Paul & Jane Mansfield Soft Fruits Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 04792163

Paul & Jane Mansfield Soft Fruits Ltd

Filleted Unaudited Financial Statements

31 December 2024

Paul & Jane Mansfield Soft Fruits Ltd

Financial Statements

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Paul & Jane Mansfield Soft Fruits Ltd

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5	1,644,043	1,747,338
Investments	6	522	522
		------------	------------
		1,644,565	1,747,860

Current assets

Stocks		751,875	791,007
Debtors	7	676,453	362,707
Cash at bank and in hand		25,670	119,804
		------------	------------
		1,453,998	1,273,518

Creditors: amounts falling due within one year	8	3,847,993		3,509,795
		------------		------------
Net current liabilities			2,393,995	2,236,277
			------------	------------
Total assets less current liabilities			( 749,430)	( 488,417)

Creditors: amounts falling due after more than one year	9	22,619	–
		---------	---------
Net liabilities		( 772,049)	( 488,417)
		---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 772,149)	( 488,517)
	---------	---------
Shareholders deficit	( 772,049)	( 488,417)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Paul & Jane Mansfield Soft Fruits Ltd

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 15 December 2025 , and are signed on behalf of the board by:

Mr M J Jarrett

Director

Company registration number: 04792163

Paul & Jane Mansfield Soft Fruits Ltd

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors considered the going concern basis to be appropriate as they confirmed their continued financial support to the business to allow it to meet its debts as they fall due for at least 12 months from the date of signing the accounts.

Consolidation

The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	10% reducing balance
Motor vehicles	-	25% reducing balance

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Investments in associates

Investments in associates are accounted for in accordance with the cost model, and are recorded at cost less any accumulated impairment losses. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. 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. If an arrangement constitutes a finance transaction it is measured at present value.

Audit exemption

The company is exempt from the requirement to have its financial statements audited for the year ended 31 December 2024 by virtue of section 479A of the Companies Act 2006. The members have not required the company to obtain an audit of its financial statements for the year in accordance with section 476 of the Companies Act 2006.

The company's parent undertaking, Greosn Ltd, registered in England and Wales with company number 09300360, has guaranteed all outstanding liabilities to which the company is subject at the end of the financial year, until they are satisfied in full.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 3 ).

5. Tangible assets

	Plant and machinery	Motor vehicles	Total
	£	£	£
Cost
At 1 January 2024	4,535,593	324,207	4,859,800
Additions	84,664	–	84,664
	------------	---------	------------
At 31 December 2024	4,620,257	324,207	4,944,464
	------------	---------	------------
Depreciation
At 1 January 2024	2,851,096	261,366	3,112,462
Charge for the year	172,249	15,710	187,959
	------------	---------	------------
At 31 December 2024	3,023,345	277,076	3,300,421
	------------	---------	------------
Carrying amount
At 31 December 2024	1,596,912	47,131	1,644,043
	------------	---------	------------
At 31 December 2023	1,684,497	62,841	1,747,338
	------------	---------	------------

6. Investments

	Other investments other than loans
	£
Cost
At 1 January 2024 and 31 December 2024	2,045,164
	------------
Impairment
At 1 January 2024 and 31 December 2024	2,044,642
	------------

Carrying amount
At 31 December 2024	522
	------------
At 31 December 2023	522
	------------

7. Debtors

	2024	2023
	£	£
Trade debtors	53,693	18,498
Amounts owed by group undertakings and undertakings in which the company has a participating interest	299,100	279,100
Other debtors	323,660	65,109
	---------	---------
	676,453	362,707
	---------	---------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	281,001	349,883
Amounts owed to group undertakings and undertakings in which the company has a participating interest	585,000	560,000
Other creditors	2,981,992	2,599,912
	------------	------------
	3,847,993	3,509,795
	------------	------------

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

	2024	2023
	£	£
Other creditors	22,619	–
	--------	----

10. Related party transactions

At the year end the company was owed £299,000 (2023: £279,000) by a group company. At the year end the company owed £2,555,000 (2023: £2,065,000) to group companies. At the year end the company owed a Director £nil (2023: £136,337).

11. Controlling party

The parent company of Paul & Jane Mansfield Soft Fruits Ltd is Mansfield Farms Group Limited. Mansfield Farms Group Limited is controlled by Greosn Ltd. The registered address of Greosn Ltd is Pagham Road, Lagness, Chichester, West Sussex, United Kingdom, PO20 1LL .