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Company Registration No. 00929073 (England and Wales)
A.G. Howick (Farmers) Limited Unaudited accounts for the year ended 31 July 2025
A.G. Howick (Farmers) Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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A.G. Howick (Farmers) Limited Company Information for the year ended 31 July 2025
Directors
Mr D G Howick Mr P A Howick Mr N D Howick Mr M D Howick
Secretary
Mr P A Howick
Company Number
00929073 (England and Wales)
Registered Office
Fairholme Farm Moor Lane Gotham Nottingham NG11 0LH
Accountants
Litchfield Financial Services Ltd 1 Gladstone Avenue Gotham Nottingham NG11 0HN
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A.G. Howick (Farmers) Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
552,822
541,965
Current assets
Inventories
159,975
190,633
Debtors
5
50,050
79,355
Investments
6
20
20
Cash at bank and in hand
115,871
65,033
325,916
335,041
Creditors: amounts falling due within one year
7
(203,906)
(186,246)
Net current assets
122,010
148,795
Total assets less current liabilities
674,832
690,760
Creditors: amounts falling due after more than one year
8
-
(57,050)
Net assets
674,832
633,710
Capital and reserves
Called up share capital
9
21,000
21,000
Profit and loss account
653,832
612,710
Shareholders' funds
674,832
633,710
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2026 and were signed on its behalf by
Mr P A Howick Director Company Registration No. 00929073
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A.G. Howick (Farmers) Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
A.G. Howick (Farmers) Limited is a private company, limited by shares, registered in England and Wales, registration number 00929073. The registered office is Fairholme Farm, Moor Lane, Gotham, Nottingham, NG11 0LH.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. The gain or loss arsing on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% on cost
Plant & machinery
20% on cost
Motor vehicles
25% on cost
Computer equipment
20% on cost
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion. Stocks held for distribution at no or nominal consideration are measured at the lower of replacement cost and cost, adjusted where applicable for any loss of service potential. At each reporting date , an assessment is made for impairment . Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit and loss. Reversals of impairment losses are also recognised in the profit or loss.
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A.G. Howick (Farmers) Limited Notes to the Accounts for the year ended 31 July 2025
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Valuation
The valuation of live and dead farming stock and tenantright is carried out by professional valuers , Messrs Shouler and Son. The basis of valuation is deemed cost in respect of harvested crops whilst stocks of fertiliser, spray etc are valued at the lower of cost and net realisable value. Livestock is valued at 75% of market value . Tenantright represents the estimated cost of production of crops currently growing.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2024
584,347
608,403
164,563
8,283
1,365,596
Additions
-
53,500
-
-
53,500
At 31 July 2025
584,347
661,903
164,563
8,283
1,419,096
Depreciation
At 1 August 2024
141,759
523,069
152,185
6,618
823,631
Charge for the year
4,425
34,708
3,094
416
42,643
At 31 July 2025
146,184
557,777
155,279
7,034
866,274
Net book value
At 31 July 2025
438,163
104,126
9,284
1,249
552,822
At 31 July 2024
442,588
85,334
12,378
1,665
541,965
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A.G. Howick (Farmers) Limited Notes to the Accounts for the year ended 31 July 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
10,077
24,507
Trade debtors
39,973
54,848
50,050
79,355
6
Investments held as current assets
2025
2024
£
£
Unlisted investments
20
20
The directors consider that the carrying amounts of financial assets carried at amortised cost in the financial statements approximate to their fair values.
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
74,310
52,015
Taxes and social security
9,206
9,206
Loans from directors
80,282
90,502
Accruals
40,108
34,523
203,906
186,246
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
-
57,050
9
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
21,000 Ordinary shares of £1 each
21,000
21,000
10
Transactions with related parties
During the year dividends were paid to Mr A W Howick of £Nil (2024 - £Nil) and to Mr D G Howick of £Nil (2024 - £Nil) Included in other creditors are amounts due to Mr A W Howick of £ 13,900 (2024 - £13,900) and Mr D G Howick £97,300 (2024- £107,300). Interest is charged on the loans at 2.5% per annum.
11
Average number of employees
During the year the average number of employees was 14 (2024: 14).
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