REGISTERED NUMBER: 09564658 (England and Wales)

HJ & JD Duthie Limited

Unaudited Financial Statements

for the Year Ended 31 August 2025

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

HJ Duthie

JD Duthie

REGISTERED OFFICE:

Porch Farm

Weston-under-Penyard

Ross-on-Wye

Herefordshire

HR9 7PG

REGISTERED NUMBER:

09564658 (England and Wales)

ACCOUNTANTS:

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

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 Statement of Income and Retained Earnings and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of HJ & JD Duthie Limited for the year ended 31 August 2025 which comprise the Profit and Loss Account, Balance Sheet, Statement of Changes in Equity and the related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

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

It is your duty to ensure that HJ & JD Duthie Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of HJ & JD Duthie Limited. You consider that HJ & JD Duthie 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 financial statements of HJ & JD Duthie 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 financial statements.

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

2 January 2026

FIXED ASSETS

Tangible assets

4

1,014,937

1,096,224

Investment property

5

700,000

600,000

1,714,937

1,696,224

CURRENT ASSETS

Stocks

1,701

375,203

Debtors

6

176,372

114,195

Cash at bank

1,273,016

151,036

1,451,089

640,434

CREDITORS

Amounts falling due within one year

7

660,230

595,999

NET CURRENT ASSETS

790,859

44,435

TOTAL ASSETS LESS CURRENT LIABILITIES

2,505,796

1,740,659

CREDITORS

Amounts falling due after more than one year

8

(12,707

)

(283,235

)

PROVISIONS FOR LIABILITIES

9

(189,541

)

(170,939

)

NET ASSETS

2,303,548

1,286,485

CAPITAL AND RESERVES

Allotted, issued and fully

paid share capital

1,000

1,000

Fair value reserve

201,949

127,475

Retained earnings

2,100,599

1,158,010

SHAREHOLDERS' FUNDS

2,303,548

1,286,485

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved for issue by the Board of Directors and authorised for issue on 30 December 2025 and were signed on its behalf by:

HJ Duthie - Director

1.	STATUTORY INFORMATION

HJ & JD Duthie Limited is a private company, limited by shares, incorporated and registered in England and Wales. The company's registered number and registered office 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 as modified by the revaluation of certain assets.

The directors have considered the financial requirements of the company and consider that it will be able to operate within its agreed finance facilities for the 12 months from the approval of these accounts. The directors therefore consider it appropriate to prepare the accounts on the going concern basis.

Turnover

Turnover represents egg sales stated net of discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when the significant risks and rewards of ownership have passed to the buyer, when the amount of revenue can be measured reliably, when it is probable that the economic benefits associated with the transaction will flow to the entity and when the costs incurred or to be incurred in respect of the transaction can be measured reliably.

The following criteria must be met before revenue is recognised:

Egg sales are recognised when the eggs are collected from the farm.

Tangible fixed assets

Land and buildings - not provided

Improvements to property - 4% on cost

Plant and machinery - 10% on reducing balance

Motor vehicles - 25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

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

The company owns chickens for egg production which are regarded as biological assets. These are depreciated on a straight line basis over their useful life on the farm of 60 weeks.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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

The average number of employees during the year was 4 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Land and

to

Plant and

Motor

buildings

property

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 September 2024

54,008

476,106

1,627,893

35,481

2,193,488

Additions

-

-

15,728

-

15,728

At 31 August 2025

54,008

476,106

1,643,621

35,481

2,209,216

DEPRECIATION

At 1 September 2024

-

157,961

930,432

8,871

1,097,264

Charge for year

-

19,044

71,319

6,652

97,015

At 31 August 2025

-

177,005

1,001,751

15,523

1,194,279

NET BOOK VALUE

At 31 August 2025

54,008

299,101

641,870

19,958

1,014,937

At 31 August 2024

54,008

318,145

697,461

26,610

1,096,224

Included in cost of land and buildings is freehold land of £ 54,008 (2024 - £ 54,008 ) which is not depreciated.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

600,000

Revaluations

100,000

At 31 August 2025

700,000

NET BOOK VALUE

At 31 August 2025

700,000

At 31 August 2024

600,000

Fair value at 31 August 2025 is represented by:

£

Valuation in 2021

1,280

Valuation in 2023

78,678

Valuation in 2024

89,308

Valuation in 2025

100,000

Cost

430,734

700,000

The Investment Property was revalued by Brightwells Limited on 14 May 2025.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

163,043

112,436

Prepayments and accrued income

11,187

1,061

VAT

2,142

698

176,372

114,195

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans

-

49,000

Trade creditors

37,182

71,959

Corporation tax payable

363,612

150,459

Directors' current accounts

255,354

320,472

Accruals and deferred income

4,082

4,109

660,230

595,999

Directors' current accounts are interest free and repayable on demand.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

50,000

Bank loans - 2-5 years

-

156,000

Bank loans more than 5 years

by instalment

-

63,116

Accruals and deferred income

12,707

14,119

12,707

283,235

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalment

-

63,116

-

63,116

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

122,224

129,148

Investment property valuation

67,317

41,791

189,541

170,939

Deferred

tax

£

Balance at 1 September 2024

170,939

Charge to Profit and Loss Account during year

18,602

Balance at 31 August 2025

189,541