Company No: 08975476 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	3,807,929		3,135,037
		3,807,929		3,135,037
Current assets
Stocks		418,194		436,239
Debtors	4	1,208,145		753,453
Cash at bank and in hand		702,572		716,080
		2,328,911		1,905,772
Creditors: amounts falling due within one year	5	( 2,251,686)		( 1,370,279)
Net current assets		77,225		535,493
Total assets less current liabilities		3,885,154		3,670,530
Creditors: amounts falling due after more than one year	6	( 944,695)		( 1,176,540)
Provision for liabilities		( 557,749)		( 417,605)
Net assets		2,382,710		2,076,385
Capital and reserves
Called-up share capital	7	150		150
Profit and loss account		2,382,560		2,076,235
Total shareholder's funds		2,382,710		2,076,385

For the financial 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 member has 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Strawberry Fields Farm Shop Limited (registered number: 08975476) were approved and authorised for issue by the Board of Directors on 27 December 2025. They were signed on its behalf by:

A R J Mounce 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

Strawberry Fields Farm Shop Limited (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 Lifton Farm Shop, Lifton, PL16 0DE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Land and buildings	5 - 25 % reducing balance
Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

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 of finished goods and work in progress 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.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

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.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	167		143

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Total
	£		£		£		£
Cost
At 01 April 2024	2,662,813		2,739,914		270,067		5,672,794
Additions	719,240		661,484		25,000		1,405,724
Disposals	0		( 18,860)		( 2,000)		( 20,860)
At 31 March 2025	3,382,053		3,382,538		293,067		7,057,658
Accumulated depreciation
At 01 April 2024	625,264		1,852,895		59,598		2,537,757
Charge for the financial year	407,480		256,768		55,532		719,780
Disposals	0		( 6,075)		( 1,733)		( 7,808)
At 31 March 2025	1,032,744		2,103,588		113,397		3,249,729
Net book value
At 31 March 2025	2,349,309		1,278,950		179,670		3,807,929
At 31 March 2024	2,037,549		887,019		210,469		3,135,037

4. Debtors

	2025		2024
	£		£
Trade debtors	34,870		11,893
Amounts owed by directors	131,137		0
Prepayments and accrued income	400,646		211,889
VAT recoverable	52,665		0
Other debtors	588,827		529,671
	1,208,145		753,453

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured £ 166,783)	176,951		155,154
Trade creditors	1,232,535		579,514
Amounts owed to Group undertakings	100		100
Taxation and social security	134,436		203,756
Obligations under finance leases and hire purchase contracts	23,434		23,434
Other creditors	684,230		408,321
	2,251,686		1,370,279

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

	2025		2024
	£		£
Bank loans (secured £ 930,844)	940,580		1,161,463
Obligations under finance leases and hire purchase contracts	4,115		15,077
	944,695		1,176,540

HSBC hold a fixed and floating charge over the assets of the company.

Finance lease liabilities are secured over the assets to which they relate.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans	248,648		531,611

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
150 Ordinary shares of £ 1.00 each	150		150

8. Financial commitments

Commitments

The total amount of financial commitments not included in the balance sheet is £674,475 (2024 - £302,500).

9. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Mr A R J Mounce Balance b/fwd	(50)		2,933
Advances to director	67,149		52,958
Repayments by director	(47,969)		(55,941)
	0		0
At 31 March	19,130		(50)
	0		0
Mrs L M Mounce Balance b/fwd	0		2,933
Advances to director	57,807		42,318
Repayments by director	(20,938)		(45,251)
	0		0
At 31 March	36,869		0
	0		0
Mr R J Mounce Balance b/fwd	0		2,933
Advances to director	44,135		18,365
Repayments by director	(6,566)		(21,298)
	0		0
At 31 March	37,569		0
	0		0
Mrs J Mounce Balance b/fwd	0		2,933
Advances to director	44,135		18,365
Repayments by director	(6,566)		(21,298)
	0		0
At 31 March	37,569		0
	0		0

2.25% loan account, unsecured and repayable on demand

10. Ultimate controlling party

Parent Company:

Strawberry Fields Holdings Limited

Lifton Farm Shop, Strawberry Fields, Lifton, PL16 0DE, United Kingdom