Boode Farm Limited 31/03/2025 iXBRL

Company registration number: 12188658

Boode Farm Limited

Unaudited filleted abridged financial statements

for the year ended

31 March 2025

Boode Farm Limited

Contents

Directors and other information

Accountants report

Abridged statement of financial position

Notes to the financial statements

Boode Farm Limited

Directors and other information


	Directors	Mr G B Fowler
		Mrs A M Fowler


	Company number	12188658


	Registered office	Office 8 The Barns Farm Road
		Caddsdown Industrial Park
		Bideford
		Devon
		EX39 3BT


	Business address	Higher Boode Farm
		Braunton
		Devon
		EX33 2NN


	Accountants	Giffords LLP
		Office 8 The Barns Farm Road
		Caddsdown Industrial Park
		Bideford
		Devon
		EX39 3BT

Boode Farm Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Boode Farm Limited

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Boode Farm Limited for the year ended 31 March 2025 which comprise the abridged statement of financial position and 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 at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Boode Farm Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Boode Farm Limited and state those matters that we have agreed to state to the board of directors of Boode Farm 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 Boode Farm Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Boode 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 profit of Boode Farm Limited. You consider that Boode 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 Boode 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.

Giffords LLP

Chartered Accountants

Office 8 The Barns Farm Road

Caddsdown Industrial Park

Bideford

Devon

EX39 3BT

5 November 2025

Boode Farm Limited

Abridged statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	477,593		488,178
Investments	6	30,139		24,428
		________		________
			507,732		512,606

Current assets
Stocks		311,536		301,078
Debtors		75,489		93,555
Cash at bank and in hand		488,467		441,565
		________		________
		875,492		836,198
Creditors: amounts falling due
within one year	7	( 592,545)		( 764,682)
		________		________
Net current assets			282,947		71,516
			________		________
Total assets less current liabilities			790,679		584,122

Creditors: amounts falling due
after more than one year			( 12,560)		( 29,227)

Provisions for liabilities			( 119,398)		( 72,432)

			________		________
Net assets			658,721		482,463
			________		________

Capital and reserves
Called up share capital			10		10
Profit and loss account			658,711		482,453
			________		________
Shareholders funds			658,721		482,463
			________		________

For the year ending 31 March 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 year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

All of the members have consented to the preparation of the abridged statement of financial position for the current year ending 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements were approved by the board of directors and authorised for issue on 24 October 2025 , and are signed on behalf of the board by:

Mr G B Fowler Mrs A M Fowler

Director Director

Company registration number: 12188658

Boode Farm Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Office 8 The Barns Farm Road, Caddsdown Industrial Park, Bideford, Devon, EX39 3BT.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:


Plant and machinery	-	20 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Biological assets

Biological assets are included applying the cost model at cost less accumulated depreciation and any accumulated impairment losses, within stocks.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 3 ).

5. Tangible assets


		£
	Cost
	At 1 April 2024	783,358
	Additions	108,813
		________
	At 31 March 2025	892,171
		________
	Depreciation
	At 1 April 2024	295,180
	Charge for the year	119,398
		________
	At 31 March 2025	414,578
		________
	Carrying amount
	At 31 March 2025	477,593
		________
	At 31 March 2024	488,178
		________

6. Investments


		£
	Cost
	At 1 April 2024	24,428
	Additions	5,711
		________
	At 31 March 2025	30,139
		________
	Impairment
	At 1 April 2024 and 31 March 2025	-
		________
	Carrying amount
	At 31 March 2025	30,139
		________
	At 31 March 2024	24,428
		________

7. Creditors: amounts falling due within one year

During the year, the directors leant the company funds. The loan is interest free and repayable on demand. On no occasion did the directors loan account become overdrawn and on that basis the company has not specifically disclosed further details within the notes to the accounts.

8. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Related Partnership	349,868	431,836	( 79,689)	( 113,111)
	________	________	________	________

During the year, the company purchased goods and services from a related partnership business, in which the directors are partners. All transactions between Boode Farm Limited and the related partnership business took place on an arms length basis and the directors consider the transactions to have taken place using open market values.