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REGISTERED NUMBER: 00687238 (England and Wales)

Financial Statements for the Year Ended 5 April 2025

for

W.Swinbank & Sons Limited

W.Swinbank & Sons Limited (Registered number: 00687238)

Contents of the Financial Statements

for the Year Ended 5 April 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Report of the Accountants | 9 |

W.Swinbank & Sons Limited

Company Information

for the Year Ended 5 April 2025

| DIRECTORS: | B V Swinbank

| R W Swinbank

| D A Swinbank

| SECRETARY: | B V Swinbank

| REGISTERED OFFICE: | Greystones

| Caldwell

| Richmond

| North Yorkshire

| DL11 7UB

| REGISTERED NUMBER: | 00687238 (England and Wales)

| ACCOUNTANTS: | Yorkshire Accountants Ripon

| Eva Lett House

| 1 South Crescent

| Ripon

| North Yorkshire

| HG4 1SN

W.Swinbank & Sons Limited (Registered number: 00687238)

Balance Sheet

5 April 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 4,045,544 |  | 4,083,655 |  |

CURRENT ASSETS

Stocks | 5 | 631,635 |  | 565,373 |  |

Debtors | 6 | 511,402 |  | 334,328 |  |

Cash at bank and in hand | 479 |  | 589 |  |

1,143,516 |  | 900,290 |  |

CREDITORS

Amounts falling due within one year | 7 | 885,630 |  | 842,080 |  |

NET CURRENT ASSETS | 257,886 |  | 58,210 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 4,303,430 |  | 4,141,865 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (1,034,125 | ) | (945,061 | ) |

PROVISIONS FOR LIABILITIES | (324,848 | ) | (257,005 | ) |

NET ASSETS | 2,944,457 |  | 2,939,799 |  |

CAPITAL AND RESERVES

Called up share capital | 14,253 |  | 14,253 |  |

Capital redemption reserve | 8,252 |  | 8,252 |  |

Retained earnings | 2,921,952 |  | 2,917,294 |  |

SHAREHOLDERS' FUNDS | 2,944,457 |  | 2,939,799 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2025 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.

W.Swinbank & Sons Limited (Registered number: 00687238)

Balance Sheet - continued

5 April 2025

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 January 2026 and were signed on its behalf by:

B V Swinbank - Director

W.Swinbank & Sons Limited (Registered number: 00687238)

Notes to the Financial Statements

for the Year Ended 5 April 2025

1. | STATUTORY INFORMATION

| W.Swinbank & Sons 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Improvements to Property | - | 10% on reducing balance

| Plant and Machinery | - | 15% on reducing balance

| Motor Vehicles | - | 25% on reducing balance

| Computer Equipment | - | 15% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

| Current or deferred taxation assets and liabilities are not discounted.

| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

| Timing differences 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 tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

| Unrelieved tax losses and other deferred tax assets are 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

W.Swinbank & Sons Limited (Registered number: 00687238)

Notes to the Financial Statements - continued

for the Year Ended 5 April 2025

2. | ACCOUNTING POLICIES - continued

| Pension costs and other post-retirement benefits

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 10 (2024 - 10 ) .

4. | TANGIBLE FIXED ASSETS

| Improvements |

| Land and |  | to |  | Plant and

| Buildings |  | Property |  | Machinery

£ | £ | £ |

| COST

| At 6 April 2024 | 2,835,561 |  | 747,768 |  | 2,450,955 |  |

| Additions | - |  | - |  | 112,600 |  |

| Disposals | - |  | - |  | (69,700 | ) |

| At 5 April 2025 | 2,835,561 |  | 747,768 |  | 2,493,855 |  |

| DEPRECIATION

| At 6 April 2024 | - |  | 612,762 |  | 1,344,081 |  |

| Charge for year | - |  | 13,500 |  | 169,851 |  |

| Eliminated on disposal | - |  | - |  | (65,745 | ) |

| At 5 April 2025 | - |  | 626,262 |  | 1,448,187 |  |

| NET BOOK VALUE

| At 5 April 2025 | 2,835,561 |  | 121,506 |  | 1,045,668 |  |

| At 5 April 2024 | 2,835,561 |  | 135,006 |  | 1,106,874 |  |

| Motor |  | Computer |

| Vehicles |  | Equipment |  | Totals

£ | £ | £ |

| COST

| At 6 April 2024 | 26,088 |  | 5,436 |  | 6,065,808 |  |

| Additions | 50,175 |  | 250 |  | 163,025 |  |

| Disposals | - |  | - |  | (69,700 | ) |

| At 5 April 2025 | 76,263 |  | 5,686 |  | 6,159,133 |  |

| DEPRECIATION

| At 6 April 2024 | 21,450 |  | 3,860 |  | 1,982,153 |  |

| Charge for year | 13,566 |  | 264 |  | 197,181 |  |

| Eliminated on disposal | - |  | - |  | (65,745 | ) |

| At 5 April 2025 | 35,016 |  | 4,124 |  | 2,113,589 |  |

| NET BOOK VALUE

| At 5 April 2025 | 41,247 |  | 1,562 |  | 4,045,544 |  |

| At 5 April 2024 | 4,638 |  | 1,576 |  | 4,083,655 |  |

W.Swinbank & Sons Limited (Registered number: 00687238)

Notes to the Financial Statements - continued

for the Year Ended 5 April 2025

4. | TANGIBLE FIXED ASSETS - continued

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and |  | Motor |

| Machinery |  | Vehicles |  | Totals

£ | £ | £ |

| COST

| At 6 April 2024 | 372,500 |  | - |  | 372,500 |  |

| Additions | - |  | 50,175 |  | 50,175 |  |

| Transfer to ownership | (298,500 | ) | - |  | (298,500 | ) |

| At 5 April 2025 | 74,000 |  | 50,175 |  | 124,175 |  |

| DEPRECIATION

| At 6 April 2024 | 116,184 |  | - |  | 116,184 |  |

| Charge for year | 10,550 |  | 12,406 |  | 22,956 |  |

| Transfer to ownership | (112,514 | ) | - |  | (112,514 | ) |

| At 5 April 2025 | 14,220 |  | 12,406 |  | 26,626 |  |

| NET BOOK VALUE

| At 5 April 2025 | 59,780 |  | 37,769 |  | 97,549 |  |

| At 5 April 2024 | 256,316 |  | - |  | 256,316 |  |

5. | STOCKS

2025 | 2024 |

£ | £ |

| Livestock | 275,130 |  | 231,600 |  |

| Produce | 199,125 |  | 171,300 |  |

| Stores and Growing Crops | 157,380 |  | 162,473 |  |

631,635 |  | 565,373 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 228,318 |  | 312,360 |  |

| Other debtors | 283,084 |  | 21,968 |  |

511,402 |  | 334,328 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts (see note 9) | 380,831 |  | 379,313 |  |

| Hire purchase contracts | 19,338 |  | 51,403 |  |

| Trade Creditors | 230,588 |  | 134,105 |  |

| Taxation | 69,273 |  | 24,088 |  |

| Other Taxes and PAYE | 3,748 |  | 3,835 |  |

| Directors Current Accounts | 181,852 |  | 249,336 |  |

885,630 |  | 842,080 |  |

W.Swinbank & Sons Limited (Registered number: 00687238)

Notes to the Financial Statements - continued

for the Year Ended 5 April 2025

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans (see note 9) | 929,239 |  | 457,695 |  |

| Other loans (see note 9) | 104,052 |  | 478,033 |  |

| Hire purchase contracts | 834 |  | 9,333 |  |

1,034,125 |  | 945,061 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 557,548 |  | 251,901 |  |

9. | LOANS

| An analysis of the maturity of loans is given below:

2025 | 2024 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank overdrafts | 234,902 |  | 257,231 |  |

| Bank Loans | 145,929 |  | 122,082 |  |

380,831 |  | 379,313 |  |

| Amounts falling due between one and two years:

| Bank Loans | 103,567 |  | 98,472 |  |

| Mrs Samantha Swinbank Loan | 104,052 |  | 62,000 |  |

| Mrs S Swinbank Loan | - |  | 129,981 |  |

| Mrs H Swinbank Loan | - |  | 100,000 |  |

| Mr T Simms Loan | - |  | 177,052 |  |

| Loan Mr E Swinbank | - |  | 9,000 |  |

207,619 |  | 576,505 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 268,124 |  | 107,322 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans more 5 yr by instal | 557,548 |  | 251,901 |  |

10. | RELATED PARTY DISCLOSURES

| During the year, total dividends of £99,771 (2024 - £99,771) were paid to the directors .

W.Swinbank & Sons Limited (Registered number: 00687238)

Notes to the Financial Statements - continued

for the Year Ended 5 April 2025

10. | RELATED PARTY DISCLOSURES - continued

| During the year, the company rented land from the directors Mr B V Swinbank, Mr R W Swinbank and Mr D A Swinbank.

| Rent for the year was £23,320 (2024:£19,820) and no amounts were outstanding at the year end.

| The company also rents land off a family member, Mrs S Swinbank.

| Rent for the year was £13,020 (2024:£13,020)

| The amounts owed by the company to family members totalled £104,052 (2023:£478,033)

W.Swinbank & Sons Limited

Report of the Accountants to the Directors of

W.Swinbank & Sons Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 5 April 2025 set out on pages three to eleven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Yorkshire Accountants Ripon

Eva Lett House

1 South Crescent

Ripon

North Yorkshire

HG4 1SN

Date: .............................................