Registration number: 05971423

Messrs Holliday Limited

Contents

Accountants' Report	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	4

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Messrs Holliday Limited
for the Year Ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Messrs Holliday Limited for the year ended 31 December 2025 as set out on pages 2 to 10 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 http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Messrs Holliday Limited, as a body, in accordance with the terms of our engagement letter dated 9 May 2023. Our work has been undertaken solely to prepare for your approval the accounts of Messrs Holliday Limited and state those matters that we have agreed to state to the Board of Directors of Messrs Holliday Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Messrs Holliday Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Messrs Holliday Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Messrs Holliday Limited. You consider that Messrs Holliday Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Messrs Holliday 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 accounts.

Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

4 August 2026

Messrs Holliday Limited

(Registration number: 05971423)
Balance Sheet as at 31 December 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	5	910,515	920,462
Current assets
Stocks		289,096	259,032
Debtors	6	257,090	165,529
Cash at bank and in hand		5,683	-
		551,869	424,561
Creditors: Amounts falling due within one year	7	(222,499)	(179,601)
Net current assets		329,370	244,960
Total assets less current liabilities		1,239,885	1,165,422
Creditors: Amounts falling due after more than one year	7	(3,554)	(9,263)
Provisions for liabilities		(173,215)	(173,349)
Net assets		1,063,116	982,810
Capital and reserves
Allotted, called up and fully paid share capital		100	100
Profit and loss account		1,063,016	982,710
Total equity		1,063,116	982,810

Messrs Holliday Limited

(Registration number: 05971423)
Balance Sheet as at 31 December 2025 (continued)

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 4 August 2026
 

.........................................

J J Holliday

Director

.........................................

M E Holliday

Company secretary

Messrs Holliday Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
New Bampton Farm
Biglands
WIGTON
CA7 0PF

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

Government grants

Government grants such as the basic payment scheme are included in the profit and loss account when all the necessary conditions for receipt have been met.

Other grants
Other grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets on a basis consistent with the depreciation policy.

Basic payment scheme

The amount paid in connection with the purchase of the basic payment scheme entitlement was amortised over the useful economic life of that entitlement, and has now been fully amortised.

Messrs Holliday Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Land and buildings	25 year straight line basis
Plant and equipment	10% reducing balance and 3 year straight line basis

Land and buildings relate to tenants improvements on land leased by the company from the director. As the long term intention is for the farming operation to continue, it is deemed a true and fair view to depreciate the assets at 25 years straight line over their useful economic life, and not the duration of the lease.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Messrs Holliday Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

Stocks

Trading stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. The cost of livestock represents the purchase cost plus any additional costs of rearing the animal. Net realisable value is based on selling price less anticipated selling costs. Crop stock is valued at fair value less any anticipated costs to sell.

Herd stock is included in the balance sheet at the original cost of the herd adjusted annually for additions to, or disposals from the herd.

Additions to the herd are included at cost except where there is a reinstatement of disposals to the herd from the prior year. In this case they are reinstated at the prior year disposal value.

Disposals to the herd are disposed of at an average cost except where there have been additions to the herd in the prior year. In this case they are disposed of on a last in first out basis.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Messrs Holliday Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2024 - 2).

4	Intangible assets

	Basic payment scheme  £	Total £
Cost or valuation
At 1 January 2025	70,213	70,213
At 31 December 2025	70,213	70,213
Amortisation
At 1 January 2025	70,213	70,213
At 31 December 2025	70,213	70,213
Carrying amount
At 31 December 2025	-	-
At 31 December 2024	-	-

5	Tangible assets

	Land and buildings £	Plant and equipment  £	Total £
Cost or valuation
At 1 January 2025	245,444	1,339,444	1,584,888
Additions	-	94,569	94,569
Disposals	-	(41,250)	(41,250)
At 31 December 2025	245,444	1,392,763	1,638,207
Depreciation
At 1 January 2025	43,286	621,140	664,426
Charge for the year	9,816	75,061	84,877
Eliminated on disposal	-	(21,611)	(21,611)
At 31 December 2025	53,102	674,590	727,692
Carrying amount
At 31 December 2025	192,342	718,173	910,515
At 31 December 2024	202,158	718,304	920,462

Messrs Holliday Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

6

Debtors

	2025 £	2024 £
Trade debtors	63,904	61,316
Other debtors	193,186	104,213
	257,090	165,529

7

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	5,292	24,525
Trade creditors		151,245	103,708
Taxation and social security		529	236
Corporation tax liability		51,081	38,741
Other creditors		14,352	12,391
		222,499	179,601
Due after one year
Loans and borrowings	8	-	5,292
Other creditors		3,554	3,971
		3,554	9,263

Messrs Holliday Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025 (continued)

8	Loans and borrowings

	2025 £	2024 £
Current loans and borrowings
Bank borrowings	5,292	10,375
Bank overdrafts	-	14,150
	5,292	24,525

Current loans and borrowings includes the following liabilities, on which security has been given by the company:

	2025 £	2024 £
Bank borrowings	5,292	10,375
Bank overdrafts	-	14,150
	5,292	24,525

Bank borrowings are secured by fixed and floating charges over the company's assets.

Bank overdrafts are secured by fixed and floating charges over the company's assets.