REGISTERED NUMBER: 00407053 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

Hanby Farms Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

P J Dobney

Mrs S A Dobney

Mrs L C Gilbert

O J Dobney

SECRETARY:

Mrs S A Dobney

REGISTERED OFFICE:

Hanby Lodge Farm

Hanby

Grantham

Lincolnshire

NG33 4HL

REGISTERED NUMBER:

00407053 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Northgate House

Northgate

Sleaford

Lincolnshire

NG34 7BZ

FIXED ASSETS

Tangible assets

4

1,355,790

1,421,912

Investments

5

952

952

1,356,742

1,422,864

CURRENT ASSETS

Stocks

250,488

226,049

Debtors

6

21,096

46,002

Cash at bank

1

89,672

271,585

361,723

CREDITORS

Amounts falling due within one year

7

47,831

38,129

NET CURRENT ASSETS

223,754

323,594

TOTAL ASSETS LESS CURRENT LIABILITIES

1,580,496

1,746,458

CREDITORS

Amounts falling due after more than one year

8

544,926

525,774

NET ASSETS

1,035,570

1,220,684

CAPITAL AND RESERVES

Called up share capital

10

16,500

16,500

Capital redemption reserve

500

500

Fair value reserve

11

9,211

9,211

Retained earnings

1,009,359

1,194,473

SHAREHOLDERS' FUNDS

1,035,570

1,220,684

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 26 November 2025 and were signed on its behalf by:

P J Dobney - Director

1.	STATUTORY INFORMATION

Hanby Farms 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and Buildings

-

4% on reducing balance

Improvements to property

-

20% on reducing balance

Plant and machinery

-

20% on reducing balance, 15% on reducing balance and 10% on reducing balance

Computer equipment

-

33% on reducing balance

Stocks

Valuation is valued at the lower of cost and net realisable value. Cost is determined using standard costing calculations prepared by the Central Association of Agricultural Valuers adjusted as necessary by the local valuer to reflect the specific circumstances of the company. Net realisable value is based on estimated selling price, less any further costs of realisation.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 balance sheet. 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 the shorter.

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

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 included at cost. Profits or losses arising from disposals of fixed asset investments are treated as part of the result from ordinary activities.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Improvemen

Land and

Long

to

Buildings

leasehold

property

£

£

£

COST OR VALUATION

At 1 July 2024

1,556,145

14,854

13,166

Additions

-

-

-

Disposals

-

-

-

At 30 June 2025

1,556,145

14,854

13,166

DEPRECIATION

At 1 July 2024

356,181

14,854

12,829

Charge for year

28,848

-

67

Eliminated on disposal

-

-

-

At 30 June 2025

385,029

14,854

12,896

NET BOOK VALUE

At 30 June 2025

1,171,116

-

270

At 30 June 2024

1,199,964

-

337

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST OR VALUATION

At 1 July 2024

1,039,018

3,438

2,626,621

Additions

5,800

-

5,800

Disposals

(13,393

)

(358

)

(13,751

)

At 30 June 2025

1,031,425

3,080

2,618,670

DEPRECIATION

At 1 July 2024

817,644

3,201

1,204,709

Charge for year

42,627

78

71,620

Eliminated on disposal

(13,092

)

(357

)

(13,449

)

At 30 June 2025

847,179

2,922

1,262,880

NET BOOK VALUE

At 30 June 2025

184,246

158

1,355,790

At 30 June 2024

221,374

237

1,421,912

Cost or valuation at 30 June 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Cost

1,570,999

1,047,671

2,618,670

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 July 2024

and 30 June 2025

952

NET BOOK VALUE

At 30 June 2025

952

At 30 June 2024

952

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

9,077

37,642

Other debtors

12,019

8,360

21,096

46,002

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

114

-

Trade creditors

18,416

9,675

Taxation and social security

(99

)

(546

)

Other creditors

29,400

29,000

47,831

38,129

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

464,735

484,443

Other creditors

80,191

41,331

544,926

525,774

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdraft

114

-

Bank loans

464,735

484,443

464,849

484,443

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

16,500

Ordinary

£1

16,500

16,500

11.

RESERVES

Fair

value

reserve

£

At 1 July 2024

and 30 June 2025

9,211

12.	ULTIMATE CONTROLLING PARTY

P Dobney is the ultimate controlling party as he controls 15,000 of the 16,500 issued share capital.