REGISTERED NUMBER: 02473088 (England and Wales)

F.S. PEAKE & SON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTORS:

J F Peake

W J S Peake

SECRETARY:

Mrs C H D Peake

REGISTERED OFFICE:

Ricketwood Farm

Epperstone

Nottinghamshire

NG14 6AR

REGISTERED NUMBER:

02473088 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 London Road

Newark

Nottinghamshire

NG24 1TW

FIXED ASSETS

Intangible assets

4

-

-

Property, plant and equipment

5

959,709

1,021,531

Investment property

6

750,947

750,947

1,710,656

1,772,478

CURRENT ASSETS

Inventories

79,498

83,441

Debtors

7

277,162

138,757

356,660

222,198

CREDITORS

Amounts falling due within one year

8

422,470

430,271

NET CURRENT LIABILITIES

(65,810

)

(208,073

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,644,846

1,564,405

CREDITORS

Amounts falling due after more than one year

9

(1,317,418

)

(1,228,728

)

PROVISIONS FOR LIABILITIES

(74,679

)

(86,368

)

NET ASSETS

252,749

249,309

CAPITAL AND RESERVES

Called up share capital

11

100

100

Retained earnings

252,649

249,209

SHAREHOLDERS' FUNDS

252,749

249,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by:

J F Peake - Director

1.	STATUTORY INFORMATION

F.S. Peake & Son 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.

Revenue

Revenue represents net invoiced sales of produce and livestock, excluding value added tax. Sales of produce are recognised upon despatch. Revenue from livestock is recognised on the day of sale.

Intangible fixed assets

Intangible assets consist of entitlements to the basic payment allowance. The entitlements are recognised at fair value and written off on a straight line basis over the period to 31 December 2019 when the scheme ends.

Property, plant and equipment

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 and not provided

Plant and machinery etc

-

25% on reducing balance, 15% on reducing balance and 5% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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.

Inventories

Stocks are valued at the lower of cost and fair value less costs to complete and sell, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 statement of financial position 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.

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.

Basic payment

The basic payment is recognised in the financial statements in accordance with H. M. Revenue and Customs guidance.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2024

16,077

Disposals

(16,077

)

At 30 April 2025

-

AMORTISATION

At 1 May 2024

16,077

Eliminated on disposal

(16,077

)

At 30 April 2025

-

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	PROPERTY, PLANT AND EQUIPMENT

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 May 2024

1,255,928

589,955

1,845,883

Additions

-

1,350

1,350

At 30 April 2025

1,255,928

591,305

1,847,233

DEPRECIATION

At 1 May 2024

455,319

369,033

824,352

Charge for year

32,945

30,227

63,172

At 30 April 2025

488,264

399,260

887,524

NET BOOK VALUE

At 30 April 2025

767,664

192,045

959,709

At 30 April 2024

800,609

220,922

1,021,531

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

and 30 April 2025

750,947

NET BOOK VALUE

At 30 April 2025

750,947

At 30 April 2024

750,947

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

265,612

131,001

Other debtors

11,550

7,756

277,162

138,757

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

77,973

166,787

Hire purchase contracts

1,490

38,083

Trade creditors

174,940

84,522

Taxation and social security

32,693

12,531

Other creditors

135,374

128,348

422,470

430,271

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,317,418

1,227,239

Hire purchase contracts

-

1,489

1,317,418

1,228,728

Amounts falling due in more than five years:

Repayable by instalments

Bank loans due in more than 5 years

1,177,651

1,089,185

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

26,781

116,521

Bank loans

1,368,610

1,277,505

Hire purchase contracts

1,490

39,572

1,396,881

1,433,598

The debts are secured over the assets of the company.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

100

Ordinary

£1

100

100