Registration number: 08915041

Barnburgh Farming Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 7

Barnburgh Farming Limited

(Registration number: 08915041)

Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	3,576,585	3,128,504
Current assets
Stocks		1,736,683	964,671
Debtors	5	819,595	1,257,730
		2,556,278	2,222,401
Creditors: Amounts falling due within one year	6	(2,502,043)	(2,012,577)
Net current assets		54,235	209,824
Total assets less current liabilities		3,630,820	3,338,328
Creditors: Amounts falling due after more than one year	6	(2,588,654)	(2,539,196)
Provisions for liabilities		(347,145)	(285,520)
Net assets		695,021	513,612
Capital and reserves
Called up share capital		100	100
Retained earnings		694,921	513,512
Shareholders' funds		695,021	513,612

Barnburgh Farming Limited

(Registration number: 08915041)

Balance Sheet as at 31 March 2025 (continued)

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised by the director on 23 December 2025
 

......................................... Mr Richard Smith Director

Barnburgh Farming Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	Accounting policies

Statutory information

Barnburgh Farming Limited is a private company, limited by shares, domiciled in England and Wales, company number 08915041. The registered office is at Barnburgh Grange, Melton Mill Lane, High Melton, Doncaster, DN5 7TG.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

These financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Barnburgh Farming Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

1	Accounting policies (continued)

Deferred tax shall be recognised in respect of all timing differences at the reporting date, except as otherwise required by FRS102. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that 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 income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Unrelieved tax losses and other deferred tax assets shall be 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost or valuation, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold land and buildings	Not depreciated
Plant and machinery	20% reducing balance
Potato handling facility	10% straight line
Irrigation system	20% reducing balance

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% Straight line

Stocks

Stocks are professionally valued by independent valuers.

Barnburgh Farming Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

1	Accounting policies (continued)

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 7 (2024 - 7).

3	Intangible assets

	Goodwill  £	Total £
Cost
At 1 April 2024	500,000	500,000
At 31 March 2025	500,000	500,000
Amortisation
At 1 April 2024	500,000	500,000
At 31 March 2025	500,000	500,000
Carrying amount
At 31 March 2025	-	-

Barnburgh Farming Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4	Tangible assets

	Freehold land and buildings £	Potato handling facility £	Plant and machinery £	Irrigation system £	Total £
Cost or valuation
At 1 April 2024	1,529,171	685,773	2,431,919	551,028	5,197,891
Additions	-	-	997,602	-	997,602
Disposals	-	-	(113,457)	-	(113,457)
At 31 March 2025	1,529,171	685,773	3,316,064	551,028	6,082,036
Depreciation
At 1 April 2024	-	685,773	941,623	441,991	2,069,387
Charge for the year	-	-	437,590	21,807	459,397
Eliminated on disposal	-	-	(23,333)	-	(23,333)
At 31 March 2025	-	685,773	1,355,880	463,798	2,505,451
Carrying amount
At 31 March 2025	1,529,171	-	1,960,184	87,230	3,576,585
At 31 March 2024	1,529,171	-	1,490,296	109,037	3,128,504

 

5

Debtors

	2025 £	2024 £
Trade debtors	103,433	665,889
Other debtors	716,162	574,017
Income tax asset	-	17,824
	819,595	1,257,730

Barnburgh Farming Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

6

Creditors

Creditors: amounts falling due within one year

	2025  £	2024  £
Due within one year
Bank borrowings	738,346	688,651
HP and finance lease liabilities	465,616	258,551
Trade creditors	881,261	716,510
Social security and other taxes	190,490	210,248
Outstanding defined contribution pension costs	503	805
Other payables	202,149	88,000
Accrued expenses	23,678	49,812
	2,502,043	2,012,577
Due after one year
Bank borrowings	1,875,732	1,982,298
HP and finance lease liabilities	712,922	556,898
	2,588,654	2,539,196

Creditors: amounts falling due after more than one year

	2025 £	2024 £
Due after more than five years
After more than five years not by instalments	1,501,001	1,429,255

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