High House Farm Limited

Contents

Company Information	1
Accountants' Report	2
Balance Sheet	3
Notes to the Unaudited Financial Statements	4 to 9

High House Farm Limited

Company Information

Directors

The Hon J H T Russell Mr H J T Russell Mr J P F Russell

Company secretary

The Hon J H T Russell

Registered office

Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

Accountants

Edwards and Keeping Limited Chartered Accountants Unity Chambers 34 High East Street Dorchester Dorset DT1 1HA

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
High House Farm Limitedfor the Year Ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of High House Farm Limited for the year ended 31 March 2025 as set out on pages 3 to 9 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of High House Farm Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of High House Farm Limited and state those matters that we have agreed to state to the Board of Directors of High House Farm Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than High House Farm Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that High House Farm Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of High House Farm Limited. You consider that High House Farm Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of High House Farm Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

Edwards and Keeping Limited
Chartered Accountants
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA

12 December 2025

High House Farm Limited

(Registration number: 00426430)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	2,063,438	2,160,688
Other financial assets	6	136,576	128,408
		2,200,014	2,289,096
Current assets
Stocks	7	578,136	498,798
Debtors	8	153,116	129,368
Cash at bank and in hand		246,359	39,504
		977,611	667,670
Creditors: Amounts falling due within one year	9	(760,558)	(602,097)
Net current assets		217,053	65,573
Total assets less current liabilities		2,417,067	2,354,669
Creditors: Amounts falling due after more than one year	9	(1,896,803)	(1,969,636)
Net assets		520,264	385,033
Capital and reserves
Called up share capital		1,917	1,917
Share premium reserve		1,685,824	1,685,824
Retained earnings		(1,167,477)	(1,302,708)
Shareholders' funds		520,264	385,033

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.

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

These financial statements 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 12 December 2025 and signed on its behalf by:
 

The Hon J H T Russell
Company secretary and director

High House Farm Limited

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

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unity Chambers
34 High East Street
Dorchester
Dorset
DT1 1HA
England

The principal place of business is:
Ringstead Farm
Ringstead
Dorchester
Dorset
DT2 8NF

2	Accounting policies

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Grants that impose specified future performance-related conditions, such as Basic Payment Scheme (BPS) subsidies, are recognised in income only when the performance-related conditions are met.

Other grants

Other grants are credited to deferred revenue. Other grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Other grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

High House Farm Limited

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, 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	Freehold land nil, buildings 4% per annum on cost
Plant, machinery and equipment	12.5% reducing balance basis
Computer equipment	15% reducing balance basis
Cottage fixtures and fittings	12.5% reducing balance basis
Motor vehicles	25% reducing balance basis

Intangible assets

Intangible assets are stated in the statement of financial position at cost, less accumulated amortisation and any accumulated impairment losses.

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
Basic Payment Scheme Entitlements	20% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less selling costs.

Biological assets are stated in the Balance Sheet at cost, less any accumulated depreciation and any accumulated impairment losses. For home-bred animals, cost represents a deemed cost valuation.

High House Farm Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

High House Farm Limited

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

4	Intangible assets

	Basic Payment Scheme Entitlements  £	Total £
Cost
At 1 April 2024	3,550	3,550
Disposals	(3,550)	(3,550)
At 31 March 2025	-	-
Amortisation
At 1 April 2024	3,550	3,550
Amortisation eliminated on disposals	(3,550)	(3,550)
At 31 March 2025	-	-
Carrying amount
At 31 March 2025	-	-

5	Tangible assets

	Freehold land and buildings £	Cottage fixtures and fittings  £	Other property, plant and equipment  £	Total £
Cost or valuation
At 1 April 2024	3,295,851	2,851	669,539	3,968,241
Additions	25,025	-	-	25,025
Disposals	-	-	(3,390)	(3,390)
At 31 March 2025	3,320,876	2,851	666,149	3,989,876
Depreciation
At 1 April 2024	1,360,879	2,417	444,257	1,807,553
Charge for the year	92,258	109	27,921	120,288
Eliminated on disposal	-	-	(1,403)	(1,403)
At 31 March 2025	1,453,137	2,526	470,775	1,926,438
Carrying amount
At 31 March 2025	1,867,739	325	195,374	2,063,438
At 31 March 2024	1,934,972	434	225,282	2,160,688

The Freehold land and buildings were valued by Carter Jonas on 31 January 2014 at £4,100,000.

High House Farm Limited

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

6	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2024	128,408	128,408
Additions	8,168	8,168
At 31 March 2025	136,576	136,576
Carrying amount
At 31 March 2025	136,576	136,576
At 31 March 2024	128,408	128,408

7

Stocks

	2025 £	2024 £
Other inventories	578,136	498,798

8

Debtors

Current	2025 £	2024 £
Trade debtors	134,792	100,569
Prepayments	8,441	4,536
Other debtors	9,883	24,263
	153,116	129,368

High House Farm Limited

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

9

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	10	68,875	65,643
Trade creditors		103,034	126,524
Accruals and deferred income		291,354	23,252
Other creditors		297,295	386,678
		760,558	602,097

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £68,875 (2024 - £65,643).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	10	1,880,412	1,949,642
Deferred income		16,391	19,994
		1,896,803	1,969,636

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £1,880,412 (2024 - £1,949,642).

Creditors include bank loans repayable by instalments of £1,147,731 (2024 - £1,230,954) due after more than five years.

10	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	1,880,412	1,949,642

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	68,875	65,643