REGISTERED NUMBER: 13600121 (England and Wales)

REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 1 OCTOBER 2024 TO 31 MARCH 2025

FOR

BLACKMEAD FORESTRY II LIMITED

Page

Company Information

1

Report of the Directors

2

Income Statement

3

Balance Sheet

4

Notes to the Financial Statements

5

Directors:

J Elsworth

R O G Guest

R J Kelly

Secretary:

Registered office:

C/o Foresight Group Llp

32 London Bridge Street

London

SE1 9SG

Registered number:

13600121 (England and Wales)

The directors present their report with the financial statements of the company for the period 1 October 2024 to 31 March 2025.

Directors

The directors shown below have held office during the whole of the period from 1 October 2024 to the date of this report.

J Elsworth

R O G Guest

R J Kelly

Going Concern

The Directors have a reasonable expectation that the company has adequate resources to be in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the annual report and accounts.

Small company exemption

In preparing this report, the Directors have taken advantage of the small companies exemptions provided by Section 414B of the Companies Act 2006 not to provide a Strategic Report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

On behalf of the board:

R J Kelly - Director

23 December 2025

Turnover

9,337

338,945

Cost of sales

(172,144

)

(177,943

)

Gross (loss)/profit

(162,807

)

161,002

Administrative expenses

(32,594

)

(48,734

)

(195,401

)

112,268

Gain/loss on revaluation of tangible assets

5,211,110

-

Operating profit

4

5,015,709

112,268

Gain/loss on revaluation of tangible assets

-

488,670

5,015,709

600,938

Interest payable and similar expenses

(148,655

)

(222,723

)

Profit before taxation

4,867,054

378,215

Tax on profit

5

(3,513

)

(3,972

)

Profit for the financial period

4,863,541

374,243

Fixed assets

Tangible assets

6

31,128,990

19,180,806

Current assets

Debtors

7

426,646

340,025

Prepayments and accrued income

24,511

24,511

Cash at bank

327,854

26,593

779,011

391,129

Creditors

Amounts falling due within one year

8

(7,596,142

)

(3,699,919

)

Net current liabilities

(6,817,131

)

(3,308,790

)

Total assets less current liabilities

24,311,859

15,872,016

Capital and reserves

Called up share capital

17,704,826

14,128,524

Retained earnings

6,607,033

1,743,492

24,311,859

15,872,016

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

The members have not required the company to obtain an audit of its financial statements for the period 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

H J Hansen - Director

1.	Statutory information

Blackmead Forestry II 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.

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.

Going Concern

The Directors have a reasonable expectation that the company has adequate resources to be in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the annual report and accounts.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Tangible fixed assets are initially measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised as to write off the cost over their useful lives on the following basis:

Land, woodland and buildings - Not depreciated

Legal fees - 2.5% straight line

Land, woodland and buildings are not depreciated but reviewed by the directors at each balance sheet date and any adjustment is recognised in the profit and loss.

Taxation

Taxation for the period 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.

3.	Employees and directors

The average number of employees during the period was NIL (2024 - NIL).

4.	Operating profit

The operating profit is stated after charging:

Period

1.10.24

to

Year Ended

31.3.25

30.9.24

£

£

Depreciation - owned assets

13,005

22,796

5.

Taxation

Analysis of the tax charge

The tax charge on the profit for the period was as follows:

Period

1.10.24

to

Year Ended

31.3.25

30.9.24

£

£

Current tax:

UK corporation tax

3,513

3,972

Tax on profit

3,513

3,972

Reconciliation of total tax charge included in profit and loss

The tax assessed for the period is lower than the standard rate of corporation tax in the UK. The difference is explained below:

Period

1.10.24

to

Year Ended

31.3.25

30.9.24

£

£

Profit before tax

4,867,054

378,215

Profit multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

1,216,764

94,554

Effects of:

Expenses not deductible for tax purposes

(1,214,448

)

112,350

Income not taxable for tax purposes

1,197

(202,932

)

Total tax charge

3,513

3,972

6.	Tangible fixed assets

Land

Woodland

Buildings

Acquisition Costs

Total

Cost

£

£

£

£

£

As at 30/09/2024

10,831,244

6,698,094

805,000

911,830

19,246,168

Additions

6,218,192

518,718

--

325,030

7,088,940

Disposal

-

-

(850,000

)

-

-(850,000

)

Revaluation

3,437,794

2,184,456

100,000

-

5,722,,250

20,487,230

9,401,268

55,000

1,263,860

31,207,,58

Depreciation

As at 30/09/2024

-

-

-

(65,362

)

(65,362

)

Charge for the period

-

-

-

(13,006

)

(13,006

)

-

-

-

(78,368

)

(78,368

)

Net Book Value

At 31 March 2025

20,487,230

9,401,268

55,000

1,185,492

31,128,990

Cost or valuation at 31 March 2025 is represented by:

Land and

buildings

£

Valuation in 2022

1,701,655

Valuation in 2023

(612,159

)

Valuation in 2024

488,670

Valuation in 2025

5,722,250

Cost

24,756,942

32,057,358

**	TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF

FREEHOLD PROPERTY

'COST' ACCOUNT TOTAL

Cost/valuation b/f

19,246,168

Additions

6,750,079

Revaluations

5,211,110

31,207,357

CLIENT SCREEN TOTAL

=

32,057,358

7.

Debtors: amounts falling due within one year

31.3.25

30.9.24

£

£

Trade debtors

175,738

280,738

Other debtors

250,908

59,287

426,646

340,025

8.

Creditors: amounts falling due within one year

31.3.25

30.9.24

£

£

Trade creditors

47,622

-

Amounts owed to group undertakings

6,981,996

3,405,694

Taxation and social security

7,485

3,972

Other creditors

559,039

290,253

7,596,142

3,699,919

9.	Ultimate controlling party

The company is a wholly owned subsidiary of FSFC Holdings 2 Limited

Foresight Natural Capital Limited is the ultimate controlling party of the company