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REGISTERED NUMBER: 07520168 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

G & B B HOULBROOKE & SON LTD

G & B B HOULBROOKE & SON LTD (REGISTERED NUMBER: 07520168)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


G & B B HOULBROOKE & SON LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: C G Houlbrooke
Mrs D L Houlbrooke
T Houlbrooke





REGISTERED OFFICE: Siddington Farm
Leddington
Ledbury
Herefordshire
HR8 2LN





REGISTERED NUMBER: 07520168 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

G & B B HOULBROOKE & SON LTD (REGISTERED NUMBER: 07520168)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 314,929 347,911

CURRENT ASSETS
Stocks 406,999 388,244
Debtors 5 388,817 273,378
Cash in hand 7,469 5,259
803,285 666,881
CREDITORS
Amounts falling due within one year 6 420,494 421,875
NET CURRENT ASSETS 382,791 245,006
TOTAL ASSETS LESS CURRENT
LIABILITIES

697,720

592,917

CREDITORS
Amounts falling due after more than one
year

7

(542,916

)

(534,737

)

PROVISIONS FOR LIABILITIES (57,897 ) (57,679 )
NET ASSETS 96,907 501

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 96,857 451
SHAREHOLDERS' FUNDS 96,907 501

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

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

G & B B HOULBROOKE & SON LTD (REGISTERED NUMBER: 07520168)

BALANCE SHEET - continued
31 DECEMBER 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 21 February 2025 and were signed on its behalf by:




C G Houlbrooke - Director Mrs D L Houlbrooke - Director




T Houlbrooke - Director


G & B B HOULBROOKE & SON LTD (REGISTERED NUMBER: 07520168)

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

1. STATUTORY INFORMATION

G & B B Houlbrooke & Son Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Accounting convention
These financial statements have been prepared in accordance with the provision of section 1A "Small entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Buildings and irrigation - 10% on cost, 10% on reducing balance and 4% on cost
Plant and machinery - 20% on reducing balance and 10% on reducing balance
Motor vehicles - 25% on reducing balance
Tractors - 25% on reducing balance

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 directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

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.

G & B B HOULBROOKE & SON LTD (REGISTERED NUMBER: 07520168)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and 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.

Going concern
The directors have considered the risks and issues concerning the company and it's activities and no material uncertainties that may cast significant doubt about the company's ability of the company to continue as a going concern have been identified.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 34 (2023 - 37 ) .

4. TANGIBLE FIXED ASSETS
Buildings
and Plant and Motor
irrigation machinery vehicles Tractors Totals
£    £    £    £    £   
COST
At 1 January 2024 151,357 733,933 34,364 41,330 960,984
Additions - 7,725 - - 7,725
Disposals - (2,820 ) - (6,804 ) (9,624 )
At 31 December 2024 151,357 738,838 34,364 34,526 959,085
DEPRECIATION
At 1 January 2024 70,360 474,396 30,287 38,030 613,073
Charge for year 5,170 29,802 754 806 36,532
Eliminated on disposal - (2,523 ) - (2,926 ) (5,449 )
At 31 December 2024 75,530 501,675 31,041 35,910 644,156
NET BOOK VALUE
At 31 December 2024 75,827 237,163 3,323 (1,384 ) 314,929
At 31 December 2023 80,997 259,537 4,077 3,300 347,911

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,964 4,272
Other debtors 159,604 132,405
Directors' loan accounts 208,284 127,463
VAT 13,965 9,238
388,817 273,378

G & B B HOULBROOKE & SON LTD (REGISTERED NUMBER: 07520168)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 265,870 251,555
Trade creditors 98,251 121,964
Corporation Tax 37,699 20,838
Social security and other taxes 5,191 4,276
Other creditors 112 -
Directors' loan accounts - 876
Accrued expenses 13,371 22,366
420,494 421,875

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 43,519 37,452
Bank loans - 2-5 years 104,660 88,647
Bank loans more 5 yrs non-inst 394,737 408,638
542,916 534,737

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 394,737 408,638

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 217,659 210,014
Bank loans 591,127 576,278
808,786 786,292

9. OTHER FINANCIAL COMMITMENTS

The company had rental commitments at the Balance Sheet date of £19,402.

G & B B HOULBROOKE & SON LTD (REGISTERED NUMBER: 07520168)

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

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024 2023
£    £   
C G Houlbrooke
Balance outstanding at start of year 127,463 106,831
Amounts advanced 92,872 217,395
Amounts repaid (17,041 ) (196,763 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 203,294 127,463

T Houlbrooke
Balance outstanding at start of year (876 ) -
Amounts advanced 5,227 -
Amounts repaid - (876 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,351 (876 )

Interest has been charged where applicable on the above loan at the HMRC official rate. There are no set repayment terms.