REGISTERED NUMBER: 01241155 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Hoon Hay Farm Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T C Hollis

L C Caborn

REGISTERED OFFICE:

Hoon Hay Manor

Hatton

Derbyshire

DE65 5EA

REGISTERED NUMBER:

01241155 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

17,210

16,871

Investment property

5

700,000

680,000

717,210

696,871

CURRENT ASSETS

Stocks

6

95,354

94,503

Debtors

7

10,319

7,731

Cash at bank

3,582

19,583

109,255

121,817

CREDITORS

Amounts falling due within one year

8

39,885

19,700

NET CURRENT ASSETS

69,370

102,117

TOTAL ASSETS LESS CURRENT LIABILITIES

786,580

798,988

PROVISIONS FOR LIABILITIES

5,000

-

NET ASSETS

781,580

798,988

CAPITAL AND RESERVES

Called up share capital

11,000

11,000

Fair value reserve

9

15,000

-

Retained earnings

755,580

787,988

SHAREHOLDERS' FUNDS

781,580

798,988

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2025 and were signed on its behalf by:

T C Hollis - Director

1.	STATUTORY INFORMATION

Hoon Hay Farm 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.	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 as modified by the revaluation of certain assets.

Turnover

Turnover represents gross property rentals receivable and net invoiced sales excluding value added tax. Turnover is accounted for in the period in which the services are provided and when the company has transferred the significant risks and rewards of ownership to the buyer and is probable that the agreed upon payment will be received.

Tangible fixed assets

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

Freehold land

-

not provided

Farm building

-

2% on cost

Implements and equipment

-

15% on reducing balance

Shed and office equipment

-

15% on reducing balance

Motor vehicle

-

15% on reducing balance

Investment property

Investment property is not depreciated but is revalued annually at its fair value in accordance with Section 1A "Small Entities" of Financial Reporting Standard 102. Any aggregate surplus or deficit arising from changes in fair value are taken to the profit and loss account and transferred to a fair value reserve.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Implements

Freehold

Farm

and

land

building

equipment

£

£

£

COST OR VALUATION

At 1 January 2024

9,000

9,131

125,543

Additions

-

-

996

At 31 December 2024

9,000

9,131

126,539

DEPRECIATION

At 1 January 2024

-

3,842

124,124

Charge for year

-

183

300

At 31 December 2024

-

4,025

124,424

NET BOOK VALUE

At 31 December 2024

9,000

5,106

2,115

At 31 December 2023

9,000

5,289

1,419

Shed and

office

Motor

equipment

vehicle

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

16,051

14,800

174,525

Additions

-

-

996

At 31 December 2024

16,051

14,800

175,521

DEPRECIATION

At 1 January 2024

15,108

14,580

157,654

Charge for year

141

33

657

At 31 December 2024

15,249

14,613

158,311

NET BOOK VALUE

At 31 December 2024

802

187

17,210

At 31 December 2023

943

220

16,871

Cost or valuation at 31 December 2024 is represented by:

Implements

Freehold

Farm

and

land

building

equipment

£

£

£

Valuation in 2024

9,000

-

-

Cost

-

9,131

126,539

9,000

9,131

126,539

Shed and

office

Motor

equipment

vehicle

Totals

£

£

£

Valuation in 2024

-

-

9,000

Cost

16,051

14,800

166,521

16,051

14,800

175,521

The land was professionally valued in 1988. No details are available as to the historical cost.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

680,000

Revaluations

20,000

At 31 December 2024

700,000

NET BOOK VALUE

At 31 December 2024

700,000

At 31 December 2023

680,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

700,000

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

680,000

680,000

Aggregate depreciation

(68,000

)

(54,400

)

Investment property was valued on an open market basis on 31 December 2024 by the directors .

6.

STOCKS

2024

2023

£

£

Work-in-progress

95,354

94,503

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

4,110

1,526

Other debtors

893

1,051

Tax

3,570

3,660

Prepayments

1,746

1,494

10,319

7,731

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

5,732

1,169

Social security and other taxes

488

76

Other creditors

4,576

1,184

Director's current account

25,472

13,839

Accruals & deferred income

3,617

3,432

39,885

19,700

9.

RESERVES

Fair

value

reserve

£

Revaluation adjustment

20,000

Revaluation adjustment - tax

(5,000

)

At 31 December 2024

15,000