REGISTERED NUMBER: 02517001 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 27 FEBRUARY 2025

FOR

MOOR HOUSE FARMING LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A S Tomlinson

Mr J L Tomlinson

SECRETARY:

Mrs C A Tomlinson

REGISTERED OFFICE:

Moor House Farm

New Road

Brandesburton

Driffield

East Yorkshire

YO25 8EN

REGISTERED NUMBER:

02517001 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Intangible assets

4

2,991

4,486

Tangible assets

5

4,758,283

4,799,516

4,761,274

4,804,002

CURRENT ASSETS

Stocks

6

213,877

231,239

Debtors

7

38,497

52,516

Cash at bank

78,968

139,281

331,342

423,036

CREDITORS

Amounts falling due within one year

8

181,189

234,005

NET CURRENT ASSETS

150,153

189,031

TOTAL ASSETS LESS CURRENT LIABILITIES

4,911,427

4,993,033

CREDITORS

Amounts falling due after more than one year

9

(2,057,895

)

(2,105,956

)

PROVISIONS FOR LIABILITIES

(97,679

)

(104,242

)

NET ASSETS

2,755,853

2,782,835

CAPITAL AND RESERVES

Called up share capital

1,200,100

1,200,100

Retained earnings

1,555,753

1,582,735

SHAREHOLDERS' FUNDS

2,755,853

2,782,835

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 27 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 27 February 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 November 2025 and were signed on its behalf by:

Mr J L Tomlinson - Director

1.	STATUTORY INFORMATION

Moor House Farming Limited is a private company, limited by shares, registered and domiciled in England. The company's registered number is 02517001 and its registered office address and principal place of business is Moor House Farm, New Road, Brandesburton, Driffield, East Yorkshire, YO25 8EN.

The registered office address of this company's parent company, L V Tomlinson and Son Limited, is Catwick Lane, Brandesburton, Driffield, YO25 8RY.

The financial statements are presented in Sterling, which is the functional currency of the company and cover the individual entity only.

The principal activity of the company is farming.

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from the sale of goods is recognised at the point of sale.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

All sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

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.

Entitlements are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property

-

2% on cost excluding land

Plant and machinery

-

20% on reducing balance

Motor vehicles

-

20% on reducing balance

Tangible fixed assets are held under the historical cost model.

If the recoverable amount of an asset is estimated to be less than its carrying amount, the carrying amount of the asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Where an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell, after making, due allowance for obsolete and slow moving items. Cost 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. Stock is calculated on the first in first out basis.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

Financial instruments

All financial instruments are measured at amortised cost.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 28 February 2024

and 27 February 2025

6,181

AMORTISATION

At 28 February 2024

1,695

Charge for year

1,495

At 27 February 2025

3,190

NET BOOK VALUE

At 27 February 2025

2,991

At 27 February 2024

4,486

5.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

property

machinery

vehicles

Totals

£

£

£

£

COST

At 28 February 2024

4,345,299

1,301,117

29,606

5,676,022

Additions

27,497

76,850

-

104,347

Disposals

-

(41,900

)

-

(41,900

)

At 27 February 2025

4,372,796

1,336,067

29,606

5,738,469

DEPRECIATION

At 28 February 2024

29,694

827,311

19,501

876,506

Charge for year

2,357

103,624

2,021

108,002

Eliminated on disposal

-

(4,322

)

-

(4,322

)

At 27 February 2025

32,051

926,613

21,522

980,186

NET BOOK VALUE

At 27 February 2025

4,340,745

409,454

8,084

4,758,283

At 27 February 2024

4,315,605

473,806

10,105

4,799,516

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 28 February 2024

512,231

Transfer to ownership

(133,481

)

At 27 February 2025

378,750

DEPRECIATION

At 28 February 2024

285,617

Charge for year

35,579

Transfer to ownership

(47,258

)

At 27 February 2025

273,938

NET BOOK VALUE

At 27 February 2025

104,812

At 27 February 2024

226,614

6.

STOCKS

2025

2024

£

£

Valuation

213,877

231,239

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

30,944

44,837

VAT

1,986

3,865

Prepayments

5,567

3,814

38,497

52,516

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

51,834

61,186

Hire purchase contracts

34,400

68,718

Trade creditors

19,862

20,581

Other creditors

442

-

Directors' current accounts

47,782

45,931

Accruals and deferred income

26,869

37,589

181,189

234,005

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

54,319

63,504

Bank loans - 2-5 years

179,178

208,640

Bank loans

1,451,001

1,454,757

Hire purchase contracts

19,925

25,583

Amounts owed to parent company

353,472

353,472

2,057,895

2,105,956

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

1,451,001

1,454,757

The loan from the parent company has no fixed repayment terms and the director believes that the value held in the accounts is not significantly different from the present value of the future payments discounted at a market rate.

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,736,332

1,788,087

Hire purchase contracts

54,325

94,301

1,790,657

1,882,388

The bank loans are secured by way of fixed and floating charges over the assets of the company. The hire purchase contracts are secured on the assets they are financing.

11.	RELATED PARTY DISCLOSURES

Included within other creditors is a loan to the company from the director, A S Tomlinson. The balance owing at 27 February 2025 was £47,782 (2024: £45,932). The loan was made on an interest free basis and is repayable on demand.

Included within creditors due in more than one year is a loan to the company from L V Tomlinson and Son Limited, the ultimate parent company.The balance outstanding at 27 February 2025 was £170,170 (2024: £170,170). The loan was made on an interest free basis and is not repayable within 12 months.

Included within creditors due in more than one year is a loan to the company from L. V. Tomlinson Holdings Limited. The balance outstanding at 27 February 2025 was £183,302 (2024: £183,302). The loan was made on an interest free basis and is not repayable within 12 months.

The company farms 61 acres of land which is jointly owned by A S Tomlinson and J L Tomlinson. The company receives all the income and bears all the costs, but pays no rent.