Company No: 01945403 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	4	4,758,859		4,619,252
Investments	5	348,967		335,125
		5,107,826		4,954,377
Current assets
Stocks		147,065		97,787
Debtors	6	290,789		126,036
Cash at bank and in hand		3,503,425		3,994,134
		3,941,279		4,217,957
Creditors: amounts falling due within one year	7	( 1,095,481)		( 1,266,285)
Net current assets		2,845,798		2,951,672
Total assets less current liabilities		7,953,624		7,906,049
Provision for liabilities		( 285,158)		( 209,641)
Net assets		7,668,466		7,696,408
Capital and reserves
Called-up share capital		90		90
Profit and loss account		7,668,376		7,696,318
Total shareholders' funds		7,668,466		7,696,408

For the financial year ending 31 October 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Bybrook Agriculture Limited (registered number: 01945403) were approved and authorised for issue by the Board of Directors on 05 June 2025. They were signed on its behalf by:

Mr C A Bloomer Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bybrook Agriculture Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Hitchcock House, Hilltop Park, Devizes Road, Salisbury, SP3 4UF United Kingdom.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Land and buildings	50 years straight line
Plant and machinery	25 % reducing balance
Vehicles	33 % reducing balance
Fixtures and fittings	25 % reducing balance
Computer equipment	25 % reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

**Classification**
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

**Recognition and measurement**
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	25		26

3. Intangible assets

	Entitlements		Total
	£		£
Cost
At 01 November 2023	6,389		6,389
At 31 October 2024	6,389		6,389
Accumulated amortisation
At 01 November 2023	6,389		6,389
At 31 October 2024	6,389		6,389
Net book value
At 31 October 2024	0		0
At 31 October 2023	0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£		£
Cost
At 01 November 2023	5,807,777		1,333,256		33,333		41,437		0		7,215,803
Additions	0		274,803		52,058		0		745		327,606
At 31 October 2024	5,807,777		1,608,059		85,391		41,437		745		7,543,409
Accumulated depreciation
At 01 November 2023	1,470,656		1,058,055		29,958		37,882		0		2,596,551
Charge for the financial year	72,677		107,479		6,840		890		113		187,999
At 31 October 2024	1,543,333		1,165,534		36,798		38,772		113		2,784,550
Net book value
At 31 October 2024	4,264,444		442,525		48,593		2,665		632		4,758,859
At 31 October 2023	4,337,121		275,201		3,375		3,555		0		4,619,252

Included within the net book value of land and buildings above is £3,320,711 (2023 - £3,325,637) in respect of freehold land and buildings

5. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 November 2023	335,125		335,125
Movement in fair value	13,842		13,842
At 31 October 2024	348,967		348,967
Carrying value at 31 October 2024	348,967		348,967
Carrying value at 31 October 2023	335,125		335,125

6. Debtors

	2024		2023
	£		£
Trade debtors	74,966		83,637
Other debtors	215,823		42,399
	290,789		126,036

7. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	339,077		428,431
Amounts owed to directors	314,286		263,849
Accruals and deferred income	129,412		125,069
Taxation and social security	56,715		188,290
Other creditors	255,991		260,646
	1,095,481		1,266,285