Registration number: 01619378

Oakfield Farm Products Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 11

Oakfield Farm Products Limited

Company Information

Director

T H Owens

Registered office

111/113 High Street Evesham Worcestershire WR11 4XP

Accountants

Clement Rabjohns Limited Chartered Accountants111/113 High Street Evesham Worcestershire WR11 4XP

Oakfield Farm Products Limited

(Registration number: 01619378)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	3,744	40,398
Investment property	5	1,624,000	1,624,000
Other financial assets	6	-	127,272
		1,627,744	1,791,670
Current assets
Debtors	7	2,100,438	842,593
Cash at bank and in hand		12,350	1,018,858
		2,112,788	1,861,451
Creditors: Amounts falling due within one year	8	(6,557)	(5,362)
Net current assets		2,106,231	1,856,089
Total assets less current liabilities		3,733,975	3,647,759
Provisions for liabilities		(55,987)	(33,101)
Net assets		3,677,988	3,614,658
Capital and reserves
Called up share capital	9	5,000	5,000
Other reserves		353,703	353,703
Retained earnings		3,319,285	3,255,955
Shareholders' funds		3,677,988	3,614,658

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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 December 2025
 

Oakfield Farm Products Limited

(Registration number: 01619378)
Balance Sheet as at 31 March 2025

......................................... T H Owens Director

Oakfield Farm Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales, UK.

The address of its registered office is:
111/113 High Street
Evesham
Worcestershire
WR11 4XP
England

The principal place of business is:
Newtown
Offenham
Evesham
Worcestershire
WR11 8RZ
United Kingdom

These financial statements were authorised for issue by the director on 22 December 2025.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Oakfield Farm Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings, and equipment	15% reducing balance
Motor vehicles	25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Oakfield Farm Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

Oakfield Farm Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Fixtures and fittings £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	42,495	63,990	106,485
Disposals	-	(63,990)	(63,990)
At 31 March 2025	42,495	-	42,495
Depreciation
At 1 April 2024	38,091	27,996	66,087
Charge for the year	660	5,249	5,909
Eliminated on disposal	-	(33,245)	(33,245)
At 31 March 2025	38,751	-	38,751
Carrying amount
At 31 March 2025	3,744	-	3,744
At 31 March 2024	4,404	35,994	40,398

5	Investment properties

	2025 £
At 1 April	1,624,000
At 31 March	1,624,000

The freehold investment property is valued at market value based on the exiting tenancy agreement.

The freehold investment property was professionally valued in September 2024 with a total market value of £1,624,000. The Directors believe this amount to be similar as of 31 March 2025.

Impairment of investment property

The amount of reversal of impairment recognised in profit or loss is £Nil (2024 - £439,396).

Carrying amount of investment property rented to another group entity

The carrying amount of investment property rented to another group entity was £ 1,365,000 (2024 - £1,365,000) .

Oakfield Farm Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6	Other financial assets (current and non-current)

	Financial assets at fair value through profit and loss £	Total £
Non-current financial assets
Cost or valuation
At 1 April 2024	127,272	127,272
Disposals	(127,272)	(127,272)
At 31 March 2025	-	-
Impairment
Carrying amount
At 31 March 2025	-	-

7

Debtors

	Note	2025 £	2024 £
Amounts owed by related parties	11	1,629,489	-
Other debtors		470,949	842,593
Less non-current portion		(1,460,000)	(169,489)
		640,438	673,104

Details of non-current trade and other debtors

£1,460,000 (2024 -£169,489) of other debtors and amounts due from related parties is a loan to Magnus Investment Holdings Ltd (parent company) and is classified as non current.

Oakfield Farm Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

8

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	2,944	-
Social security and other taxes	613	862
Accruals	3,000	4,500
	6,557	5,362

9	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	5,000	5,000	5,000	5,000

10

Reserves

	Tangible assets 2025 £
Total amount of revalued assets	1,624,000
Amount of revaluation brought forward	(471,604)
Total carrying amount of assets had they not been revalued	1,152,396

Deferred tax has been provided for on the investment property valuation gain at the tax rate effective from 1 April 2023 of 25% amounting to £117,901 (2024 £117,901).

Oakfield Farm Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

11	Related party transactions

Unless otherwise disclosed, all related party transactions have been conducted under normal market conditions, including dividend payments to shareholders.

Transactions with the director

2025	At 1 April 2024 £	Advances to director £	Repayments by director £	At 31 March 2025 £
H J Owens
Overdrawn loan account (interest payable at 2.25%)	304,702	455,384	(760,085)	-
T H Owens
Overdrawn loan account (interest payable at 2.25%)	-	204,152	(12,000)	192,152

2024	At 1 April 2023 £	Advances to director £	At 31 March 2024 £
H J Owens
Overdrawn loan account (interest payable at 2.25%)	-	304,702	304,702

Oakfield Farm Products Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

12	Financial instruments

Categorisation of financial instruments

	2025  £	2024  £
Financial assets measured at fair value through profit or loss	-	127,272

Financial assets measured at fair value

BRI Wealth Management portfolio
Fair market value at the year end date is used to measure the value of this financial asset.

The fair value is £Nil (2024 - £127,272) and the change in value included in profit or loss is £Nil (2024 - £7,837).

Items of income, expense, gains or losses

2025	Income £	Expense £	Net gains £	Net losses £
Financial assets measured at fair value through profit or loss	1,570	-	2,517	-

2024	Income £	Expense £	Net gains £	Net losses £
Financial assets measured at fair value through profit or loss	2,268	-	8,260	-

13	Parent and ultimate parent undertaking

The company's immediate parent is Magnus Investment Holdings Ltd, incorporated in England and Wales, UK.

 The ultimate controlling party is T H Owens.