Caseware UK (AP4) 2025.0.111 2025.0.111 2026-01-31 2026-01-31 3 2025-02-01 false Farming 4 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07024257 2025-02-01 2026-01-31 07024257 2024-02-01 2025-01-31 07024257 2026-01-31 07024257 2025-01-31 07024257 c:Director1 2025-02-01 2026-01-31 07024257 c:Director3 2025-02-01 2026-01-31 07024257 c:Director4 2025-02-01 2026-01-31 07024257 c:RegisteredOffice 2025-02-01 2026-01-31 07024257 d:Buildings 2025-02-01 2026-01-31 07024257 d:Buildings 2026-01-31 07024257 d:Buildings 2025-01-31 07024257 d:Buildings d:OwnedOrFreeholdAssets 2025-02-01 2026-01-31 07024257 d:Buildings d:LongLeaseholdAssets 2025-02-01 2026-01-31 07024257 d:PlantMachinery 2025-02-01 2026-01-31 07024257 d:PlantMachinery 2026-01-31 07024257 d:PlantMachinery 2025-01-31 07024257 d:PlantMachinery d:OwnedOrFreeholdAssets 2025-02-01 2026-01-31 07024257 d:MotorVehicles 2025-02-01 2026-01-31 07024257 d:MotorVehicles 2026-01-31 07024257 d:MotorVehicles 2025-01-31 07024257 d:MotorVehicles d:OwnedOrFreeholdAssets 2025-02-01 2026-01-31 07024257 d:FurnitureFittings 2025-02-01 2026-01-31 07024257 d:FurnitureFittings 2026-01-31 07024257 d:FurnitureFittings 2025-01-31 07024257 d:FurnitureFittings d:OwnedOrFreeholdAssets 2025-02-01 2026-01-31 07024257 d:OwnedOrFreeholdAssets 2025-02-01 2026-01-31 07024257 d:CurrentFinancialInstruments 2026-01-31 07024257 d:CurrentFinancialInstruments 2025-01-31 07024257 d:Non-currentFinancialInstruments 2026-01-31 07024257 d:Non-currentFinancialInstruments 2025-01-31 07024257 d:Non-currentFinancialInstruments 1 2026-01-31 07024257 d:Non-currentFinancialInstruments 1 2025-01-31 07024257 d:CurrentFinancialInstruments d:WithinOneYear 2026-01-31 07024257 d:CurrentFinancialInstruments d:WithinOneYear 2025-01-31 07024257 d:Non-currentFinancialInstruments d:AfterOneYear 2026-01-31 07024257 d:Non-currentFinancialInstruments d:AfterOneYear 2025-01-31 07024257 d:ShareCapital 2026-01-31 07024257 d:ShareCapital 2025-01-31 07024257 d:RetainedEarningsAccumulatedLosses 2026-01-31 07024257 d:RetainedEarningsAccumulatedLosses 2025-01-31 07024257 c:OrdinaryShareClass1 2025-02-01 2026-01-31 07024257 c:OrdinaryShareClass1 2026-01-31 07024257 c:OrdinaryShareClass2 2025-02-01 2026-01-31 07024257 c:OrdinaryShareClass2 2026-01-31 07024257 c:OrdinaryShareClass3 2025-02-01 2026-01-31 07024257 c:OrdinaryShareClass3 2026-01-31 07024257 c:OrdinaryShareClass4 2025-02-01 2026-01-31 07024257 c:OrdinaryShareClass4 2026-01-31 07024257 c:PreferenceShareClass1 2025-02-01 2026-01-31 07024257 c:PreferenceShareClass1 2026-01-31 07024257 c:FRS102 2025-02-01 2026-01-31 07024257 c:AuditExemptWithAccountantsReport 2025-02-01 2026-01-31 07024257 c:FullAccounts 2025-02-01 2026-01-31 07024257 c:PrivateLimitedCompanyLtd 2025-02-01 2026-01-31 07024257 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2025-02-01 2026-01-31 07024257 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2026-01-31 07024257 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2025-01-31 07024257 d:AcceleratedTaxDepreciationDeferredTax 2026-01-31 07024257 d:AcceleratedTaxDepreciationDeferredTax 2025-01-31 07024257 2 2025-02-01 2026-01-31 07024257 6 2025-02-01 2026-01-31 07024257 f:PoundSterling 2025-02-01 2026-01-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07024257 HARMER FARMS LIMITED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
HARMER FARMS LIMITED COMPANY INFORMATION
Directors | T B Harmer
| C B Harmer
| A Howes
Registered number | 07024257
Registered office | 7 The Close
| Norwich
| Norfolk
| NR1 4DJ
Accountants | MA Partners LLP
| Chartered Accountants
| 7 The Close
| Norwich
| Norfolk
| NR1 4DJ
HARMER FARMS LIMITED CONTENTS
| Page
Accountants' report | 1
Balance sheet | 2 - 3
Notes to the financial statements | 4 - 10
HARMER FARMS LIMITED CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF HARMER FARMS LIMITED FOR THE YEAR ENDED 31 JANUARY 2026 In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Harmer Farms Limited for the year ended 31 January 2026 which comprise the 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 at https://www.icaew.com /regulation. This report is made solely to the Board of directors of Harmer Farms Limited, as a body, in accordance with the terms of our engagement letter dated 10 July 2025. Our work has been undertaken solely to prepare for your approval the financial statements of Harmer Farms Limited and state those matters that we have agreed to state to the Board of directors of Harmer Farms Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Harmer Farms Limited and its Board of directors, as a body, for our work or for this report. It is your duty to ensure that Harmer Farms Limited 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 loss of Harmer Farms Limited. You consider that Harmer Farms Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or review of the financial statements of Harmer Farms Limited. 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. MA Partners LLP Chartered Accountants 7 The Close Norwich Norfolk NR1 4DJ 22 June 2026 Page 1
HARMER FARMS LIMITED REGISTERED NUMBER: 07024257 BALANCE SHEET AS AT 31 JANUARY 2026
|  | 2026 |  | 2025
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 1,544,724 |  | 1,546,428
Investments | 5 |  | 50 |  | 50
|  |  | 1,544,774 |  | 1,546,478
Current assets |  |  |  |  |
Stocks | 6 | 201,517 |  | 220,554 |
Debtors: amounts falling due within one year | 7 | 106,562 |  | 84,214 |
Cash at bank and in hand |  | 147,837 |  | 208,657 |
|  | 455,916 |  | 513,425 |
Creditors: amounts falling due within one year | 8 | (367,907) |  | (351,687) |
Net current assets |  |  | 88,009 |  | 161,738
Total assets less current liabilities |  |  | 1,632,783 |  | 1,708,216
Creditors: amounts falling due after more than one year | 9 |  | (1,475,109) |  | (1,475,109)
Provisions for liabilities |  |  |  |  |
Deferred tax | 10 |  | (1,788) |  | (2,112)
Net assets |  |  | 155,886 |  | 230,995
Capital and reserves |  |  |  |  |
Called up share capital | 11 |  | 1,000 |  | 1,000
Profit and loss account |  |  | 154,886 |  | 229,995
|  |  | 155,886 |  | 230,995
Page 2
HARMER FARMS LIMITED REGISTERED NUMBER: 07024257 BALANCE SHEET (CONTINUED) AS AT 31 JANUARY 2026 The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 12 June 2026.
T B Harmer
Director
The notes on pages 4 to 10 form part of these financial statements. Page 3
HARMER FARMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
1. | General information
Harmer Farms Limited is a private company, limited by shares, incorporated and domiciled in England and Wales. The registered office is 7 The Close, Norwich, Norfolk NR1 4DJ. The principal place of business is Fakenham, Norfolk. The principal activity of the company continues to be that of farming. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Turnover
Turnover comprises revenue recognised by the company in respect of crops sold, work done, rents and grants receivable, exclusive of Value Added Tax. Revenue is recognised in the following manner:- ∙Crops sold - on physical delivery to the customer; ∙Work done - on completion of engagement; ∙Rents - amounts receivable in the year; ∙Grants income - in the year when the qualifying conditions entitling payment are met.
| 2.3 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.4 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.5 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred. Page 4
HARMER FARMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 2.Accounting policies (continued)
| 2.6 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
| 2.7 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on both a straight line, and reducing balance method. Depreciation is provided on the following basis:
|  |  |  | Land and buildings | - | Not depreciated
|  |  |  | Long-term leasehold land and buildings | - | 10% straight line
|  |  |  | Plant and equipment | - | 15% reducing balance
|  |  |  | Motor vehicles | - | 25% reducing balance
|  |  |  | Tractors | - | 15% reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.8 | Valuation of investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
| 2.9 | Stocks
Stocks and closing valuation for cultivations (work in progress) are valued at the lower of cost and net realisable value. Costs have been determined from cost of production calculations. Net realisable value represents estimated selling price for produce in store with values reduced in accordance with the guidance within H M Revenue & Customs help sheet HS232. Consumable stocks are valued at cost. Page 5
HARMER FARMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026 2.Accounting policies (continued)
| 2.10 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.11 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.12 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.13 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Dividends on shares recognised as liabilities are recognised as expenses and classified within interest payable.
3. | Employees
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2026 | 2025
|  |  | No. | No.
|  | Directors | 3 | 4
Page 6
HARMER FARMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
4. | Tangible fixed assets
|  | Land and buildings | Plant & machinery | Motor vehicles | Tractors | Total
|  | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |
| At 1 February 2025 | 1,535,335 | 60,465 | 19,122 | 22,000 | 1,636,922
| At 31 January 2026 | 1,535,335 | 60,465 | 19,122 | 22,000 | 1,636,922
| Depreciation |  |  |  |  |
| At 1 February 2025 | - | 51,662 | 18,755 | 20,077 | 90,494
| Charge for the year on owned assets | - | 1,324 | 92 | 288 | 1,704
| At 31 January 2026 | - | 52,986 | 18,847 | 20,365 | 92,198
| Net book value |  |  |  |  |
| At 31 January 2026 | 1,535,335 | 7,479 | 275 | 1,635 | 1,544,724
| At 31 January 2025 | 1,535,335 | 8,803 | 367 | 1,923 | 1,546,428
5. | Fixed asset investments
|  | Unlisted investments
|  | £
| Cost or valuation |
| At 1 February 2025 | 50
| At 31 January 2026 | 50
Page 7
HARMER FARMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
6. | Stocks
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Cultivations | 75,928 | 90,351
| Crops in store | 122,039 | 128,453
| Consumables | 3,550 | 1,750
|  | 201,517 | 220,554
7. | Debtors
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Trade debtors | 27,489 | 43,535
| Other debtors | 79,073 | 40,679
|  | 106,562 | 84,214
8. | Creditors: Amounts falling due within one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Trade creditors | 81,743 | 134,245
| Other taxation and social security | 1,218 | 6,108
| Other creditors | 270,470 | 196,289
| Accruals and deferred income | 14,476 | 15,045
|  | 367,907 | 351,687
Page 8
HARMER FARMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
9. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Bank loans | 925,109 | 925,109
| Share capital treated as debt | 550,000 | 550,000
|  | 1,475,109 | 1,475,109
| Security has been given on the bank loans by the company by way of a mortgage charge over the company property, and by the directors by way of personal guarantees.
| The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Repayable other than by instalments | 925,109 | 925,109
|  | 925,109 | 925,109
10. | Deferred taxation
|  | 2026
|  | £
| At beginning of year | (2,112)
| Charged to profit or loss | 324
| At end of year | (1,788)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Accelerated capital allowances | (1,788) | (2,112)
|  | (1,788) | (2,112)
Page 9
HARMER FARMS LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2026
11. | Share capital
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Shares classified as equity
|  | Allotted, called up and fully paid |  |
|  | 300 Ordinary A shares of £1.00 each | 300 | 300
|  | 200 Ordinary B shares of £1.00 each | 200 | 200
|  | 200 Ordinary C shares of £1.00 each | 200 | 200
|  | 300 Ordinary D shares of £1.00 each | 300 | 300
|  |  | 1,000 | 1,000
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Shares classified as debt
|  | Allotted, called up and fully paid |  |
|  | 550,000 Preference shares of £1.00 each | 550,000 | 550,000
12. | Related party transactions
| As at 31 January 2026 the company owed the directors £ 270,470 (2025 - £ 196,289). The loans are included within other creditors amounts falling due within 1 year in note 8 to the financial statements. They are interest free and repayable on demand.
Page 10