Deere (Investments) Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00642926

Deere (Investments) Limited

Filleted Unaudited Financial Statements

For the year ended

30 March 2025

Deere (Investments) Limited

Financial Statements

Year ended 30 March 2025

Contents	Page

Officers and professional advisers	1

Accountant's report to the bpard of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Deere (Investments) Limited

Officers and Professional Advisers

The board of directors	Miss K R T Deere
	Mr D B T Deere
	Mr C P Baldwin

Company secretary	Miss K R T Deere

Registered office	44 John Street
	Porthcawl
	Glamorgan
	CF36 3BB

Accountants	Clay Shaw Thomas Ltd

	2 Oldfield Road
	Bocam Park
	Bridgend
	CF35 5LJ

Bankers	Handelsbanken Plc
	18 Park Place
	Cardiff
	CF103DQ

Deere (Investments) Limited

Accountant's Report to the Bpard of Directors on the Preparation of the Unaudited Statutory Financial Statements

Year ended 30 March 2025

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 March 2025, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

Clay Shaw Thomas Ltd

2 Oldfield Road Bocam Park Bridgend CF35 5LJ

24 December 2025

Deere (Investments) Limited

Statement of Financial Position

30 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		4,639,636	4,634,051

Current assets

Debtors	6	516,711	443,492
Cash at bank and in hand		19,207	149,253
		---------	---------
		535,918	592,745

Creditors: amounts falling due within one year	7	161,963		118,018
		---------		---------
Net current assets			373,955	474,727
			------------	------------
Total assets less current liabilities			5,013,591	5,108,778

Creditors: amounts falling due after more than one year	8		2,255,271	2,283,705

Provisions	3,013	224
	------------	------------
Net assets	2,755,307	2,824,849
	------------	------------

Capital and reserves

Called up share capital	1,500	1,500
Revaluation reserve	2,604,598	2,604,598
Capital redemption reserve	22,200	22,200
Profit and loss account	127,009	196,551
	------------	------------
Shareholders funds	2,755,307	2,824,849
	------------	------------

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 30 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 .

Deere (Investments) Limited

Statement of Financial Position (continued)

30 March 2025

These financial statements were approved by the board of directors and authorised for issue on 24 December 2025 , and are signed on behalf of the board by:

Mr D B T Deere

Director

Company registration number: 00642926

Deere (Investments) Limited

Notes to the Financial Statements

Year ended 30 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 44 John Street, Porthcawl, Glamorgan, CF36 3BB.

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 have assessed whether there are any material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. In assessing whether the going concern assumption is appropriate, the directors have taken in to account all available information about the future.

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 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.

Taxation

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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 reporting date that are expected to apply to the reversal of the timing difference.

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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Investment property Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

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% straight line
Fixtures and fittings	-	20% straight line
Motor vehicles	-	20% straight line

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Investment property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 31 March 2024	4,633,156	14,515	12,133	–	4,659,804
Additions	–	–	–	13,741	13,741
Disposals	( 5,573)	–	–	–	( 5,573)
	------------	--------	--------	--------	------------
At 30 March 2025	4,627,583	14,515	12,133	13,741	4,667,972
	------------	--------	--------	--------	------------
Depreciation
At 31 March 2024	–	14,176	11,577	–	25,753
Charge for the year	–	52	470	2,061	2,583
	------------	--------	--------	--------	------------
At 30 March 2025	–	14,228	12,047	2,061	28,336
	------------	--------	--------	--------	------------
Carrying amount
At 30 March 2025	4,627,583	287	86	11,680	4,639,636
	------------	--------	--------	--------	------------
At 30 March 2024	4,633,156	339	556	–	4,634,051
	------------	--------	--------	--------	------------

Included within the net book value of investment property above is £4,366,389 (2021: £4,456,389) in respect of freehold land and buildings. A detailed revaluation of all properties was undertaken in December 2018 by Alder King, Chartered Surveyors.

6. Debtors

	2025	2024
	£	£
Trade debtors	18,070	24,772
Amounts owed by group undertakings and undertakings in which the company has a participating interest	473,694	390,820
Other debtors	24,947	27,900
	---------	---------
	516,711	443,492
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	28,434	28,434
Trade creditors	3,552	12,159
Social security and other taxes	6,626	15,083
Other creditors	123,351	62,342
	---------	---------
	161,963	118,018
	---------	---------

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

	2025	2024
	£	£
Bank loans and overdrafts	2,255,271	2,283,705
	------------	------------

Included within creditors: amounts falling due after more than one year is an amount of £1,965,532 (2024: £2,283,705) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

9. Operating leases

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

	2025	2024
	£	£
Not later than 1 year	3,555	8,030
Later than 1 year and not later than 5 years	1,481	5,036
	-------	--------
	5,036	13,066
	-------	--------

10. Related party transactions

During the year the company made loans of £63,572 (2024: £102,571) to Deere and Son Limited, a company under common control. At the year end a balance of £473,657 (2024: £410,085) was owed to the company by Deere and Son Limited. At the year end, a balance of £37 (2024:£37) was owed from 55 Esplanade Avenue Management Company Limited, a company under common control. The loans are interest free and carry no fixed terms of repayment.