Silverfin false false 31/05/2025 01/06/2024 31/05/2025 Mr A W J Hillier 11/06/2009 Mrs G A Hillier 11/05/2017 Mrs V Hillier 16/06/2008 23 February 2026 The principal activity of the business is the raising of cattle. 06621293 2025-05-31 06621293 bus:Director1 2025-05-31 06621293 bus:Director2 2025-05-31 06621293 bus:Director3 2025-05-31 06621293 2024-05-31 06621293 core:CurrentFinancialInstruments 2025-05-31 06621293 core:CurrentFinancialInstruments 2024-05-31 06621293 core:Non-currentFinancialInstruments 2025-05-31 06621293 core:Non-currentFinancialInstruments 2024-05-31 06621293 core:ShareCapital 2025-05-31 06621293 core:ShareCapital 2024-05-31 06621293 core:RetainedEarningsAccumulatedLosses 2025-05-31 06621293 core:RetainedEarningsAccumulatedLosses 2024-05-31 06621293 core:LandBuildings 2024-05-31 06621293 core:PlantMachinery 2024-05-31 06621293 core:Vehicles 2024-05-31 06621293 core:FurnitureFittings 2024-05-31 06621293 core:LandBuildings 2025-05-31 06621293 core:PlantMachinery 2025-05-31 06621293 core:Vehicles 2025-05-31 06621293 core:FurnitureFittings 2025-05-31 06621293 core:RemainingRelatedParties core:CurrentFinancialInstruments 2025-05-31 06621293 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-05-31 06621293 2024-06-01 2025-05-31 06621293 bus:FilletedAccounts 2024-06-01 2025-05-31 06621293 bus:SmallEntities 2024-06-01 2025-05-31 06621293 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 06621293 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 06621293 bus:Director1 2024-06-01 2025-05-31 06621293 bus:Director2 2024-06-01 2025-05-31 06621293 bus:Director3 2024-06-01 2025-05-31 06621293 core:PlantMachinery 2024-06-01 2025-05-31 06621293 core:Vehicles 2024-06-01 2025-05-31 06621293 core:FurnitureFittings 2024-06-01 2025-05-31 06621293 2023-06-01 2024-05-31 06621293 core:LandBuildings 2024-06-01 2025-05-31 06621293 core:Non-currentFinancialInstruments 2024-06-01 2025-05-31 iso4217:GBP xbrli:pure

Company No: 06621293 (England and Wales)

# NORBIN FARM LIMITED

### Unaudited Financial Statements
For the financial year ended 31 May 2025
Pages for filing with the registrar

NORBIN FARM LIMITED

## Unaudited Financial Statements

For the financial year ended 31 May 2025

Contents

NORBIN FARM LIMITED

## BALANCE SHEET

As at 31 May 2025
NORBIN FARM LIMITED

## BALANCE SHEET (continued)

As at 31 May 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 1,550,673 |  | 755,236
|  | 1,550,673 |  | 755,236
Current assets |  |  |  |
Stocks | 4 | 310,835 |  | 103,428
Debtors | 5 | 175,841 |  | 333,072
Cash at bank and in hand |  | 191 |  | 2,033
|  | 486,867 |  | 438,533
Creditors: amounts falling due within one year | 6 | ( 694,472) |  | ( 282,518)
Net current (liabilities)/assets |  | (207,605) |  | 156,015
Total assets less current liabilities |  | 1,343,068 |  | 911,251
Creditors: amounts falling due after more than one year | 7 | ( 620,155) |  | ( 269,539)
Provision for liabilities |  | ( 175,353) |  | ( 147,607)
Net assets |  | 547,560 |  | 494,105
Capital and reserves |  |  |  |
Called-up share capital |  | 100 |  | 100
Profit and loss account |  | 547,460 |  | 494,005
Total shareholders' funds |  | 547,560 |  | 494,105

For the financial year ending 31 May 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 financial year in accordance with section 476;
- The directors acknowledge 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Norbin Farm Limited (registered number: 06621293) were approved and authorised for issue by the Board of Directors on 23 February 2026. They were signed on its behalf by:

Mr A W J Hillier Director |

NORBIN FARM LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025
NORBIN FARM LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2025

##### 1. Accounting policies

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.

##### General information and basis of accounting

The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
Norbin Farm Box
Corsham
Wiltshire
SN13 8JJ
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 Section 1A, and the Companies Act 2006.
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.

##### Going concern

The financial statements have been prepared on a going concern basis. Net current liabilities at the year end are reported at £207,605, however included within creditors is £251,020 of monies owed to directors or associated businesses. The directors and associated businesses have agreed to support the company for the next twelve months since signing the balance sheet date.

##### Turnover

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 value added tax, returns, rebates and discounts and after eliminating sales within the company.
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.

##### Taxation

Current 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.
Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### 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 | not depreciated
Plant and machinery | 20 % reducing balance
Vehicles | 10 % reducing balance
Fixtures and fittings | 25 % reducing balance

##### 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.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 4 |  | 4

#### 3. Tangible assets

| Land and buildings |  | Plant and machinery |  | Vehicles |  | Fixtures and fittings |  | Total
| £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |
At 01 June 2024 | 308,663 |  | 784,651 |  | 290,308 |  | 36,896 |  | 1,420,518
Additions | 684,384 |  | 111,550 |  | 129,621 |  | 0 |  | 925,555
Disposals | 0 |  | ( 10,500) |  | ( 79,500) |  | 0 |  | ( 90,000)
At 31 May 2025 | 993,047 |  | 885,701 |  | 340,429 |  | 36,896 |  | 2,256,073
Accumulated depreciation |  |  |  |  |  |  |  |  |
At 01 June 2024 | 0 |  | 518,789 |  | 114,887 |  | 31,606 |  | 665,282
Charge for the financial year | 0 |  | 58,651 |  | 16,255 |  | 1,323 |  | 76,229
Disposals | 0 |  | ( 8,770) |  | ( 27,341) |  | 0 |  | ( 36,111)
At 31 May 2025 | 0 |  | 568,670 |  | 103,801 |  | 32,929 |  | 705,400
Net book value |  |  |  |  |  |  |  |  |
At 31 May 2025 | 993,047 |  | 317,031 |  | 236,628 |  | 3,967 |  | 1,550,673
At 31 May 2024 | 308,663 |  | 265,862 |  | 175,421 |  | 5,290 |  | 755,236

#### 4. Stocks

| 2025 |  | 2024
| £ |  | £
Livestock | 310,835 |  | 103,428

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 39,624 |  | 3,958
Amounts owed by directors | 0 |  | 213,628
Prepayments | 6,447 |  | 2,593
VAT recoverable | 7,275 |  | 5,034
Other debtors | 122,495 |  | 107,859
| 175,841 |  | 333,072

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank overdrafts | 126,493 |  | 39,918
Trade creditors | 190,316 |  | 53,812
Amounts owed to related parties | 87,210 |  | 51,729
Taxation and social security | ( 5,795) |  | 10,784
Obligations under finance leases and hire purchase contracts | 27,814 |  | 27,001
Other creditors | 268,434 |  | 99,274
| 694,472 |  | 282,518

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans | 579,069 |  | 262,961
Obligations under finance leases and hire purchase contracts | 41,086 |  | 6,578
| 620,155 |  | 269,539

The bank loans are secured against fixed and floating charge over the undertaking and all property and assets present and future
The hire purchase contracts are secured against the assets to which they relate.

#### 8. Related party transactions

Transactions with entities in which the entity itself has a participating interest

At the balance sheet date, the company owed £87,210 (2024: £51,729) to a company with common directors. The balance is repayable on demand and no interest is being charged.

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Opening balance | 213,629 |  | 273,556
Advances including interest at official rate | 108,288 |  | 205,590
Repayments | (321,917) |  | (265,517)
Closing balance | 0 |  | 213,629