Company No: 07210907 (England and Wales)

Contents

• Company Information
• Statement of Financial Position
• Notes to the Abridged Financial Statements

DIRECTORS	Ann Gorwyn
	Jesse Lambert Gorwyn
	Robert Lambert Gorwyn
	Hannah Elizabeth Lockyer

SECRETARY

Ann Gorwyn

REGISTERED OFFICE	Buttons Farm Meres Lane
	Cross-In-Hand
	Heathfield
	TN21 0TY
	United Kingdom

COMPANY NUMBER

07210907 (England and Wales)

ACCOUNTANT	Synergee
	Pluto House
	6 Vale Avenue
	Tunbridge Wells
	TN1 1DJ

	Note	30.06.2025		30.06.2024
		£		£
Fixed assets
Tangible assets	3	3,623,535		3,344,738
		3,623,535		3,344,738
Current assets
Stocks		40,000		39,000
Debtors		32,050		64,777
Cash at bank and in hand		33,210		385,177
		105,260		488,954
Creditors: amounts falling due within one year		( 71,652)		( 143,984)
Net current assets		33,608		344,970
Total assets less current liabilities		3,657,143		3,689,708
Creditors: amounts falling due after more than one year		( 5,600)		( 5,760)
Provision for liabilities		( 95,948)		( 110,722)
Net assets		3,555,595		3,573,226
Capital and reserves
Called-up share capital	4	1,000		1,000
Profit and loss account		3,554,595		3,572,226
Total shareholder's funds		3,555,595		3,573,226

For the financial year ending 30 June 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered,
• The member of Buttons Farm Ltd has consented to the preparation of the abridged financial statements for the financial year ended 30 June 2025 in accordance with Section 444(2A) of the Companies Act 2006.

The financial statements of Buttons Farm Ltd (registered number: 07210907) were approved and authorised for issue by the Board of Directors on 26 September 2025. They were signed on its behalf by:

Ann Gorwyn Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Buttons Farm Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Buttons Farm Meres Lane, Cross-In-Hand, Heathfield, TN21 0TY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Turnover from the sale of goods is recognised when the following conditions are satisfied:
- the significant risks and rewards of ownership are transferred to the customer;
- the company does not retain managerial involvement, nor control over the goods sold;
- the amount of turnover can be reliably measured;
- the right to consideration due for the transaction is probable; and
- the costs incurred, or to be incurred, can be reliably measured.
Turnover is recognised upon dispatch or collection of the goods by the customer.
Monies received in respect of advanced orders are treated as deposits until the criteria for recognition as turnover is
met.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:
Entitlements are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
	50 years straight line
Plant and machinery etc.	25 % reducing balance
	3 - 50 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessor
Amounts due from lessees under finance leases are recognised as receivables at the amount of the company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company’s net investment outstanding in respect of leases.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets
and liabilities like trade and other debtors and creditors; loans from banks and other third parties; loans to related
parties and investments in non-puttable ordinary shares.
Debt instruments, other than those wholly payable or receivable within one year, including loans and other accounts
receivable and payable are initially measured at the present value of future cash flows, and subsequently measured at
amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year,
typically trade debtors and creditors, are measured at the undiscounted amount of consideration expected to be paid
or received. If the arrangements of a short term instrument constitute a financing transaction, like the payment of a
trade debt deferred beyond normal business terms or financed at a rate of interest that is not at a market rate, the
financial asset or liability is initially measured at the present value of future cash flows discounted at a market rate of
interest for a similar debt instrument, and subsequently measured at amortised cost.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for
objective evidence of impairment, and such impairments is recognised in total comprehensive income.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the statement of income and retained earnings on a straight line
basis over the term of the lease.
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets
acquired by hire purchase are depreciated over the useful economic life. Assets acquired by finance lease are
depreciated over the term of the lease, or useful economic life if shorter.
Finance leases are those where substantially all of the risks and benefits of ownership are assumed by the company.
Obligations under such agreements are included in creditors, net of finance charges allocated to future periods. The
finance element of the rental payment is charged to the statement of income and retained earnings so as to produce a
constant, periodic rate of charge on the net obligation outstanding in each period.

2. Employees

	30.06.2025		30.06.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	4		4

3. Tangible assets

	Land and buildings		Plant and machinery etc.		Total
	£		£		£
Cost
At 01 July 2024	1,812,779		1,701,062		3,513,841
Additions	252,330		53,244		305,574
Disposals	0		( 21,800)		( 21,800)
At 30 June 2025	2,065,109		1,732,506		3,797,615
Accumulated depreciation
At 01 July 2024	21,319		147,784		169,103
Charge for the financial year	3,016		13,684		16,700
Disposals	0		( 11,723)		( 11,723)
At 30 June 2025	24,335		149,745		174,080
Net book value
At 30 June 2025	2,040,774		1,582,761		3,623,535
At 30 June 2024	1,791,460		1,553,278		3,344,738

4. Called-up share capital

	30.06.2025		30.06.2024
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares of £ 1.00 each	1,000		1,000