REGISTERED NUMBER: 02104284 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2025

FOR

HARTLEY PARK FARMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T J Butler

S J Butler

N D Butler

Mrs E A Butler

SECRETARY:

Mrs E A Butler

REGISTERED OFFICE:

Hartley Park Farm

Selbourne Road

Alton

Hampshire

GU34 3HP

REGISTERED NUMBER:

02104284 (England and Wales)

ACCOUNTANTS:

Martin and Company

25 St Thomas Street

Winchester

Hampshire

SO23 9HJ

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,692,544

3,661,614

Investments

6

25

25

3,692,569

3,661,639

CURRENT ASSETS

Stocks

309,210

347,556

Debtors

7

229,640

284,395

Cash at bank and in hand

1,413,877

1,441,841

1,952,727

2,073,792

CREDITORS

Amounts falling due within one year

8

1,158,774

1,393,306

NET CURRENT ASSETS

793,953

680,486

TOTAL ASSETS LESS CURRENT LIABILITIES

4,486,522

4,342,125

CREDITORS

Amounts falling due after more than one year

9

(474,711

)

(560,648

)

PROVISIONS FOR LIABILITIES

(137,019

)

(126,878

)

NET ASSETS

3,874,792

3,654,599

CAPITAL AND RESERVES

Called up share capital

251,261

251,261

Retained earnings

3,623,531

3,403,338

3,874,792

3,654,599

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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 24th November 2025 and were signed on its behalf by:

T J Butler - Director

1.	STATUTORY INFORMATION

Hartley Park 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.

Turnover

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 value added tax, returns, rebates and discounts and after eliminating sales within the company.

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

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

-

2% on cost

Plant and machinery etc

-

20% on reducing balance and at variable rates on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

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 stocks 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.

Financial instruments

The company holds the following financial instruments:

Short term trade and other debtors and creditors;

Bank loans; and

Cash and bank balances.

All financial instruments are classified as basic.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 5 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1st July 2024

and 30th June 2025

5,000

AMORTISATION

At 1st July 2024

and 30th June 2025

5,000

NET BOOK VALUE

At 30th June 2025

-

At 30th June 2024

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st July 2024

4,024,291

1,285,083

5,309,374

Additions

31,990

127,980

159,970

Disposals

-

(98,816

)

(98,816

)

At 30th June 2025

4,056,281

1,314,247

5,370,528

DEPRECIATION

At 1st July 2024

882,133

765,627

1,647,760

Charge for year

34,139

62,899

97,038

Eliminated on disposal

-

(66,814

)

(66,814

)

At 30th June 2025

916,272

761,712

1,677,984

NET BOOK VALUE

At 30th June 2025

3,140,009

552,535

3,692,544

At 30th June 2024

3,142,158

519,456

3,661,614

Included within the net book value of land and buildings above is £3,140,009 (2024: £3,142,158) in respect of freehold land and buildings.

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1st July 2024

and 30th June 2025

25

NET BOOK VALUE

At 30th June 2025

25

At 30th June 2024

25

7.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

45,155

73,862

Other debtors

34,485

60,533

79,640

134,395

2025

2024

£

£

Amounts falling due after more than one year:

Other debtors

150,000

150,000

Aggregate amounts

229,640

284,395

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

85,937

82,220

Trade creditors

86,333

199,650

Amounts owed to group undertakings

431,278

431,278

Taxation and social security

81,825

123,037

Other creditors

473,401

557,121

1,158,774

1,393,306

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

474,711

560,648

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

-

46,250

11.	RELATED PARTY DISCLOSURES

A loan of £150,000 is included within other debtors due in more than one year due from Butler Brothers Avery Limited, a company controlled by the brother and nephew of Timothy Butler. Interest is charged on the loan at market rate and the term of the loan is 36 months from May 2024.