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COMPANY REGISTRATION NUMBER: 04856731

Milford Farm Limited

Unaudited Financial Statements

For the year ended

31 March 2025

Milford Farm Limited

Financial Statements

Year ended 31 March 2025

Contents | Page

Directors' report | 1

Income statement | 2

Statement of income and retained earnings | 3

Statement of financial position | 4

Notes to the financial statements | 6

The following pages do not form part of the financial statements

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements | 11

Milford Farm Limited

Directors' Report

Year ended 31 March 2025
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2025 .
Principal activities
The principal activity of the company during the year was that of the farming of pigs and poultry and poultry processing.
Directors
The directors who served the company during the year were as follows:

Mr. C.W. Woodall |
Mrs. L.J. Woodall |

Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 10 February 2026 and signed on behalf of the board by:

Mrs L.J. Woodall
Company Secretary

Registered office:
Scat House Farm
Peckfield
South Milford
Leeds
LS25 5LJ

Milford Farm Limited

Income Statement

Year ended 31 March 2025

| 2025 | 2024
Note | £ | £
Turnover | 274,813 | 199,879

Cost of sales | 128,165 | 98,797
| ---------- | ----------
Gross profit | 146,648 | 101,082

Administrative expenses | 103,532 | 104,456
Other operating income | 112,016 | 94,228
| ---------- | ----------
Operating profit | 155,132 | 90,854

Other interest receivable and similar income | 2,458 | 104
|  | ---------- | ----------
Profit before taxation | 5 | 157,590 | 90,958

Tax on profit | 37,152 | 20,651
| ---------- | --------
Profit for the financial year | 120,438 | 70,307
| ---------- | --------

All the activities of the company are from continuing operations.
The company has no other recognised items of income and expenses other than the results for the year as set out above.

Milford Farm Limited

Statement of Income and Retained Earnings

Year ended 31 March 2025

| 2025 | 2024
Note | £ | £
Profit for the financial year and total comprehensive income | 120,438 | 70,307
Dividends paid and payable | ( 53,000) | ( 70,000)

Retained earnings at the start of the year | 349,392 | 349,085
| ---------- | ----------
Retained earnings at the end of the year | 416,830 | 349,392
| ---------- | ----------

Milford Farm Limited

Statement of Financial Position

31 March 2025

| 2025 | 2024
Note | £ | £ | £ | £

Fixed assets

Tangible assets | 6 |  | 588,919 |  | 565,618

Current assets

Stocks | 3,700 |  | 3,500 |
Debtors | 7 | 149,128 |  | 60,119 |
Cash at bank and in hand | 296,513 |  | 300,862 |
| ---------- |  | ---------- |
| 449,341 |  | 364,481 |

Creditors: amounts falling due within one year | 8 | 588,881 |  | 554,139 |
| ---------- |  | ---------- |
Net current liabilities |  | 139,540 |  | 189,658
|  | ---------- |  | ----------
Total assets less current liabilities |  | 449,379 |  | 375,960

Provisions

Taxation including deferred tax |  | 32,449 |  | 26,468
|  | ---------- |  | ----------
Net assets |  | 416,930 |  | 349,492
|  | ---------- |  | ----------

Milford Farm Limited

Statement of Financial Position (continued)

31 March 2025

| 2025 | 2024
Note | £ | £ | £ | £

Capital and reserves

Called up share capital |  | 100 |  | 100
Profit and loss account |  | 416,830 |  | 349,392
|  | ---------- |  | ----------
Shareholders funds |  | 416,930 |  | 349,492
|  | ---------- |  | ----------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 31 March 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 10 February 2026 , and are signed on behalf of the board by:

Mr. C.W. Woodall |
Director |

Company registration number: 04856731

Milford Farm Limited

Notes to the Financial Statements

Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Scat House Farm, Peckfield, South Milford, Leeds, LS25 5LJ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
(c) Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
(d) Current and deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax.
(e) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
(f) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and Machinery | - | 15% reducing balance
| Motor Vehicles | - | 15% reducing balance

(g) Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
(h) Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
(i) Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).
5. Profit before taxation
Profit before taxation is stated after charging:

| 2025 | 2024
| £ | £
Depreciation of tangible assets | 19,719 | 20,515
| -------- | --------

6. Tangible assets

| Land and buildings | Plant and machinery | Motor vehicles | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 April 2024 | 449,363 | 393,938 | 47,567 | 890,868
Additions | – | 43,020 | – | 43,020
| ---------- | ---------- | -------- | ----------
At 31 March 2025 | 449,363 | 436,958 | 47,567 | 933,888
| ---------- | ---------- | -------- | ----------
Depreciation |  |  |  |
At 1 April 2024 | – | 284,656 | 40,594 | 325,250
Charge for the year | – | 18,673 | 1,046 | 19,719
| ---------- | ---------- | -------- | ----------
At 31 March 2025 | – | 303,329 | 41,640 | 344,969
| ---------- | ---------- | -------- | ----------
Carrying amount |  |  |  |
At 31 March 2025 | 449,363 | 133,629 | 5,927 | 588,919
| ---------- | ---------- | -------- | ----------
At 31 March 2024 | 449,363 | 109,282 | 6,973 | 565,618
| ---------- | ---------- | -------- | ----------

Investment property was valued in March 2025 by the directors who concluded that the market value of the property was the same as the purchase price.
7. Debtors

| 2025 | 2024
| £ | £
Trade debtors | 20,279 | 3,089
Other debtors | 128,849 | 57,030
| ---------- | --------
| 149,128 | 60,119
| ---------- | --------

8. Creditors: amounts falling due within one year

| 2025 | 2024
| £ | £
Trade creditors | 141,511 | 124,163
Accruals and deferred income | 13,288 | 28,782
Corporation tax | 31,171 | 25,614
Directors current accounts | 402,911 | 375,580
| ---------- | ----------
| 588,881 | 554,139
| ---------- | ----------

9. Related party transactions
During the year the directors made available loans to the company. The loans are interest free and repayable on demand. At the year end date the balance due to the directors totalled £ 402,911 (2024 £375,580).

Milford Farm Limited

Management Information

Year ended 31 March 2025
The following pages do not form part of the financial statements.

Milford Farm Limited

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Milford Farm Limited

Year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Milford Farm Limited for the year ended 31 March 2025, which comprise the income statement, statement of income and retained earnings, statement of financial position 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 at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Milford Farm Limited, as a body, in accordance with the terms of our engagement letter dated 6 January 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Milford Farm Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Milford Farm Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Milford Farm 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 Milford Farm Limited. You consider that Milford Farm 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 Milford Farm 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.
TOWNENDS ACCOUNTANTS LLP Chartered Accountants
Carlisle Street Goole East Riding of Yorkshire DN14 5DX
11 February 2026