Registration number: 00799968

Reeve Bros. (Farmers) Limited

Contents

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

Reeve Bros. (Farmers) Limited

Company Information

Directors

Mr N Reeve Mr M R Lingard

Company secretary

Mr N Reeve

Registered office

Ashtree farm Jericho Lane East Halton North Lincs DN40 3PZ

Solicitors

Wilkin Chapman Market Place Barton upon Humber North Lincolnshire DN18 5DD

Reeve Bros. (Farmers) Limited

(Registration number: 00799968)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	963,970	1,054,764
Other financial assets		2	2
		963,972	1,054,766
Current assets
Stocks	5	307,366	224,943
Debtors	6	50,013	72,392
Cash at bank and in hand		742,628	892,576
		1,100,007	1,189,911
Creditors: Amounts falling due within one year	7	(96,791)	(112,206)
Net current assets		1,003,216	1,077,705
Total assets less current liabilities		1,967,188	2,132,471
Creditors: Amounts falling due after more than one year	7	-	(32,348)
Provisions for liabilities		(66,548)	(88,753)
Net assets		1,900,640	2,011,370
Capital and reserves
Called up share capital	8	3,998	3,998
Capital redemption reserve		3,312	3,312
Retained earnings		1,893,330	2,004,060
Shareholders' funds		1,900,640	2,011,370

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 and 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 22 December 2025 and signed on its behalf by:
 

......................................... Mr N Reeve Company secretary and director

......................................... Mr M R Lingard Director

Reeve Bros. (Farmers) 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.

The address of its registered office is:
Ashtree farm
Jericho Lane
East Halton
North Lincs
DN40 3PZ

These financial statements were authorised for issue by the Board on 22 December 2025.

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.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Going concern

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change 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.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Reeve Bros. (Farmers) Limited

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

Tangible assets

Tangible assets are stated in the statement of financial position 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
Plant, machinery & vehicles	25% reducing balance
Farm buildings	2% or 4% straight line

Stocks

The basis of valuation is as follows:

Raw materials and consumables are stated at the lower of cost or net realisable value.
Tenantright is calculated by a combination of actual costs incurred and standard costs.

Standard costings used are based upon calculation prepared by the Central Association of Agricultural Valuers.

The basis of valuation is consistent with previous years.

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.

3	Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 4 (2024 - 4).

Reeve Bros. (Farmers) Limited

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

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	784,941	1,307,426	54,353	2,146,720
At 31 March 2025	784,941	1,307,426	54,353	2,146,720
Depreciation
At 1 April 2024	85,182	964,169	42,602	1,091,953
Charge for the year	1,976	85,883	2,938	90,797
At 31 March 2025	87,158	1,050,052	45,540	1,182,750
Carrying amount
At 31 March 2025	697,783	257,374	8,813	963,970
At 31 March 2024	699,756	343,257	11,751	1,054,764

Included within the net book value of land and buildings above is £697,783 (2024 - £699,756) in respect of freehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	307,366	224,943

6

Debtors

Current	2025 £	2024 £
Trade debtors	37,778	51,223
Prepayments	1,745	1,546
Other debtors	10,490	19,623
	50,013	72,392

Reeve Bros. (Farmers) Limited

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

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		38,939	42,498
Trade creditors		14,592	20,958
Taxation and social security		14,318	16,413
Accruals and deferred income		4,830	4,600
Other creditors		24,112	27,737
		96,791	112,206

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £32,348 (2024 - £32,348).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		-	32,348

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £Nil, (2024 - £32,348).

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	3,998	3,998	3,998	3,998
Share premium of £1 each	3,312	3,312	3,312	3,312
	7,310	7,310	7,310	7,310

Reeve Bros. (Farmers) Limited

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

9	Related party transactions

Transactions with Directors

2025	At 1 April 2024 £	Advances to Director £	Repayments by Director £	At 31 March 2025 £
Mr N Reeve
Directors loan	2,838	3,206	(2,838)	3,206

2024	At 1 April 2023 £	Advances to Director £	Repayments by Director £	At 31 March 2024 £
Mr N Reeve
Directors loan	334	2,838	(334)	2,838