436,832

307,791

1,586,627

1,283,511

CREDITORS

Amounts falling due within one year

2,122,439

1,719,531

NET CURRENT LIABILITIES

(535,812

)

(436,020

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,680,278

3,925,712

CREDITORS

Amounts falling due after more than one year

8

(2,204,828

)

(2,381,048

)

PROVISIONS FOR LIABILITIES

(157,299

)

(166,773

)

NET ASSETS

1,318,151

1,377,891

CAPITAL AND RESERVES

Called up share capital

90

90

Retained earnings

1,318,061

1,377,801

SHAREHOLDERS' FUNDS

1,318,151

1,377,891

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 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2025 and were signed by:

T E King - Director

1.	STATUTORY INFORMATION

Vortex Holsteins 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Intangible assets

Basic payment scheme (BPS) entitlements are initially recognised at cost. Cost for originally granted BPS entitlements is the fair value on transition to FRS 102 and has been recognised through a debit to intangible assets and a credit to deferred income. Both purchased and granted entitlements are subsequently measured at cost less accumulated amortisation and impairment losses. For granted BPS, deferred income is released to the profit and loss at the same rate at which the intangible asset is amortised.

The amortisation method and rate is as follows:

8 years straight line

Tangible assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Improvements to property

-

at varying rates on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

15% on reducing balance

Biological assets held for continuing use within the business are classified as fixed assets. Such assets are measured at cost less accumulated depreciation and impairment.

Assets within the classification comprise a dairy herd.

Depreciation is charged to write off the cost of assets less estimated selling price over their estimated useful economic life.

The depreciation rate used for the dairy herd is 20% straight line.

Stocks

Livestock and living plants are valued by the directors at market value. Such valuations are then discounted in accordance with approved Inland Revenue practice, so as to show values at deemed cost. Other stocks are valued at lower of cost, less estimated selling costs.

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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 26 ) .

5.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

17,400

Disposals

(17,400

)

At 31 March 2025

-

AMORTISATION

At 1 April 2024

17,400

Eliminated on disposal

(17,400

)

At 31 March 2025

-

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

5,458,869

Additions

276,467

Disposals

(321,709

)

At 31 March 2025

5,413,627

DEPRECIATION

At 1 April 2024

1,996,657

Charge for year

217,955

Eliminated on disposal

(138,395

)

At 31 March 2025

2,076,217

NET BOOK VALUE

At 31 March 2025

3,337,410

At 31 March 2024

3,462,212

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

Totals

£

COST

At 1 April 2024

819,353

Additions

225,615

Disposals

(198,840

)

Transfer to ownership

(124,250

)

At 31 March 2025

721,878

DEPRECIATION

At 1 April 2024

230,943

Charge for year

80,367

Eliminated on disposal

(67,420

)

Transfer to ownership

(51,931

)

At 31 March 2025

191,959

NET BOOK VALUE

At 31 March 2025

529,919

At 31 March 2024

588,410

7.	BIOLOGICAL ASSETS

Dairy

herd

£

COST

At 1 April 2024

1,058,400

Additions

366,800

Disposals

(376,600

)

At 31 March 2025

1,048,600

DEPRECIATION

At 1 April 2024

158,880

Charge for year

89,880

Eliminated on disposal

(78,840

)

At 31 March 2025

169,920

NET BOOK VALUE

At 31 March 2025

878,680

At 31 March 2024

899,520

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2025

2024

£

£

Repayable by instalments

Bank loans more 5 yr by instal

1,376,558

1,503,329

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

685,562

685,668

Bank loans

2,196,201

2,286,999

Hire purchase contracts

351,267

373,646

3,233,030

3,346,313

The company has granted Lloyds bank Plc Mortgages and a fixed and floating debenture over all fixed and current assets owned by the company.

In addition, the directors have provided the bank with additional security over freehold land and property owned by them.

10.	RELATED PARTY DISCLOSURES

The company occupies the property known as Church Farm, Martinstown, free of charge from the Directors/shareholders.There is no formal tenancy agreement between the parties.

The company rents a property at open market value from one of the directors/shareholder. There is no formal tenancy agreement between the parties.

The company also rents two residential properties from a close family member at open market value. There is no formal tenancy agreement between the parties.