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REGISTERED NUMBER: 08828704 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Global Berry Ltd

Global Berry Ltd (Registered number: 08828704)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Global Berry Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: M J Evans





REGISTERED OFFICE: Global Berry Farm
Chilton Cantelo
Yeovil
Somerset
BA22 8BE





REGISTERED NUMBER: 08828704 (England and Wales)





ACCOUNTANTS: A C Mole LLP
Chartered Accountants
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

Global Berry Ltd (Registered number: 08828704)

Balance Sheet
30 June 2024

2024 2023
as restated
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 417 667
Tangible assets 5 15,665,978 16,281,976
15,666,395 16,282,643

CURRENT ASSETS
Debtors 6 1,664,122 2,012,798
Cash at bank and in hand - 178,991
1,664,122 2,191,789
CREDITORS
Amounts falling due within one year 7 7,911,382 11,450,314
NET CURRENT LIABILITIES (6,247,260 ) (9,258,525 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,419,135

7,024,118

CREDITORS
Amounts falling due after more than one
year

8

(9,527,398

)

(9,890,049

)

PROVISIONS FOR LIABILITIES 12 (990,236 ) (950,953 )
NET LIABILITIES (1,098,499 ) (3,816,884 )

CAPITAL AND RESERVES
Called up share capital 13 3,053,572 3,053,572
Retained earnings (4,152,071 ) (6,870,456 )
SHAREHOLDERS' FUNDS (1,098,499 ) (3,816,884 )

Global Berry Ltd (Registered number: 08828704)

Balance Sheet - continued
30 June 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 26 June 2025 and were signed by:





M J Evans - Director


Global Berry Ltd (Registered number: 08828704)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Global Berry 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

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.

On 24 May 2023, Global Berry Limited entered into a Company Voluntary Arrangement or "CVA".

As part of the CVA process, the final dividend was declared payable to the creditors on 15 April 2024 and the resulting adjustments are reflected within the accounts at the balance sheet date, 30 June 2024. The CVA had not been concluded at the balance sheet date.

The Director considers it appropriate to prepare the accounts on a going concern basis, as a plan is in place, through the CVA, to enable the company to continue to trade. The accounts therefore do not include any of the adjustments which would be required if the going concern basis of accounting was not adopted.

Turnover
Turnover represents rental income, recharge income and income received from renewable heat incentives. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

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.

Computer software is being amortised evenly over its estimated useful life of four years.

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 - NIL %
Property improvements - 10% on cost
Plant and machinery - Straight line over 15 years
Motor vehicles - 20% on cost
Computer equipment - 25% on cost

Tangible fixed assets are stated at cost, with the exception of freehold properties which are stated at fair value, with movements in fair value being recognised in the income statement in the year of revaluation.

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.


Global Berry Ltd (Registered number: 08828704)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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.

Prior period adjustment
Where corrections are required to comparative figures, these are adjusted in the earliest period to which they relate. Details of such restatements are included in note 6.

Prepayments and accrued income
Expenditure and income are recognised in the year to which they relate. Where expenditure has been paid but not yet incurred or income has been earned and not yet received, a prepayment or accrued income adjustment is recognised accordingly.

Transactions arising from creditors' voluntary arrangement
During the year, a final dividend was declared payable to the creditors on 15 April 2024. As a result, the following transactions have been recognised at the balance sheet date, 30 June 2024:

£3,369,039 has been recognised within other operating income, which relates to creditor balances written off as part of the final dividend distribution.

£94,934 has been recognised within administrative expenses and relates to expenditure incurred during the CVA process.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 74 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 1,000
AMORTISATION
At 1 July 2023 333
Charge for year 250
At 30 June 2024 583
NET BOOK VALUE
At 30 June 2024 417
At 30 June 2023 667

Global Berry Ltd (Registered number: 08828704)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS
Assets
Freehold Property under
property improvements construction
£    £    £   
COST OR VALUATION
At 1 July 2023 10,902,756 233,621 244,843
Additions - 18,000 -
Disposals - - (195,689 )
Reclassification/transfer - - (49,154 )
At 30 June 2024 10,902,756 251,621 -
DEPRECIATION
At 1 July 2023 - 80,652 -
Charge for year - 23,520 -
At 30 June 2024 - 104,172 -
NET BOOK VALUE
At 30 June 2024 10,902,756 147,449 -
At 30 June 2023 10,902,756 152,969 244,843

Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 July 2023 5,599,453 155,591 36,180 17,172,444
Additions 3,255 - - 21,255
Disposals - - - (195,689 )
Reclassification/transfer 49,154 - - -
At 30 June 2024 5,651,862 155,591 36,180 16,998,010
DEPRECIATION
At 1 July 2023 713,839 86,034 9,943 890,468
Charge for year 385,488 24,273 8,283 441,564
At 30 June 2024 1,099,327 110,307 18,226 1,332,032
NET BOOK VALUE
At 30 June 2024 4,552,535 45,284 17,954 15,665,978
At 30 June 2023 4,885,614 69,557 26,237 16,281,976

Cost or valuation at 30 June 2024 is represented by:

Freehold Property Plant and
property improvements machinery
£    £    £   
Valuation in 2021 935,920 - -
Cost 9,966,836 251,621 5,651,862
10,902,756 251,621 5,651,862

Motor Computer
vehicles equipment Totals
£    £    £   
Valuation in 2021 - - 935,920
Cost 155,591 36,180 16,062,090
155,591 36,180 16,998,010

Global Berry Ltd (Registered number: 08828704)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 13,410 101,542
Amounts owed by related parties 423,194 658,337
Other debtors 4,899 19,946
Prepayments and accrued income 1,222,619 1,232,973
1,664,122 2,012,798

The company had the following amounts receivable from related parties at the balance sheet date:

Isle Fruits (Somerset) Limited£413,144
Essendon Capital Limited£25
Lavendar Group Limited£25
Richburns Limited£10,000

Included within prepayments and accrued income is an accrued income amount totalling £1,210,749 (2023: £1,120,749) which relates to recharge income that is due to be invoiced post year-end to Isle Fruits Limited, a related party company.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts (see note 9) 3,625,055 3,658,768
Hire purchase contracts (see note 10) 63,337 185,027
Trade creditors 18,287 3,753,565
Amounts owed to related parties 300,003 61,562
Tax 66,793 -
Social security and other taxes - 363,240
VAT 10,178 6,440
Loans and borrowings 2,052,200 1,811,420
Other creditors 37,425 65,818
Deferred consideration 1,200,000 1,200,000
Directors' current accounts 250,000 250,000
Accrued expenses 288,104 94,474
7,911,382 11,450,314

The company had an amount payable to Angus Soft Fruits Limited of £300,003 (2023: £NIL), a related party company.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
as restated
£    £   
Bank loans (see note 9) 3,632,537 3,926,617
Hire purchase contracts (see note 10) 32,548 101,119
Amounts owed to related parties 4,062,313 4,062,313
Deferred consideration 1,800,000 1,800,000
9,527,398 9,890,049

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,482,515 2,802,895

Global Berry Ltd (Registered number: 08828704)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
as restated
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 2,168,651 2,170,271
Bank loans 1,456,404 1,488,497
3,625,055 3,658,768

Amounts falling due between two and five years:
Bank loans - 2-5 years 1,150,022 1,123,722

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,482,515 2,802,895

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
as restated
£    £   
Net obligations repayable:
Within one year 63,337 185,027
Between one and five years 32,548 101,119
95,885 286,146

Non-cancellable operating leases
2024 2023
as restated
£    £   
Within one year 33,707 35,959
Between one and five years 26,110 59,817
59,817 95,776

Global Berry Ltd (Registered number: 08828704)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
as restated
£    £   
Bank overdrafts 2,168,651 2,170,271
Hire purchase contracts 95,885 286,146
Bank loans 5,088,940 5,376,445
Deferred consideration 3,000,000 3,000,000
10,353,476 10,832,862

Bank loans and overdrafts are secured by fixed and floating charges over the assets of the company.

Deferred consideration is secured against the land and buildings at Bradon Farm.

Obligations under finance leases and hire purchase contracts are secured on the underlying assets.

12. PROVISIONS FOR LIABILITIES
2024 2023
as restated
£    £   
Deferred tax
Other timing differences 234,000 234,000
Accelerated capital allowances 756,236 716,953
990,236 950,953

Deferred
tax
£   
Balance at 1 July 2023
Prior year adjustment 950,953
As restated 950,953
Provided during year 39,283
Balance at 30 June 2024 990,236

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
100 A Shares £1 100 100
3,053,472 B Shares £1 3,053,472 3,053,472
3,053,572 3,053,572

Global Berry Ltd (Registered number: 08828704)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

14. RELATED PARTY DISCLOSURES

During the year companies which are under the control of a shareholder in the company provided loans to the company totalling £1,315,200 (2023: £1,315,200). At the balance sheet date £1,315,200 (2023: £1,315,200) was outstanding.

At the year-end, an amount totalling £413,144 (2023: £NIL) was owed by the company to Isle Fruits (Somerset) Limited which is shown within debtors due within one year. An amount totalling £4,062,313 (2023: £4,062,313) was owed from the company to Bradon Soft Fruit Farm Limited which is shown within creditors due after one year. Both are related party companies.

The company also received loans from it's director of £250,000 which remained outstanding at the balance sheet date.

15. TRADING SUBSIDIARY IN LIQUIDATION

The company's main trading subsidiary, Bradon Soft Fruit Farm Limited, entered into liquidation in March 2023. The liquidation was not concluded at the balance sheet date, 30 June 2024, and therefore the amounts owed by the company to Bradon Soft Fruit Farm Limited remain recognised in full in these accounts.