REGISTERED NUMBER: 04701309 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Haswells Homer Hill Farm Shop Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

J G Haswell

J C Haswell

G Hide

SECRETARY:

J G Haswell

REGISTERED OFFICE:

Homer Hill Farm

Pittington Road

Rainton Gate

County Durham

DH5 9RG

REGISTERED NUMBER:

04701309 (England and Wales)

ACCOUNTANTS:

TTR Barnes Limited

Chartered Accountants

3-5 Grange Terrace

Stockton Road

Sunderland

Tyne & Wear

SR2 7DG

BANKERS:

Barclays Bank PLC

Durham Business Centre

The Durham Group

6 Market Place

Durham City

Co. Durham

DH1 3ND

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

314,900

355,850

314,900

355,850

CURRENT ASSETS

Stocks

34,533

45,960

Debtors

6

55,999

45,894

Cash at bank and in hand

13,434

10,434

103,966

102,288

CREDITORS

Amounts falling due within one year

7

256,246

278,001

NET CURRENT LIABILITIES

(152,280

)

(175,713

)

TOTAL ASSETS LESS CURRENT LIABILITIES

162,620

180,137

CREDITORS

Amounts falling due after more than one year

8

(43,735

)

(53,808

)

PROVISIONS FOR LIABILITIES

(22,326

)

(26,580

)

NET ASSETS

96,559

99,749

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

95,559

98,749

SHAREHOLDERS' FUNDS

96,559

99,749

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2026 and were signed on its behalf by:

J G Haswell - Director

J C Haswell - Director

1.	STATUTORY INFORMATION

Haswells Homer Hill Farm Shop Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address 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.

The accounts have been prepared on the going concern basis, which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider to be appropriate.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business, is being amortised evenly over its estimated useful life of four years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Farm shop

-

18% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on reducing balance and 33% Straight line

Stocks

Stock is valued at the lower of cost and net realisable value. Cost is determined on a first in first out basis. Net realisable value represents estimated selling price less costs to complete and sell. Provision is made for slow moving, obsolete or damaged stock where the net realisable value is less than cost.

Financial instruments

The company only has financial assets ad financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Grants

The company has received grants under the Rural Development for England scheme towards the cost of the construction of a farm shop. The grant is to be amortised over the estimated useful life of the assets to which it relates.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 31 (2024 - 31 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

384,000

AMORTISATION

At 1 September 2024

and 31 August 2025

384,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

1,318,494

Additions

12,894

At 31 August 2025

1,331,388

DEPRECIATION

At 1 September 2024

962,644

Charge for year

53,844

At 31 August 2025

1,016,488

NET BOOK VALUE

At 31 August 2025

314,900

At 31 August 2024

355,850

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

5,528

9,443

Other debtors

50,471

36,451

55,999

45,894

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

-

25,809

Trade creditors

151,787

160,100

Taxation and social security

74,795

50,106

Other creditors

29,664

41,986

256,246

278,001

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

43,735

53,808