GRANGE FARM EGGS LTD


Directors	MORRISON, Gillian Ann
	MORRISON, Kenneth
	MORRISON, Martin William


Company Secretary	MORRISON, Gillian


Registered Address	Grange Farm
	Hornby
	Northallerton
	DL6 2HF


Registered Number	07218159 (England and Wales)

Notes to the Financial Statements
for the period ended 31 March 2026

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. Turnover from the sale of goods is recognising when the significant risks and rewards of ownership of the goods have transferred to the buyer.

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.

Turnover from the sale of goods is recognising 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.

	Finance costs
	Finance costs charged to the profit or loss include interest expense calculated using the effective interest method, finance charges on finance leases, and exchange differences on foreign currency borrowings where these are treated as an adjustment to interest costs.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement

	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 Depreciation is provided on all 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

Depreciation is provided on all tangible fixed assets as follows:


	Reducing balance (%)	Straight line (years)
Land and buildings	-	25
Plant and machinery	25	-
Fixtures and fittings	-	25

	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
	Biological assets, comprising hens are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Stocks and work in progress

Biological assets, comprising hens are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell.  Cost is based on the cost of purchase on a first in, first out basis.  Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment.  If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell.  The impairment loss is recognised immediately in profit or loss.

	Trade and other debtors
	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.

Trade and other debtors

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.

	Trade and other creditors
	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.

	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


		2026		2025
	Average number of employees during the year	12		11

3.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Total
	£	£	£	£
Cost or valuation
At 01 July 25	3,079,021	3,257,461	94,926	6,431,408
Additions	-	11,250	-	11,250
Disposals	(950,000)	(10,505)	-	(960,505)
At 31 March 26	2,129,021	3,258,206	94,926	5,482,153
Depreciation and impairment
At 01 July 25	317,396	1,417,264	51,833	1,786,493
Charge for year	17,874	111,789	2,848	132,511
On disposals	-	(10,255)	-	(10,255)
At 31 March 26	335,270	1,518,798	54,681	1,908,749
Net book value
At 31 March 26	1,793,751	1,739,408	40,245	3,573,404
At 30 June 25	2,761,625	1,840,197	43,093	4,644,915


	Included in land and buildings is land costing £883,975 which has not been depreciated.

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	486,484	358,932
Other debtors	47,524	115,384
Prepayments and accrued income	11,083	11,083
Total	545,091	485,399

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	45,767	102,005
Bank borrowings and overdrafts	7,491	10,000
Taxation and social security	418,725	537,865
Finance lease and HP contracts	36,947	36,947
Other creditors	115,902	63,810
Accrued liabilities and deferred income	9,877	13,121
Total	634,709	763,748


	Bank borrowings and overdrafts are secured by fixed and floating charges over the assets of the company.

6.	Creditors: amounts due after one year

	2026	2025
	£	£
Bank borrowings and overdrafts	852	5,834
Other creditors	70,814	98,524
Total	71,666	104,358


	Bank borrowings and overdrafts are secured by fixed and floating charges over the assets of the company.

7.	Obligations under finance leases

		2026		2025
		£		£
	Finance lease and HP contracts	107,761		135,471

8.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	419,800	442,000
Total	419,800	442,000

9.	Pension commitments
	The pension cost charge represents contributions payable by the company to the fund and amounted to £4,227 (2025 - £1,880).

10.	Related party transactions
	On 1 July 2025 the Director's were owed £63,810 from the company. During the period the directors extracted £58,967 and repaid £87,059. At 31 March 2026, the Company owed the Directors’ £115,902. During the year the company made pension contributions totaling £0 (2025 £155,700) on behalf of the directors.

	Notes	31 Mar 2026		30 Jun 2025
		£	£	£	£
Fixed assets
Tangible assets	3		3,573,404		4,644,915
			3,573,404		4,644,915
Current assets
Stocks		410,593		387,838
Debtors	4	545,091		485,399
Cash at bank and on hand		3,098,655		1,169,836
		4,054,339		2,043,073
Creditors amounts falling due within one year	5	(634,709)		(763,748)
Net current assets (liabilities)			3,419,630		1,279,325
Total assets less current liabilities			6,993,034		5,924,240
Creditors amounts falling due after one year	6		(71,666)		(104,358)
Provisions for liabilities	8		(419,800)		(442,000)
Net assets			6,501,568		5,377,882
Capital and reserves
Called up share capital			100		100
Profit and loss account			6,501,468		5,377,782
Shareholders' funds			6,501,568		5,377,882