The Sunnyfields Partnership Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04863078 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

THE SUNNYFIELDS PARTNERSHIP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

I A Nelson

L Nelson

T A Nelson

REGISTERED OFFICE:

Jacobs Gutter Lane

Eling

Totton

Southampton

Hampshire

SO4O 9FX

REGISTERED NUMBER:

04863078 (England and Wales)

ACCOUNTANTS:

Underwood Barron LLP

Monks Brook House

13 - 17 Hursley Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2FW

FIXED ASSETS

Tangible assets

4

1,379,531

1,140,287

CURRENT ASSETS

Stocks

60,758

77,240

Debtors

5

41,160

20,577

Cash at bank and in hand

35,088

47,260

137,006

145,077

CREDITORS

Amounts falling due within one year

6

326,856

159,702

NET CURRENT LIABILITIES

(189,850

)

(14,625

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,189,681

1,125,662

CREDITORS

Amounts falling due after more than one
year

7

529,323

518,158

NET ASSETS

660,358

607,504

CAPITAL AND RESERVES

Called up share capital

11

3

Other reserves

17,141

Retained earnings

643,206

590,360

SHAREHOLDERS' FUNDS

660,358

607,504

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 30 October 2025 and were signed on its behalf by:

I A Nelson - Director

1.	STATUTORY INFORMATION

The Sunnyfields Partnership 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.

The company has had a positive year resulting in a profit and considerable year on year improvement. The stronger bottom line performance stemmed from (1) investments made in the main Sunnyfields site, (2) expansion of the 'Pumpkin Festival', (3) increased farm shop selection and (4) a change in sales mix away from home delivery, which as a result has reduced the net balance sheet deficit.

Turnover for the company more than doubled as the positive growth of events, farm shop and other onsite activities was offset by the conscious decision to reduce the home delivery segment of the business. Expenditure was reduced, mainly due to the divesting from the home delivery business.

The relationship with Triodos Bank is positive and they remain supportive, with the bank loan within terms and discussions of additional funding for new opportunities in progress.

Turnover

Turnover represents income received by the company from its principal activity during the year, net of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

None provided and Straight line over 25 years

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 25% on cost, 10% on cost and 10% on reducing balance

Freehold land and buildings

Freehold land and buildings are stated at valuation. Valuations are made by the director with the assistance of independent professional advice.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 26 (2024 - 27 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST OR VALUATION

At 1 February 2024

33,000

2,307,948

2,340,948

Additions

213,494

167,330

380,824

At 31 January 2025

246,494

2,475,278

2,721,772

DEPRECIATION

At 1 February 2024

-

1,200,661

Charge for year

-

141,580

At 31 January 2025

-

1,342,241

NET BOOK VALUE

At 31 January 2025

246,494

1,133,037

1,379,531

At 31 January 2024

33,000

1,107,287

1,140,287

Included in cost or valuation of land and buildings is freehold land of £ 246,494 (2024 - £ 33,000 ) which is not depreciated.

Cost or valuation at 31 January 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 2010

8,815

-

8,815

Valuation in 2015

8,326

-

8,326

Cost

229,353

2,475,278

2,704,631

246,494

2,475,278

2,721,772

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

31.1.25

31.1.24

£

Cost

229,353

15,859

Value of land in freehold land and buildings

229,353

15,859

Freehold property was valued on an open market basis on 31 January 2019 by the directors with professional advice .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST OR VALUATION

At 1 February 2024

and 31 January 2025

34,285

DEPRECIATION

At 1 February 2024

6,838

Charge for year

2,855

At 31 January 2025

9,693

NET BOOK VALUE

At 31 January 2025

24,592

At 31 January 2024

27,447

5.

DEBTORS

31.1.25

31.1.24

£

Amounts falling due within one year:

Trade debtors

4,654

9,187

Other debtors

21,506

11,390

26,160

20,577

Amounts falling due after more than one year:

Other debtors

15,000

-

Aggregate amounts

41,160

20,577

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Bank loans and overdrafts

27,000

17,132

Hire purchase contracts

3,429

10,286

Trade creditors

178,931

57,680

Taxation and social security

43,947

-

Other creditors

73,549

74,604

326,856

159,702

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

Bank loans

200,818

215,263

Hire purchase contracts

-

3,429

Other creditors

328,505

299,466

529,323

518,158

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

137,663

146,736

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

Bank overdraft

11,211

-

Bank loans

216,607

232,395

227,818

232,395

9.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments not included in the balance sheet is £745,735 (2024: £591,155)