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REGISTERED NUMBER: 01099192 (England and Wales)















S.H. BROWN (FARMS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

5 APRIL 2023






S.H. BROWN (FARMS) LIMITED (REGISTERED NUMBER: 01099192)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


S.H. BROWN (FARMS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2023







DIRECTORS: S K Brown
J R Brown





SECRETARY: S K Brown





REGISTERED OFFICE: The Old Rectory
West End
Winteringham
Scunthorpe
North Lincolnshire
DN15 9NR





REGISTERED NUMBER: 01099192 (England and Wales)






S.H. BROWN (FARMS) LIMITED (REGISTERED NUMBER: 01099192)

ABRIDGED BALANCE SHEET
5 APRIL 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,221,267 1,255,095

CURRENT ASSETS
Stocks 626,585 424,447
Debtors 131,328 185,835
Cash at bank 4,542 17,284
762,455 627,566
CREDITORS
Amounts falling due within one year 835,605 739,578
NET CURRENT LIABILITIES (73,150 ) (112,012 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,148,117

1,143,083

CREDITORS
Amounts falling due after more than one
year

5

(865,850

)

(902,271

)

PROVISIONS FOR LIABILITIES (155,390 ) (121,353 )
NET ASSETS 126,877 119,459

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 7 838,350 882,449
Retained earnings (712,473 ) (763,990 )
SHAREHOLDERS' FUNDS 126,877 119,459

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2023 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.

S.H. BROWN (FARMS) LIMITED (REGISTERED NUMBER: 01099192)

ABRIDGED BALANCE SHEET - continued
5 APRIL 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 5 April 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 3 November 2023 and were signed on its behalf by:




S K Brown - Director



J R Brown - Director


S.H. BROWN (FARMS) LIMITED (REGISTERED NUMBER: 01099192)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2023


1. STATUTORY INFORMATION

S.H. Brown (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.

The financial statements have been prepared on a going concern basis, notwithstanding the net current liabilities of £73,150. The directors expect the company to remain a going concern given the continuing support of the bank, related company and the directors themselves.

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 - in accordance with the property
Plant and machinery etc - 25% on reducing balance and 20% on reducing balance

Stocks
Stocks are stated at the lower of cost and net realisable value. Cost is computed on the first in first out basis. The cost of work in progress and finished goods includes all production overheads and depreciation and the attributable proportion of indirect overheads based on normal level of activity. Net realisable value is based on estimated selling price less the estimated cost of disposal.


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

S.H. BROWN (FARMS) LIMITED (REGISTERED NUMBER: 01099192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023


4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 6 April 2022 1,541,867
Additions 2,485
At 5 April 2023 1,544,352
DEPRECIATION
At 6 April 2022 286,772
Charge for year 36,313
At 5 April 2023 323,085
NET BOOK VALUE
At 5 April 2023 1,221,267
At 5 April 2022 1,255,095

Cost or valuation at 5 April 2023 is represented by:

Totals
£   
Valuation in 2016 755,277
Cost 789,075
1,544,352

If leasehold land and buildings had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 353,751 353,751
Aggregate depreciation 310,695 310,695

Leasehold land and buildings were valued on a continuing use basis on 5 April 2016 by the directors .

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2023 2022
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 713,213 755,706

S.H. BROWN (FARMS) LIMITED (REGISTERED NUMBER: 01099192)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2023


6. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank overdrafts 498,945 381,627
Bank loans 903,667 937,117
1,402,612 1,318,744

The Directors have given personal guarantees as security on the company's overdraft and bank loan as at 5 April 2023.

7. RESERVES
Revaluation
reserve
£   
At 6 April 2022 882,449
Property revaluation
depreciation (10,062 )
Deferred tax on revaluations (34,037 )

At 5 April 2023 838,350

8. RELATED PARTY DISCLOSURES

Included in other creditors is a balance of £102,446 (2022: £121,791) due to the directors. The loan is interest free and has no formal repayment terms.




9. CONTROLLING PARTY

The controlling party for the company during the financial year was S H Brown by virtue of his ownership of 100% of the issued share capital of the company. On 3 May 2023 these shares transferred to the executors of S H Brown.