REGISTERED NUMBER: 03021311 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SOUTHEND FARMS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

Mrs M Fleming

W Fleming

REGISTERED OFFICE:

Southend Farm

Selsey Road

Donnington

Chichester

West Sussex

PO20 7PS

REGISTERED NUMBER:

03021311 (England and Wales)

ACCOUNTANTS:

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Southend Farms Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Southend Farms Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Southend Farms Limited and state those matters that we have agreed to state to the Board of Directors of Southend Farms Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Southend Farms Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Southend Farms Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Southend Farms Limited. You consider that Southend Farms Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Southend Farms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Lewis Brownlee (Chichester) Limited

Chartered Accountants

Appledram Barns

Birdham Road

Chichester

West Sussex

PO20 7EQ

18 September 2025

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

1,307,005

1,308,724

Investments

6

100

100

1,307,105

1,308,824

CURRENT ASSETS

Stocks

2,076

665

Debtors

7

197,340

218,475

Cash at bank and in hand

15,682

72,596

215,098

291,736

CREDITORS

Amounts falling due within one year

8

568,144

675,433

NET CURRENT LIABILITIES

(353,046

)

(383,697

)

TOTAL ASSETS LESS CURRENT LIABILITIES

954,059

925,127

CREDITORS

Amounts falling due after more than one year

9

11,116

22,119

NET ASSETS

942,943

903,008

CAPITAL AND RESERVES

Called up share capital

10

140

140

Retained earnings

11

942,803

902,868

SHAREHOLDERS' FUNDS

942,943

903,008

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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 18 September 2025 and were signed on its behalf by:

Mrs M Fleming - Director

W Fleming - Director

1.	STATUTORY INFORMATION

Southend Farms 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the business in 1996, has been amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets

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

Improvements to property

-

not provided

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Events fixed assets

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Improvements to property - not subject to depreciation

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, 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 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 8 (2023 - 7 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

300,000

AMORTISATION

At 1 January 2024

and 31 December 2024

300,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

1,118,942

115,331

50,145

Additions

-

1,667

5,128

At 31 December 2024

1,118,942

116,998

55,273

DEPRECIATION

At 1 January 2024

-

82,813

11,326

Charge for year

-

8,546

5,909

At 31 December 2024

-

91,359

17,235

NET BOOK VALUE

At 31 December 2024

1,118,942

25,639

38,038

At 31 December 2023

1,118,942

32,518

38,819

Events

fixed

Computer

assets

equipment

Totals

£

£

£

COST

At 1 January 2024

199,198

24,528

1,508,144

Additions

17,119

350

24,264

At 31 December 2024

216,317

24,878

1,532,408

DEPRECIATION

At 1 January 2024

85,351

19,930

199,420

Charge for year

10,291

1,237

25,983

At 31 December 2024

95,642

21,167

225,403

NET BOOK VALUE

At 31 December 2024

120,675

3,711

1,307,005

At 31 December 2023

113,847

4,598

1,308,724

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakin

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

469

12,725

Amounts owed by group undertakings

196,661

205,540

Other debtors

210

210

197,340

218,475

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Hire purchase contracts

7,292

12,039

Trade creditors

17,402

33,236

Amounts owed to group undertakings

85,982

76,337

Corporation Tax

9,499

18,408

Social security and other taxes

7,741

5,578

VAT

5,029

2,313

Other creditors

10,818

2,896

Accruals and deferred income

414,381

514,626

568,144

675,433

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

5,834

10,000

Bank loans - 2-5 years

-

5,834

Hire purchase contracts

5,282

6,285

11,116

22,119

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

1

100

100

40

Ordinary

1

40

40

140

140

11.

RESERVES

Retained

earnings

£

At 1 January 2024

902,868

Profit for the year

39,935

At 31 December 2024

942,803