REGISTERED NUMBER: 09033801 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

E J BOURN (FARMING) LIMITED

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

Director:

Mr E J Bourn

Secretary:

Mr M J Cherry

Registered office:

Farm Office, Barn Farm,

Torrington Lane

Wragby

Market Rasen

Lincolnshire

LN8 5LE

Registered number:

09033801 (England and Wales)

Accountants:

Haines Watts

23 Algitha Road

Skegness

United Kingdom

PE25 2AG

Fixed assets

Tangible assets

4

161,915

157,446

Current assets

Stocks

5

748,059

856,382

Debtors

6

126,664

58,726

Cash at bank

462,331

292,589

1,337,054

1,207,697

Creditors

Amounts falling due within one year

7

334,776

261,440

Net current assets

1,002,278

946,257

Total assets less current liabilities

1,164,193

1,103,703

Creditors

Amounts falling due after more than one year

8

(16,993

)

(15,210

)

Provisions for liabilities

(40,479

)

(22,454

)

Net assets

1,106,721

1,066,039

Capital and reserves

Called up share capital

9

100

100

Retained earnings

10

1,106,621

1,065,939

Shareholders' funds

1,106,721

1,066,039

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.

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 15 December 2025 and were signed by:

Mr E J Bourn - Director

1.	Statutory information

E J Bourn (Farming) 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 presentation currency of the financial statements is the Pound Sterling (£).

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on cost

Motor vehicles

-

25% on reducing balance

Agricultural vehicles

-

10% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Single farm payment

The single farm payment is recognised in the financial statements in accordance with H M Revenue and Customs guidance.

3.	Employees and directors

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

4.	Tangible fixed assets

Plant and

Motor

Agricultural

machinery

vehicles

vehicles

Totals

£

£

£

£

Cost

At 1 April 2024

2,600

41,354

160,273

204,227

Additions

-

-

32,640

32,640

Disposals

-

-

(9,188

)

(9,188

)

At 31 March 2025

2,600

41,354

183,725

227,679

Depreciation

At 1 April 2024

745

689

45,347

46,781

Charge for year

208

8,099

14,474

22,781

Eliminated on disposal

-

-

(3,798

)

(3,798

)

At 31 March 2025

953

8,788

56,023

65,764

Net book value

At 31 March 2025

1,647

32,566

127,702

161,915

At 31 March 2024

1,855

40,665

114,926

157,446

5.

Stocks

2025

2024

£

£

Valuation

748,059

856,382

6.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

77,412

12,521

H R Bourn & Sons (Linwood)

Limited

2,299

26

H C Bourn (Farming) Limited

8,433

-

VAT

38,520

46,179

126,664

58,726

7.

Creditors: amounts falling due within one year

2025

2024

£

£

Trade creditors

23,807

18,528

H R Bourn & Sons

277,647

235,053

H C Bourn (Farming) Limited

-

4,497

Corporation tax

33,322

3,362

334,776

261,440

8.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Directors' loan accounts

16,993

15,210

9.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary shares

£1

100

100

10.

Reserves

Retained

earnings

£

At 1 April 2024

1,065,939

Profit for the year

40,682

At 31 March 2025

1,106,621

11.	Related party disclosures

Mr E J Bourn

Director of the Company.

During the year the company paid a rent for farm land of £75,650 (2024 - £141,799).

The directors' current account is unsecured interest free and repayable on demand, no amounts have been written off during the year.

At the year end the Director was due £16,993 (2024 £15,510)

2025

2024

£

£

Amount due to related party at the balance sheet date

16,663

15,510

H R Bourn and Sons

In which Mr E J Bourn, is a partner.

During the year the company invoiced H R Bourn and Sons for farming operations on an arms' length farm contracting arrangement, for an amount of £736,064 (2024 - £91,877).

During the year H R Bourn and Sons invoiced the company for farming operations on an arms' length farm contracting arrangement, for an amount of £528,778 (2024 - £419,752).

2025

2024

£

£

Amount due to related party at the balance sheet date

277,647

235,053

H R Bourn & Sons (Linwood) Limited

Company owned by the Director's mother.

During the year the company invoiced H R Bourn & Sons (Linwood) Limited for farming operations on an arms' length farm contracting arrangement, for an amount of £7,034, (2024 - £2,739).

During the year H R Bourn & Sons (Linwood) invoiced the company for farming operations on an arms' length farm contracting arrangement, for an amount of £4,761 (2024 - £2,758).

2025

2024

£

£

Amount due from related party at the balance sheet date

2,299

26

H C Bourn & Son (Farming) Limited

Company owned by Director's brother.

During the year the company invoiced H C Bourn & Son (Farming) Limited for farming operations on an arms' length farm contracting arrangement, for an amount of £30,554 (2024 - £1,799).

During the year H C Bourn & Son (Farming) Limited invoiced the company for farming operations on an arms' length farm contracting arrangement, for an amount of £17,624 (2024 - £5,718).

2025

2024

£

£

Amount due from/(to) related party at the balance sheet date

8,433

(4,497

)

12.	Ultimate controlling party

The controlling party is Mr E J Bourn.