Trumpington Farm Company Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00590681

Trumpington Farm Company Limited

Filleted Unaudited Financial Statements

31 March 2025

Trumpington Farm Company Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	4	2,278,968	1,652,021
Investments	5	124	123
		------------	------------
		2,279,092	1,652,144

Current assets

Stocks		944,517	1,093,654
Debtors	6	1,000,546	711,865
Cash at bank and in hand		167,378	329,859
		------------	------------
		2,112,441	2,135,378

Creditors: amounts falling due within one year	7	2,021,981		2,950,602
		------------		------------
Net current assets/(liabilities)			90,460	( 815,224)
			------------	------------
Total assets less current liabilities			2,369,552	836,920

Creditors: amounts falling due after more than one year	8		117,024	169,495

Provisions

Taxation including deferred tax	( 212,908)	( 134,025)
	------------	---------
Net assets	2,465,436	801,450
	------------	---------

Capital and reserves

Called up share capital	10	300,000	221,500
Share premium account		972	972
Profit and loss account		2,164,464	578,978
		------------	---------
Shareholders funds		2,465,436	801,450
		------------	---------

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 comprehensive income has not been delivered.

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Trumpington Farm Company Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 April 2026 , and are signed on behalf of the board by:

R F A Pemberton
Director

Company registration number: 00590681

Trumpington Farm Company Limited

Accounting Policies

Year ended 31 March 2025

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and 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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership 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.

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Farm improvements	-	10% straight line
Machinery and plant	-	12.5% or 20% straight line or 15% reducing balance
Leased assets	-	15% reducing balance

Investments

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

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

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.

Trumpington Farm Company Limited

Notes to the Financial Statements

Year ended 31 March 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 Cantelupe Farm, Haslingfield, Cambridge, CB23 1LY.

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. Employee numbers

The average number of persons employed by the company during the year amounted to 12 (2024: 12 ).

4. Tangible assets

	Farm improvements	Machinery and plant	Total
	£	£	£
Cost
At 1 April 2024	210,091	2,943,790	3,153,881
Additions	27,170	867,092	894,262
Disposals	–	( 25,775)	( 25,775)
	---------	------------	------------
At 31 March 2025	237,261	3,785,107	4,022,368
	---------	------------	------------
Depreciation
At 1 April 2024	79,388	1,422,472	1,501,860
Charge for the year	11,302	244,913	256,215
Disposals	–	( 14,675)	( 14,675)
	---------	------------	------------
At 31 March 2025	90,690	1,652,710	1,743,400
	---------	------------	------------
Carrying amount
At 31 March 2025	146,571	2,132,397	2,278,968
	---------	------------	------------
At 31 March 2024	130,703	1,521,318	1,652,021
	---------	------------	------------

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:

	Leased assets
	£
At 31 March 2025	1,231,523
	------------
At 31 March 2024	762,286
	------------

5. Investments

	Shares in group undertakings	Other investments other than loans	Total
	£	£	£
Cost
At 1 April 2024	–	123	123
Additions	78,500	–	78,500
	--------	----	--------
At 31 March 2025	78,500	123	78,623
	--------	----	--------
Impairment
At 1 April 2024	–	–	–
Impairment losses	78,499	–	78,499
	--------	----	--------
At 31 March 2025	78,499	–	78,499
	--------	----	--------

Carrying amount
At 31 March 2025	1	123	124
	--------	----	--------
At 31 March 2024	–	123	123
	--------	----	--------

6. Debtors

	2025	2024
	£	£
Trade debtors	332,394	71,800
Other debtors	668,152	640,065
	------------	---------
	1,000,546	711,865
	------------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	802,238	919,490
Social security and other taxes	10,396	18,853
Other creditors	1,209,347	2,012,259
	------------	------------
	2,021,981	2,950,602
	------------	------------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	117,024	169,495
	---------	---------

9. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	( 212,908)	( 134,025)
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	512,667	361,574
Unused tax losses	( 725,104)	( 495,128)
Deferred tax - short term timing differences	( 471)	( 471)
	---------	---------
	(212,908)	(134,025)
	---------	---------

10. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
'A' Ordinary shares of £ 1 each	300,000	300,000	36,500	36,500
'B' Ordinary shares of £ 1 each	–	–	185,000	185,000
	---------	---------	---------	---------
	300,000	300,000	221,500	221,500
	---------	---------	---------	---------

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
'A' Ordinary shares of £ 1 each	300,000	300,000	36,500	36,500
'B' Ordinary shares of £ 1 each	–	–	185,000	185,000
	---------	---------	---------	---------
	300,000	300,000	221,500	221,500
	---------	---------	---------	---------

11. Director's advances, credits and guarantees

During the year, the director made increase the loan to the Company of £40. The loan is repayable on demand. At 31 March 2025: Amount outstanding £176,490 The loan is included in other creditors.

12. Related party transactions

There are no transactions with related parties during the year that require disclosure.

13. Ultimate controlling party

The ultimate controlling party is R F A Pemberton .