Steve Howard (Farms) Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 01264307

		31 March 2026		31 March 2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,835,357		1,894,558

			1,835,357		1,894,558
CURRENT ASSETS
Stocks	5	315,055		295,048
Debtors	6	43,981		71,654
Cash at bank and in hand		923,174		828,753

		1,282,210		1,195,455
Creditors: Amounts Falling Due Within One Year	7	(81,073 )		(95,170 )

NET CURRENT ASSETS (LIABILITIES)			1,201,137		1,100,285

TOTAL ASSETS LESS CURRENT LIABILITIES			3,036,494		2,994,843

PROVISIONS FOR LIABILITIES
Deferred Taxation			(82,641 )		(74,170 )

NET ASSETS			2,953,853		2,920,673

CAPITAL AND RESERVES
Called up share capital	8		1,000		1,000
Capital redemption reserve			1,000		1,000
Profit and Loss Account			2,951,853		2,918,673

SHAREHOLDERS' FUNDS			2,953,853		2,920,673

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Steve Howard (Farms) Ltd

Balance Sheet (continued)

As At 31 March 2026

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr S M Howard

Director

19 October 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Steve Howard (Farms) Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 01264307 . The registered office is Blakeney House, Oaklands Farm, Wood Lane, Treswell, Retford, Nottinghamshire, DN22 0ED.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Freehold	not provided
Leasehold	4% straight line
Plant & Machinery	15% reducing balance
Fixtures & Fittings	25% reducing balance

During the year, the directors reviewed the estimated useful economic lives of the company's plant and machinery. Following this review, the depreciation rate applied to plant and machinery was reduced from 25% reducing balance to 15% reducing balance to better reflect the assets' expected pattern of economic consumption.

In accordance with FRS 102, this revision has been treated as a change in accounting estimate and has therefore been applied prospectively from the date of the change.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

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Steve Howard (Farms) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 3 (2025: 3)

4. Tangible Assets

	Land & Property
	Freehold	Leasehold	Plant & Machinery	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 April 2025	1,332,013	337,708	1,120,170	10,373	2,800,264
Additions	-	-	5,338	-	5,338
Disposals	-	-	(48,325 )	(4,500 )	(52,825 )

As at 31 March 2026	1,332,013	337,708	1,077,183	5,873	2,752,777

Depreciation
As at 1 April 2025	-	96,813	800,325	8,568	905,706
Provided during the period	-	13,509	48,240	457	62,206
Disposals	-	-	(46,264 )	(4,228 )	(50,492 )

As at 31 March 2026	-	110,322	802,301	4,797	917,420

Net Book Value
As at 31 March 2026	1,332,013	227,386	274,882	1,076	1,835,357

As at 1 April 2025	1,332,013	240,895	319,845	1,805	1,894,558

5. Stocks

	31 March 2026	31 March 2025
	£	£
Materials	34,917	41,619
Stock - harvested crops	87,341	128,855
Stock - growing crops	192,797	124,574

	315,055	295,048

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Steve Howard (Farms) Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Debtors

	31 March 2026	31 March 2025
	£	£
Due within one year
Trade debtors	34,753	58,767
Prepayments and accrued income	9,001	9,808
Corporation tax recoverable assets	-	3,079
VAT	227	-

	43,981	71,654

7. Creditors: Amounts Falling Due Within One Year

	31 March 2026	31 March 2025
	£	£
Trade creditors	15,807	15,406
Corporation tax	4,347	-
Other taxes and social security	182	512
VAT	-	1,269
Other creditors	34	34
Accruals and deferred income	7,030	8,635
Directors' loan accounts	53,673	69,314

	81,073	95,170

8. Share Capital

	31 March 2026	31 March 2025
	£	£
Allotted, Called up and fully paid	1,000	1,000

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