Company No: 07404966 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	Jane Louise Westgarth
	John Angus Westgarth
	Rebekah Jane Westgarth

REGISTERED OFFICE	Grange Hill Farm
	Grange Hill
	Bishop Auckland
	DL14 8EG
	United Kingdom

COMPANY NUMBER

07404966 (England and Wales)

ACCOUNTANT	Peppercorn Tax Limited
	45 Gresham Street
	London
	EC2V 7BG
	United Kingdom

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	4	2,399,564		2,425,099
Investment property	5	386,089		386,089
		2,785,653		2,811,188
Current assets
Stocks		2,048,202		1,274,334
Debtors	6	155,904		193,041
Cash at bank and in hand		164		1,046
		2,204,270		1,468,421
Creditors: amounts falling due within one year	7	( 1,641,069)		( 1,070,084)
Net current assets		563,201		398,337
Total assets less current liabilities		3,348,854		3,209,525
Creditors: amounts falling due after more than one year	8	( 1,483,953)		( 1,461,677)
Provision for liabilities		( 283,809)		( 273,692)
Net assets		1,581,092		1,474,156
Capital and reserves
Called-up share capital		2		2
Profit and loss account		1,581,090		1,474,154
Total shareholders' funds		1,581,092		1,474,156

For the financial year ending 31 March 2026 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of G H Farms Limited (registered number: 07404966) were approved and authorised for issue by the Board of Directors on 08 October 2026. They were signed on its behalf by:

Jane Louise Westgarth Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

G H Farms Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Grange Hill Farm, Grange Hill, Bishop Auckland, DL14 8EG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of G H Farms Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rental income is recognised to the extent that it relates to the accounting period. Rent for future periods is included in deferred income.

Employee benefits

Short term benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of or the cost of stock or fixed assets.

Defined contribution schemes
Payments to defined contribution retirement benefits schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Intangible assets acquired on business combinations are recognised separately from goodwill at the acquisition date where it is probable that the expected future economic benefits that are attributable to the asset will flow to the entity and the fair value of the asset can be measured reliably; the intangible asset arises from contractual or other legal rights; and the intangible asset is separable from the entity.

Amortisation is recognised so as to write off the cost of valuation of assets less their residual values over their useful lives on the following bases:

Other intangible assets

2 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	0 - 50 years straight line
Plant and machinery	15 % reducing balance
Vehicles	25 % reducing balance
Fixtures and fittings	20 % reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

A review for indicators of impairment is caried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly Prior impairments are also reviewed for possible reversal at each reporting date.

Investment property

Investment property, which is property held i=to earn rentals and / or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	7		7

3. Intangible assets

	Other intangible assets		Total
	£		£
Cost
At 01 April 2025	5,000		5,000
At 31 March 2026	5,000		5,000
Accumulated amortisation
At 01 April 2025	5,000		5,000
At 31 March 2026	5,000		5,000
Net book value
At 31 March 2026	0		0
At 31 March 2025	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 April 2025	1,389,735		1,983,000		67,986		130,829		3,571,550
Additions	0		404,527		15,500		0		420,027
Disposals	( 64,072)		( 434,129)		( 13,888)		0		( 512,089)
At 31 March 2026	1,325,663		1,953,398		69,598		130,829		3,479,488
Accumulated depreciation
At 01 April 2025	63,746		953,350		27,767		101,588		1,146,451
Charge for the financial year	1,630		168,570		12,242		5,848		188,290
Disposals	0		( 241,442)		( 13,375)		0		( 254,817)
At 31 March 2026	65,376		880,478		26,634		107,436		1,079,924
Net book value
At 31 March 2026	1,260,287		1,072,920		42,964		23,393		2,399,564
At 31 March 2025	1,325,989		1,029,650		40,219		29,241		2,425,099

5. Investment property

	Investment property
	£
Valuation
As at 01 April 2025	386,089
As at 31 March 2026	386,089

6. Debtors

	2026		2025
	£		£
Trade debtors	100,984		122,423
Other debtors	54,920		70,618
	155,904		193,041

7. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans and overdrafts	275,270		367,742
Trade creditors	217,277		162,818
Taxation and social security	48,721		21,473
Obligations under finance leases and hire purchase contracts	159,559		167,908
Other creditors	940,242		350,143
	1,641,069		1,070,084

8. Creditors: amounts falling due after more than one year

	2026		2025
	£		£
Bank loans	1,067,048		1,120,216
Obligations under finance leases and hire purchase contracts	416,905		341,461
	1,483,953		1,461,677

There are no amounts included above in respect of which any security has been given by the small entity.

9. Financial commitments

Commitments

	2026		2025
	£		£
Total future minimum lease payments under non-cancellable operating leases	97,333		170,333

Pensions

The Company operates a defined contribution pension scheme for the directors and employees. The assets of the scheme are held separately from those of the Company in an independently administered fund.

	2026		2025
	£		£
Unpaid contributions due to the fund (inc. in other creditors)	413		493