IRIS Accounts Production v26.1.10.61 13350572 Board of Directors 1.11.24 31.10.25 31.10.25 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 13350572 2024-10-31 13350572 2025-10-31 13350572 2024-11-01 2025-10-31 13350572 2023-10-31 13350572 2023-11-01 2024-10-31 13350572 2024-10-31 13350572 ns15:EnglandWales 2024-11-01 2025-10-31 13350572 ns14:PoundSterling 2024-11-01 2025-10-31 13350572 ns10:Director1 2024-11-01 2025-10-31 13350572 ns10:PrivateLimitedCompanyLtd 2024-11-01 2025-10-31 13350572 ns10:SmallEntities 2024-11-01 2025-10-31 13350572 ns10:AuditExempt-NoAccountantsReport 2024-11-01 2025-10-31 13350572 ns10:SmallCompaniesRegimeForDirectorsReport 2024-11-01 2025-10-31 13350572 ns10:SmallCompaniesRegimeForAccounts 2024-11-01 2025-10-31 13350572 ns10:FullAccounts 2024-11-01 2025-10-31 13350572 ns10:OrdinaryShareClass1 2024-11-01 2025-10-31 13350572 ns10:OrdinaryShareClass2 2024-11-01 2025-10-31 13350572 ns10:Director2 2024-11-01 2025-10-31 13350572 ns10:Director3 2024-11-01 2025-10-31 13350572 ns10:Director4 2024-11-01 2025-10-31 13350572 ns10:Director5 2024-11-01 2025-10-31 13350572 ns10:Director6 2024-11-01 2025-10-31 13350572 ns10:RegisteredOffice 2024-11-01 2025-10-31 13350572 ns5:CurrentFinancialInstruments 2025-10-31 13350572 ns5:CurrentFinancialInstruments 2024-10-31 13350572 ns5:Non-currentFinancialInstruments 2025-10-31 13350572 ns5:Non-currentFinancialInstruments 2024-10-31 13350572 ns5:ShareCapital 2025-10-31 13350572 ns5:ShareCapital 2024-10-31 13350572 ns5:RetainedEarningsAccumulatedLosses 2025-10-31 13350572 ns5:RetainedEarningsAccumulatedLosses 2024-10-31 13350572 ns5:PlantMachinery 2024-11-01 2025-10-31 13350572 ns5:MotorVehicles 2024-11-01 2025-10-31 13350572 ns5:PlantMachinery 2024-10-31 13350572 ns5:MotorVehicles 2024-10-31 13350572 ns5:PlantMachinery 2025-10-31 13350572 ns5:MotorVehicles 2025-10-31 13350572 ns5:PlantMachinery 2024-10-31 13350572 ns5:MotorVehicles 2024-10-31 13350572 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-10-31 13350572 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-11-01 2025-10-31 13350572 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-10-31 13350572 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-10-31 13350572 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-10-31 13350572 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-10-31 13350572 ns5:AcceleratedTaxDepreciationDeferredTax 2025-10-31 13350572 ns5:AcceleratedTaxDepreciationDeferredTax 2024-10-31 13350572 ns5:TaxLossesCarry-forwardsDeferredTax 2025-10-31 13350572 ns5:TaxLossesCarry-forwardsDeferredTax 2024-10-31 13350572 ns5:DeferredTaxation 2024-10-31 13350572 ns5:DeferredTaxation 2024-11-01 2025-10-31 13350572 ns5:DeferredTaxation 2025-10-31 13350572 ns10:OrdinaryShareClass1 2025-10-31 13350572 ns10:OrdinaryShareClass2 2025-10-31 13350572 ns5:RetainedEarningsAccumulatedLosses 2024-10-31 13350572 ns5:RetainedEarningsAccumulatedLosses 2024-11-01 2025-10-31 13350572 1 2024-11-01 2025-10-31

REGISTERED NUMBER: 13350572 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Brett Vale Farming Company Limited

| Brett Vale Farming Company Limited (Registered number: 13350572) |

Contents of the Financial Statements

for the Year Ended 31 October 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Brett Vale Farming Company Limited |

Company Information

for the Year Ended 31 October 2025

| DIRECTORS: | C P Course

| G Westwood

| M G Pratt

| O M Pratt

| P W Chaplin

| A D Chaplin

| REGISTERED OFFICE: | Dairy Farm Office

| Dairy Road

| Semer

| IP7 6RA

| REGISTERED NUMBER: | 13350572 (England and Wales)

| ACCOUNTANTS: | Hardcastle Burton LLP

| Lake House

| Market Hill

| Royston

| Hertfordshire

| SG8 9JN

| Brett Vale Farming Company Limited (Registered number: 13350572) |

Balance Sheet

31 October 2025

| 31.10.25 | 31.10.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 878,352 |  | 717,707 |  |

CURRENT ASSETS

Stocks | 5 | 27,652 |  | 20,794 |  |

Debtors | 6 | 241,400 |  | 182,863 |  |

Cash at bank | 17,634 |  | 12,200 |  |

286,686 |  | 215,857 |  |

CREDITORS

Amounts falling due within one year | 7 | 432,587 |  | 155,385 |  |

NET CURRENT (LIABILITIES)/ASSETS | (145,901 | ) | 60,472 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 732,451 |  | 778,179 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (57,604 | ) | (102,672 | ) |

PROVISIONS FOR LIABILITIES | 10 | (142,188 | ) | (142,523 | ) |

NET ASSETS | 532,659 |  | 532,984 |  |

CAPITAL AND RESERVES

Called up share capital | 11 | 1,000 |  | 1,000 |  |

Retained earnings | 12 | 531,659 |  | 531,984 |  |

SHAREHOLDERS' FUNDS | 532,659 |  | 532,984 |  |

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.

| Brett Vale Farming Company Limited (Registered number: 13350572) |

Balance Sheet - continued

31 October 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 June 2026 and were signed on its behalf by:

G Westwood - Director

| Brett Vale Farming Company Limited (Registered number: 13350572) |

Notes to the Financial Statements

for the Year Ended 31 October 2025

1. | STATUTORY INFORMATION

| Brett Vale 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.

| The financial statements have been prepared on the going concern basis. The balance sheet shows net current liabilities of £145,901 (2024 net current assets: £60,472). The net assets overall were £532,659 (2024: £532,984). The company is reliant on loans from its shareholders, who have indicated that they will not call the loans for repayment until sufficient working capital is in the company to do so.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Revenue from services is recognised when the service is carried out.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | 15% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| 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 has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

| Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

| Basic financial assets

| Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

| Basic financial liabilities

| Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

| Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts 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.

| Brett Vale Farming Company Limited (Registered number: 13350572) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| 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

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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.

| Government and other grants

| Government grants on capital expenditure are credited to a deferred account and are released to revenue over the expected useful life of the relevant asset by equal annual instalments.

| Income received under the EU Basic Payment scheme is not recognised as income until the point at which the following criteria are both met:

| - A valid application form has been submitted and accepted by the Rural Payments Agency and

| - The relevant land has been eligible for the entire calender year to 31 December.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2024 - 4 ) .

| Brett Vale Farming Company Limited (Registered number: 13350572) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

4. | TANGIBLE FIXED ASSETS

| Plant and |  | Motor |

| machinery |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 November 2024 | 1,047,809 |  | 20,600 |  | 1,068,409 |  |

| Additions | 264,222 |  | 6,000 |  | 270,222 |  |

| At 31 October 2025 | 1,312,031 |  | 26,600 |  | 1,338,631 |  |

| DEPRECIATION

| At 1 November 2024 | 341,760 |  | 8,942 |  | 350,702 |  |

| Charge for year | 105,913 |  | 3,664 |  | 109,577 |  |

| At 31 October 2025 | 447,673 |  | 12,606 |  | 460,279 |  |

| NET BOOK VALUE

| At 31 October 2025 | 864,358 |  | 13,994 |  | 878,352 |  |

| At 31 October 2024 | 706,049 |  | 11,658 |  | 717,707 |  |

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

| Plant and

| machinery

£ |

| COST

| At 1 November 2024

| and 31 October 2025 | 250,425 |  |

| DEPRECIATION

| At 1 November 2024 | 43,222 |  |

| Charge for year | 31,080 |  |

| At 31 October 2025 | 74,302 |  |

| NET BOOK VALUE

| At 31 October 2025 | 176,123 |  |

| At 31 October 2024 | 207,203 |  |

5. | STOCKS

| 31.10.25 |  | 31.10.24

£ | £ |

| Finished goods | 27,652 |  | 20,794 |  |

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Trade debtors | 18,390 |  | 38,645 |  |

| Amts owed by related party | - |  | 144,218 |  |

| Other debtors | 154,671 |  | - |  |

| VAT | 49,905 |  | - |  |

| Prepayments and accrued income | 18,434 |  | - |  |

241,400 |  | 182,863 |  |

| Brett Vale Farming Company Limited (Registered number: 13350572) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Hire purchase contracts | 38,456 |  | 34,087 |  |

| Trade creditors | 40,752 |  | 14,776 |  |

| Amounts owed to related party | 161,445 |  | - |  |

| Social security and other taxes | 5,969 |  | 4,863 |  |

| VAT | - |  | 81,099 |  |

| Other creditors | 155,660 |  | 1,047 |  |

| Directors' loan accounts | 6,162 |  | 8,575 |  |

| Accruals and deferred income | 24,143 |  | 10,938 |  |

432,587 |  | 155,385 |  |

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

| 31.10.25 |  | 31.10.24

£ | £ |

| Hire purchase contracts | 48,646 |  | 89,964 |  |

| Accruals and deferred income | 8,958 |  | 12,708 |  |

57,604 |  | 102,672 |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.10.25 |  | 31.10.24

£ | £ |

| Hire purchase contracts | 87,102 |  | 124,051 |  |

| Hire purchase liabilities are secured by the individual assets to which the liabilities relate.

10. | PROVISIONS FOR LIABILITIES

| 31.10.25 |  | 31.10.24

£ | £ |

| Deferred tax

| Accelerated capital allowances | 219,588 |  | 179,427 |  |

| Tax losses carried forward | (77,400 | ) | (36,904 | ) |

142,188 |  | 142,523 |  |

| Deferred |

| tax |

£ |

| Balance at 1 November 2024 | 142,523 |  |

| Credit to Income Statement during year | (335 | ) |

| Balance at 31 October 2025 | 142,188 |  |

| Brett Vale Farming Company Limited (Registered number: 13350572) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

11. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.10.25 |  | 31.10.24

| value: | £ | £ |

| 500 | Ordinary A | £1 | 500 |  | 500 |  |

| 500 | Ordinary B | £1 | 500 |  | 500 |  |

1,000 |  | 1,000 |  |

| Ordinary shares A and Ordinary shares B rank pari pasu except in relation to return of capital. The return of capital is dependent on the capital they transferred to the joint venture company on participation.

12. | RESERVES

| Retained

| earnings

£ |

| At 1 November 2024 | 531,984 |  |

| Deficit for the year | (325 | ) |

| At 31 October 2025 | 531,659 |  |

13. | PENSION COMMITMENTS

| The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,254 (2024: £4,493). The pension contributions outstanding at the year end amounted to £989 (2024: £1,047).

14. | CAPITAL COMMITMENTS

| 31.10.25 |  | 31.10.24

£ | £ |

| Contracted but not provided for in the

| financial statements | 281,900 |  | - |  |

| Brett Vale Farming Company Limited (Registered number: 13350572) |

Notes to the Financial Statements - continued

for the Year Ended 31 October 2025

15. | RELATED PARTY DISCLOSURES

| The related parties, AJ Pratt & Sons and Heathpatch Limited have provided the company with loans to fund the purchase of plant and machinery.

| There are also regular transactions with related parties which include the above companies. All transactions are at arms length. The total transactions with related parties is summarised below:

|  | 2025 |  | 2024 |  |

|  | £ |  | £ |  |

| Sales |  | 678,495 |  | 888,378 |  |

| Purchases |  | 337,702 |  | 249,805 |  |

| Management fees payable |  | 26,804 |  | 26,600 |  |

| Loan interest payable |  | - |  | 9,330 |  |

| Rent payable |  | 11,700 |  | - |  |

| Amounts owed to related parties |  | 161,445 |  | - |  |

| Amounts owed by related parties |  | - |  | 144,218 |  |

| At the year end Brett Vale Farming Company Limited owed a balance of £4,992 (2024: £2,752) to Mr Martin Pratt, a director and shareholder of the company, in relation to director wages and expenses.

| At the year end Brett Vale Farming Company Limited owed a balance of £1,170 (2024: £5,823) to Mr Oliver Pratt, a director and shareholder of the company, in relation to director wages and expenses.

16. | POST BALANCE SHEET EVENTS

| On 1 September 2025, an additional member joined the the joint venture company. The shareholders agreement stated that the new member be treated as being a shareholder from this date. However, the shares were not issued until 4 March 2026. Accordingly, at the balance sheet date, the company reports an amount owed from the new member, W D Chaplin Farms of £154,671. This has been treated as an other creditor until it was converted to shares at the date of issue. This amount was converted to 500 £1 Ordinary C shares for £309.34 per share. See note 9.

| The Ordinary C shares have the same voting and dividend rights as Ordinary A and Ordinary B shares. However, they do not rank pari pasu in relation to return of capital. The return of capital is dependent on the capital they transferred to the joint venture company on participation.