| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Hollands Farms Dorchester Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 March 2025 |
| for |
| Hollands Farms Dorchester Limited |
| Hollands Farms Dorchester Limited (Registered number: 06189957) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| Hollands Farms Dorchester Limited (Registered number: 06189957) |
| Balance Sheet |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| Investments | 6 |
| Herd | 7 | - | 218,080 |
| CURRENT ASSETS |
| Stocks | 8 |
| Debtors | 9 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 10 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
11 |
| NET ASSETS/(LIABILITIES) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| Hollands Farms Dorchester Limited (Registered number: 06189957) |
| Balance Sheet - continued |
| 31 March 2025 |
| 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 were approved by the director and authorised for issue on |
| Hollands Farms Dorchester Limited (Registered number: 06189957) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Hollands Farms Dorchester Limited is a |
| Registered number: |
| Registered office: |
| 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. |
| 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 | - |
| Tenants improvements | - |
| Plant and machinery | - |
| Motor vehicles | - |
| Tractors | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Biological non current assets |
| Biological non current assets are valued at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Dairy cows - 20% straight line |
| Hollands Farms Dorchester Limited (Registered number: 06189957) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| Classification |
| The company holds the following financial instruments: |
| Short term debtors and creditors; |
| Cash and bank balances; and |
| Investments. |
| All financial instruments are classified as basic. |
| Recognition and measurement |
| The company has elected to apply the provisions FRS102 to all of its financial instruments. |
| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled. |
| Such instruments are initially measured at transaction price, including transition costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments unless otherwise stated. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 |
| 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. |
| Hollands Farms Dorchester Limited (Registered number: 06189957) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Fixed asset investments |
| Unlisted Investments are valued at cost less impairment. Listed Investments are valued at fair value. |
| Going concern |
| The company is dependent on the continued financial support of the director and its bankers through the use of an overdraft facility and loan account. On the basis that this support will continue, the accounts have been prepared on a going concern basis. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| BPS |
| Entitlements |
| £ |
| COST |
| At 1 April 2024 |
| Disposals | ( |
) |
| At 31 March 2025 |
| AMORTISATION |
| At 1 April 2024 |
| Amortisation for year |
| Eliminated on disposal | ( |
) |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| As at 31 March 2024, the Company held Basic Payment Scheme (BPS) entitlements which were recognised as an intangible asset on the balance sheet. |
| During the financial year ended 31 March 2025, it was determined that the BPS entitlements no longer held any economic value due to the cessation of the Basic Payment Scheme. As a result, the entitlements were assessed to have a fair value of zero. In accordance with FRS 102, the Company has derecognised the BPS entitlements from its balance sheet. The carrying amount of the entitlements as at 10 May 2024 was £nil. Therefore, there is no loss to be recognised in profit and loss account for the year ended 31 March 2025. |
| Hollands Farms Dorchester Limited (Registered number: 06189957) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 5. | TANGIBLE FIXED ASSETS |
| Freehold | Tenants | Plant and |
| property | improvements | machinery |
| £ | £ | £ |
| COST |
| 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 |
| Motor |
| vehicles | Tractors | Totals |
| £ | £ | £ |
| COST |
| 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 |
| Hollands Farms Dorchester Limited (Registered number: 06189957) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 6. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST OR VALUATION |
| At 1 April 2024 |
| Revaluations |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| Cost or valuation at 31 March 2025 is represented by: |
| Other |
| investments |
| £ |
| Valuation in 2025 | 60,599 |
| Cost | 97,985 |
| 158,584 |
| 7. | HERD |
| Dairy |
| herd |
| £ |
| COST |
| At 1 April 2024 | 227,104 |
| Disposals | (227,104 | ) |
| At 31 March 2025 | - |
| DEPRECIATION |
| At 1 April 2024 | 9,024 |
| Eliminated on disposal | (9,024 | ) |
| At 31 March 2025 | - |
| NET BOOK VALUE |
| At 31 March 2025 | - |
| At 31 March 2024 | 218,080 |
| 8. | STOCKS |
| 2025 | 2024 |
| £ | £ |
| Stocks |
| Hollands Farms Dorchester Limited (Registered number: 06189957) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 9. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| VAT |
| Deferred tax asset | 44,003 | 54,318 |
| Prepayments and accrued income |
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Social security and other taxes |
| VAT | 20 | - |
| Other creditors |
| Director's loan account | 26,088 | 27,994 |
| Accrued expenses |
| 11. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans 2 - 5 years |
| Bank loans more than 5 years |
| Hire purchase contracts |
| Amounts owed to group undertakings |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more than 5 years | 392,084 | 451,564 |
| Hollands Farms Dorchester Limited (Registered number: 06189957) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 12. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank overdrafts |
| Bank loans |
| Hire purchase contracts | 98,084 | 30,743 |
| The bank loans and overdraft are guaranteed by the director personally up to £1,700,000 plus interest and costs. |
| The hire purchase contacts are secured on the assets concerned. |
| 13. | RELATED PARTY DISCLOSURES |
| Hollands Farms Dorchester Limited is a 100% subsidiary of Holland Farms D Limited. The amount owing to Hollands Farms D Limited at the balance sheet date is £307,807 (2023: £307,807) and is included within amounts owed to group undertakings. |