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Registration number: 09470302

Northfield Farms (Partnership) Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 April 2025

Northfield Farms (Partnership) Limited
(Registration number: 09470302)

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 9

Northfield Farms (Partnership) Limited
(Registration number: 09470302)

Company Information

Directors | S J Smith C E Smith R W Smith

Registered office | Northfield Farm Northfield Road Soham Ely Cambridgeshire CB7 5UF

Registered number | 09470302

Northfield Farms (Partnership) Limited
(Registration number: 09470302)

Balance Sheet as at 30 April 2025

| Note | 2025 £ | 2024 £
Fixed Assets |  |  |
Tangible Assets | 4 | 876,676 | 710,866
Current assets |  |  |
Debtors | 5 | 256,131 | 454,742
Cash at bank and in hand |  | 30,580 | -
|  | 286,711 | 454,742
Creditors: Amounts falling due within one year | 6 | (442,914) | (324,778)
Net current (liabilities)/assets |  | (156,203) | 129,964
Total assets less current liabilities |  | 720,473 | 840,830
Creditors: Amounts falling due after more than one year | 6 | (427,210) | (353,110)
Provisions for liabilities |  | (178,907) | (177,522)
Net assets |  | 114,356 | 310,198
Capital and Reserves |  |  |
Called up share capital |  | 100 | 100
Retained Earnings |  | 114,256 | 310,098
Shareholders' funds |  | 114,356 | 310,198

Northfield Farms (Partnership) Limited
(Registration number: 09470302)

Balance Sheet as at 30 April 2025

For the financial year ending 30 April 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 9 January 2026 and signed on its behalf by:

......................................... S J Smith Director

Northfield Farms (Partnership) Limited
(Registration number: 09470302)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 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:
Northfield Farm
Northfield Road
Soham
Ely
Cambridgeshire
CB7 5UF

These financial statements were authorised for issue by the Board on 9 January 2026.

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.

Northfield Farms (Partnership) Limited
(Registration number: 09470302)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

Tax

The tax expense for the period comprises 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.

A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A
current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Current tax assets and liabilities are not discounted.

Deferred tax is recognised in respect of all timing differences between the recognition of income and
expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Deferred tax assets and liabilities are not discounted.

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
Plant and machinery | 15% per annum
Motor vehicles | 20% per annum

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.

Northfield Farms (Partnership) Limited
(Registration number: 09470302)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 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.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the
reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the
obligation and the amount of the obligation can be estimated reliably.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 7).

Northfield Farms (Partnership) Limited
(Registration number: 09470302)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

4 | Tangible Assets

| Motor vehicles £ | Plant and machinery £ | Total £
Cost or valuation
At 1 May 2024 | 825,547 | 384,970 | 1,210,517
Additions | 134,000 | 250,000 | 384,000
Disposals | (56,000) | - | (56,000)
At 30 April 2025 | 903,547 | 634,970 | 1,538,517
Depreciation
At 1 May 2024 | 339,113 | 160,538 | 499,651
Charge for the year | 118,353 | 71,165 | 189,518
Eliminated on disposal | (27,328) | - | (27,328)
At 30 April 2025 | 430,138 | 231,703 | 661,841
Carrying amount
At 30 April 2025 | 473,409 | 403,267 | 876,676
At 30 April 2024 | 486,434 | 224,432 | 710,866

5 | Debtors

The directors have reviewed trade debtors for impairment and consider the impairment losses to be provided for the year are £Nil (2024 - £Nil)
All amounts are due within one year.

Current | 2025 £ | 2024 £
Trade Debtors | 16,933 | 49,350
Prepayments | 322 | -
Other debtors | 238,876 | 405,392
| 256,131 | 454,742

Northfield Farms (Partnership) Limited
(Registration number: 09470302)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

6 | Creditors

Creditors: amounts falling due within one year

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 7 | 198,541 | 155,363
Taxation and social security |  | 3,208 | 113,412
Accruals and deferred income |  | 2,686 | 2,423
Other creditors |  | 238,479 | 53,580
|  | 442,914 | 324,778

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 7 | 427,210 | 353,110

7 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts | - | 3,768
HP and finance lease liability 1 (under 1yr) | 198,541 | 151,595
| 198,541 | 155,363

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 11,666 | 21,667
HP and finance lease liability | 415,544 | 331,443
| 427,210 | 353,110

Northfield Farms (Partnership) Limited
(Registration number: 09470302)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2025

8 | Related party transactions

Summary of transactions with other related parties

During the year the company has traded with S J & C E Smith, a partnership in which S J Smith and C E Smith, directors of this company, are the partners. All transactions have been carried out on an arms length basis. In the year sales to S J & C E Smith were £708,500 (2024 - £825,952) and at the year end £nil (2024 - £103,000) was outstanding. This balance was included in trade debtors (2024 - in trade debtors).
The company has also purchased goods from S J & C E Smith a partnership in which S J Smith and C E Smith are partners. All transactions have been carried out on an arms length basis. In the year purchases totalled £249,255 (2024 - £277,500). At the year end the balance due to S J & C E Smith was £47,949 (2024 - £53,120).