REGISTERED NUMBER: 14489022 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

FOR

EARLS COURT FARM (BERKSHIRE) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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

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.