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REGISTERED NUMBER: 00384922 (England and Wales)

| BURROUGH COURT ESTATE LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 SEPTEMBER 2025 |

BURROUGH COURT ESTATE LIMITED (REGISTERED NUMBER: 00384922)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| Page |

Company Information | 1 |

Statement of Financial Position | 2 |  | to |  | 3

Notes to the Financial Statements | 4 |  | to |  | 8

BURROUGH COURT ESTATE LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 SEPTEMBER 2025

| DIRECTORS: | Mrs D E Wilson

| R I Wilson

| Miss R A Wilson

| T R K Wilson

| SECRETARY: | Mrs D E Wilson

| REGISTERED OFFICE: | 14 All Saints Street

| Stamford

| Lincolnshire

| PE9 2PA

| REGISTERED NUMBER: | 00384922 (England and Wales)

| ACCOUNTANTS: | Duncan & Toplis Limited

| 14 All Saints Street

| Stamford

| Lincolnshire

| PE9 2PA

BURROUGH COURT ESTATE LIMITED (REGISTERED NUMBER: 00384922)

STATEMENT OF FINANCIAL POSITION

30 SEPTEMBER 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | 2,292 |  | 4,823 |  |

Tangible assets | 5 | 9,410,619 |  | 9,677,685 |  |

Investment property | 6 | 7,064,215 |  | 7,100,000 |  |

16,477,126 |  | 16,782,508 |  |

CURRENT ASSETS

Stocks | 2,500 |  | 83,085 |  |

Debtors | 7 | 1,192,347 |  | 1,246,279 |  |

Cash at bank | 81,276 |  | 90,462 |  |

1,276,123 |  | 1,419,826 |  |

CREDITORS

Amounts falling due within one year | 8 | 538,616 |  | 1,139,628 |  |

NET CURRENT ASSETS | 737,507 |  | 280,198 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 17,214,633 |  | 17,062,706 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (1,837,415 | ) | (1,642,135 | ) |

PROVISIONS FOR LIABILITIES | (1,706,740 | ) | (1,826,118 | ) |

NET ASSETS | 13,670,478 |  | 13,594,453 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 8,972 |  | 8,972 |  |

Share premium | 556,080 |  | 556,080 |  |

Revaluation reserve | 12 | 6,150,238 |  | 6,292,150 |  |

Other reserves | 3,658,805 |  | 3,791,933 |  |

Retained earnings | 3,296,383 |  | 2,945,318 |  |

SHAREHOLDERS' FUNDS | 13,670,478 |  | 13,594,453 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

BURROUGH COURT ESTATE LIMITED (REGISTERED NUMBER: 00384922)

STATEMENT OF FINANCIAL POSITION - continued

30 SEPTEMBER 2025

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 Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 4 February 2026 and were signed on its behalf by:

Mrs D E Wilson - Director

BURROUGH COURT ESTATE LIMITED (REGISTERED NUMBER: 00384922)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. | STATUTORY INFORMATION

| Burrough Court Estate 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of produce, rents receivable and the basic farm payment, all excluding value added tax.

| Sales of produce are recognised upon despatch of goods. Rents receivable are recognised in the period to which they relate. The basic farm payment is recognised in the financial statements in accordance with current H M Revenue & Customs guidance.

| Intangible assets

| Intangible assets consist of website cost development. The asset is recognised at fair value and written off on a 33% straight line basis.

| Tangible fixed assets

| No depreciation has been provided for freehold buildings. It is the company's policy to maintain its properties in a continual state of sound repair. In the case of freehold buildings, the directors consider that the lives of these buildings and their residual value are such that their depreciation is not significant.

| The directors have adopted a revaluation policy for freehold property as set out in note 6.

| Depreciation rates on fixtures and fittings vary from 10% to 33% on a straight line or reducing balance basis depending on the useful economic life of the asset.

| Motor Vehicles are depreciated on a 25% reducing balance basis.

| 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

| The stock valuation has been prepared by Fisher German, Chartered Surveyors, and is stated at the lower of cost and fair value less costs to complete and sell after making due allowance for obsolete and slow moving items. In respect of crops in store, deemed cost has been used for valuation purposes.

BURROUGH COURT ESTATE LIMITED (REGISTERED NUMBER: 00384922)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. | ACCOUNTING POLICIES - continued

| Financial instruments

| The company has chosen to adopt the FRS102 1A in respect of financial instruments.

| Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

| At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

| Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

| 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 payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 for the directors. It also operates a group money purchase pension scheme for employees. The assets of these schemes are held separately from those of the company in independently administered funds. Contributions payable for the period are charged to the profit and loss account.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 10 (2024 - 14 ) .

BURROUGH COURT ESTATE LIMITED (REGISTERED NUMBER: 00384922)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

4. | INTANGIBLE FIXED ASSETS

| Entitlements |  | Website |  | Totals

£ | £ | £ |

| COST

| At 1 October 2024 | 72,381 |  | 7,865 |  | 80,246 |  |

| Disposals | (72,381 | ) | - |  | (72,381 | ) |

| At 30 September 2025 | - |  | 7,865 |  | 7,865 |  |

| AMORTISATION

| At 1 October 2024 | 72,381 |  | 3,042 |  | 75,423 |  |

| Amortisation for year | - |  | 2,531 |  | 2,531 |  |

| Eliminated on disposal | (72,381 | ) | - |  | (72,381 | ) |

| At 30 September 2025 | - |  | 5,573 |  | 5,573 |  |

| NET BOOK VALUE

| At 30 September 2025 | - |  | 2,292 |  | 2,292 |  |

| At 30 September 2024 | - |  | 4,823 |  | 4,823 |  |

5. | TANGIBLE FIXED ASSETS

| Fixtures |

| Freehold |  | and |  | Motor |

| property |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| COST OR VALUATION

| At 1 October 2024 | 9,500,000 |  | 628,247 |  | 23,700 |  | 10,151,947 |  |

| Additions | - |  | 12,611 |  | - |  | 12,611 |  |

| Disposals | (234,144 | ) | - |  | - |  | (234,144 | ) |

| At 30 September 2025 | 9,265,856 |  | 640,858 |  | 23,700 |  | 9,930,414 |  |

| DEPRECIATION

| At 1 October 2024 | - |  | 467,003 |  | 7,259 |  | 474,262 |  |

| Charge for year | - |  | 41,422 |  | 4,111 |  | 45,533 |  |

| At 30 September 2025 | - |  | 508,425 |  | 11,370 |  | 519,795 |  |

| NET BOOK VALUE

| At 30 September 2025 | 9,265,856 |  | 132,433 |  | 12,330 |  | 9,410,619 |  |

| At 30 September 2024 | 9,500,000 |  | 161,244 |  | 16,441 |  | 9,677,685 |  |

| Cost or valuation at 30 September 2025 is represented by:

| Fixtures |

| Freehold |  | and |  | Motor |

| property |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ |

| Valuation in 2025 | 9,265,856 |  | - |  | - |  | 9,265,856 |  |

| Cost | - |  | 640,858 |  | 23,700 |  | 664,558 |  |

9,265,856 |  | 640,858 |  | 23,700 |  | 9,930,414 |  |

BURROUGH COURT ESTATE LIMITED (REGISTERED NUMBER: 00384922)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

5. | TANGIBLE FIXED ASSETS - continued

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

2025 | 2024 |

£ | £ |

| Cost | 2,183,802 |  | 2,229,395 |  |

| Freehold property was valued on an open market basis on 30 September 2025 by the directors .

6. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 October 2024 | 7,100,000 |  |

| Additions | 264,215 |  |

| Disposals | (300,000 | ) |

| At 30 September 2025 | 7,064,215 |  |

| NET BOOK VALUE

| At 30 September 2025 | 7,064,215 |  |

| At 30 September 2024 | 7,100,000 |  |

| Fair value at 30 September 2025 is represented by:

£ |

| Valuation in 2025 | 7,064,215 |  |

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

2025 | 2024 |

£ | £ |

| Cost | 2,485,586 |  | 2,570,586 |  |

| Investment property was valued on an open market basis on 30 September 2025 by the directors .

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 28,745 |  | 193,574 |  |

| Other debtors | 1,163,602 |  | 1,052,705 |  |

1,192,347 |  | 1,246,279 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 161,130 |  | 829,624 |  |

| Trade creditors | 67,729 |  | 67,824 |  |

| Taxation and social security | 39,469 |  | 17,672 |  |

| Other creditors | 270,288 |  | 224,508 |  |

538,616 |  | 1,139,628 |  |

BURROUGH COURT ESTATE LIMITED (REGISTERED NUMBER: 00384922)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 SEPTEMBER 2025

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 1,637,415 |  | 1,442,135 |  |

| Other creditors | 200,000 |  | 200,000 |  |

1,837,415 |  | 1,642,135 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loan > 5 years | 1,233,083 |  | 1,134,192 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

2025 | 2024 |

£ | £ |

| Bank overdrafts | 65,464 |  | 756,623 |  |

| Bank loans | 1,733,081 |  | 1,515,136 |  |

1,798,545 |  | 2,271,759 |  |

| Bank loans and overdrafts are secured by fixed and floating charges over the company's assets.

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 8,972 | Ordinary | £1 | 8,972 |  | 8,972 |  |

12. | RESERVES

|  | Revaluation |  |  | Other |  |

|  | reserve |  |  | reserves |  |

|  | £ |  |  | £ |  |

| At 1 October 2024 |  | 6,292,150 |  |  | 3,791,933 |  |

| Transfer |  | (141,912 | ) |  | (133,128 | ) |

| At 30 September 2025 |  | 6,150,238 |  |  | 3,658,805 |  |

| The aggregate surplus on re-measurement of freehold properties and investment properties net of associated deferred tax is transferred to a separate non-distributable revaluation reserve and other reserves respectively in order to assist with the identification of profits available for distribution.