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REGISTERED NUMBER: 00457089 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 September 2024

for

A.e. Brown (Farms) Limited

A.e. Brown (Farms) Limited (Registered number: 00457089)

Contents of the Financial Statements
for the Year Ended 29 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.e. Brown (Farms) Limited

Company Information
for the Year Ended 29 September 2024







DIRECTORS: D M H Brown
Mrs A J Brown





SECRETARY: D M H Brown





REGISTERED OFFICE: Hale Manor Farm
Hale Common
Newport
Isle of Wight
PO30 3AR





REGISTERED NUMBER: 00457089 (England and Wales)





ACCOUNTANTS: Glents Services Limited
Brightfield Business Hub
Bakewell Road
Peterborough
Cambridgeshire
PE2 6XU

A.e. Brown (Farms) Limited (Registered number: 00457089)

Balance Sheet
29 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,159,532 3,169,189
Investments 5 100 100
3,159,632 3,169,289

CURRENT ASSETS
Stocks 262,140 208,889
Debtors 6 1,239,387 3,800,949
Cash at bank and in hand 17,687 4,583
1,519,214 4,014,421
CREDITORS
Amounts falling due within one year 7 924,774 891,493
NET CURRENT ASSETS 594,440 3,122,928
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,754,072

6,292,217

CREDITORS
Amounts falling due after more than
one year

8

(1,449,795

)

(1,560,062

)

PROVISIONS FOR LIABILITIES 9 (121,284 ) (114,370 )
NET ASSETS 2,182,993 4,617,785

A.e. Brown (Farms) Limited (Registered number: 00457089)

Balance Sheet - continued
29 September 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Revaluation reserve 10 351,538 351,538
Retained earnings 1,811,455 4,246,247
2,182,993 4,617,785

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 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.

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 23 June 2025 and were signed on its behalf by:





D M H Brown - Director


A.e. Brown (Farms) Limited (Registered number: 00457089)

Notes to the Financial Statements
for the Year Ended 29 September 2024


1. STATUTORY INFORMATION

A.e. Brown (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.

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


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.

These financial statements have been prepared for A.E. Brown (Farms) Limited as a single entity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Plant and machinery - 15% on reducing balance
Tractors and combines etc - 20% on reducing balance
Computer equipment - 33% 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.

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.


A.e. Brown (Farms) Limited (Registered number: 00457089)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024


2. ACCOUNTING POLICIES - continued
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 contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2023 - 48 ) .

A.e. Brown (Farms) Limited (Registered number: 00457089)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 30 September 2023 644,968 2,805,043 1,130,619
Additions - 3,540 17,200
Disposals - - (9,950 )
At 29 September 2024 644,968 2,808,583 1,137,869
DEPRECIATION
At 30 September 2023 350,973 172,694 1,013,285
Charge for year 12,900 55,683 18,688
Eliminated on disposal - - (9,353 )
At 29 September 2024 363,873 228,377 1,022,620
NET BOOK VALUE
At 29 September 2024 281,095 2,580,206 115,249
At 29 September 2023 293,995 2,632,349 117,334

A.e. Brown (Farms) Limited (Registered number: 00457089)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024


4. TANGIBLE FIXED ASSETS - continued

Tractors
and
combines Computer
etc equipment Totals
£    £    £   
COST
At 30 September 2023 503,825 4,331 5,088,786
Additions 187,000 310 208,050
Disposals (147,850 ) - (157,800 )
At 29 September 2024 542,975 4,641 5,139,036
DEPRECIATION
At 30 September 2023 378,314 4,331 1,919,597
Charge for year 45,676 31 132,978
Eliminated on disposal (63,718 ) - (73,071 )
At 29 September 2024 360,272 4,362 1,979,504
NET BOOK VALUE
At 29 September 2024 182,703 279 3,159,532
At 29 September 2023 125,511 - 3,169,189

5. FIXED ASSET INVESTMENTS
Interest
in other
participati
interests
£   
COST
At 30 September 2023
and 29 September 2024 100
NET BOOK VALUE
At 29 September 2024 100
At 29 September 2023 100

A.e. Brown (Farms) Limited (Registered number: 00457089)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 78,687 80,085
Other debtors 1,160,700 3,720,864
1,239,387 3,800,949

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 559,239 565,185
Hire purchase contracts 21,875 -
Trade creditors 244,456 255,926
Taxation and social security 61,903 46,538
Other creditors 37,301 23,844
924,774 891,493

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 1,406,045 1,560,062
Hire purchase contracts 43,750 -
1,449,795 1,560,062

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 121,284 114,370

A.e. Brown (Farms) Limited (Registered number: 00457089)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024


9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 30 September 2023 114,370
Capital allowances in excess
of depreciation (63,298 )
Losses 70,212
Balance at 29 September 2024 121,284

10. RESERVES
Revaluatio
reserve
£   
At 30 September 2023
and 29 September 2024 351,538

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D M H Brown.