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REGISTERED NUMBER: 04480300 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

J R FIRBY LTD

J R FIRBY LTD (REGISTERED NUMBER: 04480300)

CONTENTS OF THE FINANCIAL STATEMENTS

for the year ended 31 October 2025

Page |

Company Information | 1 |

Statement of Financial Position | 2 |

Notes to the Financial Statements | 4 |

J R FIRBY LTD

COMPANY INFORMATION

for the year ended 31 October 2025

| DIRECTORS: | J R Firby

| Mrs D Firby

| R R Firby

| SECRETARY: | Mrs D Firby

| REGISTERED OFFICE: | Carr House Farm

| Slingsby

| York

| North Yorkshire

| YO62 4AX

| REGISTERED NUMBER: | 04480300 (England and Wales)

| ACCOUNTANTS: | Smailes Goldie Watson Limited

| Chartered Accountants

| 1 Church Street

| Kirkbymoorside

| YO62 6AZ

J R FIRBY LTD (REGISTERED NUMBER: 04480300)

STATEMENT OF FINANCIAL POSITION

31 October 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Property, plant and equipment | 5 | 6,284,182 |  | 6,366,464 |  |

6,284,182 |  | 6,366,464 |  |

CURRENT ASSETS

Inventories | 5,055,218 |  | 5,299,081 |  |

Debtors | 6 | 285,619 |  | 552,019 |  |

Investments | 7 | 3,545 |  | 3,475 |  |

Cash at bank | 1,838,866 |  | 709,466 |  |

7,183,248 |  | 6,564,041 |  |

CREDITORS

Amounts falling due within one year | 8 | 1,058,423 |  | 1,177,179 |  |

NET CURRENT ASSETS | 6,124,825 |  | 5,386,862 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 12,409,007 |  | 11,753,326 |  |

PROVISIONS FOR LIABILITIES | 49,735 |  | 66,588 |  |

NET ASSETS | 12,359,272 |  | 11,686,738 |  |

CAPITAL AND RESERVES

Called up share capital | 2 |  | 2 |  |

Retained earnings | 12,359,270 |  | 11,686,736 |  |

SHAREHOLDERS' FUNDS | 12,359,272 |  | 11,686,738 |  |

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.

J R FIRBY LTD (REGISTERED NUMBER: 04480300)

STATEMENT OF FINANCIAL POSITION - 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 19 May 2026 and were signed on its behalf by:

J R Firby - Director

J R FIRBY LTD (REGISTERED NUMBER: 04480300)

NOTES TO THE FINANCIAL STATEMENTS

for the year ended 31 October 2025

1. | STATUTORY INFORMATION

| J R Firby Ltd 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.

| Going concern

| The company has a net asset position and a healthy bank position and the directors are satisfied that there are sufficient resources in place to continue operating for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the annual financial statements.

| Significant judgements and estimates

| In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

| Critical judgements in applying the company's policies

| No significant judgements have had to made by management in preparing these financial statements.

| Critical accounting estimates and assumptions

| An impairment review is performed on wholegood inventories at each year end by the Directors and impairment losses are estimated and recognised based on condition, obsolescence and current selling prices.

| The directors do not consider that any other of the estimates and assumptions used in the preparation of these financial statements have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

| Revenue

| Revenue represents goods and services supplied, excluding value added tax. Revenue is recognised to the extent that the company has obtained the right to consideration through its performance and is measured at the fair value of the right to consideration, excluding discounts and value added tax.

| Intangible assets

| Intangible assets are initially measured at cost. After initial recognition, intangible assets, which relate to BPS entitlement, are valued at cost less any accumulated amortisation and any impairment. Amortisation is calculated on a straight line basis in line with income arising.

| Property, plant and equipment

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Freehold Land & Buildings | - | 10% on reducing balance and Land - 0%

| Plant and machinery | - | 25% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

J R FIRBY LTD (REGISTERED NUMBER: 04480300)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 October 2025

2. | ACCOUNTING POLICIES - continued

| Inventories

| Inventories are measured at the lower of cost and estimated selling price less costs to sell having due regard to any slow moving or obsolete items.

| 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 statement of financial position date.

| Deferred taxation

| 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. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

| The company also makes contributions to the personal pension scheme of two directors and contributions payable are charged in the profit and loss account in the period to which they relate.

| Financial instruments

| The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade, other accounts receivable and payable and loans from related parties.

| Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.

| Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised costs using the effective interest method.

3. | EMPLOYEES AND DIRECTORS

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

J R FIRBY LTD (REGISTERED NUMBER: 04480300)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 October 2025

4. | INTANGIBLE FIXED ASSETS

| Other

| intangible

| assets

£ |

| COST

| At 1 November 2024

| and 31 October 2025 | 24,506 |  |

| AMORTISATION

| At 1 November 2024

| and 31 October 2025 | 24,506 |  |

| NET BOOK VALUE

| At 31 October 2025 | - |  |

| At 31 October 2024 | - |  |

5. | PROPERTY, PLANT AND EQUIPMENT

| Freehold |  | Fixtures |

| Land & |  | Plant and |  | and |  | Motor |

| Buildings |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 November 2024 | 6,312,608 |  | 627,900 |  | 9,656 |  | 50,980 |  | 7,001,144 |  |

| Additions | - |  | 2,020 |  | - |  | - |  | 2,020 |  |

| At 31 October 2025 | 6,312,608 |  | 629,920 |  | 9,656 |  | 50,980 |  | 7,003,164 |  |

| DEPRECIATION

| At 1 November 2024 | 224,736 |  | 363,377 |  | 9,117 |  | 37,450 |  | 634,680 |  |

| Charge for year | 14,137 |  | 66,646 |  | 136 |  | 3,383 |  | 84,302 |  |

| At 31 October 2025 | 238,873 |  | 430,023 |  | 9,253 |  | 40,833 |  | 718,982 |  |

| NET BOOK VALUE

| At 31 October 2025 | 6,073,735 |  | 199,897 |  | 403 |  | 10,147 |  | 6,284,182 |  |

| At 31 October 2024 | 6,087,872 |  | 264,523 |  | 539 |  | 13,530 |  | 6,366,464 |  |

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

2025 | 2024 |

£ | £ |

| Trade debtors | 81,034 |  | 293,230 |  |

| Other debtors | 204,585 |  | 258,789 |  |

285,619 |  | 552,019 |  |

7. | CURRENT ASSET INVESTMENTS

2025 | 2024 |

£ | £ |

| Trade investments | 3,545 |  | 3,475 |  |

J R FIRBY LTD (REGISTERED NUMBER: 04480300)

NOTES TO THE FINANCIAL STATEMENTS - continued

for the year ended 31 October 2025

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

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | - |  | 62,215 |  |

| Trade creditors | 67,157 |  | 44,665 |  |

| Taxation and social security | 263,249 |  | 346,814 |  |

| Other creditors | 728,017 |  | 723,485 |  |

1,058,423 |  | 1,177,179 |  |

9. | RELATED PARTY DISCLOSURES

| The company farms 850 acres of land. Of this, 40 acres are rented from a third party and 220 acres are rented from the directors, who are also shareholders, rent free.