Hartpury Annual Report July 2025

Hartpury University Annual Report and Financial Statements > 2024/2025

Notes to the Financial Statements (continued) Year Ended 31 July 2025

10. Non-current investments

Group 2025 University 2025

Group 2024

University 2024

£

£

£

£

Investment in the ordinary share capital of subsidiary undertakings at cost

-

103

-

202

-

103

-

202

The University holds 100% of the issued ordinary share capital of the following subsidiary undertakings, incorporated in Great Britain, which have been consolidated in the financial statements.

Name of Subsidiary

Country of Registration

Principal Activity

Hartpury College of Further Education

England and Wales

Provision of education

Rudgeley Services Limited

England and Wales

Provision of transport and property services

Hartpury Rugby Limited

England and Wales

Provision of sporting services

Hartpury Football Club Limited

England and Wales

Provision of sporting service

In October 2023, Hartpury University entered into a joint venture, Gloucester Hartpury Rugby Limited, with Gloucester Rugby Limited. The Corporation holds a 50% equity interest in the joint venture.

The investment is accounted for using the equity method in the consolidated financial statements. At the year end, Hartpury’s share of the joint venture’s loss for the period was £2,604.

On 11 November 2025, Limbury Limited, a wholly owned subsidiary of the Hartpury Group, was formally dissolved and removed from the Companies House register. The company had been dormant for a number of years and its dissolution has no impact on the Group’s consolidated Statement of Comprehensive Income, Balance Sheet, or cash flows.

The carrying value of any remaining investment in the subsidiary has been written off in the current year, and there are no further obligations or liabilities relating to the dissolved company.

11. Stock

Group 2025 £

University 2025 £

Group 2024 £

University 2024 £

Farm, livestock, produce and stores

677,411

677,411

733,528

733,528

677,411

677,411

733,528

733,528

60