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REGISTERED NUMBER: 00201364 (England and Wales)





AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH JUNE 2024

FOR

THE BLACKMOOR ESTATE LIMITED

THE BLACKMOOR ESTATE LIMITED (REGISTERED NUMBER: 00201364)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE BLACKMOOR ESTATE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30TH JUNE 2024







DIRECTORS: The Hon. T.J. Palmer
Lord Selborne
Ms V.E Baum
P Cherry
G H Palmer



SECRETARY: Ms V.E Baum



REGISTERED OFFICE: Estate Office
Blackmoor
Liss
Hampshire
GU33 6BS



REGISTERED NUMBER: 00201364 (England and Wales)



AUDITORS: Shaw Gibbs (Audit) Limited
Chartered Certified Accountants
Statutory Auditor
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ



SOLICITORS: Messrs Godwins
12 St Thomas Street
Winchester
Hampshire
SO23 9HF

THE BLACKMOOR ESTATE LIMITED (REGISTERED NUMBER: 00201364)

BALANCE SHEET
30TH JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,869 17,224
Tangible assets 5 29,372,220 29,226,917
Investments 6 251,783 187,641
29,633,872 29,431,782

CURRENT ASSETS
Stocks 905,503 827,385
Debtors 7 369,834 342,413
Cash at bank and in hand 612,435 1,017,946
1,887,772 2,187,744
CREDITORS
Amounts falling due within one year 8 607,055 621,424
NET CURRENT ASSETS 1,280,717 1,566,320
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,914,589

30,998,102

CREDITORS
Amounts falling due after more than one
year

9

(3,559,413

)

(3,626,333

)

PROVISIONS FOR LIABILITIES (2,500,000 ) (2,500,000 )
NET ASSETS 24,855,176 24,871,769

CAPITAL AND RESERVES
Called up share capital 22,401 22,400
Revaluation reserve 11 25,075,761 25,075,761
Retained earnings (242,986 ) (226,392 )
SHAREHOLDERS' FUNDS 24,855,176 24,871,769

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th March 2025 and were signed on its behalf by:




Lord Selborne - Director


THE BLACKMOOR ESTATE LIMITED (REGISTERED NUMBER: 00201364)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30TH JUNE 2024


1. STATUTORY INFORMATION

The Blackmoor Estate 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.

Turnover
Turnover is the net amount invoiced for goods or services, excluding value added tax. In the Estate, turnover from rental of land and buildings, whether invoiced in advance or in arrears, is recognised across the period it is receivable.

Sales of fruit are recognised on receipt of the self billing invoice from the fruit packing agent.

In the Nursery, sales of trees and plants are recognised when the goods are despatched to the customer.

In the Farm turnover is recognised once the crop is harvested and sold.

Cider sales are recognised when the goods are despatched to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of three 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.

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

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the assets capable of operating as intended.

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.
Land - nil
Freehold buildings - 0.5% straight line, 5% straight line and 25% straight line
Plant and machinery etc - 25% straight line

THE BLACKMOOR ESTATE LIMITED (REGISTERED NUMBER: 00201364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


2. ACCOUNTING POLICIES - continued

Stocks
In the Farm and Orchard amounts spent in preparing land and trees for future seasons and crops - including seeds, fertilisers and labour are called tillages. These are treated as stock and valued at cost.

In the Nursery certain plants are grown on for a number of years before being sold. The initial cost of these plants is increased each year by the estimated cost of spraying, pruning etc.

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

Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

THE BLACKMOOR ESTATE LIMITED (REGISTERED NUMBER: 00201364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 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.

Government grants
Government grants receivable in respect of revenue items are credited to the profit and loss account in the period in which they become receivable.

Government grants receivable in respect of capital expenditure is deducted from the purchase price or development cost of the related asset.

Investments
Unlisted investments are included at cost less impairment where it is not possible to measure fair value reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2023 - 29 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1st July 2023
and 30th June 2024 22,600 3,235 25,835
AMORTISATION
At 1st July 2023 7,533 1,078 8,611
Charge for year 6,277 1,078 7,355
At 30th June 2024 13,810 2,156 15,966
NET BOOK VALUE
At 30th June 2024 8,790 1,079 9,869
At 30th June 2023 15,067 2,157 17,224

THE BLACKMOOR ESTATE LIMITED (REGISTERED NUMBER: 00201364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st July 2023 30,315,750 827,940 31,143,690
Additions 337,447 63,263 400,710
Disposals - (78,659 ) (78,659 )
At 30th June 2024 30,653,197 812,544 31,465,741
DEPRECIATION
At 1st July 2023 1,402,632 514,141 1,916,773
Charge for year 135,085 93,557 228,642
Eliminated on disposal - (51,894 ) (51,894 )
At 30th June 2024 1,537,717 555,804 2,093,521
NET BOOK VALUE
At 30th June 2024 29,115,480 256,740 29,372,220
At 30th June 2023 28,913,118 313,799 29,226,917

Included in cost or valuation of land and buildings is freehold land of £ 13,259,572 (2023 - £ 13,259,572 ) which is not depreciated.

Cost or valuation at 30th June 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost 30,653,197 812,544 31,465,741

6. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Other investments not loans 64,603 461
Other loans 187,180 187,180
251,783 187,641

THE BLACKMOOR ESTATE LIMITED (REGISTERED NUMBER: 00201364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


6. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Other
investments
£   
COST OR VALUATION
At 1st July 2023 461
Additions 64,142
At 30th June 2024 64,603
NET BOOK VALUE
At 30th June 2024 64,603
At 30th June 2023 461

Cost or valuation at 30th June 2024 is represented by:

Other
investments
£   
Cost 64,603
Other
loans
£   
At 1st July 2023
and 30th June 2024 187,180

The other loans relate to loans made to staff. None of these staff are, or have been directors at any time.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 214,885 108,446
Other debtors 154,949 233,967
369,834 342,413

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 155,141 123,206
Hire purchase contracts 12,724 9,236
Trade creditors 206,307 170,596
Taxation and social security 39,604 46,972
Other creditors 193,279 271,414
607,055 621,424

THE BLACKMOOR ESTATE LIMITED (REGISTERED NUMBER: 00201364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,549,075 3,572,479
Hire purchase contracts 10,338 13,854
Other creditors - 40,000
3,559,413 3,626,333

Amounts falling due in more than five years:

Repayable by instalments
Bank loans repayable by
instalments in more than 5
years 2,917,950 3,063,809
2,917,950 3,063,809

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 3,704,216 3,695,685
Hire purchase contracts 23,062 23,090
3,727,278 3,718,775

The bank loans are secured by way of a mortgage deed over specific properties and land owned by the company.

11. RESERVES
Revaluation
reserve
£   
At 1st July 2023
and 30th June 2024 25,075,761

12. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Barr FCA (Senior Statutory Auditor)
for and on behalf of Shaw Gibbs (Audit) Limited

THE BLACKMOOR ESTATE LIMITED (REGISTERED NUMBER: 00201364)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30TH JUNE 2024


13. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements - 122,275

14. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £205,501 (2023: £133,439).

15. DEFERRED TAX

A deferred tax asset of £348,000 (2023: £348,000) has not been provided for as it is not considered likely that sufficient taxable profits to recover the asset will be generated in the foreseeable future.