R.Fowler & Sons,Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00397217 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

R.Fowler & Sons,Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

Mr B R Moore

Mrs J M Moore

Registered office:

The Courtyard

19 High Street

Pershore

Worcestershire

WR10 1AA

Registered number:

00397217 (England and Wales)

Accountants:

Crowthers Chartered Accountants

1 Ripple Court

Brockeridge Park

Tewkesbury

Gloucestershire

GL20 6FG

FIXED ASSETS

Tangible assets

4

7,224,922

7,213,639

Investment property

5

555,000

7,779,922

7,768,639

CURRENT ASSETS

Stocks

161,555

157,609

Debtors

6

2,922

1,942

Cash at bank

38

36

164,515

159,587

CREDITORS

Amounts falling due within one year

7

582,137

571,752

NET CURRENT LIABILITIES

(417,622

)

(412,165

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,362,300

7,356,474

CREDITORS

Amounts falling due after more than one
year

8

(507,625

)

(505,000

)

PROVISIONS FOR LIABILITIES

(1,539,273

)

(1,536,152

)

NET ASSETS

5,315,402

5,315,322

CAPITAL AND RESERVES

Called up share capital

10

16,000

Share premium

73,010

Revaluation reserve

11

5,548,693

Capital redemption reserve

5,000

Non Distributable Reserve

11

406,764

Retained earnings

(734,065

)

(734,145

)

SHAREHOLDERS' FUNDS

5,315,402

5,315,322

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 19 December 2025 and were signed on its behalf by:

Mr B R Moore - Director

1.	STATUTORY INFORMATION

R.Fowler & Sons,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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Freehold property

-

2% on cost and NIL

Other farm equipment

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Tangible assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The financial statements have been prepared on a going concern basis as the directors intend to continue to support the company.

The directors believe the company is well placed to manage its financing and other business risks satisfactorily, and there is a reasonable expectation that the company will have adequate resources to continue in operation for at least 12 months. They therefore consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements.

The financial statements do not include any adjustments that would result from the withdrawal of the directors support.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

Cost or valuation

At 1 April 2024

7,184,100

413,064

7,597,164

Additions

-

22,805

Disposals

-

(8,645

)

(8,645

)

At 31 March 2025

7,184,100

427,224

7,611,324

Depreciation

At 1 April 2024

-

383,525

Charge for year

-

8,262

Eliminated on disposal

-

(5,385

)

(5,385

)

At 31 March 2025

-

386,402

Net book value

At 31 March 2025

7,184,100

40,822

7,224,922

At 31 March 2024

7,184,100

29,539

7,213,639

Cost or valuation at 31 March 2025 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

Valuation in 1995

45,663

-

45,663

Valuation in 2011

2,379,221

-

2,379,221

Valuation in 2022

4,520,140

-

4,520,140

Cost

239,076

427,224

666,300

7,184,100

427,224

7,611,324

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

2025

2024

£

Cost

220,390

Aggregate depreciation

23,260

Freehold land and buildings were valued on an open market basis on 31 May 2022 by Lovatt & Nott .

5.	INVESTMENT PROPERTY

Total

£

Fair value

At 1 April 2024

and 31 March 2025

555,000

Net book value

At 31 March 2025

555,000

At 31 March 2024

555,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2015

546,156

Valuation in 2022

(5,000

)

Cost

13,844

555,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

Cost

13,844

Investment property was valued on an open market basis on 31 May 2022 by Lovatt & Nott .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

2,922

1,942

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

41,948

40,776

Hire purchase contracts

9,034

-

Trade creditors

2,942

16,690

Social security and other taxes

1,256

1,214

Other creditors

5,487

4,112

G E Brian loan

7,045

J Price loan

34,500

22,000

Directors' current accounts

478,105

478,361

Accrued expenses

1,820

1,554

582,137

571,752

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2025

2024

£

Bank loans more 5 yrs non-inst

505,000

Hire purchase contracts

2,625

-

507,625

505,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

505,000

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

505,000

The bank holds a first mortgage dated 4 August 1995 over the Commercial Freehold land only at Summerhill Farm and Huntingdrop Farm, Hanbury, Droitwich, Worcestershire.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

16,000

Ordinary

1

16,000

11.

RESERVES

Non

Revaluation

Distributable

reserve

Reserve

Totals

£

At 1 April 2024

and 31 March 2025

5,548,693

406,764

5,955,457

The taxation treatment of items within the revaluation reserve is that deferred tax is accounted for on the taxable gain that would arise on the difference between the carrying value of chargeable assets in the accounts and the indexed cost of the underlying assets.

The chargeable gains would not be taxable until the point at which the assets are disposed of. The tax rate used to determine the deferred tax liability is the rate that is enacted or substantially enacted for future periods in which the land and buildings may be sold.

Any deferred tax movements related to revalued assets is taken through other comprehensive income and included within the revaluation reserve.

The company has also elected to make a reserve transfer of the excess depreciation charge on revalued assets between the revaluation reserve and retained earnings.

The treatment of the fair value reserve is substantially the same with deferred tax being recognised on the chargeable gain between the fair value of investment property and its indexed base cost. Movements in fair value and deferred tax are taken through P&L and allocated to the fair value reserves in equity.

Neither the revaluation reserve nor the fair value reserve are distributable as they represent unrealised gains.

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within the balance of other creditors is an amount of £478,105 (2024: £478,361) owed to the directors by the company. The loan is interest free with no fixed repayment terms, however, the directors would not call in the loan if it risked the solvency of the company.