REGISTERED NUMBER: 03986015 (England and Wales)

Unaudited Financial Statements

for the Year Ended 5 April 2025

for

J Haywood Farms Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr Jeremy Stephen Haywood

Mr John Richard Haywood

REGISTERED OFFICE:

Elm Tree Farm

Hougham

Grantham

Lincolnshire

NG32 2JD

REGISTERED NUMBER:

03986015 (England and Wales)

ACCOUNTANTS:

Clayton & Brewill

Chartered Accountants

Cawley House

149-155 Canal Street

Nottingham

Nottinghamshire

NG1 7HR

FIXED ASSETS

Intangible assets

4

7,790

7,790

Property, plant and equipment

5

9,224,032

9,124,727

Investments

6

150

150

9,231,972

9,132,667

CURRENT ASSETS

Inventories

962,386

1,080,751

Debtors

7

530,017

252,551

Cash at bank

4,782,774

3,749,639

6,275,177

5,082,941

CREDITORS

Amounts falling due within one year

8

1,235,644

1,092,463

NET CURRENT ASSETS

5,039,533

3,990,478

TOTAL ASSETS LESS CURRENT LIABILITIES

14,271,505

13,123,145

PROVISIONS FOR LIABILITIES

(114,787

)

(89,517

)

ACCRUALS AND DEFERRED INCOME

(6,386

)

-

NET ASSETS

14,150,332

13,033,628

CAPITAL AND RESERVES

Called up share capital

6,000

6,000

Retained earnings

14,144,332

13,027,628

SHAREHOLDERS' FUNDS

14,150,332

13,033,628

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.

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 4 January 2026 and were signed on its behalf by:

Mr Jeremy Stephen Haywood - Director

1.	STATUTORY INFORMATION

J Haywood Farms 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 represents net sales of livestock, produce and subsidy income, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Land Entitlements are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% reducing balance

Tractors and combine

-

25% reducing balance

Motor vehicles

-

25% reducing balance

Computer equipment

-

33% on cost

Stocks

Inventories 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.

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 4 (2024 - 4 ) .

4.	INTANGIBLE FIXED ASSETS

Land

Entitlements

£

COST

At 6 April 2024

and 5 April 2025

7,790

NET BOOK VALUE

At 5 April 2025

7,790

At 5 April 2024

7,790

5.	PROPERTY, PLANT AND EQUIPMENT

Tractors

Freehold

Plant and

and

property

machinery

combine

£

£

£

COST

At 6 April 2024

8,786,678

496,108

850,400

Additions

-

207,306

-

At 5 April 2025

8,786,678

703,414

850,400

DEPRECIATION

At 6 April 2024

20,599

342,729

653,780

Charge for year

1,740

63,454

49,155

At 5 April 2025

22,339

406,183

702,935

NET BOOK VALUE

At 5 April 2025

8,764,339

297,231

147,465

At 5 April 2024

8,766,079

153,379

196,620

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 6 April 2024

25,431

665

10,159,282

Additions

9,500

-

216,806

At 5 April 2025

34,931

665

10,376,088

DEPRECIATION

At 6 April 2024

16,782

665

1,034,555

Charge for year

3,152

-

117,501

At 5 April 2025

19,934

665

1,152,056

NET BOOK VALUE

At 5 April 2025

14,997

-

9,224,032

At 5 April 2024

8,649

-

9,124,727

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 6 April 2024

and 5 April 2025

150

NET BOOK VALUE

At 5 April 2025

150

At 5 April 2024

150

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Farm debtors

411,388

207,954

Other debtors

50,000

-

VAT

51,538

23,333

Prepayments

17,091

21,264

530,017

252,551

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Farm creditors

115,403

121,915

Corporation tax

364,397

229,797

Social security and other taxes

2,821

615

Sundry creditor

152

140

Outstanding Wages

-

205

Directors' current accounts

702,544

663,592

Accrued expenses

50,327

76,199

1,235,644

1,092,463

9.	SECURED DEBTS

A legal charge dated 4th April 2003 for securing all monies due from the company on any account to Barclays Bank plc was registered on 14th April 2003. The property charged is 197 acres of land at Frieston, Caythorpe, Lincolnshire.