REGISTERED NUMBER: 04020069 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Brixworth Farming Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J F Matts

R A Turney

H Lowther

A R MacDonald-Buchanan

I J Matts

H C Baker

SECRETARY:

C J F Matts

REGISTERED OFFICE:

The Farm Office

Grooms Lane

Creaton

Northamptonshire

NN6 8NN

REGISTERED NUMBER:

04020069 (England and Wales)

ACCOUNTANTS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

FIXED ASSETS

Tangible assets

4

734,682

857,512

CURRENT ASSETS

Stocks

328,278

354,287

Debtors

5

327,874

490,331

Cash at bank

52,547

186,812

708,699

1,031,430

CREDITORS

Amounts falling due within one year

6

543,085

970,066

NET CURRENT ASSETS

165,614

61,364

TOTAL ASSETS LESS CURRENT LIABILITIES

900,296

918,876

CREDITORS

Amounts falling due after more than one year

7

(6,798

)

-

PROVISIONS FOR LIABILITIES

(178,184

)

(208,570

)

NET ASSETS

715,314

710,306

CAPITAL AND RESERVES

Called up share

40,000

40,000

Share premium

9

35,000

35,000

Special reserve

9

409,134

409,134

Retained earnings

9

231,180

226,172

SHAREHOLDERS' FUNDS

715,314

710,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 30 April 2026 and were signed on its behalf by:

I J Matts - Director

1.	STATUTORY INFORMATION

Brixworth Farming Company 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.

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.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Tangible fixed assets

Depreciation is provided on buildings over 20 years on a straight line basis.

Depreciation is provided on plant and machinery at rates between 10% and 20% on a reducing balance basis dependant upon the asset involved.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

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 the profit and loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Tractors

Freehold

Plant and

and

property

machinery

Sprayers

Totals

£

£

£

£

COST

At 1 November 2024

25,691

933,945

1,250,795

2,210,431

Additions

-

31,100

-

31,100

Disposals

-

(20,500

)

-

(20,500

)

At 31 October 2025

25,691

944,545

1,250,795

2,221,031

DEPRECIATION

At 1 November 2024

2,461

608,072

742,386

1,352,919

Charge for year

1,285

54,677

91,541

147,503

Eliminated on disposal

-

(14,073

)

-

(14,073

)

At 31 October 2025

3,746

648,676

833,927

1,486,349

NET BOOK VALUE

At 31 October 2025

21,945

295,869

416,868

734,682

At 31 October 2024

23,230

325,873

508,409

857,512

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

Additions

31,100

At 31 October 2025

31,100

DEPRECIATION

Charge for year

3,110

At 31 October 2025

3,110

NET BOOK VALUE

At 31 October 2025

27,990

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

189,032

392,321

VAT

36,913

40,831

Prepayments and accrued income

101,929

57,179

327,874

490,331

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Hire purchase contracts (see note 8)

6,798

-

Trade creditors

397,258

664,175

Tax

29,756

6,114

Accrued expenses

109,273

299,777

543,085

970,066

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Hire purchase contracts (see note 8)

6,798

-

8.	LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.10.25

31.10.24

£

£

Net obligations repayable:

Within one year

6,798

-

Between one and five years

6,798

-

13,596

-

9.

RESERVES

Retained

Share

Special

earnings

premium

reserve

Totals

£

£

£

£

At 1 November 2024

226,172

35,000

409,134

670,306

Profit for the year

5,008

5,008

At 31 October 2025

231,180

35,000

409,134

675,314

So long as amounts are held in the special reserve they are subject to distribution to shareholders in the event of a sale of shares or a winding up of the company based proportionately on the amount of land farmed by the respective shareholder from time to time or on such other basis as shall be determined by the directors.