REGISTERED NUMBER: 01099192 (England and Wales)

S.H. BROWN (FARMS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

5 APRIL 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S K Brown

J R Brown

SECRETARY:

S K Brown

REGISTERED OFFICE:

The Old Rectory

West End

Winteringham

Scunthorpe

North Lincolnshire

DN15 9NR

REGISTERED NUMBER:

01099192 (England and Wales)

FIXED ASSETS

Tangible assets

4

1,153,028

1,172,144

CURRENT ASSETS

Stocks

5

468,101

364,312

Debtors

6

119,793

166,641

Cash at bank

612

4,462

588,506

535,415

CREDITORS

Amounts falling due within one year

7

655,171

648,039

NET CURRENT LIABILITIES

(66,665

)

(112,624

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,086,363

1,059,520

CREDITORS

Amounts falling due after more than one year

8

(791,068

)

(829,888

)

PROVISIONS FOR LIABILITIES

(146,822

)

(151,106

)

NET ASSETS

148,473

78,526

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Revaluation reserve

10

826,793

832,571

Retained earnings

(679,320

)

(755,045

)

SHAREHOLDERS' FUNDS

148,473

78,526

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 December 2025 and were signed on its behalf by:

S K Brown - Director

J R Brown - Director

1.	STATUTORY INFORMATION

S.H. Brown (Farms) Limited 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 as modified by the revaluation of certain assets.

The financial statements have been prepared on a going concern basis, notwithstanding the net current liabilities of £70,852. The directors expect the company to remain a going concern given the continuing support of the bank, related company and the directors themselves.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

in accordance with the property

Plant and machinery etc

-

25% on reducing balance and 20% on reducing balance

Stocks

Stocks are stated at the lower of cost and net realisable value. Cost is computed on the first in first out basis. The cost of work in progress and finished goods includes all production overheads and depreciation and the attributable proportion of indirect overheads based on normal level of activity. Net realisable value is based on estimated selling price less the estimated cost of disposal.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

COST OR VALUATION

At 6 April 2024

190,300

1,075,000

170,567

Additions

-

-

-

Disposals

-

-

(16,750

)

At 5 April 2025

190,300

1,075,000

153,817

DEPRECIATION

At 6 April 2024

-

137,102

127,966

Charge for year

-

17,138

7,161

Eliminated on disposal

-

-

(13,807

)

At 5 April 2025

-

154,240

121,320

NET BOOK VALUE

At 5 April 2025

190,300

920,760

32,497

At 5 April 2024

190,300

937,898

42,601

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST OR VALUATION

At 6 April 2024

16,826

2,485

1,455,178

Additions

9,000

-

9,000

Disposals

(16,826

)

-

(33,576

)

At 5 April 2025

9,000

2,485

1,430,602

DEPRECIATION

At 6 April 2024

16,772

1,194

283,034

Charge for year

2

820

25,121

Eliminated on disposal

(16,774

)

-

(30,581

)

At 5 April 2025

-

2,014

277,574

NET BOOK VALUE

At 5 April 2025

9,000

471

1,153,028

At 5 April 2024

54

1,291

1,172,144

Cost or valuation at 5 April 2025 is represented by:

Freehold

Short

Plant and

property

leasehold

machinery

£

£

£

Valuation in 2016

34,028

721,249

-

Cost

156,272

353,751

153,817

190,300

1,075,000

153,817

Motor

Computer

vehicles

equipment

Totals

£

£

£

Valuation in 2016

-

-

755,277

Cost

9,000

2,485

675,325

9,000

2,485

1,430,602

If leasehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

353,751

353,751

Aggregate depreciation

310,695

310,695

Leasehold land and buildings were valued on a continuing use basis on 5 April 2016 by the directors .

5.

STOCKS

2025

2024

£

£

Valuation

468,101

364,312

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

87

44,100

Other debtors

119,706

122,541

119,793

166,641

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

452,397

421,117

Trade creditors

71,335

11,547

Taxation and social security

8,776

6,828

Other creditors

122,663

208,547

655,171

648,039

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

791,068

829,888

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

603,799

680,835

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

411,084

381,634

Bank loans

832,381

869,371

1,243,465

1,251,005

The Directors have given personal guarantees as security on the company's overdraft and bank loan as at 5 April 2025.

10.

RESERVES

Revaluation

reserve

£

At 6 April 2024

832,571

Property revaluation

depreciation

(10,062

)

Deferred tax on revaluations

4,284

At 5 April 2025

826,793

11.	RELATED PARTY DISCLOSURES

12.	CONTROLLING PARTY

The controlling party for the company during the financial year was the executors of S H Brown by virtue of his ownership of 100% of the issued share capital of the company. On 28 February 2025 these shares transferred to Mr J R Brown.