| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 March 2025 |
| for |
| Betteshanger Farms Limited |
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 March 2025 |
| for |
| Betteshanger Farms Limited |
| Betteshanger Farms Limited (Registered number: 00574919) |
| Contents of the Financial Statements |
| for the Year Ended 31 March 2025 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Betteshanger Farms Limited |
| Company Information |
| for the Year Ended 31 March 2025 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Assembly Building B |
| 5th Floor |
| Cheese Lane |
| Bristol |
| BS2 0JJ |
| Betteshanger Farms Limited (Registered number: 00574919) |
| Balance Sheet |
| 31 March 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Investments | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 10 |
| Retained earnings | 11 |
| SHAREHOLDERS' FUNDS |
| The director acknowledges his 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. |
| Betteshanger Farms Limited (Registered number: 00574919) |
| Balance Sheet - continued |
| 31 March 2025 |
| The financial statements were approved by the director and authorised for issue on |
| Betteshanger Farms Limited (Registered number: 00574919) |
| Notes to the Financial Statements |
| for the Year Ended 31 March 2025 |
| 1. | STATUTORY INFORMATION |
| Betteshanger Farms Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Freehold property | - |
| No depreciation is provided in respect of freehold land. The directors believe that depreciation on buildings is negligible when cost is compared to anticipated net realisable value on any future disposal. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
| Borrowings |
| Borrowings from the Agricultural Mortgage Corporation (AMC) are initially recognised at the fair value of the proceeds received, net of any directly attributable transaction costs. The capital repayments due within one year of the balance sheet date are classified as current liabilities, with the remaining balance classified as non-current liabilities. Borrowings from AMC are secured against land and property. The details of the security are disclosed in the notes to the financial statements. The interest is charged to the Profit & Loss based on the contractual (nominal) interest rate over the loan term. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2024 - NIL). |
| Betteshanger Farms Limited (Registered number: 00574919) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 4. | TANGIBLE FIXED ASSETS |
| Freehold |
| property |
| £ |
| COST |
| At 1 April 2024 |
| and 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Amounts owed by participating interests | 190,413 | 136,744 |
| Other debtors |
| Prepayments and accrued income |
| 6. | CURRENT ASSET INVESTMENTS |
| 2025 | 2024 |
| £ | £ |
| Shares in group undertakings |
| Investment in JS Crop Ltd |
| The Company holds a 50% ownership interest in JS Crop Ltd, with an investment of 150,000 shares out of a total of 300,000 shares issued by JS Crop Ltd. JS Crop Ltd is incorporated in the UK and it's principal activity is the support of crop production activities. The investment is recorded at cost in these financial statements. |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade creditors |
| Tax |
| Accruals and deferred income |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans | 1,195,800 | 1,195,800 |
| Amounts falling due in more than five years: |
| Repayable otherwise than by instalments |
| Bank loans |
| Betteshanger Farms Limited (Registered number: 00574919) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 March 2025 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank loans |
| The bank overdraft is secured by a mortgage debenture giving either a first or second charge over freehold land and buildings together with a charge on all other assets of the Company to which the Company has full title. |
| A bank loan totalling £80,800 raised from AMC Bank Limited is secured on land known as Land at Finglesham Farm, Updown Farm, West Street Farm, West Street Marshes, Land at Doves Corner, Hackilinge Farm and Lydden Valley Marshes, Northbourne, Kent, (822.19 acres in total). This is an interest only loan and expires 4 September 2027. The interest rate payable is 3.76%. |
| A bank loan totalling £1,115,000 raised from AMC Bank Limited is secured on land known as Land at Finglesham Farm, Updown Farm, West Street Farm, West Street Marshes, Land at Doves Corner, Hackilinge Farm and Lydden Valley Marshes, Northbourne, Kent, (822.19 acres in total). This is an interest only loan and expires 4 April 2027. The interest rate payable is 3.76%. |
| 10. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | 1 | 23,500 | 23,500 |
| 11. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 April 2024 |
| Profit for the year |
| At 31 March 2025 |
| 12. | RELATED PARTY DISCLOSURES |
| Northbourne Farming Partnership LLP ("NFP LLP"): The Company is a member of the partnership. As at 31 March 2025, an amount of £167,359 was receivable from NFP LLP (2024: £113,690). Transactions during the year total £53,669 and relate to profit share.. |
| JS Crop Ltd: As at the balance sheet date JS Crop Ltd owed Betteshanger Farms Ltd £23,053 (2024: £23,053). This is made up of £60,840 due to Betteshanger Farms Ltd less £37,787 due from Northbourne Farming Partnership. A historical decision was made to net these balances off within the Betteshanger Farms Ltd accounts. |
| 13. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |