REGISTERED NUMBER: 00375438 (England and Wales)

BULSTRODE FARM LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

S N M Baker

K L Masefield Baker

H R Masefield Baker

REGISTERED OFFICE:

1 Home Farm Cottages

Staplefield

Haywards Heath

West Sussex

RH17 6AP

REGISTERED NUMBER:

00375438 (England and Wales)

ACCOUNTANTS:

Carpenter Box

Chartered Accountants

2 St Andrews Place

Lewes

East Sussex

BN7 1UP

FIXED ASSETS

Tangible assets

4

547,065

574,457

Investment property

5

1,854,756

1,725,000

2,401,821

2,299,457

CURRENT ASSETS

Stocks

70,138

52,898

Debtors

6

16,907

13,861

Cash at bank and in hand

55,923

207,834

142,968

274,593

CREDITORS

Amounts falling due within one year

7

83,774

76,697

NET CURRENT ASSETS

59,194

197,896

TOTAL ASSETS LESS CURRENT LIABILITIES

2,461,015

2,497,353

CREDITORS

Amounts falling due after more than one year

8

(20,460

)

(56,003

)

PROVISIONS FOR LIABILITIES

9

(424,404

)

(424,404

)

NET ASSETS

2,016,151

2,016,946

CAPITAL AND RESERVES

Called up share capital

10

23,500

23,500

Other reserves

11

1,285,632

1,285,632

Retained earnings

11

707,019

707,814

SHAREHOLDERS' FUNDS

2,016,151

2,016,946

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 30th September 2025 and were signed on its behalf by:

S N M Baker - Director

1.	STATUTORY INFORMATION

Bulstrode Farm 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 as modified by the revaluation of certain assets.

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.

Land and buildings

-

Straight line over 50 years

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st January 2024

and 31st December 2024

500,139

368,224

868,363

DEPRECIATION

At 1st January 2024

71,058

222,848

293,906

Charge for year

5,364

22,028

27,392

At 31st December 2024

76,422

244,876

321,298

NET BOOK VALUE

At 31st December 2024

423,717

123,348

547,065

At 31st December 2023

429,081

145,376

574,457

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2024

1,725,000

Additions

129,756

At 31st December 2024

1,854,756

NET BOOK VALUE

At 31st December 2024

1,854,756

At 31st December 2023

1,725,000

Fair value at 31st December 2024 is represented by:

£

Valuation in 2022

1,710,036

Cost

144,720

1,854,756

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

144,720

14,964

Investment property was valued on an open market basis basis on 31st December 2024 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

7,522

2,703

Other debtors

9,385

11,158

16,907

13,861

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,960

33,472

Hire purchase contracts

28,183

28,183

Trade creditors

31,701

7,282

Taxation and social security

248

10

Other creditors

17,682

7,750

83,774

76,697

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

6,200

12,465

Hire purchase contracts

14,260

43,538

20,460

56,003

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

424,404

424,404

Deferred

tax

£

Balance at 1st January 2024

424,404

Balance at 31st December 2024

424,404

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

834

Ordinary A

£1

834

834

22,666

Ordinary B

£1

22,666

22,666

23,500

23,500

11.

RESERVES

Retained

Other

earnings

reserves

Totals

£

£

£

At 1st January 2024

707,814

1,285,632

1,993,446

Deficit for the year

(795

)

-

(795

)

At 31st December 2024

707,019

1,285,632

1,992,651

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 Bulstrode Farm Limited for the year ended 31st 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 Bulstrode Farm 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 Bulstrode Farm Limited and state those matters that we have agreed to state to the Board of Directors of Bulstrode Farm 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 Bulstrode Farm Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Bulstrode Farm 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 loss of Bulstrode Farm Limited. You consider that Bulstrode Farm 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 Bulstrode Farm 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.

Carpenter Box

Chartered Accountants

2 St Andrews Place

Lewes

East Sussex

BN7 1UP

30th September 2025