REGISTERED NUMBER: 01639086 (England and Wales)

Financial Statements for the Year Ended 28 February 2025

for

A.P. Burlton (Turkeys) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Dummett

M A Burlton

REGISTERED OFFICE:

Valley Farm

1 Station Road

Meldreth

Royston

Hertfordshire

SG8 6JP

REGISTERED NUMBER:

01639086 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Tangible assets

4

168,274

195,111

Investment property

5

1,350,000

1,575,000

1,518,274

1,770,111

CURRENT ASSETS

Stocks

14,392

14,328

Debtors

6

153,519

59,539

Cash at bank

176,044

95,707

343,955

169,574

CREDITORS

Amounts falling due within one year

7

160,852

106,201

NET CURRENT ASSETS

183,103

63,373

TOTAL ASSETS LESS CURRENT LIABILITIES

1,701,377

1,833,484

CREDITORS

Amounts falling due after more than one year

8

(2,500

)

(16,000

)

PROVISIONS FOR LIABILITIES

(269,754

)

(324,912

)

NET ASSETS

1,429,123

1,492,572

CAPITAL AND RESERVES

Called up share

10

100

100

Non-distributable reserves

833,425

1,006,897

Retained earnings

595,598

485,575

SHAREHOLDERS' FUNDS

1,429,123

1,492,572

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:

M A Burlton - Director

1.	STATUTORY INFORMATION

A.P. Burlton (Turkeys) 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.	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 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

4% on cost

Leasehold improvements

-

4% on cost

Plant and machinery

-

25% on reducing balance and 4% on reducing balance

Motor vehicles

-

25% on reducing balance

Tractors & combines

-

25% on reducing balance

No depreciation is provided on freehold land.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Land and

Leasehold

Plant and

buildings

improvements

machinery

£

£

£

COST

At 1 March 2024

74,160

57,825

157,130

Disposals

-

(2,385

)

-

At 28 February 2025

74,160

55,440

157,130

DEPRECIATION

At 1 March 2024

36,778

1,622

130,253

Charge for year

1,724

2,313

1,752

At 28 February 2025

38,502

3,935

132,005

NET BOOK VALUE

At 28 February 2025

35,658

51,505

25,125

At 29 February 2024

37,382

56,203

26,877

Motor

Tractors

vehicles

& combines

Totals

£

£

£

COST

At 1 March 2024

36,804

175,706

501,625

Disposals

-

-

(2,385

)

At 28 February 2025

36,804

175,706

499,240

DEPRECIATION

At 1 March 2024

20,336

117,525

306,514

Charge for year

4,117

14,546

24,452

At 28 February 2025

24,453

132,071

330,966

NET BOOK VALUE

At 28 February 2025

12,351

43,635

168,274

At 29 February 2024

16,468

58,181

195,111

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Tractors

& combines

£

COST

At 1 March 2024

and 28 February 2025

86,905

DEPRECIATION

At 1 March 2024

38,021

Charge for year

12,221

At 28 February 2025

50,242

NET BOOK VALUE

At 28 February 2025

36,663

At 29 February 2024

48,884

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

1,575,000

Revaluations

(225,000

)

At 28 February 2025

1,350,000

NET BOOK VALUE

At 28 February 2025

1,350,000

At 29 February 2024

1,575,000

Fair value at 28 February 2025 is represented by:

£

Valuation in 2024

1,298,189

Valuation in 2025

(225,000

)

Cost

276,811

1,350,000

If investment property had not been revalued it would have been included at the following historical cost:

28.2.25

29.2.24

£

£

Cost

276,811

276,811

The directors valued investment property at 28 February 2025 on a price per square foot basis, based on the

values of similar let properties in the local area.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Trade debtors

14,633

30,076

A P Burlton (Farms) Ltd

110,684

-

VAT

-

25,507

Prepayments and accrued income

28,202

3,956

153,519

59,539

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

10,000

10,001

Hire purchase contracts

3,500

3,500

Trade creditors

32,414

27,099

Tax

57,414

7,995

VAT

8,524

-

Other creditors

29,296

20,432

A P Burlton (Farms) Ltd

-

19,573

Other taxes & social security

2,887

1,998

Directors' current accounts

147

135

Accrued expenses

16,670

15,468

160,852

106,201

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans due after one year repayable by instalments

2,500

12,500

Hire purchase contracts

-

3,500

2,500

16,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Bounce back loan

12,500

22,500

Hire purchase

3,500

7,000

16,000

29,500

During the year ended 28 February 2021, the company received a government backed loan in light of the Covid 19 pandemic. The loan is secured by the government over a 6 year period. The loan is repayable by instalments beginning December 2021. Interest is then charged at 2.5% per annum from the first repayment date.

Hire purchase liabilities are secured by the assets to which the liabilities relate.

10.	CALLED UP SHARE

Allotted, issued and fully paid:

Number:

Class:

Nominal

28.2.25

29.2.24

value:

£

£

100

Ordinary

£1

100

100