Billington Farming Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08348811 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

BILLINGTON FARMING LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

16,468

23,108

Tangible assets

5

1,299,591

1,189,309

Investments

6

1

1,316,060

1,212,418

CURRENT ASSETS

Stocks

344,375

254,878

Debtors

7

229,370

189,873

Cash at bank and in hand

461,249

335,855

1,034,994

780,606

CREDITORS

Amounts falling due within one year

8

609,825

574,581

NET CURRENT ASSETS

425,169

206,025

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,741,229

1,418,443

PROVISIONS FOR LIABILITIES

116,173

109,165

NET ASSETS

1,625,056

1,309,278

CAPITAL AND RESERVES

Called up share capital

9

100

Retained earnings

1,624,956

1,309,178

SHAREHOLDERS' FUNDS

1,625,056

1,309,278

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 December 2025 and were signed on its behalf by:

D Billington - Director

Mrs J A Billington - Director

P D Billington - Director

1.	STATUTORY INFORMATION

Billington Farming Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08348811

Registered office:

Broad Oak Farm

Siddington

Macclesfield

Cheshire

SK11 9JR

The presentation currency of the financial statements is the Pound Sterling (£).

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.

TANGIBLE FIXED ASSETS

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

Plant and machinery

-

10% on reducing balance

Tractors

-

15% 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.

FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statement when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors , bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost 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 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.

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 NIL (2024 - 5 ).

4.	INTANGIBLE FIXED ASSETS

Entitlement

£

COST

At 1 October 2024

and 30 September 2025

39,840

AMORTISATION

At 1 October 2024

16,732

Amortisation for year

6,640

At 30 September 2025

23,372

NET BOOK VALUE

At 30 September 2025

16,468

At 30 September 2024

23,108

5.	TANGIBLE FIXED ASSETS

First

Milk

Herd

Investment

quota

account

£

COST

At 1 October 2024

-

2,428

752,650

Additions

51,049

-

31,200

Disposals

-

At 30 September 2025

51,049

2,428

783,850

DEPRECIATION

At 1 October 2024

-

2,428

-

Charge for year

-

Eliminated on disposal

-

At 30 September 2025

-

2,428

-

NET BOOK VALUE

At 30 September 2025

51,049

-

783,850

At 30 September 2024

-

752,650

Plant and

machinery

Tractors

Totals

£

COST

At 1 October 2024

496,851

132,500

1,384,429

Additions

119,000

-

201,249

Disposals

(47,200

)

-

(47,200

)

At 30 September 2025

568,651

132,500

1,538,478

DEPRECIATION

At 1 October 2024

148,860

43,832

195,120

Charge for year

43,258

13,300

56,558

Eliminated on disposal

(12,791

)

-

(12,791

)

At 30 September 2025

179,327

57,132

238,887

NET BOOK VALUE

At 30 September 2025

389,324

75,368

1,299,591

At 30 September 2024

347,991

88,668

1,189,309

6.	FIXED ASSET INVESTMENTS

Other

investment

£

COST

At 1 October 2024

and 30 September 2025

1

NET BOOK VALUE

At 30 September 2025

1

At 30 September 2024

1

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Trade debtors

203,490

184,447

Other debtors

25,880

5,426

229,370

189,873

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

Hire purchase contracts

-

1,266

Trade creditors

58,908

49,993

Taxation and social security

150,464

127,851

Other creditors

400,453

395,471

609,825

574,581

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.25

30.9.24

value:

£

100

Ordinary

£1

100