REGISTERED NUMBER: 08773559 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Shed Field Growers Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

CG Norman

RL Norman

P Norman

SL Norman

REGISTERED OFFICE:

The Leen

Pembridge

Leominster

Herefordshire

HR6 9HN

REGISTERED NUMBER:

08773559 (England and Wales)

ACCOUNTANTS:

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of Income and Retained Earnings and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Shed Field Growers Ltd for the year ended 31 December 2025 which comprise the Statement of Income and Retained Earnings, Balance Sheet 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Shed Field Growers Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Shed Field Growers Ltd and state those matters that we have agreed to state to the Board of Directors of Shed Field Growers Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Shed Field Growers Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Shed Field Growers Ltd 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 Shed Field Growers Ltd. You consider that Shed Field Growers Ltd 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 Shed Field Growers Ltd. 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.

The Hutchinson Partnership Limited

trading as The Hutchinson Partnership

Chartered Accountants

The Bull Pen

Grove Farm

Portway, Burghill

Hereford

HR4 8NF

1 June 2026

FIXED ASSETS

Tangible assets

4

1,934,652

1,627,539

CURRENT ASSETS

Stocks

392,900

80,000

Debtors

5

374,518

410,515

Cash at bank

73,596

-

841,014

490,515

CREDITORS

Amounts falling due within one year

6

680,494

626,112

NET CURRENT ASSETS/(LIABILITIES)

160,520

(135,597

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,095,172

1,491,942

CREDITORS

Amounts falling due after more than one year

7

(936,484

)

(750,163

)

PROVISIONS FOR LIABILITIES

9

(159,147

)

(64,465

)

NET ASSETS

999,541

677,314

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

998,541

676,314

SHAREHOLDERS' FUNDS

999,541

677,314

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 26 May 2026 and were signed on its behalf by:

RL Norman - Director

1.	STATUTORY INFORMATION

Shed Field Growers Ltd 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 directors have considered the financial requirements of the company and consider that it will be able to operate within its agreed finance facilities for the next 12 months. The directors therefore consider it appropriate to prepare accounts on a going concern basis.

Turnover

Turnover represents broiler sales and renewable energy income, stated net of discounts, rebates, value added tax and other sales taxes.

The company recognises revenue when the significant risks and rewards of ownership have passed to the buyer, when the amount of revenue can be measured reliably, when it is probable that the economic benefits associated with the transaction will flow to the entity and when the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from services is recognised in the accounting periods in which the services are rendered.

The following criteria must be met before revenue is recognised:

Broiler sales are recognised when the chickens are collected from the farm.

Renewable energy income from electricity exported is recognised in the period the electricity is generated. Feed-in Tariff income is recognised in the period the energy to which the tariff relates is generated. Renewable Heat Incentive income is recognised in the period the heat is generated.

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.

Land and buildings

-

2% on cost and not provided

Improvements to property

-

4% on cost

Plant and machinery

-

20% on cost, 15% on reducing balance, 15% on cost, 10% on cost, 5% on cost and straight line over 9 years

Motor vehicles

-

25% on reducing balance and 20% on cost

Stocks

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

Included in stock are poultry valued at cost, these have not been depreciated as they have a useful life of less than one year.

Poultry are the only biological asset.

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 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.

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.

3.

EMPLOYEES

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

4.	TANGIBLE FIXED ASSETS

Improvements

Land and

to

Plant and

Motor

buildings

property

machinery

vehicles

Totals

£

£

£

£

£

COST

At 1 January 2025

323,898

849,343

3,823,370

50,850

5,047,461

Additions

-

29,654

439,134

942

469,730

Disposals

-

-

(1,483

)

-

(1,483

)

At 31 December 2025

323,898

878,997

4,261,021

51,792

5,515,708

DEPRECIATION

At 1 January 2025

30,990

348,728

3,007,067

33,137

3,419,922

Charge for year

3,874

35,160

118,658

4,664

162,356

Eliminated on disposal

-

-

(1,222

)

-

(1,222

)

At 31 December 2025

34,864

383,888

3,124,503

37,801

3,581,056

NET BOOK VALUE

At 31 December 2025

289,034

495,109

1,136,518

13,991

1,934,652

At 31 December 2024

292,908

500,615

816,303

17,713

1,627,539

Included in cost of land and buildings is freehold land of £ 130,210 (2024 - £ 130,210 ) which is not depreciated.

The net book value of tangible fixed assets includes £ 72,250 (2024 - £ 85,000 ) in respect of assets held under hire purchase contracts.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

49,286

144,007

Other debtors

42,222

41,740

VAT

17,959

21,664

Prepayments and accrued income

265,051

203,104

374,518

410,515

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

184,277

176,964

Hire purchase contracts

15,333

15,333

Trade creditors

346,821

131,572

Corporation Tax

64,536

162,473

Social security and other taxes

6,656

4,833

Other creditors

28

-

Directors' current accounts

2,195

2,478

Accruals and deferred income

60,648

132,459

680,494

626,112

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

263,039

163,651

Bank loans - 2-5 years

539,309

434,982

Bank loans - more than 5 years

122,636

124,697

Hire purchase contracts

11,500

26,833

936,484

750,163

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - more than 5 years

122,636

124,697

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,109,261

895,700

Hire purchase contracts

26,833

42,166

1,136,094

937,866

The loans are secured by a legal mortgage over the freehold property owned by the company and a fixed and floating charge over all of the assets owned by the company and legal mortgages over freehold property owned by the partners of The Norman Partnership.

Hire purchase liabilities are secured against the specific assets for which finance was raised.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Advanced capital allowances

159,147

64,465

Deferred

tax

£

Balance at 1 January 2025

64,465

Movement in year

94,682

Balance at 31 December 2025

159,147

10.	RELATED PARTY DISCLOSURES

Included in creditors due within one year are unsecured and interest free loans from directors totalling £2,195 (2024: £2,478).

Included within other debtors is a loan to a company under common control. At the year end the balance of the loan was £42,057 (2024: £41,031) and interest has been charged on the loan at 2.25% (2024: 2.25%) totalling £1,026 (2024: £903). This loan is unsecured and repayable on demand.

During the year the company made purchases of £543,823 (2024: £360,656) from a partnership that is under common control. Included in trade debtors is a balance of £NIL (2024: £3,996) in relation to this partnership and in other debtors is a balance of £165 (2024: £535). Included in trade creditors is a balance of £30,000 (2024: £62,069).

During the year the company made purchases of £63,819 (2024: £84,587) from a company that is under common control. The company also paid rent of £8,800 (2024: NIL) to this company. Sales of £26,401 (2024: £97,898) were made to this company. Included in trade debtors is a balance of £12,122 (2024: £5,862) and included in trade creditors is a balance of £32,799 (2024: £NIL) in relation to this company.