REGISTERED NUMBER: 01130732 (England and Wales)

Herne Farm Limited

Financial Statements for the Year Ended 31st December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J D Stevens

G J Matthews

Dr C G Roffey

G McKinnell

A Ryder

J Graham

SECRETARY:

J D Stevens

REGISTERED OFFICE:

The Leisure Centre

Crundles

Petersfield

Hampshire

GU31 4PJ

REGISTERED NUMBER:

01130732 (England and Wales)

ACCOUNTANTS:

Sheen Stickland

Chartered Accountants

The Engine House

77 Station Road

Petersfield

Hampshire

GU32 3FQ

CURRENT ASSETS

Stocks

1,156

790

Debtors

4

4,186

5,815

Cash at bank and in hand

273,648

251,859

278,990

258,464

CREDITORS

Amounts falling due within one year

5

33,409

30,079

NET CURRENT ASSETS

245,581

228,385

TOTAL ASSETS LESS CURRENT LIABILITIES

245,581

228,385

CAPITAL AND RESERVES

Called up share capital

79

79

Car park reserve

6

1,317

277

Building renovation reserve

6

170,000

-

Retained earnings

6

74,185

228,029

245,581

228,385

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4th September 2026 and were signed on its behalf by:

J D Stevens - Director

1.	STATUTORY INFORMATION

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

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents income received for management fees and associated services from members of the Leisure Centre. Income is recognised in the period to which it relates. Income is also received from non-members for hirings and bar sales, this is recognised at the point of hire or sale.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Freehold property

The Leisure Centre was transferred to the company by Kebbell Developments Limited on 3 July 1981. There was no cost to the company, other than for legal and survey fees which have been written off to the retained earnings reserve.

In 1980 the value of the freehold property was estimated by Kebbell Developments Limited to be £250,000. The directors believe it would be misleading to the shareholders to bring in a valuation of the property since it cannot be sold as it forms part of the overall Herne Farm Scheme.

Tangible fixed assets

Capital expenditure at the Leisure Centre is written off to profit and loss in the year of acquisition.

Pensions

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the income and expenditure account in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 7 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,506

3,538

Other debtors

2,680

2,277

4,186

5,815

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,995

960

Other creditors

30,414

29,119

33,409

30,079

6.

RESERVES

Building

Retained

Car park

renovation

earnings

reserve

reserve

Totals

£

£

£

£

At 1st January 2025

228,029

277

-

228,306

Profit for the year

17,156

17,156

Car park contribution

-

40

-

40

Transfer to/from profit and loss account

(171,000

)

1,000

170,000

-

At 31st December 2025

74,185

1,317

170,000

245,502