Farmview Dairies Limited 31/08/2025 iXBRL

Company registration number: NI026689

Farmview Dairies Limited

Unaudited filleted financial statements

31 August 2025

Farmview Dairies Limited

Contents

Statement of financial position

Notes to the financial statements

Farmview Dairies Limited

Statement of financial position

31 August 2025

		2025		2024
	Note	£	£	£	£
Fixed assets
Intangible assets	5	-		-
Tangible assets	6	2,411,648		2,485,569
		________		________
			2,411,648		2,485,569
Current assets
Stocks		181,542		188,687
Debtors	7	1,406,594		1,392,473
Investments	8	1,150,000		200,000
Cash at bank and in hand		2,591,111		2,725,718
		________		________
		5,329,247		4,506,878
Creditors: amounts falling due
within one year	9	( 1,235,313)		( 1,535,817)
		________		________
Net current assets			4,093,934		2,971,061
			________		________
Total assets less current liabilities			6,505,582		5,456,630

Provisions for liabilities			( 40,724)		( 52,250)
			________		________
Net assets			6,464,858		5,404,380
			________		________
Capital and reserves
Called up share capital			60,000		60,000
Profit and loss account			6,404,858		5,344,380
			________		________
Shareholders funds			6,464,858		5,404,380
			________		________

For the year ending 31 August 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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.

These financial statements were approved by the board of directors and authorised for issue on 19 December 2025 , and are signed on behalf of the board by:

W R McDowell

Director

Company registration number: NI026689

Farmview Dairies Limited

Notes to the financial statements

Year ended 31 August 2025

1. General information

The company is a private company limited by shares, registered in Northern Ireland. The address of the registered office is 76-78 Church Street, Portadown, Co Armagh, BT62 3EU.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

Turnover

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.

Taxation

Current tax is recognised on taxable profit for the current and past periods. It is measured at the amount expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences. Deferred tax assets and liabilities recognised have not been discounted.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

Tangible assets

tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

The tangible fixed assets are recorded at their purchase cost, together with any incidental costs of acquisition less accumulated depreciation and impairment losses.


Freehold property	-	4 %	straight line
Plant and machinery	-	15 %	straight line
Fittings fixtures and equipment	-	15 %	straight line
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

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 stocks to their present location and condition.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event; it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Financial instruments

The fair values of the company's financial assets, cash and cash equivalents and financial liabilities are assumed to approximate to their book value. The company does not enter into derivative financial instruments.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 33 (2024: 36 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 September 2024 and 31 August 2025	211,000	211,000
	________	________
Amortisation
At 1 September 2024 and 31 August 2025	211,000	211,000
	________	________
Carrying amount
At 31 August 2025	-	-
	________	________
At 31 August 2024	-	-
	________	________

6. Tangible assets

	Freehold property	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 September 2024	2,295,895	3,314,717	43,563	1,799,557	7,453,732
Additions	-	-	-	183,947	183,947
Disposals	-	( 112,743)	( 13,763)	-	( 126,506)
	________	________	________	________	________
At 31 August 2025	2,295,895	3,201,974	29,800	1,983,504	7,511,173
	________	________	________	________	________
Depreciation
At 1 September 2024	706,287	2,847,675	37,466	1,376,735	4,968,163
Charge for the year	23,016	101,110	1,558	132,184	257,868
Disposals	-	( 112,743)	( 13,763)	-	( 126,506)
	________	________	________	________	________
At 31 August 2025	729,303	2,836,042	25,261	1,508,919	5,099,525
	________	________	________	________	________
Carrying amount
At 31 August 2025	1,566,592	365,932	4,539	474,585	2,411,648
	________	________	________	________	________
At 31 August 2024	1,589,608	467,042	6,097	422,822	2,485,569
	________	________	________	________	________

7. Debtors

	2025	2024
	£	£
Trade debtors	1,396,050	1,378,512
Other debtors	10,544	13,961
	________	________
	1,406,594	1,392,473
	________	________

8. Investments

	2025	2024
	£	£
Other investments	1,150,000	200,000
	________	________

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	703,021	749,242
Corporation tax	385,018	583,851
Social security and other taxes	34,159	25,918
Other creditors	113,115	176,806
	________	________
	1,235,313	1,535,817
	________	________

10. Directors advances, credits and guarantees

At the year end the Mr WR McDowell, the director of the company, was owed £88,161 by the company (2024- £155,320). This loan is interest free and repayable on demand.

11. Controlling party

The company is controlled by W R McDowell who owns 100% of the ordinary share capital.