Company No: 03837876 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	67,968		71,489
		67,968		71,489
Current assets
Stocks		108,908		143,114
Debtors	4	218,284		205,155
Cash at bank and in hand		496,481		377,013
		823,673		725,282
Creditors: amounts falling due within one year	5	( 289,949)		( 311,882)
Net current assets		533,724		413,400
Total assets less current liabilities		601,692		484,889
Provision for liabilities		( 17,000)		( 18,000)
Net assets		584,692		466,889
Capital and reserves
Called-up share capital	6	75		75
Profit and loss account		584,617		466,814
Total shareholders' funds		584,692		466,889

For the financial year ending 31 October 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Riverford Farm Dairies Limited (registered number: 03837876) were approved and authorised for issue by the Director on 31 December 2025. They were signed on its behalf by:

Mr R O Watson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Riverford Farm Dairies Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Riverford, Staverton, Totnes, TQ9 6AF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Land and buildings	4 years straight line
Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	25 % reducing balance
Computer equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.

A total of £670 (2024: £893) was recognised in the profit and loss account during the year.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	14		14

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£		£
Cost
At 01 November 2024	22,135		460,821		23,476		5,102		0		511,534
Additions	0		17,870		0		0		2,642		20,512
Disposals	0		( 9,950)		0		0		0		( 9,950)
At 31 October 2025	22,135		468,741		23,476		5,102		2,642		522,096
Accumulated depreciation
At 01 November 2024	22,135		397,287		17,118		3,505		0		440,045
Charge for the financial year	0		21,738		1,590		574		131		24,033
Disposals	0		( 9,950)		0		0		0		( 9,950)
At 31 October 2025	22,135		409,075		18,708		4,079		131		454,128
Net book value
At 31 October 2025	0		59,666		4,768		1,023		2,511		67,968
At 31 October 2024	0		63,534		6,358		1,597		0		71,489

4. Debtors

	2025		2024
	£		£
Trade debtors	182,327		171,463
Prepayments	11,980		11,531
VAT recoverable	23,977		22,161
	218,284		205,155

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	229,261		254,070
Accruals and deferred income	14,835		19,465
Corporation tax	38,024		32,519
Other taxation and social security	6,617		4,831
Other creditors	1,212		997
	289,949		311,882

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
75 Ordinary shares of £ 1.00 each	75		75

7. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	839		2,013
between one and five years	0		839
Total future minimum lease payments under non-cancellable operating leases	839		2,852

8. Related party transactions

Transactions with owners holding a participating interest in the entity

	2025		2024
	£		£
Rent (above market rate)	9,300		9,300