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REGISTERED NUMBER: 02190310 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Ouse Bridge Farms Limited

Ouse Bridge Farms Limited (Registered number: 02190310)

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


Ouse Bridge Farms Limited

Company Information
for the Year Ended 31 December 2024







Directors: Mr J J Martin
Mrs N S Martin
Mr S J Martin
Mr B C Martin





Secretary: Mr J J Martin





Registered office: Ouse Bridge Farm
Denver Sluice
Downham Market
Norfolk
PE38 0EH





Registered number: 02190310 (England and Wales)





Accountants: Stephenson Smart (East Anglia) Limited
Chartered Accountants
22-26 King Street
King's Lynn
Norfolk
PE30 1HJ

Ouse Bridge Farms Limited (Registered number: 02190310)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £ £
Fixed assets
Intangible assets 5 3,080 4,620
Tangible assets 6 99,966 94,056
Investments 7 252,755 238,324
355,801 337,000

Current assets
Stocks 331,147 296,039
Debtors 8 105,563 340,756
Cash at bank 759,431 599,561
1,196,141 1,236,356
Creditors
Amounts falling due within one year 9 (139,902 ) (170,383 )
Net current assets 1,056,239 1,065,973
Total assets less current liabilities 1,412,040 1,402,973

Provisions for liabilities (38,282 ) (21,362 )
Net assets 1,373,758 1,381,611

Capital and reserves
Called up share capital 8 8
Share premium 10 24 24
Capital redemption reserve 10 100 100
Retained earnings 10 1,373,626 1,381,479
1,373,758 1,381,611

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.

Ouse Bridge Farms Limited (Registered number: 02190310)

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 28 April 2025 and were signed on its behalf by:





Mr J J Martin - Director


Ouse Bridge Farms Limited (Registered number: 02190310)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. Statutory information

Ouse Bridge 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. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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.

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.

Entitlements are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 25% p.a. reducing balance
Motor vehicles - 25% p.a. 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.

The deemed cost of harvested crops is based on 75% of its expected sales value in accordance with BEN19.

Ouse Bridge Farms Limited (Registered number: 02190310)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


3. Accounting policies - continued

Financial instruments
The company classifies its financial instruments in the following categories: measured at amortised cost; and measured at fair value through profit and loss. The classification is determined at initial recognition and depends on the purpose for which the financial instruments are required.

Measured at amortised cost includes non-derivative financial assets and liabilities with fixed or determinable payments that are not quoted in an active market. Financial assets are included in current assets, except where the maturity date is more than 12 months after the end of the reporting period. They are initially recorded at fair value and subsequently recorded at amortised cost. Financial liabilities are included in current liabilities, except where the maturity date is more than 12 months after the end of the reporting period. They are initially measured at original cost, less amortisation or provisions raised.

Measured at fair value through profit and loss includes financial assets and liabilities. They are classified according to maturity date, within current and non-current assets and liabilities respectively.

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.

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 pension contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separated entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Ouse Bridge Farms Limited (Registered number: 02190310)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


3. Accounting policies - continued

Valuation of investments
Investments in listed company shares are remeasured to the market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

4. Employees and directors

The average number of employees during the year was 3 (2023 - 2 ) .

5. Intangible fixed assets
Entitlements
£
Cost
At 1 January 2024
and 31 December 2024 7,700
Amortisation
At 1 January 2024 3,080
Amortisation for year 1,540
At 31 December 2024 4,620
Net book value
At 31 December 2024 3,080
At 31 December 2023 4,620

6. Tangible fixed assets
Plant and Motor
machinery vehicles Totals
£ £ £
Cost
At 1 January 2024 560,830 21,000 581,830
Additions 29,399 - 29,399
Disposals (4,000 ) - (4,000 )
At 31 December 2024 586,229 21,000 607,229
Depreciation
At 1 January 2024 470,433 17,341 487,774
Charge for year 18,574 915 19,489
At 31 December 2024 489,007 18,256 507,263
Net book value
At 31 December 2024 97,222 2,744 99,966
At 31 December 2023 90,397 3,659 94,056

Ouse Bridge Farms Limited (Registered number: 02190310)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


7. Fixed asset investments
Other
investments
£
Cost or valuation
At 1 January 2024 238,324
Additions 17,566
Disposals (17,811 )
Revaluations 14,676
At 31 December 2024 252,755
Net book value
At 31 December 2024 252,755
At 31 December 2023 238,324

Cost or valuation at 31 December 2024 is represented by:

Other
investments
£
Valuation in 2022 222,810
Valuation in 2023 15,514
Valuation in 2024 14,431
252,755

8. Debtors: amounts falling due within one year
31.12.24 31.12.23
£ £
Trade debtors 78,923 30,279
Other debtors 26,640 310,477
105,563 340,756

9. Creditors: amounts falling due within one year
31.12.24 31.12.23
£ £
Trade creditors 45,603 8,650
Taxation and social security 52,036 83,884
Other creditors 42,263 77,849
139,902 170,383

Ouse Bridge Farms Limited (Registered number: 02190310)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


10. Reserves
Capital
Retained Share redemption
earnings premium reserve Totals
£ £ £ £

At 1 January 2024 1,381,479 24 100 1,381,603
Profit for the year 160,147 160,147
Dividends (168,000 ) (168,000 )
At 31 December 2024 1,373,626 24 100 1,373,750

Retained earnings


31.12.2431.12.23
£ £
Distributable1,327,6891,334,905
Non-distributable45,93746,574
1,373,6261,381,479