Beevor Farms Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06082948

Beevor Farms Limited

Unaudited financial statements

31 March 2025

Beevor Farms Limited

Statement of financial position

31 March 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	7	1,929,536	1,814,663
Investments	8	115,938	112,556
		-----------	-----------
		2,045,474	1,927,219

Current assets

Stocks		191,277	125,265
Debtors	9	857,403	994,700
Cash at bank and in hand		1,054,973	1,028,034
		-----------	-----------
		2,103,653	2,147,999

Creditors: Amounts falling due within one year	10	( 520,275)		( 543,188)
		-----------		-----------
Net current assets			1,583,378		1,604,811
			-----------		-----------
Total assets less current liabilities			3,628,852		3,532,030

Creditors: Amounts falling due after more than one year	11		–		( 70,846)

Provisions

Taxation including deferred tax	( 292,884)	( 263,773)
	-----------	-----------
Net assets	3,335,968	3,197,411
	-----------	-----------

Capital and reserves

Called up share capital	12	100	100
Revaluation reserve		10,989	10,989
Profit and loss account		3,324,879	3,186,322
		-----------	-----------
Shareholders funds		3,335,968	3,197,411
		-----------	-----------

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 income statement has not been delivered.

For the 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.

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 .

Beevor Farms Limited

Statement of financial position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 22 December 2025 , and are signed on behalf of the board by:

Mr R A Beevor

Director

Company registration number: 06082948

Beevor Farms Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Field View, Church Farm, Bradwell, Great Yarmouth, Norfolk, NR31 9DU.

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.

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.

Deferred tax

Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	10% straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Renewables technologies	-	4% straight line
Plant and equipment	-	10% reducing balance
Combines and harvesters	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Irrigation systems	-	10% reducing balance

Investments

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

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Stocks

Commodity stocks and cultivations are valued at the lower of cost and net realisable value by the directors, after making due allowance for obsolete and slow moving items. The valuation of crops in store and cultivations includes an element of depreciation.

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.

4. Employee numbers

The average number of employees during the year was 5 (2024: 5 ).

5. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	65,507	155,919

Deferred tax:

Origination and reversal of timing differences	29,111	( 26,476)
	-------	---------
Tax on profit	94,618	129,443
	-------	---------

6. Intangible assets

	Goodwill
	£
Cost
At 1 April 2024 and 31 March 2025	177,200
	---------
Amortisation
At 1 April 2024 and 31 March 2025	177,200
	---------
Carrying amount
At 31 March 2025	–
	---------
At 31 March 2024	–
	---------

7. Tangible assets

	Land and buildings	Plant and machinery	Tractors, combines and irrigation	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 April 2024	911,761	619,536	1,026,903	190,607	2,748,807
Additions	59,722	17,274	34,000	255,051	366,047
Disposals	–	–	( 37,563)	( 76,050)	( 113,613)
	---------	---------	-----------	---------	-----------
At 31 March 2025	971,483	636,810	1,023,340	369,608	3,001,241
	---------	---------	-----------	---------	-----------
Depreciation
At 1 April 2024	55,863	300,523	436,857	140,901	934,144
Charge for the year	5,853	30,519	146,801	40,176	223,349
Disposals	–	–	( 35,977)	( 49,811)	( 85,788)
	---------	---------	-----------	---------	-----------
At 31 March 2025	61,716	331,042	547,681	131,266	1,071,705
	---------	---------	-----------	---------	-----------
Carrying amount
At 31 March 2025	909,767	305,768	475,659	238,342	1,929,536
	---------	---------	-----------	---------	-----------
At 31 March 2024	855,898	319,013	590,046	49,706	1,814,663
	---------	---------	-----------	---------	-----------

8. Investments

	Other investments other than loans
	£
Cost
At 1 April 2024	112,556
Additions	1,354
Revaluations	2,028
	---------
At 31 March 2025	115,938
	---------
Impairment
At 1 April 2024 and 31 March 2025	–
	---------

Carrying amount
At 31 March 2025	115,938
	---------
At 31 March 2024	112,556
	---------

9. Debtors

	2025	2024
	£	£
Trade debtors	458,886	467,558
Other debtors	398,517	527,142
	---------	---------
	857,403	994,700
	---------	---------

10. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	261,513	254,818
Social security and other taxes	66,038	185,182
Other creditors	192,724	103,188
	---------	---------
	520,275	543,188
	---------	---------

Included in creditors falling due within one year are hire purchase agreements of £70,846 (2024 - £70,846) secured by the company.

11. Creditors: Amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	–	70,846
	----	-------

Included in creditors falling due after one year are hire purchase agreements of £nil (2024 - £70,846) secured by the company.

12. Called up share capital

Authorised share capital

	2025		2024
	No.	£	No.	£
Ordinary A shares shares of £ 1 each	20,000	20,000	20,000	20,000
Ordinary B shares shares of £ 1 each	20,000	20,000	20,000	20,000
Ordinary C shares shares of £ 1 each	20,000	20,000	20,000	20,000
Ordinary D shares shares of £ 1 each	20,000	20,000	20,000	20,000
Ordinary E shares shares of £ 1 each	20,000	20,000	20,000	20,000
	---------	---------	---------	---------
	100,000	100,000	100,000	100,000
	---------	---------	---------	---------

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary A shares shares of £ 1 each	80	80	80	80
Ordinary B shares shares of £ 1 each	10	10	10	10
Ordinary C shares shares of £ 1 each	5	5	5	5
Ordinary D shares shares of £ 1 each	5	5	5	5
	----	----	----	----
	100	100	100	100
	----	----	----	----

13. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Later than 5 years	35,259	31,356
	-------	-------

14. Directors' advances, credits and guarantees

At the balance sheet date, there was an amount due to the company from Mr R A Beevor of £ 412,618 (2024: £ 376,663 ). The maximum amount outstanding from Mr R A Beevor during the year was £412,618. Interest has been charged at normal commercial rates.