Quy Farms Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 01446123

Quy Farms Limited

Filleted Unaudited Financial Statements

For the year ended

30 September 2025

Quy Farms Limited

Statement of Financial Position

30 September 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5	2,494,876	2,510,874
Investments	6	120	120
		------------	------------
		2,494,996	2,510,994

Current assets

Stocks		338,090	376,244
Debtors	7	191,441	155,510
Cash at bank and in hand		3,626,672	3,418,148
		------------	------------
		4,156,203	3,949,902

Creditors: amounts falling due within one year	8	223,167		282,350
		------------		------------
Net current assets			3,933,036		3,667,552
			------------		------------
Total assets less current liabilities			6,428,032		6,178,546

Provisions

Taxation including deferred tax	13,719	17,719
	------------	------------
Net assets	6,414,313	6,160,827
	------------	------------

Capital and reserves

Called up share capital	20,000	20,000
Profit and loss account	6,394,313	6,140,827
	------------	------------
Shareholders funds	6,414,313	6,160,827
	------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Quy Farms Limited

Statement of Financial Position (continued)

30 September 2025

These financial statements were approved by the board of directors and authorised for issue on 4 June 2026 , and are signed on behalf of the board by:

A R Tompson

Director

Company registration number: 01446123

Quy Farms Limited

Notes to the Financial Statements

Year ended 30 September 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ground Floor, 3 Wellbrook Court, Girton, Cambridge, CB3 0NA.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Government grants

Government grants are recognised in the profit and loss account once there is reasonable assurance that the conditions attached to them will be complied with and the amounts received. On this basis delinked payments received for 2025 are recognised evenly over the calendar year.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land & Buildings	-	10% straight line
Plant & Machinery	-	25% reducing balance
Motor Vehicles	-	25% reducing balance

Freehold property is not depreciated.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Stocks

Stocks have been professionally valued on the following basis: Farm stocks, raw materials and consumable stores are valued at cost. Cost is based on purchase price. Cultivations are assessed using rates laid down by the Central Association of Agricultural Valuers to cover labour and machinery with other direct applications included at cost. Harvested crops are valued at the deemed cost method.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2024: 4 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Total
	£	£	£	£
Cost
At 1 October 2024	2,465,135	342,974	13,050	2,821,159
Additions	–	3,000	–	3,000
Disposals	–	( 1,546)	–	( 1,546)
	------------	---------	--------	------------
At 30 September 2025	2,465,135	344,428	13,050	2,822,613
	------------	---------	--------	------------
Depreciation
At 1 October 2024	25,135	277,572	7,578	310,285
Charge for the year	–	16,538	1,368	17,906
Disposals	–	( 454)	–	( 454)
	------------	---------	--------	------------
At 30 September 2025	25,135	293,656	8,946	327,737
	------------	---------	--------	------------
Carrying amount
At 30 September 2025	2,440,000	50,772	4,104	2,494,876
	------------	---------	--------	------------
At 30 September 2024	2,440,000	65,402	5,472	2,510,874
	------------	---------	--------	------------

Land and buildings includes investment property at a historical cost of £2,750,307 (2024: £2,750,307).

6. Investments

	Other investments other than loans
	£
Cost
At 1 October 2024 and 30 September 2025	120
	----
Impairment
At 1 October 2024 and 30 September 2025	–
	----

Carrying amount
At 30 September 2025	120
	----
At 30 September 2024	120
	----

7. Debtors

	2025	2024
	£	£
Trade debtors	61,916	73,456
Other debtors	129,525	82,054
	---------	---------
	191,441	155,510
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	70,706	101,635
Social security and other taxes	89,369	111,563
Other creditors	63,092	69,152
	---------	---------
	223,167	282,350
	---------	---------

9. Other financial commitments

The total operating lease commitment at the balance sheet date was £ 72,860 (2024: £ 76,860 ).