REGISTERED NUMBER: 09726733 (England and Wales)

HARDYS FARM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

8

DIRECTORS:

S D Hardy

J G Hardy

G D Hardy

REGISTERED OFFICE:

Grays Farm

Anchor Lane

Ingoldmells

Skegness

Lincolnshire

PE25 1LZ

REGISTERED NUMBER:

09726733 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

3 Castlegate

Grantham

Lincolnshire

NG31 6SF

FIXED ASSETS

Tangible assets

4

10,436,751

10,481,427

Investments

5

1,135,102

1,891,111

Investment property

6

600,000

600,000

12,171,853

12,972,538

CURRENT ASSETS

Valuation

553,745

496,255

Debtors

7

895,662

809,328

Cash at bank and in hand

51,550

93,656

1,500,957

1,399,239

CREDITORS

Amounts falling due within one year

8

387,774

851,176

NET CURRENT ASSETS

1,113,183

548,063

TOTAL ASSETS LESS CURRENT LIABILITIES

13,285,036

13,520,601

CREDITORS

Amounts falling due after more than one year

9

(33,610

)

(50,410

)

PROVISIONS FOR LIABILITIES

(1,709,541

)

(1,926,788

)

NET ASSETS

11,541,885

11,543,403

CAPITAL AND RESERVES

Called up share capital

11

900

900

Share premium

5,425,322

5,425,322

Fair value reserve

12

71,579

71,579

Retained earnings

6,044,084

6,045,602

SHAREHOLDERS' FUNDS

11,541,885

11,543,403

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 16 September 2026 and were signed on its behalf by:

S D Hardy - Director

1.	STATUTORY INFORMATION

Hardys 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the fair value of consideration received for net invoiced sales of produce, site fees and caravan sales, excluding value added tax.

Sales of farming produce are recognised upon dispatch, revenue from the caravan site is recognised upon receipt and sales of caravans are recognised when the caravans are delivered to the customer.

Tangible fixed assets

Tangible fixed assets are held at cost less accumulated depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

- Nil

Plant and machinery etc

- 15% and 25% on reducing balance

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

Stocks

Stocks have been certified by a qualified valuer at the lower of cost and fair value less costs to complete and sell.

Caravans held in stock are goods for resale and are valued at the lower of cost and fair value less costs to complete and sell.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the statement of financial position. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is shorter.

The interest element of these obligations is charges to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments

Investments are shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value are recognised in the income statement.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2024 - 12 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2025

10,110,442

805,283

10,915,725

Additions

-

50,052

50,052

Disposals

-

(7,347

)

(7,347

)

At 31 December 2025

10,110,442

847,988

10,958,430

DEPRECIATION

At 1 January 2025

-

434,298

434,298

Charge for year

-

93,026

93,026

Eliminated on disposal

-

(5,645

)

(5,645

)

At 31 December 2025

-

521,679

521,679

NET BOOK VALUE

At 31 December 2025

10,110,442

326,309

10,436,751

At 31 December 2024

10,110,442

370,985

10,481,427

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2025

1,891,111

Additions

3,541,884

Disposals

(3,929,188

)

Revaluations

(368,032

)

Exchange differences

(673

)

At 31 December 2025

1,135,102

NET BOOK VALUE

At 31 December 2025

1,135,102

At 31 December 2024

1,891,111

Cost or valuation at 31 December 2025 is represented by:

Other

investments

£

Valuation in 2025

(777,487

)

Cost

1,912,589

1,135,102

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

600,000

NET BOOK VALUE

At 31 December 2025

600,000

At 31 December 2024

600,000

The directors have valued the investment property based on the value of similar properties that have recently sold in the area.

Fair value at 31 December 2025 is represented by:

£

Valuation in 2022

95,437

Cost

504,563

600,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

107,186

99,090

Amounts owed by group undertakings

17,355

2,431

Other debtors

686,500

670,000

Tax

75,275

-

Prepayments and accrued income

9,346

37,807

895,662

809,328

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

16,800

42,800

Trade creditors

170,222

92,352

Amounts owed to group undertakings

53,571

202,903

Tax

-

5,940

Social security and other taxes

59,087

65,338

Other creditors

2,110

1,034

Directors' current accounts

13,680

309,535

Accruals and deferred income

72,304

131,274

387,774

851,176

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

33,610

50,410

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

50,410

93,210

Hire purchase creditors are secured on the assets to which they relate.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

900

'A' Ordinary

£1

900

900

12.

RESERVES

The aggregate surplus on revaluation of investment properties, net of deferred tax, is transferred to a separate non-distributable revaluation reserve in order to assist with the identification of profits available for distribution.

13.	OTHER FINANCIAL COMMITMENTS

The company has commitments due as follows:

2024

2023

£

£

Within one year

9,375

8,125