REGISTERED NUMBER: SC505697 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

HEWITT FARMING LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

Mr B Hewitt

Mrs M Hewitt

Mr C Hewitt

SECRETARY:

Mrs M Hewitt

REGISTERED OFFICE:

Medwyn Park

Edinburgh Road

Carnwath

ML118HS

REGISTERED NUMBER:

SC505697 (Scotland)

ACCOUNTANTS:

Patton Rainey Stenson Limited

Chartered Accountants

6 East Bridge Street

Enniskillen

Co. Fermanagh

BT74 7BT

FIXED ASSETS

Tangible assets

4

4,162,893

3,831,000

CURRENT ASSETS

Stocks

1,083,090

987,825

Debtors

5

482,421

509,548

Cash at bank

1,612,275

2,023,501

3,177,786

3,520,874

CREDITORS

Amounts falling due within one year

6

2,021,171

3,793,423

NET CURRENT ASSETS/(LIABILITIES)

1,156,615

(272,549

)

TOTAL ASSETS LESS CURRENT LIABILITIES

5,319,508

3,558,451

CREDITORS

Amounts falling due after more than one year

7

-

(127,556

)

PROVISIONS FOR LIABILITIES

9

(675,230

)

(599,717

)

NET ASSETS

4,644,278

2,831,178

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

4,644,178

2,831,078

SHAREHOLDERS' FUNDS

4,644,278

2,831,178

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.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2025 and were signed on its behalf by:

Mr B Hewitt - Director

1.	STATUTORY INFORMATION

Hewitt Farming Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

Plant and

and

property

machinery

fittings

Totals

£

£

£

£

COST

At 1 April 2024

1,818,551

3,933,771

1,068

5,753,390

Additions

-

897,814

-

897,814

Disposals

-

(197,000

)

-

(197,000

)

At 31 March 2025

1,818,551

4,634,585

1,068

6,454,204

DEPRECIATION

At 1 April 2024

124,749

1,797,229

412

1,922,390

Charge for year

36,371

442,042

98

478,511

Eliminated on disposal

-

(109,590

)

-

(109,590

)

At 31 March 2025

161,120

2,129,681

510

2,291,311

NET BOOK VALUE

At 31 March 2025

1,657,431

2,504,904

558

4,162,893

At 31 March 2024

1,693,802

2,136,542

656

3,831,000

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

Plant and

machinery

£

COST

At 1 April 2024

and 31 March 2025

446,000

DEPRECIATION

At 1 April 2024

66,900

Charge for year

56,865

At 31 March 2025

123,765

NET BOOK VALUE

At 31 March 2025

322,235

At 31 March 2024

379,100

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

332,764

424,147

VAT

35,016

65,574

Prepayments and accrued income

114,641

19,827

482,421

509,548

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

95,442

63,778

Trade creditors

428,581

228,422

Tax

32,437

316,784

Social security and other taxes

6,621

3,472

Amount owed to related party

1,437,701

3,160,967

Directors' current accounts

16,495

16,495

Accrued expenses

3,894

3,505

2,021,171

3,793,423

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Hire purchase contracts

-

127,556

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Hire purchase contracts

95,442

191,334

The obligations under hire purchase contracts are secured by the assets to which they relate.

9.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

675,230

599,717

Deferred

tax

£

Balance at 1 April 2024

599,717

Provided during year

75,513

Balance at 31 March 2025

675,230

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary Shares

£1

100

100

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Patton Rainey Stenson Limited

Chartered Accountants

6 East Bridge Street

Enniskillen

Co. Fermanagh

BT74 7BT

23 June 2025