Christmas Farm Limited

	Page
Balance Sheet	1
Notes to the Financial Statements	2—4

Registered number: 08443678

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		198		264

			198		264
CURRENT ASSETS
Stocks	5	22,050		21,000
Debtors	6	110,184		110,274
Cash at bank and in hand		5,543		38,603

		137,777		169,877
Creditors: Amounts Falling Due Within One Year	7	(101,046 )		(166,333 )

NET CURRENT ASSETS (LIABILITIES)			36,731		3,544

TOTAL ASSETS LESS CURRENT LIABILITIES			36,929		3,808

NET ASSETS			36,929		3,808

CAPITAL AND RESERVES
Called up share capital	8		100		100
Profit and Loss Account			36,829		3,708

SHAREHOLDERS' FUNDS			36,929		3,808

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr D A Hurley Director	Mr M S Hurley Director
23/12/2025

The notes on pages 2 to 4 form part of these financial statements.

1. General Information

Christmas Farm Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08443678 . The registered office is 1349/1353 London Road, Leigh-On-Sea, Essex, SS9 2AB.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles

25% Reducing Balance

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 4 (2024: NIL)

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Christmas Farm Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

4. Tangible Assets

	Motor Vehicles
	£
Cost
As at 1 April 2024	6,240

As at 31 March 2025	6,240

Depreciation
As at 1 April 2024	5,976
Provided during the period	66

As at 31 March 2025	6,042

Net Book Value
As at 31 March 2025	198

As at 1 April 2024	264

5. Stocks

	2025	2024
	£	£
Stock	22,050	21,000

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	1,109	1,199
CTD Limited loan	109,075	109,075

	110,184	110,274

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	34,872	34,872
Corporation tax	10,265	808
CTG Limited loan liability	19,282	94,098
Accruals and deferred income	-	240
Directors' loan accounts	36,627	36,315

	101,046	166,333

8. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

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Christmas Farm Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

9. Related Party Transactions

Christmas Tree Delivery Limited (CTD)

Same shareholders

Interest free loan to CTD of £109,075

Christmas Tree Growers Limited (CTG)

Same shareholders

Interest free loan from CTG of £19,281

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