Company No: 09277809 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
				Restated - note 2
Fixed assets
Tangible assets	4	1,090,927		1,125,878
Investment property	5	550,851		550,851
Investments	6	353,928		287,269
		1,995,706		1,963,998
Current assets
Stocks		268,499		215,380
Debtors	7	125,178		87,635
Cash at bank and in hand		1,584,071		1,190,361
		1,977,748		1,493,376
Creditors: amounts falling due within one year	8	( 414,572)		( 547,538)
Net current assets		1,563,176		945,838
Total assets less current liabilities		3,558,882		2,909,836
Creditors: amounts falling due after more than one year	9	( 58,258)		( 71,643)
Provision for liabilities		( 136,623)		( 129,472)
Net assets		3,364,001		2,708,721
Capital and reserves
Called-up share capital	10	1,004,100		1,004,100
Profit and loss account		2,359,901		1,704,621
Total shareholders' funds		3,364,001		2,708,721

Included in profit and loss reserves are non-distributable reserves of £121,124 (2024 - £80,130).

For the financial year ending 30 November 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of H B Reid and Son Limited (registered number: 09277809) were approved and authorised for issue by the Board of Directors on 03 July 2026. They were signed on its behalf by:

Mr H B Reid Director

Mr S H Reid Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

The company is a private company limited by share capital, incorporated in England and Wales,

The address of its registered office is:
Hitchock House
Hiltop Park
Devizes Road
Salisbury
Wiltshire
SP3 4UF

The principal place of business is:
Tong Green Farm
Tong Green
Faversham
Kent
ME13 OHR

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

These financial statements have been prepared in accordance with Financial Reporting Standard 102 - 'The Financial Reporting Standard applicable in the UK and Republic ofIreland', including Section 1A, and the Companies Act 2006. These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies, certain items are shown at fair value.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within he company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
It is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and law that have been enacted or substantively enacted by the reporting date.

The carrying amount of the deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	not depreciated
Leasehold improvements	50 years straight line
Plant and machinery	15 % reducing balance
Vehicles	25 % reducing balance
Other property, plant and equipment	15 - 20 % reducing balance

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Fixed asset investments are measured at fair value through profit and loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in the profit and loss.

Financial instruments

The company holds the following financial instruments:

- Short term trade and other debtors and creditors;
- Bank loans; and
- Cash and bank balances.

All financial instruments are classified as basic.

Recognition and measurement

The company has chosen to apply the recognition and measurement principles in FRS 102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in case of liabilities, when the company's obligations are discharged, expire or cancel.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the discounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.

2. Prior year adjustment

During the current financial year, management identified that a property previously classified within fixed assets as land and buildings had been incorrectly recognised. The asset meets the definition of an investment property under accounting standards, as it is held to earn rentals. As a result, the comparative information has been restated to correct this misclassification. The adjustment reflects the reclassification of the asset from land and buildings to investment property. Land and buildings has decreased by £550,851 and investment property has increased by the same amount. As the adjustment is a reclassification only, and there has been no impact on profit, total assets, equity, depreciation, or fair value movements previously reported.

		As previously reported		Adjustment		As restated
Year ended 30 November 2024		£		£		£
Land and buildings cost		1,357,362		(550,851)		806,511
Investment property cost		0		550,851		550,851

3. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	8		9

4. Tangible assets

	Land and buildings		Leasehold improve- ments		Plant and machinery		Vehicles		Other property, plant and equipment		Total
	£		£		£		£		£		£
Cost
At 01 December 2024	349,739		456,772		610,113		38,925		60,430		1,515,979
Additions	0		0		44,350		0		0		44,350
Disposals	0		0		( 5,300)		0		0		( 5,300)
At 30 November 2025	349,739		456,772		649,163		38,925		60,430		1,555,029
Accumulated depreciation
At 01 December 2024	0		89,875		257,681		8,109		34,436		390,101
Charge for the financial year	0		9,136		54,965		7,704		3,906		75,711
Disposals	0		0		( 1,710)		0		0		( 1,710)
At 30 November 2025	0		99,011		310,936		15,813		38,342		464,102
Net book value
At 30 November 2025	349,739		357,761		338,227		23,112		22,088		1,090,927
At 30 November 2024	349,739		366,897		352,432		30,816		25,994		1,125,878

Included within the net book value of land and buildings and leasehold improvements above is £707,500 (2024 - £716,636) in respect of freehold land and buildings.

5. Investment property

	Investment property
	£
Valuation
As at 01 December 2024	550,851
As at 30 November 2025	550,851

The investment property is carried at cost, representing the original purchase price together with any directly attributable expenditures necessary to prepare the asset for its intended use. At the reporting date, the directors believe the historic cost to be a fair representation of the fair value and as such no fair‑value adjustments or revaluation gains or losses have been recognised.

There has been no valuation of investment property by an independent valuer.

6. Fixed asset investments

	Listed investments		Total
	£		£
Cost or valuation before impairment
At 01 December 2024	287,269		287,269
Additions	12,000		12,000
Movement in fair value	54,659		54,659
At 30 November 2025	353,928		353,928
Carrying value at 30 November 2025	353,928		353,928
Carrying value at 30 November 2024	287,269		287,269

The cost of the investments is £194,596 (2024 - £182,596). Included in the above figure is a fair value adjustment of £159,332 (2024 - £104,673)

7. Debtors

	2025		2024
	£		£
Trade debtors	106,154		68,845
Other debtors	19,024		18,790
	125,178		87,635

8. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	32,335		169,535
Taxation and social security	214,542		162,947
Other creditors	167,695		215,056
	414,572		547,538

9. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Other creditors	58,258		71,643

There are no amounts included above in respect of which any security has been given by the small entity.

10. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
51 Ordinary A shares of £ 1.00 each	51		51
25 Ordinary B shares of £ 1.00 each	25		25
24 Ordinary C shares of £ 1.00 each	24		24
	100		100
1,004,000 Redeemable Preference shares of £ 1.00 each	1,004,000		1,004,000
	1,004,100		1,004,100