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REGISTERED NUMBER: 01007863 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BROOMER FARM TRADING LIMITED

BROOMER FARM TRADING LIMITED (REGISTERED NUMBER: 01007863)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROOMER FARM TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D A Finnamore
Mrs D Finnamore
P J A Finnamore
Ms K A Moss
Mrs E Grubb
T Grubb
Mrs H E Harries





SECRETARY:





REGISTERED OFFICE: Oakwood Lock Lane
Birdham
Chichester
West Sussex
PO20 7AX





REGISTERED NUMBER: 01007863 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

BROOMER FARM TRADING LIMITED (REGISTERED NUMBER: 01007863)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible assets 4 180,000 240,000
Tangible assets 5 19,020,538 13,814,767
Investments 6 1 4
19,200,539 14,054,771

CURRENT ASSETS
Stocks 85,030 66,320
Debtors 7 1,959,232 4,778,435
Cash at bank and in hand 1,197,953 230,410
3,242,215 5,075,165
CREDITORS
Amounts falling due within one year 8 1,802,592 1,274,106
NET CURRENT ASSETS 1,439,623 3,801,059
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,640,162

17,855,830

CREDITORS
Amounts falling due after more than one year 9 - (4,505,215 )

PROVISIONS FOR LIABILITIES 12 (2,864,689 ) (2,159,531 )
NET ASSETS 17,775,473 11,191,084

CAPITAL AND RESERVES
Called up share capital 71,250 71,250
Revaluation reserve 13 10,789,420 6,264,014
Retained earnings 6,914,803 4,855,820
17,775,473 11,191,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

BROOMER FARM TRADING LIMITED (REGISTERED NUMBER: 01007863)

BALANCE SHEET - continued
31 MARCH 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:





Mrs E Grubb - Director


BROOMER FARM TRADING LIMITED (REGISTERED NUMBER: 01007863)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Broomer Farm Trading Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office can be found on the Company Information page.

The presentational currency of the financial statements is Pound Sterling (£) which is rounded to the nearest Pound (£).

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business, is being amortised over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 33% on cost, 25% on cost and 10% on cost
Fixtures and fittings - 25% on cost and 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost and 25% on cost

Land and properties are recognised at market value.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 section 1A. Basic financial instruments are recognised at amortised cost using effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.


BROOMER FARM TRADING LIMITED (REGISTERED NUMBER: 01007863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and and expense. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 28 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
COST
At 1 April 2023
and 31 March 2024 300,000
AMORTISATION
At 1 April 2023 60,000
Charge for year 60,000
At 31 March 2024 120,000
NET BOOK VALUE
At 31 March 2024 180,000
At 31 March 2023 240,000

BROOMER FARM TRADING LIMITED (REGISTERED NUMBER: 01007863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£ £ £
COST OR VALUATION
At 1 April 2023 13,364,549 1,377,098 14,741,647
Additions - 263,553 263,553
Disposals - (174,692 ) (174,692 )
Revaluations 5,235,451 - 5,235,451
At 31 March 2024 18,600,000 1,465,959 20,065,959
DEPRECIATION
At 1 April 2023 - 926,880 926,880
Charge for year - 149,082 149,082
Eliminated on disposal - (30,541 ) (30,541 )
At 31 March 2024 - 1,045,421 1,045,421
NET BOOK VALUE
At 31 March 2024 18,600,000 420,538 19,020,538
At 31 March 2023 13,364,549 450,218 13,814,767

Cost or valuation at 31 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£ £ £
Valuation in 2002 426,392 - 426,392
Valuation in 2005 997,948 - 997,948
Valuation in 2015 473,019 - 473,019
Valuation in 2020 6,419,262 - 6,419,262
Valuation in 2024 5,235,451 - 5,235,451
Cost 5,047,928 1,465,959 6,513,887
18,600,000 1,465,959 20,065,959

BROOMER FARM TRADING LIMITED (REGISTERED NUMBER: 01007863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 April 2023 4
Additions 1
Disposals (4 )
At 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 4

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 211,418 209,911
Amounts owed by group undertakings - 2,829,802
Other debtors 1,747,814 1,738,722
1,959,232 4,778,435

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 607,222 508,459
Taxation and social security 311,752 192,539
Other creditors 883,618 573,108
1,802,592 1,274,106

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£ £
Bank loans - 3,897,976
Other creditors - 607,239
- 4,505,215

10. LEASING AGREEMENTS
The company is committed to a leasehold agreement which has 73 years remaining on a current ground rent of £71,200 per annum and is also committed to a leasehold agreement which has 977 years remaining with an annual peppercorn rent.

BROOMER FARM TRADING LIMITED (REGISTERED NUMBER: 01007863)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans - 3,897,976

12. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 2,864,689 2,159,531

Deferred tax
£
Balance at 1 April 2023 2,159,531
Provided during year 705,158
Balance at 31 March 2024 2,864,689

13. RESERVES
Revaluation
reserve
£
At 1 April 2023 6,264,014
Deferred tax provision (710,045 )
Land and property revaluation 5,235,451

At 31 March 2024 10,789,420