REGISTERED NUMBER: 03355569 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

SMITH BROTHERS FARMS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Smith

M J Smith

SECRETARY:

R Smith

REGISTERED OFFICE:

Brockhurst

Brockhurst Lane

Canwell

Sutton Coldfield

West Midlands

B75 5SR

REGISTERED NUMBER:

03355569 (England and Wales)

ACCOUNTANTS:

Philip Barnes & Co Limited

Chartered Accountants

The Old Council Chambers

Halford Street

Tamworth

Staffordshire

B79 7RB

FIXED ASSETS

Intangible assets

4

-

14,204

Tangible assets

5

4,314,844

4,354,846

4,314,844

4,369,050

CURRENT ASSETS

Stocks

72,875

72,660

Debtors

6

372,456

469,806

Investments

7

1,461,209

1,357,670

Cash at bank

226,341

32,739

2,132,881

1,932,875

CREDITORS

Amounts falling due within one year

8

145,843

144,931

NET CURRENT ASSETS

1,987,038

1,787,944

TOTAL ASSETS LESS CURRENT LIABILITIES

6,301,882

6,156,994

PROVISIONS FOR LIABILITIES

40,000

40,000

NET ASSETS

6,261,882

6,116,994

CAPITAL AND RESERVES

Called up share capital

9

3,050,000

3,050,000

Retained earnings

3,211,882

3,066,994

SHAREHOLDERS' FUNDS

6,261,882

6,116,994

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2025 and were signed on its behalf by:

R Smith - Director

1.	STATUTORY INFORMATION

Smith Brothers Farms Ltd 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.

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

Turnover

Turnover represents revenue recognised by the company in respect of goods and services supplied during the period, excluding 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.

Freehold land and buildings

-

straight line over estimated useful life

Tractors, machinery & implements

-

25% reducing balance

Fixed plant

-

5% straight line

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 Profit and loss account, 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.

Intangible assets

Intangible assets are measured at cost less any accumulated impairment losses.

Investments

Investments are included at fair value. Listed investments are valued at their market value at the balance sheet date and any changes in their fair value between the previous year end or acquisition, as applicable, are recognised in the profit and loss account.

Woodland grants

Woodland grants are matched on an accruals basis against the costs to which they relate.

3.

EMPLOYEES

The average number of employees during the year was 1 (2024 - NIL ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2024

14,204

Disposals

(14,204

)

At 30 June 2025

-

NET BOOK VALUE

At 30 June 2025

-

At 30 June 2024

14,204

The intangible asset comprises SPS entitlement acquired.

5.	TANGIBLE FIXED ASSETS

Freehold

Tractors,

land and

machinery

Fixed

Computer

buildings

& implements

plant

equipment

Totals

£

£

£

£

£

COST

At 1 July 2024

4,410,776

308,985

53,810

354

4,773,925

Additions

-

11,250

-

-

11,250

Disposals

(2,305

)

-

-

-

(2,305

)

At 30 June 2025

4,408,471

320,235

53,810

354

4,782,870

DEPRECIATION

At 1 July 2024

214,548

159,384

44,832

315

419,079

Charge for year

8,337

39,744

827

39

48,947

At 30 June 2025

222,885

199,128

45,659

354

468,026

NET BOOK VALUE

At 30 June 2025

4,185,586

121,107

8,151

-

4,314,844

At 30 June 2024

4,196,228

149,601

8,978

39

4,354,846

Included in cost of land and buildings is freehold land of £ 4,005,575 (2024 - £ 4,005,575 ) which is not depreciated.

6.

DEBTORS

2025

2024

£

£

Amounts falling due within one year:

Trade debtors

31,177

74,150

Other debtors

1,279

55,656

32,456

129,806

Amounts falling due after more than one year:

Other debtors

340,000

340,000

Aggregate amounts

372,456

469,806

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Listed investments

1,461,209

1,357,670

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

72,375

71,661

Taxation and social security

30,235

23,421

Other creditors

43,233

49,849

145,843

144,931

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

3,050,000

Ordinary shares

£1

3,050,000

3,050,000

10.	RELATED PARTY DISCLOSURES

At the balance sheet date the company was owed £Nil (2024: £50,000.00) by related parties.

Included within other creditors is a balance of £2,751 owed to the directors (2024: £8,412).