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Company No: 00471736 (England and Wales)

BROOK FARMS LIMITED

Unaudited Financial Statements
For the financial period from 01 October 2023 to 31 December 2024
Pages for filing with the registrar

BROOK FARMS LIMITED

Unaudited Financial Statements

For the financial period from 01 October 2023 to 31 December 2024

Contents

BROOK FARMS LIMITED

COMPANY INFORMATION

For the financial period from 01 October 2023 to 31 December 2024
BROOK FARMS LIMITED

COMPANY INFORMATION (continued)

For the financial period from 01 October 2023 to 31 December 2024
Directors Anthony Edward Redsell
Adam Paul Jarvis Watkins
Secretary Dr Stephanie Jane Rudgard-Redsell
Registered office Parsonage Farm Office
Nine Ash Lane Boughton-Under-Blean
Faversham
ME13 9SR
United Kingdom
Company number 00471736 (England and Wales)
Accountant Kreston Reeves LLP
37 St Margarets Street
Canterbury
Kent
CT1 2TU
Bankers Handelsbanken
Ground Floor
S Andrew's House
Station Road East
Canterbury
CT1 2BJ
Kent

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BROOK FARMS LIMITED

For the financial period from 01 October 2023 to 31 December 2024

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF
THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BROOK FARMS LIMITED (continued)

For the financial period from 01 October 2023 to 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brook Farms Limited for the financial period ended 31 December 2024 which comprise the Balance Sheet and the related notes 1 to 9 from the Company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/regulation.

It is your duty to ensure that Brook Farms Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brook Farms Limited. You consider that Brook Farms Limited is exempt from the statutory audit requirement for the financial period.

We have not been instructed to carry out an audit or a review of the financial statements of Brook Farms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

This report is made solely to the Board of Directors of Brook Farms Limited, as a body, in accordance with the terms of our engagement letter dated 30 November 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Brook Farms Limited and state those matters that we have agreed to state to the Board of Directors of Brook Farms Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brook Farms Limited and its Board of Directors as a body for our work or for this report.

Kreston Reeves LLP
Chartered Accountants

37 St Margarets Street
Canterbury
Kent
CT1 2TU

23 July 2025

BROOK FARMS LIMITED

BALANCE SHEET

As at 31 December 2024
BROOK FARMS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 31.12.2024 30.09.2023
£ £
Fixed assets
Tangible assets 4 2,877,002 2,424,622
2,877,002 2,424,622
Current assets
Stocks 1,471,317 1,620,366
Debtors 5 302,039 376,272
Cash at bank and in hand 6 3 3
1,773,359 1,996,641
Creditors: amounts falling due within one year 7 ( 492,895) ( 768,606)
Net current assets 1,280,464 1,228,035
Total assets less current liabilities 4,157,466 3,652,657
Creditors: amounts falling due after more than one year 8 ( 459,542) ( 333,965)
Provision for liabilities 9 ( 367,447) ( 268,581)
Net assets 3,330,477 3,050,111
Capital and reserves
Called-up share capital 19,734 19,734
Profit and loss account 3,310,743 3,030,377
Total shareholders' funds 3,330,477 3,050,111

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

Directors' responsibilities:

The financial statements of Brook Farms Limited (registered number: 00471736) were approved and authorised for issue by the Board of Directors on 23 July 2025. They were signed on its behalf by:

Anthony Edward Redsell
Director
Adam Paul Jarvis Watkins
Director
BROOK FARMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 October 2023 to 31 December 2024
BROOK FARMS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 October 2023 to 31 December 2024
1. Accounting policies

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

General information and basis of accounting

Brook Farms 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 Parsonage Farm Office, Nine Ash Lane Boughton-Under-Blean, Faversham, ME13 9SR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial period. Differences between contributions payable in the financial period and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 3 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 5 - 50 years straight line
Leasehold improvements 5 years straight line
Plant and machinery 15 - 25 % reducing balance
Vehicles 25 % reducing balance
Office equipment 15 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

Period from
01.10.2023 to
31.12.2024
Year ended
30.09.2023
Number Number
Monthly average number of persons employed by the Company during the period, including directors 11 11

3. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 October 2023 2,692 2,692
At 31 December 2024 2,692 2,692
Accumulated amortisation
At 01 October 2023 2,692 2,692
At 31 December 2024 2,692 2,692
Net book value
At 31 December 2024 0 0
At 30 September 2023 0 0

4. Tangible assets

Land and buildings Leasehold improve-
ments
Plant and machinery Vehicles Office equipment Total
£ £ £ £ £ £
Cost
At 01 October 2023 1,472,293 27,160 2,311,066 60,031 562 3,871,112
Additions 31,714 0 724,393 57,500 0 813,607
Disposals 0 0 ( 74,233) ( 35,271) 0 ( 109,504)
At 31 December 2024 1,504,007 27,160 2,961,226 82,260 562 4,575,215
Accumulated depreciation
At 01 October 2023 173,953 23,280 1,215,343 33,564 350 1,446,490
Charge for the financial period 12,352 3,880 309,421 10,783 38 336,474
Disposals 0 0 ( 62,727) ( 22,024) 0 ( 84,751)
At 31 December 2024 186,305 27,160 1,462,037 22,323 388 1,698,213
Net book value
At 31 December 2024 1,317,702 0 1,499,189 59,937 174 2,877,002
At 30 September 2023 1,298,340 3,880 1,095,723 26,467 212 2,424,622

Included in land and buildings is freehold land at a cost of £978,210 (2023 - £978,210) which is not depreciated.

5. Debtors

31.12.2024 30.09.2023
£ £
Trade debtors 250,762 80,726
Amounts owed by connected companies 0 224,242
Prepayments 45,653 61,339
VAT recoverable 5,624 9,965
302,039 376,272

6. Cash and cash equivalents

31.12.2024 30.09.2023
£ £
Cash at bank and in hand 3 3
Less: Bank overdrafts ( 110,161) ( 229,494)
(110,158) (229,491)

7. Creditors: amounts falling due within one year

31.12.2024 30.09.2023
£ £
Bank loans and overdrafts 130,161 249,494
Trade creditors 150,154 283,205
Amounts owed to connected companies 40,264 0
Taxation and social security 0 26,474
Obligations under finance leases and hire purchase contracts 139,788 89,108
Other creditors 32,528 120,325
492,895 768,606

8. Creditors: amounts falling due after more than one year

31.12.2024 30.09.2023
£ £
Bank loans 282,838 308,414
Obligations under finance leases and hire purchase contracts 176,704 25,551
459,542 333,965

There are no amounts included above in respect of which any security has been given by the small entity.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

31.12.2024 30.09.2023
£ £
Bank loans 190,838 218,414

9. Deferred tax

31.12.2024 30.09.2023
£ £
At the beginning of financial period/year ( 268,581) ( 258,994)
Charged to the Statement of Income and Retained Earnings ( 98,866) ( 9,587)
At the end of financial period/year ( 367,447) ( 268,581)

The deferred taxation balance is made up as follows:

31.12.2024 30.09.2023
£ £
Accelerated capital allowances ( 374,009) ( 268,581)
Tax losses carry forward 6,562 0
( 367,447) ( 268,581)