NORTHWOODS FARMING LTD


Director	FELL, Stephen Charles Rudston


Company Secretary	FELL, Dorothy Anne


Registered Address	West Grange
	Thorganby
	York
	YO19 6DJ


Registered Number	04703319 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. 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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Tractors are included within plant and machinery and have been depreciated on a reducing balance basis at 15% all other depreciation is provided on tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

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 disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Tractors are included within plant and machinery and have been depreciated on a reducing balance basis at 15% all other depreciation is provided on tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	25
Plant and machinery	25	-
Vehicles	25	-
Office Equipment	20	-

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

	Stocks and work in progress
	Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		3

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 January 25	970,721	46,195	1,550	-	1,018,466
Additions	-	362,039	44,000	1,133	407,172
Disposals	-	-	(600)	-	(600)
At 31 December 25	970,721	408,234	44,950	1,133	1,425,038
Depreciation and impairment
At 01 January 25	309,179	36,075	1,028	-	346,282
Charge for year	38,829	39,923	10,978	161	89,891
On disposals	-	-	(490)	-	(490)
At 31 December 25	348,008	75,998	11,516	161	435,683
Net book value
At 31 December 25	622,713	332,236	33,434	972	989,355
At 31 December 24	661,542	10,120	522	-	672,184

4.	Stocks

	2025	2024
	£	£
Raw materials and consumables	-	136,822
Total	-	136,822

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	44,364	30,869
Other debtors	258,643	345,366
Prepayments and accrued income	4,880	4,497
Total	307,887	380,732


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	23,641	49,665
Bank borrowings and overdrafts	130,271	298,347
Taxation and social security	74,715	117,766
Finance lease and HP contracts	45,193	-
Other creditors	20,487	19,531
Accrued liabilities and deferred income	2,215	2,051
Total	296,522	487,360


	Bank borrowing and overdrafts are secured on fixed and floating charge over the assets of the company. Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Bank borrowing and overdrafts are secured on fixed and floating charge over the assets of the company.

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	150,936	282,518
Other creditors	77,720	-
Total	228,656	282,518


	Bank borrowing and overdrafts are secured on fixed and floating charge over the assets of the company.

8.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	122,913		-

9.	Provisions for liabilities
	The provision for deferred tax is made up of £108,000 in respect of accelerated capital allowances.

	2025	2024
	£	£
Net deferred tax liability (asset)	108,000	75,800
Total	108,000	75,800

10.	Directors advances, credits and guarantees
	On 1 January 2025 a Director owed the Company £1,000. There were no advances or repayments during the year. At 31 December 2025 this Director owed the Company £1,000. No interest was charged on this loan. The loan is repayable on demand.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		989,355		672,184
			989,355		672,184
Current assets
Stocks	4	-		136,822
Debtors	5	307,887		380,732
Cash at bank and on hand		206,413		61,563
		514,300		579,117
Creditors amounts falling due within one year	6	(296,522)		(487,360)
Net current assets (liabilities)			217,778		91,757
Total assets less current liabilities			1,207,133		763,941
Creditors amounts falling due after one year	7		(228,656)		(282,518)
Provisions for liabilities	9		(108,000)		(75,800)
Net assets			870,477		405,623
Capital and reserves
Called up share capital			1,000		1,000
Profit and loss account			869,477		404,623
Shareholders' funds			870,477		405,623