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Registered number: 00771568
Lower Farm (Bednall) Limited
Unaudited Financial Statements
For The Year Ended 31 August 2025
Lower Farm (Bednall) Limited
Contents
Contents

| Page
--- | ---
Balance Sheet | 1—2
Notes to the Financial Statements | 3—5

Page 1
Lower Farm (Bednall) Limited
Balance Sheet
As At 31 August 2025
Balance Sheet
Registered number: 00771568

| 2025 | 2024
--- | --- | ---
| Notes | £ | £ | £ | £
FIXED ASSETS
Tangible Assets | 4 |  | 111,523 |  | 130,578
Investments | 5 |  | 14,960 |  | 10,187
|  |  | 126,483 |  | 140,765
CURRENT ASSETS
Stocks | 6 | 43,065 |  | 32,219 |
Debtors | 7 | 140,995 |  | 105,833 |
Cash at bank and in hand |  | 683,356 |  | 495,368 |
|  | 867,416 |  | 633,420 |
Creditors: Amounts Falling Due Within One Year | 8 | (140,589 ) |  | (135,023 ) |
NET CURRENT ASSETS (LIABILITIES) |  |  | 726,827 |  | 498,397
TOTAL ASSETS LESS CURRENT LIABILITIES |  |  | 853,310 |  | 639,162
PROVISIONS FOR LIABILITIES
Deferred Taxation |  |  | (45,887 ) |  | (48,071 )
NET ASSETS |  |  | 807,423 |  | 591,091
CAPITAL AND RESERVES
Called up share capital | 9 |  | 800 |  | 750
Share premium account |  |  | 6,950 |  | -
Capital redemption reserve |  |  | 750 |  | 750
Fair value reserve |  |  | 14,960 |  | 10,187
Profit and Loss Account |  |  | 783,963 |  | 579,404
SHAREHOLDERS' FUNDS |  |  | 807,423 |  | 591,091

Page 1
Page 2
Lower Farm (Bednall) Limited
Balance Sheet (continued)
As At 31 August 2025
For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board

Mr T R Rees Director
24 March 2026

The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Lower Farm (Bednall) Limited
Notes to the Financial Statements
For The Year Ended 31 August 2025
Notes to the Financial Statements
1. General Information
Lower Farm (Bednall) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 00771568 . The registered office is The Cottage School Lane, Bednall, Stafford, Staffordshire, ST17 0SD.
2. Accounting Policies
2.1. Basis of Preparation of 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.
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer, the amount of turnover can be measured reliably, it is possible that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on point of sale.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less accumulated depreciation. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.

Freehold | 10% on cost / 15% reducing balance
Plant & Machinery | 15% reducing balance
Motor Vehicles | 20% on reducing balance
Property improvements | 5% on straight line

2.4. Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measure reliably.
2.5. Stocks and Work in Progress
Stock and work in progress is valued in accordance with usual agricultural practices, and is stated at the lower of cost and estimated selling price less costs to sell.
2.6. 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 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.
Page 3
Page 4
Lower Farm (Bednall) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
2.7. Pensions
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.8. Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 4)
4 4
4. Tangible Assets

| Land & Property
--- | ---
| Freehold | Plant & Machinery | Motor Vehicles | Property improvements | Total
| £ | £ | £ | £ | £
Cost
As at 1 September 2024 | 629,836 | 675,497 | 46,200 | 14,492 | 1,366,025
Additions | - | 1,620 | - | - | 1,620
As at 31 August 2025 | 629,836 | 677,117 | 46,200 | 14,492 | 1,367,645
Depreciation
As at 1 September 2024 | 565,238 | 639,776 | 25,370 | 5,063 | 1,235,447
Provided during the period | 9,678 | 6,259 | 4,190 | 548 | 20,675
As at 31 August 2025 | 574,916 | 646,035 | 29,560 | 5,611 | 1,256,122
Net Book Value
As at 31 August 2025 | 54,920 | 31,082 | 16,640 | 8,881 | 111,523
As at 1 September 2024 | 64,598 | 35,721 | 20,830 | 9,429 | 130,578

5. Investments

| Listed
--- | ---
| £
Cost
As at 1 September 2024 | 10,187
Revaluations | 4,773
As at 31 August 2025 | 14,960
Provision
As at 1 September 2024 | -
As at 31 August 2025 | -
Net Book Value
As at 31 August 2025 | 14,960
As at 1 September 2024 | 10,187

Investments in shares are included at fair value, the original cost of the shares amounted to £nil.
Page 4
Page 5
Lower Farm (Bednall) Limited
Notes to the Financial Statements (continued)
For The Year Ended 31 August 2025
6. Stocks

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Finished goods | 43,065 |  | 32,219

7. Debtors

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Due within one year
Trade debtors | 93,940 |  | 68,567
Prepayments and accrued income | 23,184 |  | 21,481
VAT | 992 |  | 7,340
Directors' loan accounts | 22,879 |  | 8,445
| 140,995 |  | 105,833

8. Creditors: Amounts Falling Due Within One Year

| 2025 |  | 2024
--- | --- | --- | ---
| £ |  | £
Trade creditors | 37,362 |  | 55,255
Corporation tax | 76,829 |  | 60,820
Other taxes and social security | 1,247 |  | 999
Other creditors | 598 |  | 590
Accruals and deferred income | 24,553 |  | 17,359
| 140,589 |  | 135,023

9. Share Capital

| 2025 |  | 2024
--- | --- | --- | ---
Allotted, called up and fully paid | £ |  | £
750 Ordinary Shares of £ 1.00 each | 750 |  | 750
50 Ordinary A shares of £ 1.00 each | 50 |  | -
| 800 |  | 750

10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:

| As at 1 September 2024 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 August 2025
--- | --- | --- | --- | --- | ---
| £ | £ | £ | £ | £
Mr Thomas Rees | 8,445 | 25,219 | 10,785 | - | 22,879

The above loan is provided at a rate of 2.25% and is and repayable on demand.
Page 5