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

COMPANY REGISTRATION NUMBER: 01532851

Neesham Farms Limited

Filleted Unaudited Financial Statements

For the year ended

30 September 2025

Neesham Farms Limited

Statement of Financial Position

30 September 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		2,166,961	2,049,509

Current assets

Stocks		661,998	640,897
Debtors	6	180,787	208,527
Investments	7	1,116,579	917,991
Cash at bank and in hand		–	237,628
		-------------	-------------
		1,959,364	2,005,043

Creditors: amounts falling due within one year	8	709,897		830,649
		-------------		-------------
Net current assets			1,249,467	1,174,394
			-------------	-------------
Total assets less current liabilities			3,416,428	3,223,903

Provisions

Taxation including deferred tax	264,026	211,607
	-------------	-------------
Net assets	3,152,402	3,012,296
	-------------	-------------

Neesham Farms Limited

Statement of Financial Position (continued)

30 September 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	16,500	16,500
Share premium account	173,970	173,970
Capital redemption reserve	1,000	1,000
Profit and loss account	2,960,932	2,820,826
	-------------	-------------
Shareholders funds	3,152,402	3,012,296
	-------------	-------------

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 .

These financial statements were approved by the board of directors and authorised for issue on 9 February 2026 , and are signed on behalf of the board by:

G H Neesham	M W Neesham
Director	Director

Company registration number: 01532851

Neesham 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 Manor Farm, Lissington, Lincoln, Lincolnshire, LN3 5AE.

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. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

The turnover shown in the profit and loss account represents work done during the year, exclusive of Value Added Tax.

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 that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more, tax. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation.

Tangible assets

All fixed assets are initially recorded at cost.

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:

Leasehold property	-	10% reducing balance
Tenants improvement	-	10% reducing balance
Plant and machinery	-	15%, 20% and 25% reducing balance
Solar Panels	-	5% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 6 (2024: 5 ).

5. Tangible assets

	Freehold property	Leasehold property	Tenants improvements	Plant and machinery	Solar Panels	Total
	£	£	£	£	£	£
Cost
At 1 Oct 2024	1,066,984	20,094	328,850	2,317,651	12,758	3,746,337
Additions	–	–	–	555,924	–	555,924
Disposals	–	–	–	( 431,085)	–	( 431,085)
	-------------	---------	----------	-------------	---------	-------------
At 30 Sep 2025	1,066,984	20,094	328,850	2,442,490	12,758	3,871,176
	-------------	---------	----------	-------------	---------	-------------
Depreciation
At 1 Oct 2024	–	16,202	212,101	1,467,249	1,276	1,696,828
Charge for the year	–	389	11,675	255,661	638	268,363
Disposals	–	–	–	( 260,976)	–	( 260,976)
	-------------	---------	----------	-------------	---------	-------------
At 30 Sep 2025	–	16,591	223,776	1,461,934	1,914	1,704,215
	-------------	---------	----------	-------------	---------	-------------
Carrying amount
At 30 Sep 2025	1,066,984	3,503	105,074	980,556	10,844	2,166,961
	-------------	---------	----------	-------------	---------	-------------
At 30 Sep 2024	1,066,984	3,892	116,749	850,402	11,482	2,049,509
	-------------	---------	----------	-------------	---------	-------------

Included in freehold property above is land which is not depreciated. The company applied the transitional arrangement of Section 35 of FRS 102 and used a previous valuation as the deemed cost for the freehold property.

Finance leases and hire purchase contracts

Included within the carrying value of tangible assets are the following amounts relating to assets held under finance leases or hire purchase agreements:

	Plant and machinery
	£
At 30 September 2025	586,063
	----------
At 30 September 2024	258,750
	----------

6. Debtors

	2025	2024
	£	£
Trade debtors	83,098	51,356
Other debtors	97,689	157,171
	----------	----------
	180,787	208,527
	----------	----------

7. Investments

	2025	2024
	£	£
Other investments	1,116,579	917,991
	-------------	----------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	249,966	–
Trade creditors	74,773	142,850
Corporation tax	34,734	414,981
Social security and other taxes	580	617
Other creditors	349,844	272,201
	----------	----------
	709,897	830,649
	----------	----------

The bank overdraft is secured on Manor Farm, Bracebridge Heath and other land at Lissington, Lincs.

Hire purchase liabilities are secured on the assets concerned.

9. Directors' advances, credits and guarantees

Included in other creditors are amounts owed to the director, Mr G.H. Neesham, of £101,619 (2024: £116,143), as well as amounts owed to the company by Mr M W Neesham of £25,906 (2024: £133,337).