St.Lawrence Hall Farms Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00759342

St.Lawrence Hall Farms Limited

Unaudited financial statements

31 January 2026

St.Lawrence Hall Farms Limited

Statement of financial position

31 January 2026

	2026		2025
Note	£	£	£	£

Fixed assets

Tangible assets	5	13,015,444	12,956,415
Investments	6	3,342,525	3,342,525
		------------	------------
		16,357,969	16,298,940

Current assets

Stocks		64,516	133,091
Debtors	7	2,127,179	2,318,917
Financial assets	8	1,499,141	1,757,086
Cash at bank and in hand		302,892	262
		-----------	-----------
		3,993,728	4,209,356

Creditors: Amounts falling due within one year	9	( 1,215,749)		( 1,171,275)
		-----------		-----------
Net current assets			2,777,979		3,038,081
			------------		------------
Total assets less current liabilities			19,135,948		19,337,021

Creditors: Amounts falling due after more than one year	10		( 14,867,615)		( 14,470,370)

Provisions

Taxation including deferred tax	( 1,319,322)	( 1,199,474)
	------------	------------
Net assets	2,949,011	3,667,177
	------------	------------

Capital and reserves

Called up share capital	12	5,000	5,000
Revaluation reserve		1,910,228	1,935,308
Investment property valuation reserve		77,933	–
Profit and loss account		955,850	1,726,869
		-----------	-----------
Shareholders funds		2,949,011	3,667,177
		-----------	-----------

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 income statement has not been delivered.

For the year ending 31 January 2026 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

St.Lawrence Hall Farms Limited

Statement of financial position (continued)

31 January 2026

These financial statements were approved by the board of directors and authorised for issue on 17 August 2026 , and are signed on behalf of the board by:

Mr D. R Parker
Director

Company registration number: 00759342

St.Lawrence Hall Farms Limited

Notes to the financial statements

Year ended 31 January 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ilketshall Hall, Ilketshall St. Lawrence, Beccles, Suffolk, NR34 8NH.

2. Statement of compliance

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

Consolidation

The entity has taken advantage of the exemption from preparing consolidated financial statements as they qualify as a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Note the valuation method of investment property detailed within the tangible assets note.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods 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.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

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

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Investment properties	-	No depreciation
Implements and machinery	-	15% straight line and 15 years straight line
Motor vehicles	-	25% reducing balance

Freehold land is not depreciated. Site offices and infrastructure have been depreciated over 50 years, solar PV over 25 years and the new poultry sites over 30 years. Assets in the course of construction are not depreciated until complete and transferred to another tangible asset class as appropriate.

Investment property

Investment properties are shown at their fair value. The surplus or deficit arising from the annual revaluation is transferred to the investment property revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost brought forward plus additions in the period and adjustments to intercompany loan transactions.

Stocks

Commodity stocks and cultivations are valued at the lower of cost and net realisable value by the independent land agents, after making due allowance for obsolete and slow moving items.

Government grants

Included within other income is the Basic Payment Scheme grant, Environmental Stewardship grant and Sustainable Farming incentive grant totalling £81,594 (2025 - £85,532) receivable from The Rural Payments Agency under UK Government policy. Without this income, there would have been a loss for the year before tax of £123,912 (2025 - £153,325). Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Government grants are recognised using the accrual model and the performance model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable. Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset. Under the performance model, where the grant does not impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.

Financial assets

Financial assets are accounted for at fair value. Annual movements in fair value are recognised through profit and loss.

4. Employee numbers

The average number of employees during the year was 21 (2025: 21 ).

5. Tangible assets

	Land and buildings	Investment property	Assets in the course of construction	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£	£
Cost or valuation
At 1 February 2025	16,519,112	–	315,791	786,023	159,977	17,780,903
Additions	39,698	–	554,691	6,089	–	600,478
Disposals	–	–	–	( 6,451)	–	( 6,451)
Transfers	( 842,693)	930,000	( 421,749)	334,442	–	–
	------------	---------	---------	-----------	---------	------------
At 31 January 2026	15,716,117	930,000	448,733	1,120,103	159,977	18,374,930
	------------	---------	---------	-----------	---------	------------
Depreciation
At 1 February 2025	4,315,032	–	–	396,278	113,178	4,824,488
Charge for the year	439,542	–	–	90,208	11,699	541,449
Disposals	–	–	–	( 6,451)	–	( 6,451)
	------------	---------	---------	-----------	---------	------------
At 31 January 2026	4,754,574	–	–	480,035	124,877	5,359,486
	------------	---------	---------	-----------	---------	------------
Carrying amount
At 31 January 2026	10,961,543	930,000	448,733	640,068	35,100	13,015,444
	------------	---------	---------	-----------	---------	------------
At 31 January 2025	12,204,080	–	315,791	389,745	46,799	12,956,415
	------------	---------	---------	-----------	---------	------------

Investment properties are measured at fair value. The directors assess and determine the fair value of the investment properties at each reporting date. The values inevitably have a degree of judgement involved in that each property is unique and value can only ultimately be reliably tested in the market itself.

Tangible assets held at valuation

The freehold land was valued at £430,000 on an open market basis. If freehold land had not been revalued, it would have been included at a cost of £26,310. The freehold land and buildings are included in these financial statements at that current revalued amount. Investment properties have been revalued at £930,000 from £910,000 at 24 June 2022 and the directors consider those values to represent fair value at 31 January 2026.

6. Investments

	Other investments other than loans
	£
Cost
At 1 February 2025 and 31 January 2026	3,342,525
	-----------
Impairment
At 1 February 2025 and 31 January 2026	–
	-----------

Carrying amount
At 31 January 2026	3,342,525
	-----------
At 31 January 2025	3,342,525
	-----------

Name Class of share

Proportion held

Mundford Poultry Ltd Ordinary 100%

Ilketshall Hall

Ilketshall St.Lawrence

Beccles

Suffolk

BPS Equipment Ltd Ordinary 33.3%

Unit 1, 12 St.Johns Way

St.Johns Business Estate

Downham Market

Norfolk

BPS (Stumps Cross) Ltd Ordinary 100%

Ilketshall Hall

Ilketshall St. Lawrence

Beccles

Suffolk

Chequerhouse Farm Ltd Ordinary 33.3%

Ilketshall Hall

Ilketshall St.Lawrence

Beccles

Suffolk

St. Lawrence Hall Farms Limited and its subsidiaries qualify as a small group and, hence, are exempt from preparing consolidated financial statements.

7. Debtors

	2026	2025
	£	£
Trade debtors	376,312	455,123
Other debtors	1,750,867	1,863,794
	-----------	-----------
	2,127,179	2,318,917
	-----------	-----------

8. Financial assets

	2026	2025
	£	£
Other financial assets	1,499,141	1,757,086
	-----------	-----------

Included within financial assets is £1,499,141 which is the fair value relating to a number of interest rate hedge instruments relevant to the bank loans held by the company.

The original cost of hedging instruments brought forward is £972,266.

The instruments are accounted for at fair value, with changes in fair value being recognised through profit and loss. For the 2026 year end, a reduction in fair value of £257,945 has been recognised in the income statement.

9. Creditors: Amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	600,232	485,896
Trade creditors	58,109	205,055
Amounts owed to group undertakings and undertakings in which the company has a participating interest	150,000	225,000
Social security and other taxes	112,532	65,814
Other creditors	294,876	189,510
	-----------	-----------
	1,215,749	1,171,275
	-----------	-----------

The bank loans are secured by the company on a fixed and floating charge over the company's assets.

The amounts owed to group undertakings are interest free and repayable on demand.

10. Creditors: Amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	14,867,615	14,470,370
	------------	------------

Included within creditors: amounts falling due after more than one year is an amount of £12,052,231 (2025: £12,507,191) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

The bank loans are secured by the company on a fixed and floating charge over the company's assets

11. Financial instruments

Prior to 2017, St. Lawrence Hall Farms Limited was not required to recognise derivative financial instruments on the balance sheet. Instead the effects of the derivative financial instruments were recognised in profit and loss on settlement. Under FRS 102, derivative financial instruments are classified as other financial instruments and are recognised as a financial asset or a financial liability, at fair value, when an entity becomes party to the contractual provisions of the instrument. On the adoption of the requirements of FRS 102, financial asset purchases have been recognised on the balance sheet, being £256,661 on 18 March 2016, £115,646 on 20 October 2016, £72,991 on 3 November 2017 and £526,968 on 21 May 2021.

12. Called up share capital

Authorised share capital

	2026		2025
	No.	£	No.	£
Ordinary A shares of £ 1 each	250	250	250	250
Ordinary B shares of £ 1 each	250	250	250	250
Ordinary C shares of £ 1 each	350	350	350	350
Ordinary D shares of £ 1 each	350	350	350	350
Ordinary E shares of £1 each	200	200	200	200
Ordinary F shares of £1 each	200	200	200	200
Ordinary G shares of £1 each	1,700	1,700	1,700	1,700

Orinary H shares of £1 each	1,700	1,700	1,700	1,700
	------	------	------	------
	5,000	5,000	5,000	5,000
	------	------	------	------

Issued, called up and fully paid

	2026		2025
	No.	£	No.	£
Ordinary A shares of £ 1 each	250	250	250	250
Ordinary B shares of £ 1 each	250	250	250	250
Ordinary C shares of £ 1 each	350	350	350	350
Ordinary D shares of £ 1 each	350	350	350	350
Ordinary E shares of £1 each	200	200	200	200
Ordinary F shares of £1 each	200	200	200	200
Ordinary G shares of £1 each	1,700	1,700	1,700	1,700
Orinary H shares of £1 each	1,700	1,700	1,700	1,700
	------	------	------	------
	5,000	5,000	5,000	5,000
	------	------	------	------

13. Operating leases

As lessor

The total future minimum lease payments receivable under non-cancellable operating leases are as follows:

	2026	2025
	£	£
Not later than 1 year	46,595	43,115
	-------	-------

14. Director's advances, credits and guarantees

Included in other debtors are the following amounts due by the directors: Mr D R Parker £233,413 During the year there were advances of £239,100 and repayments of £354,826. Interest has been charged at a commercial rate on the loan which is repayable on demand.