REGISTERED NUMBER: 00729404 (England and Wales)

Unaudited Financial Statements for the Year Ended 5 April 2025

for

Briers Farms (Steeple Morden) Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,742,637

1,709,224

CURRENT ASSETS

Stocks

306,680

182,113

Debtors

5

43,093

44,212

Cash at bank

55,095

191,936

404,868

418,261

CREDITORS

Amounts falling due within one year

6

370,730

288,738

NET CURRENT ASSETS

34,138

129,523

TOTAL ASSETS LESS CURRENT LIABILITIES

1,776,775

1,838,747

CREDITORS

Amounts falling due after more than one year

7

(557,918

)

(626,555

)

PROVISIONS FOR LIABILITIES

(118,916

)

(108,514

)

NET ASSETS

1,099,941

1,103,678

CAPITAL AND RESERVES

Called up share

9

10,000

10,000

Retained earnings

1,089,941

1,093,678

SHAREHOLDERS' FUNDS

1,099,941

1,103,678

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 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 12 August 2025 and were signed on its behalf by:

Mrs P A Briers - Director

1.	STATUTORY INFORMATION

Briers Farms (Steeple Morden) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

00729404

Registered office:

Hillside Farm

Steeple Morden

Royston

Hertfordshire

SG8 0PP

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.

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.

Freehold property - 4% on cost

Improvements to property - 4% on cost

Plant and machinery - 15% reducing balance

Motor vehicles - 25% 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.

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 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.

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 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Leasehold

Freehold

to

property

property

property

£

£

£

COST

At 6 April 2024

301,331

1,150,395

121,939

Additions

-

-

53,793

Disposals

-

-

-

At 5 April 2025

301,331

1,150,395

175,732

DEPRECIATION

At 6 April 2024

176,920

-

43,115

Charge for year

10,221

-

4,878

Eliminated on disposal

-

-

-

At 5 April 2025

187,141

-

47,993

NET BOOK VALUE

At 5 April 2025

114,190

1,150,395

127,739

At 5 April 2024

124,411

1,150,395

78,824

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 6 April 2024

978,640

18,225

2,515

2,573,045

Additions

60,751

-

-

114,544

Disposals

(33,150

)

-

-

(33,150

)

At 5 April 2025

1,006,241

18,225

2,515

2,654,439

DEPRECIATION

At 6 April 2024

624,720

17,224

1,842

863,821

Charge for year

56,631

250

297

72,277

Eliminated on disposal

(24,296

)

-

-

(24,296

)

At 5 April 2025

657,055

17,474

2,139

911,802

NET BOOK VALUE

At 5 April 2025

349,186

751

376

1,742,637

At 5 April 2024

353,920

1,001

673

1,709,224

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Trade debtors

5,805

17,131

Other debtors

17,282

7,672

Prepayments and accrued income

20,006

19,409

43,093

44,212

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.25

5.4.24

£

£

Bank loans and overdrafts

56,772

26,154

Other loans - less than 1 year

179,434

178,959

Hire purchase contracts

30,333

30,333

Trade creditors

33,903

15,237

Tax

17,906

2,411

Other creditors

8,476

6,033

Directors' current accounts

12,676

22,412

Accrued expenses

31,230

7,199

370,730

288,738

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

5.4.25

5.4.24

£

£

Bank loans - 1-2 years

27,744

27,154

Bank loans - 2-5 years

83,232

81,462

Bank loans more 5 yr by instal

284,113

313,627

Other loans - 1-2 years

11,602

11,151

Other loans - 2-5 years

37,694

36,230

Other loans more 5yrs instal

113,533

126,598

Hire purchase contracts

-

30,333

557,918

626,555

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

284,113

313,627

Other loans more 5yrs instal

113,533

126,598

397,646

440,225

8.	SECURED DEBTS

The following secured debts are included within creditors:

5.4.25

5.4.24

£

£

Bank loans

422,243

448,397

Hire purchase contracts

30,333

60,666

452,576

509,063

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

The Lloyds Bank loan is secured by way of a first legal charge over freehold property at Land at Vicarage Farm, Potton, Bedfordshire, SG19 3LN with an acreage of 103.

9.	CALLED UP SHARE

Allotted, issued and fully paid:

Number:

Class:

Nominal

5.4.25

5.4.24

value:

£

£

10,000

Ordinary

£1

10,000

10,000

10.	OTHER FINANCIAL COMMITMENTS

At the balance sheet date the company had annual commitments under operating leases which cannot be cancelled, expiring between one and five years amounting to £56,430 (2024 - £56,430).

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs P A Briers.