| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 |
| FOR |
| HARRISON FARMS (KILHAM) LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025 |
| FOR |
| HARRISON FARMS (KILHAM) LIMITED |
| HARRISON FARMS (KILHAM) LIMITED (REGISTERED NUMBER: 04661087) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 30 September 2025 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 4 |
| HARRISON FARMS (KILHAM) LIMITED |
| COMPANY INFORMATION |
| for the year ended 30 September 2025 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| HARRISON FARMS (KILHAM) LIMITED (REGISTERED NUMBER: 04661087) |
| STATEMENT OF FINANCIAL POSITION |
| 30 September 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Inventories |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 8 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| HARRISON FARMS (KILHAM) LIMITED (REGISTERED NUMBER: 04661087) |
| STATEMENT OF FINANCIAL POSITION - continued |
| 30 September 2025 |
| 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 were approved by the Board of Directors and authorised for issue on |
| HARRISON FARMS (KILHAM) LIMITED (REGISTERED NUMBER: 04661087) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 30 September 2025 |
| 1. | STATUTORY INFORMATION |
| Harrison Farms (Kilham) Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Going concern |
| The company has a net asset position and a healthy bank position and the directors are satisfied that there are sufficient resources in place to continue operating for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements. |
| Significant judgements and estimates |
| In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates. |
| Critical judgements in applying the company's policies |
| No significant judgements have had to be made by management in preparing these financial statements. |
| Critical accounting estimates and assumptions |
| The directors do not consider that any estimates or assumptions used in the preparation of these financial statements have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. |
| Revenue |
| Revenue represents goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration. |
| Property, plant and equipment |
| Items of property, plant and equipment are initially measured at cost. After initial recognition items of property, plant and equipment are measured at cost less any accumulated depreciation and any accumulated impairment losses. |
| Depreciation is provided at the following annual rates in order to write off the cost of each asset overs its estimated useful life. |
| Freehold property | - 2% straight line basis excluding land |
| Leasehold land and buildings | - 4% straight line basis |
| Plant and machinery | - 15% reducing balance basis |
| Fixtures and fittings | - 20% reducing balance basis |
| Motor vehicles | - 25% and 15% reducing balance basis |
| Inventories |
| Biological assets, agricultural produce and other inventories are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct material, and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. |
| HARRISON FARMS (KILHAM) LIMITED (REGISTERED NUMBER: 04661087) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 September 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans to related parties. |
| Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. |
| Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred. |
| Pension costs and other post-retirement benefits |
| Payments to defined contribution pension schemes are charged as an expense in the period to which they relate. |
| Fixed asset investments |
| Fixed asset investments are initially measured at cost. After initial recognition fixed asset investments are measured at fair value with changes in fair value recognised in the income statement. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| HARRISON FARMS (KILHAM) LIMITED (REGISTERED NUMBER: 04661087) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 September 2025 |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Leasehold | Assets |
| Freehold | land and | under |
| property | buildings | construction |
| £ | £ | £ |
| COST |
| At 1 October 2024 |
| Additions |
| Disposals |
| At 30 September 2025 |
| DEPRECIATION |
| At 1 October 2024 |
| Charge for year |
| Eliminated on disposal |
| At 30 September 2025 |
| NET BOOK VALUE |
| At 30 September 2025 |
| At 30 September 2024 |
| Plant and | Motor |
| machinery | vehicles | Totals |
| £ | £ | £ |
| COST |
| At 1 October 2024 |
| Additions |
| Disposals | ( |
) | ( |
) | ( |
) |
| At 30 September 2025 |
| DEPRECIATION |
| At 1 October 2024 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) | ( |
) |
| At 30 September 2025 |
| NET BOOK VALUE |
| At 30 September 2025 |
| At 30 September 2024 |
| Included in cost of land and buildings is freehold land of £ 5,060,717 (2024 - £ 5,060,717 ) which is not depreciated. |
| The net book value of property, plant and equipment includes £655,805 (2024 £697,992) in respect of assets held under hire purchase contracts. |
| HARRISON FARMS (KILHAM) LIMITED (REGISTERED NUMBER: 04661087) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 September 2025 |
| 5. | FIXED ASSET INVESTMENTS |
| Other |
| investments |
| £ |
| COST |
| At 1 October 2024 |
| and 30 September 2025 |
| NET BOOK VALUE |
| At 30 September 2025 |
| At 30 September 2024 |
| 6. | DEBTORS |
| 2025 | 2024 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Hire purchase contracts |
| Other creditors |
| HARRISON FARMS (KILHAM) LIMITED (REGISTERED NUMBER: 04661087) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 30 September 2025 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| Hire purchase contracts | 199,734 | 167,395 |
| Bank loans are secured by way of fixed and floating charges over the company's assets together with a mortgage over certain land and property owned by the company. |
| Finance lease and hire purchase liabilities are secured on the underlying assets. |
| 10. | OTHER FINANCIAL COMMITMENTS |
| At the year end the company had commitments under non-cancellable operating leases of £290,208 (2024 - £377,802). |
| 11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The directors operate a loan account with the company which is repayable on demand. The following advances and credits subsisted during the years ended 2025 and 2024: |
| 2025 | 2024 |
| £ | £ |
| Balance outstanding at start of year | 8,390 | - |
| Amounts advanced | 59,710 | 38,526 |
| Amounts repaid | (54,237 | ) | (30,136 | ) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year | 13,863 | 8,390 |
| Interest has been charged at the HMRC beneficial loan rate whilst overdrawn. |
| 12. | RELATED PARTY DISCLOSURES |
| The company paid rent to the directors in the sum of £114,000 (2024 £114,000). There were no amounts outstanding at the year end. |
| The directors have made interest free loans to the company. The amount owed to them at the year end was £458,263 (2024 - £164,427). |