Company No: 13866929 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Current assets
Stocks	3	1,785,683		622,860
Debtors	4	62,184		51,573
Cash at bank and in hand		16,098		20,272
		1,863,965		694,705
Creditors: amounts falling due within one year	5	( 1,483,096)		( 209,863)
Net current assets		380,869		484,842
Total assets less current liabilities		380,869		484,842
Creditors: amounts falling due after more than one year	6	( 539,887)		( 534,887)
Net liabilities		( 159,018)		( 50,045)
Capital and reserves
Called-up share capital	7	3		3
Profit and loss account		( 159,021 )		( 50,048 )
Total shareholders' deficit		( 159,018)		( 50,045)

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have 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 Profit and Loss Account has not been delivered.

The financial statements of Longburton Barns Ltd (registered number: 13866929) were approved and authorised for issue by the Board of Directors on 28 October 2025. They were signed on its behalf by:

E D F Burton 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

Longburton Barns 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 Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include 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 Balance Sheet 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.

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.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Stocks

	2025		2024
	£		£
Stocks	1,785,683		622,860

4. Debtors

	2025		2024
	£		£
Other debtors	62,184		51,573

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	134,711		824
CIS withheld	6,786		0
Other creditors	1,341,599		209,039
	1,483,096		209,863

A loan of £1,238,956 (2024 - £207,584) is included within other creditors that carries a charge held over the assets to which they relate.

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	539,887		534,887

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
3 Ordinary shares of £ 1.00 each	3		3

8. Related party transactions

Other related party transactions

	2025		2024
	£		£
Other Creditors	539,887		534,887

Included within other creditors is a balance of £539,887 (2024: £534,887) owed to Burcombe Investments Ltd.