Caseware UK (AP4) 2025.0.111 2025.0.111 2025-08-31 2025-08-31 false 2024-09-01 false Top fruit farmer 28 34 true true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 4779823 2024-09-01 2025-08-31 4779823 2023-09-01 2024-08-31 4779823 2025-08-31 4779823 2024-08-31 4779823 c:CompanySecretary1 2024-09-01 2025-08-31 4779823 c:Director1 2024-09-01 2025-08-31 4779823 c:Director2 2024-09-01 2025-08-31 4779823 c:Director4 2024-09-01 2025-08-31 4779823 c:RegisteredOffice 2024-09-01 2025-08-31 4779823 d:Buildings 2024-09-01 2025-08-31 4779823 d:Buildings 2025-08-31 4779823 d:Buildings 2024-08-31 4779823 d:Buildings d:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 4779823 d:PlantMachinery 2024-09-01 2025-08-31 4779823 d:PlantMachinery 2025-08-31 4779823 d:PlantMachinery 2024-08-31 4779823 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 4779823 d:FurnitureFittings 2024-09-01 2025-08-31 4779823 d:FurnitureFittings 2025-08-31 4779823 d:FurnitureFittings 2024-08-31 4779823 d:FurnitureFittings d:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 4779823 d:OwnedOrFreeholdAssets 2024-09-01 2025-08-31 4779823 d:PatentsTrademarksLicencesConcessionsSimilar 2024-09-01 2025-08-31 4779823 d:PatentsTrademarksLicencesConcessionsSimilar 2025-08-31 4779823 d:PatentsTrademarksLicencesConcessionsSimilar 2024-08-31 4779823 d:FreeholdInvestmentProperty 2025-08-31 4779823 d:FreeholdInvestmentProperty 2024-08-31 4779823 d:CurrentFinancialInstruments 2025-08-31 4779823 d:CurrentFinancialInstruments 2024-08-31 4779823 d:Non-currentFinancialInstruments 2025-08-31 4779823 d:Non-currentFinancialInstruments 2024-08-31 4779823 d:CurrentFinancialInstruments d:WithinOneYear 2025-08-31 4779823 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 4779823 d:Non-currentFinancialInstruments d:AfterOneYear 2025-08-31 4779823 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 4779823 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2025-08-31 4779823 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 4779823 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2025-08-31 4779823 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 4779823 d:ShareCapital 2025-08-31 4779823 d:ShareCapital 2024-08-31 4779823 d:SharePremium 2024-09-01 2025-08-31 4779823 d:SharePremium 2025-08-31 4779823 d:SharePremium 2024-08-31 4779823 d:RevaluationReserve 2024-09-01 2025-08-31 4779823 d:InvestmentPropertiesRevaluationReserve 2025-08-31 4779823 d:InvestmentPropertiesRevaluationReserve 2024-08-31 4779823 d:RetainedEarningsAccumulatedLosses 2025-08-31 4779823 d:RetainedEarningsAccumulatedLosses 2024-08-31 4779823 c:FRS102 2024-09-01 2025-08-31 4779823 c:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 4779823 c:FullAccounts 2024-09-01 2025-08-31 4779823 c:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 4779823 d:HirePurchaseContracts d:WithinOneYear 2025-08-31 4779823 d:HirePurchaseContracts d:WithinOneYear 2024-08-31 4779823 d:HirePurchaseContracts d:BetweenOneFiveYears 2025-08-31 4779823 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-08-31 4779823 d:PatentsTrademarksLicencesConcessionsSimilar d:InternallyGeneratedIntangibleAssets 2024-09-01 2025-08-31 4779823 2 2024-09-01 2025-08-31 4779823 d:AcceleratedTaxDepreciationDeferredTax 2025-08-31 4779823 d:AcceleratedTaxDepreciationDeferredTax 2024-08-31 4779823 d:TaxLossesCarry-forwardsDeferredTax 2025-08-31 4779823 d:TaxLossesCarry-forwardsDeferredTax 2024-08-31 4779823 d:OtherDeferredTax 2025-08-31 4779823 d:OtherDeferredTax 2024-08-31 4779823 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2025-08-31 4779823 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-08-31 4779823 e:PoundSterling 2024-09-01 2025-08-31 iso4217:GBP xbrli:pure

Registered number: 4779823 GREAT CHEVENEY FARM LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 31 AUGUST 2025
GREAT CHEVENEY FARM LIMITED COMPANY INFORMATION
Directors | Miss C E Day
| Mrs L Day
| Miss C L Day
Company secretary | Mrs L J Day
Registered number | 4779823
Registered office | Hearts of Oak House
| Pembroke Road
| Sevenoaks
| Kent
| TN13 1XR
Accountants | Creasey Son & Wickenden
| Chartered Accountants
| Hearts of Oak House
| 4 Pembroke Road
| Sevenoaks
| Kent
| TN13 1XR
GREAT CHEVENEY FARM LIMITED CONTENTS
| Page
Balance sheet | 1 - 2
Notes to the financial statements | 3 - 15
GREAT CHEVENEY FARM LIMITED REGISTERED NUMBER: 4779823 BALANCE SHEET AS AT 31 AUGUST 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 5 |  | 4,078,010 |  | 4,357,442
Investments | 7 |  | 10,110 |  | 10,110
Investment property | 8 |  | 3,629,959 |  | 3,629,961
|  |  | 7,718,079 |  | 7,997,513
Current assets |  |  |  |  |
Stocks |  | 540,755 |  | 542,032 |
Debtors: amounts falling due within one year | 9 | 578,115 |  | 336,818 |
Cash at bank and in hand | 10 | 222,244 |  | 8,837 |
|  | 1,341,114 |  | 887,687 |
Creditors: amounts falling due within one year | 11 | (874,995) |  | (843,705) |
Net current assets |  |  | 466,119 |  | 43,982
Total assets less current liabilities |  |  | 8,184,198 |  | 8,041,495
Creditors: amounts falling due after more than one year | 12 |  | (321,712) |  | (449,694)
Provisions for liabilities |  |  |  |  |
Deferred tax | 15 | (731,448) |  | (764,365) |
|  |  | (731,448) |  | (764,365)
Net assets |  |  | 7,131,038 |  | 6,827,436
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 100 |  | 100
Share premium account | 16 |  | 943,918 |  | 943,918
Investment property reserve | 16 |  | 487,990 |  | 487,990
Profit and loss account | 16 |  | 5,699,030 |  | 5,395,428
|  |  | 7,131,038 |  | 6,827,436
The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. Page 1
GREAT CHEVENEY FARM LIMITED REGISTERED NUMBER: 4779823 BALANCE SHEET (CONTINUED) AS AT 31 AUGUST 2025 The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 February 2026.
Mrs L Day
Director
The notes on pages 3 to 15 form part of these financial statements. Page 2
GREAT CHEVENEY FARM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
1. | General information
Great Cheveney Farm Limited ("the company") is a limited liability company limited by share, domiciled and incorporated in England and Wales. The address of its registered office is Hearts of Oak House, 4 Pembroke Road, Sevenoaks, Kent, TN13 1XR. The principal place of business is Great Cheveney Farm, Marden, Tonbridge, Kent, TN12 9LX. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. These financial statements are prepared and presented in pound sterling. Values are rounded to the nearest £1. They present information for this company alone. The following principal accounting policies have been applied:
| 2.2 | Revenue
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised: Sale of goods Turnover from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of turnover can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 2.3 | Government grants
Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income. Grants of a revenue nature are recognised in the Statement of comprehensive income in the same period as the related expenditure. Page 3
GREAT CHEVENEY FARM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method.
| 2.5 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.6 | Borrowing costs
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
| 2.7 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.8 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Page 4
GREAT CHEVENEY FARM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.9 | Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
| 2.10 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount. Land is not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Freehold land and buildings | - | 4-15% straight line on buildings only
|  |  |  | Plant, machinery and orchards | - | 4-33.3% straight line
|  |  |  | Furniture, fixtures and fittings | - | 25% Straight line or 15% reducing balance
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.11 | Biological assets and agricultural produce
The company applies the cost model in relation to biological assets and agricultural produce. Biological assets including apple trees are measured at cost less impairment. At the point of harvest, agricultural produce is measured at the lower of cost and estimated selling price less costs to sell.
| 2.12 | Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss. Page 5
GREAT CHEVENEY FARM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025 2.Accounting policies (continued)
| 2.13 | Associates and joint ventures
Associates and Joint Ventures are held at cost less impairment.
| 2.14 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.15 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.16 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.17 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3. | Employees
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2025 | 2024
|  |  | No. | No.
|  | Management | 3 | 3
|  | Students | 18 | 21
|  | Farm workers | 7 | 10
|  |  | 28 | 34
Page 6
GREAT CHEVENEY FARM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
4. | Intangible assets
|  | Entitlements
|  | £
| At 1 September 2024 | 1,500
| On disposal | (1,500)
| At 31 August 2025 | -
| At 1 September 2024 | 1,500
| On disposals | (1,500)
| At 31 August 2025 | -
| Net book value |
| At 31 August 2025 | -
| At 31 August 2024 | -
Page 7
GREAT CHEVENEY FARM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
5. | Tangible fixed assets
|  | Freehold land and buildings | Plant, machinery and orchards | Furniture, fixtures and fittings | Total
|  | £ | £ | £ | £
| Cost |  |  |  |
| At 1 September 2024 | 4,009,630 | 3,740,781 | 154,661 | 7,905,072
| Additions | - | 126,716 | - | 126,716
| Disposals | - | (65,474) | - | (65,474)
| At 31 August 2025 | 4,009,630 | 3,802,023 | 154,661 | 7,966,314
| Depreciation |  |  |  |
| At 1 September 2024 | 1,652,052 | 1,775,032 | 120,546 | 3,547,630
| Charge for the year on owned assets | 138,315 | 241,138 | 5,821 | 385,274
| Disposals | - | (44,600) | - | (44,600)
| At 31 August 2025 | 1,790,367 | 1,971,570 | 126,367 | 3,888,304
| Net book value |  |  |  |
| At 31 August 2025 | 2,219,263 | 1,830,453 | 28,294 | 4,078,010
| At 31 August 2024 | 2,357,578 | 1,965,749 | 34,115 | 4,357,442
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Plant and machinery | 151,042 | 124,712
Page 8
GREAT CHEVENEY FARM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
6. | Biological assets
| Biological assets are classified in two places in the financial statements: 1) The fruit bearing trees and any associated work are recorded within tangible fixed assets under 'plant, machinery and orchards'; 2) The husbandry costs in respect of each annual crop are recorded within current assets under 'stock'.
|  | Mature trees | Immature trees | Total
|  | £ | £ | £
| Biological assets within fixed assets | 1,236,994 | 61,191 | 1,298,185
| Biological assets within current assets | 513,496 | - | 513,496
| Biological assets as at 31 August 2024 | 1,750,490 | 61,191 | 1,811,681
| Reclassification of trees | - | - | -
| Growing costs | 2,450,458 | 57,222 | 2,507,680
| Agricultural produce transferred to stock | (2,570,710) | - | (2,570,710)
| Depreciation | (105,924) | - | (105,924)
| Biological assets as at 31 August 2025 | 1,524,314 | 118,413 | 1,642,727
| Represented by: |  |  |
| Biological assets within fixed assets | 1,106,932 | 118,413 | 1,225,346
| Biological assets within current assets | 417,381 | - | 417,381
|  | 1,524,313 | 118,413 | 1,642,727
7. | Fixed asset investments
|  | Investments in associates | Loans to associates | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 September 2024 | 60 | 10,050 | 10,110
| At 31 August 2025 | 60 | 10,050 | 10,110
Page 9
GREAT CHEVENEY FARM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
8. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 September 2024 | 3,629,959
| At 31 August 2025 | 3,629,959
The 2025 valuations were made by the directors, on an open market value basis.
| If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Historic cost | 2,014,525 | 2,014,525
9. | Debtors
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade debtors | 14,378 | 17,184
| Amounts owed by group undertakings | 39,650 | 139,703
| Amounts owed by joint ventures and associated undertakings | 350,000 | -
| Other debtors | 28,562 | 24,494
| Prepayments and accrued income | 145,525 | 155,437
|  | 578,115 | 336,818
10. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 222,244 | 8,837
| Less: bank overdrafts | - | (220,387)
|  | 222,244 | (211,550)
Page 10
GREAT CHEVENEY FARM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
11. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank overdrafts | - | 220,387
| Bank loans | 80,004 | 77,685
| Other loans | - | 64,591
| Trade creditors | 68,203 | 217,870
| Corporation tax | 150,303 | 115,350
| Other taxation and social security | 15,062 | 15,091
| Obligations under finance lease and hire purchase contracts | 47,579 | 43,203
| Other creditors | 2,650 | 4,680
| Accruals and deferred income | 511,194 | 84,848
|  | 874,995 | 843,705
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 80,004 | 77,685
| Other loans | - | 64,591
| Obligations under finance lease and hire purchase contracts | 47,579 | 43,203
|  | 127,583 | 185,479
| Details of security provided:
The bank loans and other loans are secured by way of a fixed and floating charge over all assets of the company. The obligations under finance lease and hire purchase contracts are secured on the assets to which they relate to. Page 11
GREAT CHEVENEY FARM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
12. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 142,673 | 221,028
| Other loans | - | 3,305
| Net obligations under finance leases and hire purchase contracts | 13,923 | 41,253
| Accruals and deferred income | 165,116 | 184,108
|  | 321,712 | 449,694
| The following liabilities were secured:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Bank loans | 142,673 | 221,028
| Other loans | - | 3,305
| Obligations under finance leases and hire purchase contracts | 13,923 | 41,253
|  | 156,596 | 265,586
| Details of security provided:
The bank loans and other loans are secured by way of a fixed and floating charge over all assets of the company. The obligations under finance lease and hire purchase contracts are secured on the assets to which they relate to. Page 12
GREAT CHEVENEY FARM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
13. | Loans
| Analysis of the maturity of loans is given below:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Amounts falling due within one year |  |
| Bank loans | 80,004 | 77,685
| Other loans | - | 64,591
|  | 80,004 | 142,276
| Amounts falling due 1-2 years |  |
| Bank loans | 84,226 | 84,226
| Other loans | - | 3,305
|  | 84,226 | 87,531
| Amounts falling due 2-5 years |  |
| Bank loans | 58,446 | 136,802
|  | 58,446 | 136,802
|  | 222,676 | 366,609
14. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Within one year | 47,579 | 43,203
| Between 1-5 years | 13,923 | 41,253
|  | 61,502 | 84,456
Page 13
GREAT CHEVENEY FARM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
15. | Deferred taxation
|  | 2025
|  | £
| At beginning of year | (764,365)
| Charged to profit or loss | 32,917
| At end of year | (731,448)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (352,907) | (385,823)
| Tax losses carried forward | 25,316 | 25,316
| Unrealised revaluations | (403,858) | (403,858)
|  | (731,449) | (764,365)
16. | Reserves
Share premium account This reserve records the amount above the nominal value received for shares issued at a premium to their nominal value, less transaction costs. Revaluation reserve This reserve represents the revaluation movement before the adoption of FRS 102.
17. | Contingent liabilities
The directors have signed a Guarantee in favour for HSBC UK Bank PLC on the debts of Prime Produce Limited, a company in which this company has a 50% interest, up to a maximum of £650,000. Page 14
GREAT CHEVENEY FARM LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025
18. | Related party transactions
| At the current and previous year end, the company had related party balances of:
|  | Amounts owed from related parties | Amounts owed to related parties
|  | £ | £
| Entities with significant control over entity |  |
| 2025 | 1,124 | -
| 2024 | 1,124 | -
| Entities over which the entity has significant control |  |
| 2025 | 398,576 | -
| 2024 | 148,630 | -
| At the year end a director owed the company £9,999 which is interest free and due on demand.
19. | Controlling party
The company is controlled by its parent company, Brian H Day Limited. The registered office of the parent company is Hearts of Oak House, 4 Pembroke Road, Sevenoaks, Kent, TN13 1XR. Copies of the parent company's accounts can be obtained from Companies House, Crown Way, Maindy, Cardiff, CF4 3UZ.
Page 15