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Registration number: 05707450

B, R & J Hurford Limited
Unaudited Financial Statements
28 February 2025

B, R & J Hurford Limited

Contents

Accountants' Report | 1
Balance Sheet | 2
Notes to the Financial Statements | 4

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
B, R & J Hurford Limited
for the Year Ended 28 February 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of B, R & J Hurford Limited for the year ended 28 February 2025 as set out on pages 2 to 12 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 at http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of B, R & J Hurford Limited, as a body, in accordance with the terms of our engagement letter dated 20 May 2025. Our work has been undertaken solely to prepare for your approval the accounts of B, R & J Hurford Limited and state those matters that we have agreed to state to the Board of Directors of B, R & J Hurford Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than B, R & J Hurford Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that B, R & J Hurford Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of B, R & J Hurford Limited. You consider that B, R & J Hurford 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 accounts of B, R & J Hurford 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 accounts.

Dodd & Co Limited
Chartered Accountants
FIFTEEN Rosehill
Montgomery Way
Rosehill Estate
CARLISLE
CA1 2RW

15 October 2025

B, R & J Hurford Limited

(Registration number: 05707450)
Balance Sheet as at 28 February 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 32,656 | 36,632
Investment property | 6 | 2,049,562 | 2,049,562
Investments | 7 | 898,330 | 902,641
Other financial assets | 8 | 547,295 | 489,002
|  | 3,527,843 | 3,477,837
Current assets |  |  |
Debtors | 9 | 817,275 | 709,858
Cash at bank and in hand |  | 23,065 | 147,362
|  | 840,340 | 857,220
Creditors: Amounts falling due within one year | 10 | (1,225,604) | (1,047,384)
Net current liabilities |  | (385,264) | (190,164)
Total assets less current liabilities |  | 3,142,579 | 3,287,673
Creditors: Amounts falling due after more than one year | 10 | (559,307) | (598,824)
Net assets |  | 2,583,272 | 2,688,849
Capital and reserves |  |  |
Allotted, called up and fully paid share capital |  | 500,300 | 500,300
Profit and loss account |  | 2,082,972 | 2,188,549
Total equity |  | 2,583,272 | 2,688,849

B, R & J Hurford Limited

(Registration number: 05707450)
Balance Sheet as at 28 February 2025 (continued)

For the financial year ending 28 February 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 October 2025 and signed on its behalf by:

.........................................

J Hurford

Director

.........................................

R Farquhar

Director

B, R & J Hurford Limited

Notes to the Financial Statements for the Year Ended 28 February 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Meadow Fold
The Bramery
Ainstable
CARLISLE
CA4 9RG

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The company has net current liabilities at 28 February 2025 and meets its day to day working capital requirements through the director providing financial support by way of short term loans. On the basis of this support, the director considers it appropriate to prepare the financial statements on the going concern basis.
However, should the company not have the support of its director and his close family, and therefore be unable to continue trading, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for any further liabilities which might arise, and to reclassify fixed assets and long term liabilities as current assets and current liabilities.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.

B, R & J Hurford Limited

Notes to the Financial Statements for the Year Ended 28 February 2025 (continued)

Basic payment scheme

The amount paid in connection with the purchase of the basic payment scheme entitlement was amortised over the useful economic life of that entitlement, and has now been fully amortised.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | 5% reducing balance basis
Plant and equipment | 15% reducing balance basis

Land and buildings relate to tenants improvements on land leased by the company from B & R Hurford.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. Changes in fair value are recognised in profit or loss.

Investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for the sale of goods or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

B, R & J Hurford Limited

Notes to the Financial Statements for the Year Ended 28 February 2025 (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method where due after more than one year.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Preference shares are classified as equity when the shares are redeemable in the future at the option of the company.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

B, R & J Hurford Limited

Notes to the Financial Statements for the Year Ended 28 February 2025 (continued)

Financial instruments

Classification
Equity shares and debt securities
Recognition and measurement
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Impairment
For instruments measured at cost less impairment the impairment is the difference between the assets' carrying amount and the best estimate the entity would receive for the asset if it were sold at the reporting date.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

4 | Intangible assets

| Basic payment scheme £ | Total £
Cost or valuation
At 1 March 2024 | 58,990 | 58,990
At 28 February 2025 | 58,990 | 58,990
Amortisation
At 1 March 2024 | 58,990 | 58,990
At 28 February 2025 | 58,990 | 58,990
Carrying amount
At 28 February 2025 | - | -
At 29 February 2024 | - | -

B, R & J Hurford Limited

Notes to the Financial Statements for the Year Ended 28 February 2025 (continued)

5 | Tangible assets

| Land and buildings £ | Plant and equipment £ | Total £
Cost or valuation
At 1 March 2024 | 26,274 | 94,846 | 121,120
At 28 February 2025 | 26,274 | 94,846 | 121,120
Depreciation
At 1 March 2024 | 11,103 | 73,385 | 84,488
Charge for the year | 758 | 3,218 | 3,976
At 28 February 2025 | 11,861 | 76,603 | 88,464
Carrying amount
At 28 February 2025 | 14,413 | 18,243 | 32,656
At 29 February 2024 | 15,171 | 21,461 | 36,632

B, R & J Hurford Limited

Notes to the Financial Statements for the Year Ended 28 February 2025 (continued)

6 | Investment properties

| 2025 £
At 1 March 2024 | 2,049,562
At 28 February 2025 | 2,049,562

At the year end the directors have reviewed the valuation of the investment properties and have adjusted where necessary based on open market valuations.
There has been no valuation of investment properties by an independent valuer.

7 | Investments

| 2025 £ | 2024 £
Investments in associates | 898,330 | 902,641

Associates | £
Cost
At 1 March 2024 | 902,641
Additions | 55,697
Disposals | (60,008)
At 28 February 2025 | 898,330
Carrying amount
At 28 February 2025 | 898,330
At 29 February 2024 | 902,641

B, R & J Hurford Limited

Notes to the Financial Statements for the Year Ended 28 February 2025 (continued)

8 | Other financial assets (current and non-current)

| 2025 £ | 2024 £
Non-current financial assets
Financial assets at cost less impairment | 547,295 | 489,002

| Financial assets at cost less impairment £ | Total £
Non-current financial assets
Cost or valuation
At 1 March 2024 | 489,002 | 489,002
Additions | 106,950 | 106,950
Disposals | (48,657) | (48,657)
At 28 February 2025 | 547,295 | 547,295
Carrying amount
At 28 February 2025 | 547,295 | 547,295
At 29 February 2024 | 489,002 | 489,002

B, R & J Hurford Limited

Notes to the Financial Statements for the Year Ended 28 February 2025 (continued)

9 | Debtors

| 2025 £ | 2024 £
Trade debtors | 52,381 | 33,310
Other debtors | 764,894 | 676,548
| 817,275 | 709,858

10 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 11 | 1,094,239 | 942,045
Taxation and social security |  | 10,063 | 209
Corporation tax liability |  | 194 | 4,622
Other creditors |  | 121,108 | 100,508
|  | 1,225,604 | 1,047,384
Due after one year |  |  |
Loans and borrowings | 11 | 559,307 | 598,824

| 2025 £ | 2024 £
After more than five years by instalments | 384,525 | 430,735
| 384,525 | 430,735

B, R & J Hurford Limited

Notes to the Financial Statements for the Year Ended 28 February 2025 (continued)

11 | Loans and borrowings

| 2025 £ | 2024 £
Current loans and borrowings
Bank borrowings | 39,587 | 38,071
Other borrowings | 1,054,652 | 903,974
| 1,094,239 | 942,045

Current loans and borrowings includes the following liabilities, on which security has been given by the company:

| 2025 £ | 2024 £
Bank borrowings | 39,587 | 38,071

Bank borrowings are secured by fixed and floating charges over the company's assets.

| 2025 £ | 2024 £
Non-current loans and borrowings
Bank borrowings | 559,307 | 598,824

Non-current loans and borrowings includes the following liabilities, on which security has been given by the company:

| 2025 £ | 2024 £
Bank borrowings | 559,307 | 598,824

Bank borrowings are secured by fixed and floating charges over the company's assets.