REGISTERED NUMBER: 00638925 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th September 2025

for

BREAMORE ESTATE COMPANY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Accountants' Report

10

DIRECTORS:

Lady Hulse

Sir E M W Hulse

E W Hulse

SECRETARY:

Sir E M W Hulse

REGISTERED OFFICE:

Suffolk House

George Street

Croydon

Surrey

CR0 0YN

REGISTERED NUMBER:

00638925 (England and Wales)

ACCOUNTANTS:

TC Group

3rd Floor, Suffolk House

George Street

Croydon

CR0 0YN

FIXED ASSETS

Property, plant and equipment

4

566,738

623,495

Investments

5

631

631

567,369

624,126

CURRENT ASSETS

Inventories

489,564

491,259

Debtors

6

577,255

497,603

Cash at bank

55,470

55,475

1,122,289

1,044,337

CREDITORS

Amounts falling due within one year

7

1,630,615

1,176,950

NET CURRENT LIABILITIES

(508,326

)

(132,613

)

TOTAL ASSETS LESS CURRENT LIABILITIES

59,043

491,513

CREDITORS

Amounts falling due after more than one year

8

5,225

5,225

NET ASSETS

53,818

486,288

CAPITAL AND RESERVES

Called up share capital

126,283

126,283

Retained earnings

(72,465

)

360,005

53,818

486,288

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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 17th June 2026 and were signed on its behalf by:

Sir E M W Hulse - Director

1.	STATUTORY INFORMATION

Breamore Estate 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 as modified by the revaluation of certain assets.

The directors are required to give due consideration to the company's future operation.

The company has a strong asset base that will continue to provide revenue streams and also has sufficient working capital to see it through the current difficult period. The directors therefore have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover represents sales of crops from farming activities, rental income, and admission and event fees in respect of Breamore House and Museum, all exclusive of value added tax.

Tangible fixed assets

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

Museum building and exhibits

-

not provided

Grain stores

-

5% on cost and straight line over 25 years

Farm buildings and installations

-

10% on reducing balance

Implements and equipment

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Items classified under the heading 'Museum building and exhibits' are heritage assets. No provision for depreciation has been made in respect of these assets. The directors consider the expenditure on maintenance has ensured that the assets will last their estimated useful life. The accumulated cost is considered by the directors to be an appropriate value of these specialised assets which are peculiar to the Breamore Estate.

Stocks

i. Stocks of crops together with tillages and RMV are stated at fair value.

ii. Stocks of fertilisers, seeds and other farm consumables are stated at the lower of cost and estimated selling price less costs to sell.

iii. Stocks for retail sales in the museum and house have been valued by the directors at the lower of cost and estimated selling price less costs to sell.

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.

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.

Other operating income

Interest on bank deposits has been recognised as income when receivable.

Fixed asset investments

Listed investments are recognised at their open market value. Unlisted investments are recorded at their historic cost.

Grants receivable

Grants are credited to deferred revenue. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

Operating leases

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit as incurred.

Heritage assets

Recognition and measurement

Heritage assets are accounted for at historic cost.

Acquisition, preservation and disposal

The directors continue to seek appropriate heritage assets to enhance the museum exhibits. A regular review of the condition of the assets held is undertaken to assess what repairs are necessary. The costs of preservation are recognised in the financial statements as they are incurred. The directors currently consider it unlikely that any of the heritage assets would be sold.

Records maintained by the entity

The company maintains the accounting records, a list of the heritage assets held and any relevant title documents at the estate office at Breamore House.

Information on the extent to which access to the assets is permitted

Access to the museum is available to the public when Breamore House is open.

Information helpful in assessing the value

The unique nature of the assets held by the company means that there is no open market and the directors do not consider that it is practical to obtain a valuation.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 21 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Museum

Farm

building

buildings

and

Grain

and

exhibits

stores

installations

£

£

£

COST

At 1st October 2024

74,624

620,175

290,054

Additions

-

-

-

At 30th September 2025

74,624

620,175

290,054

DEPRECIATION

At 1st October 2024

-

358,007

285,000

Charge for year

-

25,710

505

At 30th September 2025

-

383,717

285,505

NET BOOK VALUE

At 30th September 2025

74,624

236,458

4,549

At 30th September 2024

74,624

262,168

5,054

Implements

Fixtures

and

and

Motor

equipment

fittings

vehicles

Totals

£

£

£

£

COST

At 1st October 2024

967,958

77,994

10,000

2,040,805

Additions

28,950

3,548

-

32,498

At 30th September 2025

996,908

81,542

10,000

2,073,303

DEPRECIATION

At 1st October 2024

694,333

74,189

5,781

1,417,310

Charge for year

60,515

1,470

1,055

89,255

At 30th September 2025

754,848

75,659

6,836

1,506,565

NET BOOK VALUE

At 30th September 2025

242,060

5,883

3,164

566,738

At 30th September 2024

273,625

3,805

4,219

623,495

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

Implements

and

equipment

£

COST

At 1st October 2024

and 30th September 2025

133,000

DEPRECIATION

At 1st October 2024

and 30th September 2025

53,200

NET BOOK VALUE

At 30th September 2025

79,800

At 30th September 2024

79,800

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1st October 2024

and 30th September 2025

631

NET BOOK VALUE

At 30th September 2025

631

At 30th September 2024

631

Cost or valuation at 30th September 2025 is represented by:

Other

investments

£

Valuation in 2015

1,052

Valuation in 2016

(320

)

Valuation in 2017

(121

)

Valuation in 2018

20

631

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Trade debtors

63,611

119,021

Other debtors

513,644

378,582

577,255

497,603

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.25

30.9.24

£

£

Bank loans and overdrafts

305,159

240,866

Trade creditors

214,854

170,836

Social security and other taxes

9,098

11,050

Other creditors

116,748

130,742

Directors' current accounts

984,756

623,456

1,630,615

1,176,950

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.9.25

30.9.24

£

£

Loan: Imperial Life of Canada

5,225

5,225

9.	SECURED DEBTS

The following secured debts are included within creditors:

30.9.25

30.9.24

£

£

Bank overdrafts

305,159

240,866

Other loans

5,225

5,225

310,384

246,091

The bank overdraft facility is secured by charges over the undertaking and all of its property and assets present and future, including uncalled capital.

Hire purchase contracts are secured against the assets to which they relate.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30th September 2025.

We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.

On the balance sheet, you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".

You have determined that the company is exempt from the statutory requirement for an audit for this accounting year. Therefore, the financial statements are unaudited.

The financial statements are provided exclusively to the directors for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.

TC Group

3rd Floor, Suffolk House

George Street

Croydon

CR0 0YN

17th June 2026