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Company No: 06796003 (England and Wales)

# SPARKFORD ESTATES TRADING LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

SPARKFORD ESTATES TRADING LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

SPARKFORD ESTATES TRADING LIMITED

## BALANCE SHEET

As at 31 March 2025
SPARKFORD ESTATES TRADING LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 4 | 2,371,814 |  | 3,015,117
|  | 2,371,814 |  | 3,015,117
Current assets |  |  |  |
Debtors | 5 | 699,171 |  | 647,779
Cash at bank and in hand |  | 132,569 |  | 138,536
|  | 831,740 |  | 786,315
Creditors: amounts falling due within one year | 6 | ( 27,177) |  | ( 30,843)
Net current assets |  | 804,563 |  | 755,472
Total assets less current liabilities |  | 3,176,377 |  | 3,770,589
Provision for liabilities | 7 | ( 157,466) |  | ( 408,081)
Net assets |  | 3,018,911 |  | 3,362,508
Capital and reserves |  |  |  |
Called-up share capital |  | 64,636 |  | 64,636
Share premium account |  | 1,317,864 |  | 1,317,864
Undistributable reserve |  | 982,500 |  | 1,626,100
Profit and loss account |  | 653,911 |  | 353,908
Total shareholder's funds |  | 3,018,911 |  | 3,362,508

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 Profit and Loss Account has not been delivered.

The financial statements of Sparkford Estates Trading Limited (registered number: 06796003) were approved and authorised for issue by the Board of Directors on 18 November 2025. They were signed on its behalf by:

William Hunt Charles Longman Director |

SPARKFORD ESTATES TRADING LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
SPARKFORD ESTATES TRADING LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 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

Sparkford Estates Trading 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 Bishopsbrook House, Cathedral Avenue, Wells, BA5 1FD, United Kingdom. The principal place of business is Lower North Town Farm, North Cadbury, Yeovil, Somerset, BA22 7BZ.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties 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 £.

##### Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. The turnover is accrued when the rights to income are earned.

##### 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.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Entitlements | 8 - 9 years straight line

##### Tangible fixed assets

Tangible fixed assets are stated at cost, 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, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings | not depreciated
Plant and machinery | 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.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### 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, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

##### 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 | 2 |  | 1

#### 3. Intangible assets

| Entitlements |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 18,843 |  | 18,843
At 31 March 2025 | 18,843 |  | 18,843
Accumulated amortisation |  |  |
At 01 April 2024 | 18,843 |  | 18,843
At 31 March 2025 | 18,843 |  | 18,843
Net book value |  |  |
At 31 March 2025 | 0 |  | 0
At 31 March 2024 | 0 |  | 0

#### 4. Tangible assets

| Land and buildings |  | Plant and machinery |  | Total
| £ |  | £ |  | £
Cost |  |  |  |  |
At 01 April 2024 | 3,008,600 |  | 9,953 |  | 3,018,553
Additions | 0 |  | 2,030 |  | 2,030
Revaluations | ( 643,600) |  | 0 |  | ( 643,600)
At 31 March 2025 | 2,365,000 |  | 11,983 |  | 2,376,983
Accumulated depreciation |  |  |  |  |
At 01 April 2024 | 0 |  | 3,436 |  | 3,436
Charge for the financial year | 0 |  | 1,733 |  | 1,733
At 31 March 2025 | 0 |  | 5,169 |  | 5,169
Net book value |  |  |  |  |
At 31 March 2025 | 2,365,000 |  | 6,814 |  | 2,371,814
At 31 March 2024 | 3,008,600 |  | 6,517 |  | 3,015,117

Revaluation of tangible assets

The revaluation of land and buildings has been arrived at on the basis of a valuation carried out at 8th March 2024 by an external valuer, N P S Oliver, MRICS of Cooper & Tanner Chartered Surveyors, who are not connected with the
company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.
The directors believe the value to be appropriate at 31 March 2025.
If the freehold properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2025 |  | 2024
| £ |  | £
Historical cost | 1,382,500 |  | 1,382,500
Carrying value | 1,382,500 |  | 1,382,500

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Other debtors | 699,171 |  | 647,779

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 7,808 |  | 0
Taxation and social security | 15,999 |  | 22,809
Other creditors | 3,370 |  | 8,034
| 27,177 |  | 30,843

#### 7. Deferred tax

| 2025 |  | 2024
| £ |  | £
At the beginning of financial year | ( 408,081) |  | 0
Credited/(charged) to the Profit and Loss Account | 250,615 |  | ( 408,081)
At the end of financial year | ( 157,466) |  | ( 408,081)

#### 8. Related party transactions

Transactions with entities in which the entity itself has a participating interest

| 2025 |  | 2024
| £ |  | £
Amounts owed by related parties | 696,183 |  | 646,183