Robert Browne's Farms (Tusmore) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01349259 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

ROBERT BROWNE'S FARMS (TUSMORE) LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

5,029,705

5,232,820

Investment property

5

700,000

5,729,705

5,932,820

CURRENT ASSETS

Stocks

217,242

259,632

Debtors

6

102,224

69,812

Cash at bank

611,236

198,996

930,702

528,440

CREDITORS

Amounts falling due within one year

7

1,317,960

1,255,447

NET CURRENT LIABILITIES

(387,258

)

(727,007

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,342,447

5,205,813

PROVISIONS FOR LIABILITIES

235,836

285,699

NET ASSETS

5,106,611

4,920,114

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

5,106,511

4,920,014

5,106,611

4,920,114

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 8 January 2026 and were signed on its behalf by:

R T A Browne - Director

1.	STATUTORY INFORMATION

Robert Browne's Farms (Tusmore) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

01349259

Registered office:

Roundhill Farm

Tusmore

Bicester

Oxfordshire

OX27 7SJ

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.

Plant and machinery

-

17.5% on reducing balance

Grain store

-

2% on cost

Motor vehicles

-

25% on reducing balance

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

Taxation for the year 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Freehold

Property

Plant and

property

improvements

machinery

£

COST

At 1 July 2024

4,076,312

202,455

1,983,010

Additions

-

Disposals

-

(209,336

)

At 30 June 2025

4,076,312

202,455

1,773,674

DEPRECIATION

At 1 July 2024

-

37,634

1,145,364

Charge for year

-

12,210

134,527

Eliminated on disposal

-

(140,436

)

At 30 June 2025

-

49,844

1,139,455

NET BOOK VALUE

At 30 June 2025

4,076,312

152,611

634,219

At 30 June 2024

4,076,312

164,821

837,646

Grain

Motor

Office

store

vehicles

equipment

Totals

£

COST

At 1 July 2024

365,245

106,270

2,183

6,735,475

Additions

-

58,360

-

58,360

Disposals

-

(43,000

)

-

(252,336

)

At 30 June 2025

365,245

121,630

2,183

6,541,499

DEPRECIATION

At 1 July 2024

252,561

64,913

2,183

1,502,655

Charge for year

7,304

20,394

-

174,435

Eliminated on disposal

-

(24,860

)

-

(165,296

)

At 30 June 2025

259,865

60,447

2,183

1,511,794

NET BOOK VALUE

At 30 June 2025

105,380

61,183

-

5,029,705

At 30 June 2024

112,684

41,357

-

5,232,820

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2024

and 30 June 2025

700,000

NET BOOK VALUE

At 30 June 2025

700,000

At 30 June 2024

700,000

Fair value at 30 June 2025 is represented by:

£

Valuation in 2022

700,000

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

30.6.25

30.6.24

£

Cost

602,390

Investment property was valued on an open market basis on 30 June 2022 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Trade debtors

84,129

56,729

Other debtors

18,095

13,083

102,224

69,812

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.25

30.6.24

£

Trade creditors

47,686

65,187

Taxation and social security

118,437

56,150

Other creditors

1,151,837

1,134,110

1,317,960

1,255,447

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2025 and 30 June 2024:

30.6.25

30.6.24

£

R T A Browne

Balance outstanding at start of year

2,153

5,152

Amounts advanced

551

2,153

Amounts repaid

(2,153

)

(5,152

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

551

2,153

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Trustees of the R T A Browne Sub-Trust.

The ultimate controlling party is the Trustees of the R T A Browne Sub-Trust.