IRIS Accounts Production v25.2.0.378 14489022 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 14489022 2023-12-31 14489022 2024-12-31 14489022 2024-01-01 2024-12-31 14489022 2022-11-15 14489022 2022-11-16 2023-12-31 14489022 2023-12-31 14489022 ns15:EnglandWales 2024-01-01 2024-12-31 14489022 ns14:PoundSterling 2024-01-01 2024-12-31 14489022 ns10:Director1 2024-01-01 2024-12-31 14489022 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 14489022 ns10:SmallEntities 2024-01-01 2024-12-31 14489022 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 14489022 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 14489022 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 14489022 ns10:FullAccounts 2024-01-01 2024-12-31 14489022 ns10:Director3 2024-01-01 2024-12-31 14489022 ns10:RegisteredOffice 2024-01-01 2024-12-31 14489022 ns5:CurrentFinancialInstruments 2024-12-31 14489022 ns5:CurrentFinancialInstruments 2023-12-31 14489022 ns5:Non-currentFinancialInstruments 2024-12-31 14489022 ns5:Non-currentFinancialInstruments 2023-12-31 14489022 ns5:ShareCapital 2024-12-31 14489022 ns5:ShareCapital 2023-12-31 14489022 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 14489022 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 14489022 ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-01-01 2024-12-31 14489022 ns5:LeaseholdImprovements 2024-01-01 2024-12-31 14489022 ns5:PlantMachinery 2024-01-01 2024-12-31 14489022 ns5:FurnitureFittings 2024-01-01 2024-12-31 14489022 ns5:MotorVehicles 2024-01-01 2024-12-31 14489022 ns5:LandBuildings 2023-12-31 14489022 ns5:LeaseholdImprovements 2023-12-31 14489022 ns5:PlantMachinery 2023-12-31 14489022 ns5:LandBuildings 2024-01-01 2024-12-31 14489022 ns5:LandBuildings 2024-12-31 14489022 ns5:LeaseholdImprovements 2024-12-31 14489022 ns5:PlantMachinery 2024-12-31 14489022 ns5:LandBuildings 2023-12-31 14489022 ns5:LeaseholdImprovements 2023-12-31 14489022 ns5:PlantMachinery 2023-12-31 14489022 ns5:FurnitureFittings 2023-12-31 14489022 ns5:MotorVehicles 2023-12-31 14489022 ns5:FurnitureFittings 2024-12-31 14489022 ns5:MotorVehicles 2024-12-31 14489022 ns5:FurnitureFittings 2023-12-31 14489022 ns5:MotorVehicles 2023-12-31 14489022 ns5:CostValuation 2023-12-31 14489022 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 14489022 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 14489022 1 2024-01-01 2024-12-31

REGISTERED NUMBER: 14489022 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31ST DECEMBER 2024 |

| FOR |

| EARLS COURT FARM (BERKSHIRE) LIMITED |

EARLS COURT FARM (BERKSHIRE) LIMITED (REGISTERED NUMBER: 14489022) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| EARLS COURT FARM (BERKSHIRE) LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31ST DECEMBER 2024

| DIRECTORS: | R J C Price

| J G White

| REGISTERED OFFICE: | Third Floor

| 95 The Promenade

| Cheltenham

| Gloucestershire

| GL50 1HH

| REGISTERED NUMBER: | 14489022 (England and Wales)

| ACCOUNTANTS: | George Hay & Company

| Chartered Accountants

| 83 Cambridge Street

| London

| SW1V 4PS

EARLS COURT FARM (BERKSHIRE) LIMITED (REGISTERED NUMBER: 14489022) |

BALANCE SHEET

31ST DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 9,952,016 |  | 10,003,372 |  |

Investments | 5 | 50 |  | 50 |  |

9,952,066 |  | 10,003,422 |  |

CURRENT ASSETS

Stocks | 6 | 2,819,829 |  | 2,837,607 |  |

Debtors | 7 | 551,222 |  | 391,064 |  |

Cash at bank | 563,652 |  | 521,966 |  |

3,934,703 |  | 3,750,637 |  |

CREDITORS

Amounts falling due within one year | 8 | 11,619,892 |  | 11,631,407 |  |

NET CURRENT LIABILITIES | (7,685,189 | ) | (7,880,770 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 2,266,877 |  | 2,122,652 |  |

CREDITORS

Amounts falling due after more than one year | 9 | 920,000 |  | 1,125,000 |  |

NET ASSETS | 1,346,877 |  | 997,652 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 1,346,875 |  | 997,650 |  |

SHAREHOLDERS' FUNDS | 1,346,877 |  | 997,652 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

EARLS COURT FARM (BERKSHIRE) LIMITED (REGISTERED NUMBER: 14489022) |

BALANCE SHEET - continued

31ST DECEMBER 2024

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 17th September 2025 and were signed on its behalf by:

J G White - Director

EARLS COURT FARM (BERKSHIRE) LIMITED (REGISTERED NUMBER: 14489022) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

1. | STATUTORY INFORMATION

| Earls Court Farm (Berkshire) 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.

| Related party exemption

| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

| Turnover

| Turnover represents the invoiced value of goods and services provided to third parties, excluding value added tax and trade discounts.

| 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.

| Development costs have been fully amortised in the current period.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Grain store | - | Straight line over 5 years

| Plant and machinery | - | Straight line over 5 years

| Office equipment | - | Straight line over 5 years

| Motor vehicles | - | Straight line over 5 years

| Stocks

| Inventories, also known as stocks are stated at the lower of cost and net realisable value. Net realisable value is based on estimated selling price less any further costs expected to be incurred to completion and disposal.

| 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.

EARLS COURT FARM (BERKSHIRE) LIMITED (REGISTERED NUMBER: 14489022) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 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.

| 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.

| Investments

| Investments in shares are included at cost.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 23 (2023 - 19 ) .

4. | TANGIBLE FIXED ASSETS

| Freehold |

| property, |

| land and |

| building |  | Grain |  | Plant and

| improvements |  | store |  | machinery

£ | £ | £ |

| COST

| At 1st January 2024 | 8,903,204 |  | 191,496 |  | 3,379,908 |  |

| Additions | 36,032 |  | - |  | 441,296 |  |

| Disposals | - |  | - |  | (103,500 | ) |

| At 31st December 2024 | 8,939,236 |  | 191,496 |  | 3,717,704 |  |

| DEPRECIATION

| At 1st January 2024 | - |  | 191,496 |  | 2,363,547 |  |

| Charge for year | - |  | - |  | 487,797 |  |

| Eliminated on disposal | - |  | - |  | (55,200 | ) |

| At 31st December 2024 | - |  | 191,496 |  | 2,796,144 |  |

| NET BOOK VALUE

| At 31st December 2024 | 8,939,236 |  | - |  | 921,560 |  |

| At 31st December 2023 | 8,903,204 |  | - |  | 1,016,361 |  |

EARLS COURT FARM (BERKSHIRE) LIMITED (REGISTERED NUMBER: 14489022) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

4. | TANGIBLE FIXED ASSETS - continued

| Office |  | Motor |

| equipment |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1st January 2024 | 19,692 |  | 145,584 |  | 12,639,884 |  |

| Additions | 848 |  | 62,818 |  | 540,994 |  |

| Disposals | - |  | (68,447 | ) | (171,947 | ) |

| At 31st December 2024 | 20,540 |  | 139,955 |  | 13,008,931 |  |

| DEPRECIATION

| At 1st January 2024 | 12,768 |  | 68,701 |  | 2,636,512 |  |

| Charge for year | 1,749 |  | 26,408 |  | 515,954 |  |

| Eliminated on disposal | - |  | (40,351 | ) | (95,551 | ) |

| At 31st December 2024 | 14,517 |  | 54,758 |  | 3,056,915 |  |

| NET BOOK VALUE

| At 31st December 2024 | 6,023 |  | 85,197 |  | 9,952,016 |  |

| At 31st December 2023 | 6,924 |  | 76,883 |  | 10,003,372 |  |

5. | FIXED ASSET INVESTMENTS

| Investments

£ |

| COST

| At 1st January 2024

| and 31st December 2024 | 50 |  |

| NET BOOK VALUE

| At 31st December 2024 | 50 |  |

| At 31st December 2023 | 50 |  |

6. | STOCKS

2024 | 2023 |

£ | £ |

| Raw materials | 253,085 |  | 442,272 |  |

| Work-in-progress | 492,214 |  | 309,001 |  |

| Finished goods | 1,958,565 |  | 1,983,802 |  |

| Livestock | 115,965 |  | 102,532 |  |

2,819,829 |  | 2,837,607 |  |

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 309,329 |  | 262,264 |  |

| Amounts owed by group undertakings | 2 |  | 2 |  |

| Other debtors | 75,430 |  | 696 |  |

| Prepayments and accrued income | 166,461 |  | 128,102 |  |

551,222 |  | 391,064 |  |

EARLS COURT FARM (BERKSHIRE) LIMITED (REGISTERED NUMBER: 14489022) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31ST DECEMBER 2024

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade creditors | 520,835 |  | 322,395 |  |

| Amounts owed to group undertakings | 10,816,968 |  | 11,072,819 |  |

| Tax | 134,426 |  | 162,099 |  |

| Other creditors | 123,302 |  | 54,991 |  |

| Accruals and deferred income | 24,361 |  | 19,103 |  |

11,619,892 |  | 11,631,407 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Amounts owed to group undertakings | 920,000 |  | 1,125,000 |  |

10. | POST BALANCE SHEET EVENTS

| Following the confirmed liquidation of Earls Court Farm Limited (FC012400), a deed of assignment was executed on 25 March 2025, pursuant to which Earls Court Farm Limited (FC012400) assigned its debt receivable due from Earls Court Farm (Berkshire) Limited of £10,412,819 to Rooksnest Estate Limited.

| As at 31 December 2024, all amounts owed to / owed by group undertakings, related to Rooksnest Estate Limited.