REGISTERED NUMBER: 04501456 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

HBH (FARMING) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

E G Hildred

T E Bishop

M R Goodenough

SECRETARY:

E G Hildred

REGISTERED OFFICE:

Two Brewers House

50 North Street

Thame

Oxfordshire

OX9 3BH

REGISTERED NUMBER:

04501456 (England and Wales)

ACCOUNTANTS:

Martin and Company

Two Brewers House

50 North Street

Thame

Oxfordshire

OX9 3BH

FIXED ASSETS

Intangible assets

4

-

7,216

Tangible assets

5

1,551,021

1,643,636

Investments

6

1,275

1,275

1,552,296

1,652,127

CURRENT ASSETS

Stocks

185,366

128,042

Debtors

7

389,590

191,730

574,956

319,772

CREDITORS

Amounts falling due within one year

8

755,349

566,182

NET CURRENT LIABILITIES

(180,393

)

(246,410

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,371,903

1,405,717

CREDITORS

Amounts falling due after more than one year

9

(823,266

)

(884,748

)

PROVISIONS FOR LIABILITIES

(187,165

)

(178,444

)

NET ASSETS

361,472

342,525

CAPITAL AND RESERVES

Called up share capital

80

80

Capital redemption reserve

48

48

Retained earnings

361,344

342,397

SHAREHOLDERS' FUNDS

361,472

342,525

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by:

E G Hildred - Director

T E Bishop - Director

M R Goodenough - Director

1.	STATUTORY INFORMATION

HBH (Farming) 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.

Turnover

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

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.

Entitlements are being amortised evenly over their estimated useful life of six years.

Assigned tenancies have been fully amortised in the current year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

at variable rates on reducing balance

Tractors and combines

-

at variable rates on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Entitlements

£

COST

At 1 September 2024

14,431

Disposals

(14,431

)

At 31 August 2025

-

AMORTISATION

At 1 September 2024

7,215

Eliminated on disposal

(7,215

)

At 31 August 2025

-

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

7,216

5.	TANGIBLE FIXED ASSETS

Tractors

Plant and

and

Motor

machinery

combines

vehicles

Totals

£

£

£

£

COST

At 1 September 2024

640,705

1,985,652

49,000

2,675,357

Additions

2,200

203,862

-

206,062

Disposals

-

(175,000

)

-

(175,000

)

At 31 August 2025

642,905

2,014,514

49,000

2,706,419

DEPRECIATION

At 1 September 2024

385,156

624,128

22,437

1,031,721

Charge for year

45,106

191,340

5,313

241,759

Eliminated on disposal

-

(118,082

)

-

(118,082

)

At 31 August 2025

430,262

697,386

27,750

1,155,398

NET BOOK VALUE

At 31 August 2025

212,643

1,317,128

21,250

1,551,021

At 31 August 2024

255,549

1,361,524

26,563

1,643,636

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Tractors

Plant and

and

Motor

machinery

combines

vehicles

Totals

£

£

£

£

COST

At 1 September 2024

257,274

1,894,505

29,000

2,180,779

Additions

-

203,862

-

203,862

Disposals

-

(175,000

)

-

(175,000

)

At 31 August 2025

257,274

1,923,367

29,000

2,209,641

DEPRECIATION

At 1 September 2024

113,617

557,492

8,893

680,002

Charge for year

25,140

187,051

4,021

216,212

Eliminated on disposal

-

(118,082

)

-

(118,082

)

At 31 August 2025

138,757

626,461

12,914

778,132

NET BOOK VALUE

At 31 August 2025

118,517

1,296,906

16,086

1,431,509

At 31 August 2024

143,657

1,337,013

20,107

1,500,777

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2024

and 31 August 2025

1,275

NET BOOK VALUE

At 31 August 2025

1,275

At 31 August 2024

1,275

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

273,262

69,833

Other debtors

107,693

116,494

VAT

531

2,009

Prepayments and accrued income

8,104

3,394

389,590

191,730

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans and overdrafts

68,494

66,526

Hire purchase contracts

349,028

322,845

Trade creditors

306,416

137,620

Social security and other taxes

11,225

7,494

Other creditors

872

872

Accrued expenses

19,314

30,825

755,349

566,182

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans - 1-2 years

-

8,333

Loan - The Hildred Partnership

64,167

64,167

Other loans

545,500

350,000

Hire purchase contracts

213,599

462,248

823,266

884,748

10.	RELATED PARTY DISCLOSURES

The Hildred Partnership

During the period to 31st August 2025 a loan was outstanding from The Hildred Partnership to the company to assist with working capital requirements. The balance as at 31st August 2024 was £64,167 (2024: £64,167).

The company also charged The Hildred Partnership £266,423 (2024: £170,469) for contract work undertaken. As at 31st August 2025 the company is owed trade debtors of £27,667 (2024: £27,667) and owes trade creditors of £55,120 (2024: £55,120).

E G Hildred

A Director in the company

During the year to 31st August 2025 a loan was outstanding from Mr E G Hildred. The balance as at 31st August 2025 was £545,500 (2024: £350,000).

Mr E G Hildred charged the company interest on this loan of £15,190 (2024: £10,220).

11.	ULTIMATE CONTROLLING PARTY

In the opinion of the Board of Directors, the company is controlled by the family members of the The Hildred Partnership.