Registration number: 01826477

Horsfields (Church Farm) 1984 Ltd

Contents

Abridged Balance Sheet	1
Notes to the Unaudited Abridged Financial Statements	2 to 5

Horsfields (Church Farm) 1984 Ltd

(Registration number: 01826477)
Abridged Balance Sheet as at 31 July 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	109,998	109,078
Other financial assets	5	140,169	129,064
		250,167	238,142
Current assets
Stocks		101,801	98,135
Debtors		853,969	854,959
Cash at bank and in hand		228,622	177,501
		1,184,392	1,130,595
Creditors: Amounts falling due within one year		(255,791)	(231,934)
Net current assets		928,601	898,661
Total assets less current liabilities		1,178,768	1,136,803
Provisions for liabilities		(26,335)	(26,204)
Net assets		1,152,433	1,110,599
Capital and reserves
Called up share capital		10,002	10,002
Share premium reserve		200,000	200,000
Revaluation reserve		20,861	9,900
Profit and loss account		921,570	890,697
Total equity		1,152,433	1,110,599

For the financial year ending 31 July 2025 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 of its accounts for the year in question in accordance with section 476; and
	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 10 November 2025 and signed on its behalf by:
 

Mr M Horsfield Director

Mrs A Horsfield Director

Horsfields (Church Farm) 1984 Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
Calyx House
South Road
Taunton
Somerset
TA1 3DU

These financial statements were authorised for issue by the Board on 10 November 2025.

2	Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when, the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Horsfields (Church Farm) 1984 Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Motor vehicles	25% Straight Line
Plant and machinery	25% Reducing Balance
Office equipment	33% Straight Line

Investments

Investments in equity shares where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in the profit or loss account. Investments in equity shares where fair value cannot be measured reliably are measured at cost less impairment.

Stocks

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

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Horsfields (Church Farm) 1984 Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

4	Tangible assets

	Total £
Cost or valuation
At 1 August 2024	395,221
Additions	43,422
Disposals	(28,809)
At 31 July 2025	409,834
Depreciation
At 1 August 2024	286,143
Charge for the year	35,300
Eliminated on disposal	(21,607)
At 31 July 2025	299,836
Carrying amount
At 31 July 2025	109,998
At 31 July 2024	109,078

5	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 August 2024	129,064	129,064
Fair value adjustments	11,105	11,105
At 31 July 2025	140,169	140,169
Carrying amount
At 31 July 2025	140,169	140,169

6	Creditors: amounts falling due after more than one year

Other borrowings

The carrying amount of Finance Lease Liabilities at year end is £Nil (2024 - £6,833). The finance lease liabilities are secured against the assets to which they relate.

Horsfields (Church Farm) 1984 Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2025

7	Related party transactions

Summary of transactions with other related parties

Horsfields (Church Farm) 1984 Ltd has provided funds to associated companies of £840,912 (2024: £840,000). No interest has been charged on the balance and the total amount is repayable on demand.

An associated company has provided funds to Horsfields (Church Farm) 1984 Ltd of £71,198 (2024: £36,000). No interest has been charged on the balance and the total amount is repayable on demand.
 

8	Parent and ultimate parent undertaking

The company's immediate parent is Horsfields Holdings Limited, incorporated in England & Wales.

  These financial statements are available upon request from Church Farm Church Lane, Woolley, Wakefield, United Kingdom, WF4 2JU.