Caseware UK (AP4) 2024.0.164 2024.0.164 2026-02-28 2026-02-28 7 false false false 2025-03-01 10 Wholesale of meat and meat products false 07282233 2025-03-01 2026-02-28 07282233 2024-03-01 2025-02-28 07282233 2026-02-28 07282233 2025-02-28 07282233 2024-03-01 07282233 1 2025-03-01 2026-02-28 07282233 1 2024-03-01 2025-02-28 07282233 5 2025-03-01 2026-02-28 07282233 5 2024-03-01 2025-02-28 07282233 7 2025-03-01 2026-02-28 07282233 7 2024-03-01 2025-02-28 07282233 d:Director1 2025-03-01 2026-02-28 07282233 d:Director2 2025-03-01 2026-02-28 07282233 d:Director3 2025-03-01 2026-02-28 07282233 d:Director4 2025-03-01 2026-02-28 07282233 d:Director5 2025-03-01 2026-02-28 07282233 d:RegisteredOffice 2025-03-01 2026-02-28 07282233 e:Buildings e:LongLeaseholdAssets 2025-03-01 2026-02-28 07282233 e:Buildings e:LongLeaseholdAssets 2026-02-28 07282233 e:Buildings e:LongLeaseholdAssets 2025-02-28 07282233 e:Buildings e:ShortLeaseholdAssets 2025-03-01 2026-02-28 07282233 e:Buildings e:ShortLeaseholdAssets 2026-02-28 07282233 e:Buildings e:ShortLeaseholdAssets 2025-02-28 07282233 e:LandBuildings 2026-02-28 07282233 e:LandBuildings 2025-02-28 07282233 e:PlantMachinery 2025-03-01 2026-02-28 07282233 e:PlantMachinery 2026-02-28 07282233 e:PlantMachinery 2025-02-28 07282233 e:PlantMachinery e:OwnedOrFreeholdAssets 2025-03-01 2026-02-28 07282233 e:MotorVehicles 2025-03-01 2026-02-28 07282233 e:MotorVehicles 2026-02-28 07282233 e:MotorVehicles 2025-02-28 07282233 e:MotorVehicles e:OwnedOrFreeholdAssets 2025-03-01 2026-02-28 07282233 e:OfficeEquipment 2025-03-01 2026-02-28 07282233 e:OfficeEquipment 2026-02-28 07282233 e:OfficeEquipment 2025-02-28 07282233 e:OfficeEquipment e:OwnedOrFreeholdAssets 2025-03-01 2026-02-28 07282233 e:OwnedOrFreeholdAssets 2025-03-01 2026-02-28 07282233 e:CurrentFinancialInstruments 2026-02-28 07282233 e:CurrentFinancialInstruments 2025-02-28 07282233 e:CurrentFinancialInstruments 1 2026-02-28 07282233 e:CurrentFinancialInstruments 1 2025-02-28 07282233 e:Non-currentFinancialInstruments 2026-02-28 07282233 e:Non-currentFinancialInstruments 2025-02-28 07282233 e:CurrentFinancialInstruments e:WithinOneYear 2026-02-28 07282233 e:CurrentFinancialInstruments e:WithinOneYear 2025-02-28 07282233 e:Non-currentFinancialInstruments e:AfterOneYear 2026-02-28 07282233 e:Non-currentFinancialInstruments e:AfterOneYear 2025-02-28 07282233 e:ReportableOperatingSegment3 2025-03-01 2026-02-28 07282233 e:ReportableOperatingSegment3 2024-03-01 2025-02-28 07282233 f:UnitedKingdom 2025-03-01 2026-02-28 07282233 f:UnitedKingdom 2024-03-01 2025-02-28 07282233 e:UKTax 2025-03-01 2026-02-28 07282233 e:UKTax 2024-03-01 2025-02-28 07282233 e:ShareCapital 2025-03-01 2026-02-28 07282233 e:ShareCapital 2026-02-28 07282233 e:ShareCapital 2024-03-01 2025-02-28 07282233 e:ShareCapital 2025-02-28 07282233 e:ShareCapital 2024-03-01 07282233 e:RevaluationReserve 2025-03-01 2026-02-28 07282233 e:RevaluationReserve 2026-02-28 07282233 e:RevaluationReserve 2025-02-28 07282233 e:RetainedEarningsAccumulatedLosses 2025-03-01 2026-02-28 07282233 e:RetainedEarningsAccumulatedLosses 2026-02-28 07282233 e:RetainedEarningsAccumulatedLosses 2024-03-01 2025-02-28 07282233 e:RetainedEarningsAccumulatedLosses 2025-02-28 07282233 e:RetainedEarningsAccumulatedLosses 2024-03-01 07282233 e:AcceleratedTaxDepreciationDeferredTax 2026-02-28 07282233 e:AcceleratedTaxDepreciationDeferredTax 2025-02-28 07282233 d:OrdinaryShareClass1 2025-03-01 2026-02-28 07282233 d:OrdinaryShareClass1 2026-02-28 07282233 d:OrdinaryShareClass1 2025-02-28 07282233 d:OrdinaryShareClass2 2025-03-01 2026-02-28 07282233 d:OrdinaryShareClass2 2026-02-28 07282233 d:OrdinaryShareClass2 2025-02-28 07282233 d:OrdinaryShareClass3 2025-03-01 2026-02-28 07282233 d:OrdinaryShareClass3 2026-02-28 07282233 d:OrdinaryShareClass3 2025-02-28 07282233 d:OrdinaryShareClass4 2025-03-01 2026-02-28 07282233 d:OrdinaryShareClass4 2026-02-28 07282233 d:OrdinaryShareClass4 2025-02-28 07282233 d:OrdinaryShareClass5 2025-03-01 2026-02-28 07282233 d:OrdinaryShareClass5 2026-02-28 07282233 d:FRS102 2025-03-01 2026-02-28 07282233 d:Audited 2025-03-01 2026-02-28 07282233 d:FullAccounts 2025-03-01 2026-02-28 07282233 d:PrivateLimitedCompanyLtd 2025-03-01 2026-02-28 07282233 e:WithinOneYear 2026-02-28 07282233 e:WithinOneYear 2025-02-28 07282233 e:BetweenOneFiveYears 2026-02-28 07282233 e:BetweenOneFiveYears 2025-02-28 07282233 e:HirePurchaseContracts e:WithinOneYear 2026-02-28 07282233 e:HirePurchaseContracts e:WithinOneYear 2025-02-28 07282233 e:HirePurchaseContracts e:BetweenOneFiveYears 2026-02-28 07282233 e:HirePurchaseContracts e:BetweenOneFiveYears 2025-02-28 07282233 2 2025-03-01 2026-02-28 07282233 5 2025-03-01 2026-02-28 07282233 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2026-02-28 07282233 e:MotorVehicles e:LeasedAssetsHeldAsLessee 2025-02-28 07282233 g:PoundSterling 2025-03-01 2026-02-28 07282233 e:RetainedEarningsAccumulatedLosses e:PreviouslyStatedAmount 2025-02-28 07282233 e:PreviouslyStatedAmount 2025-02-28 07282233 e:PriorPeriodErrorIncreaseDecrease 2025-02-28 07282233 e:RevaluationReserve e:PriorPeriodErrorIncreaseDecrease 2025-02-28 07282233 e:RetainedEarningsAccumulatedLosses e:PriorPeriodErrorIncreaseDecrease 2025-02-28 07282233 e:ShareCapital e:PriorPeriodErrorIncreaseDecrease 2025-02-28 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 07282233 BROOKFIELD FARM (DORSET) LIMITED ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
BROOKFIELD FARM (DORSET) LIMITED COMPANY INFORMATION
Directors | Ben Bayer
| Leila Bayer
| Adam McGuinness
| Daniel Park
| David Bayer
Registered number | 07282233
Registered office | Leytonstone House
| 3 Hanbury Drive
| London
| Leytonstone
| E11 1GA
Independent auditor | Barnes Roffe Audit Limited
| Chartered Accountants Statutory Auditor
| Leytonstone House
| 3 Hanbury Drive
| London
| E11 1GA
BROOKFIELD FARM (DORSET) LIMITED CONTENTS
| Page
Strategic report | 1 - 2
Directors' report | 3 - 4
Independent auditor's report | 5 - 8
Statement of comprehensive income | 9
Balance sheet | 10
Statement of changes in equity | 11 - 12
Statement of cash flows | 13 - 14
Analysis of net debt | 15
Notes to the financial statements | 16 - 32
BROOKFIELD FARM (DORSET) LIMITED STRATEGIC REPORT FOR THE YEAR ENDED 28 FEBRUARY 2026
Introduction
The directors present their strategic report for the year ended 28 February 2026 for Brookfield Farm (Dorset) Limited ("the Company").
Business review
The Board are pleased to report another successful year for the Company. The Company continues to provide high levels of customer service and work with the highest quality suppliers. By avoiding unnecessary overheads, the Company is able to maintain its service to customers at much lower margins than traditional wholesalers. The high levels of customer service, together with excellent product value, have enabled the Company to expand its activity during the year with turnover increasing by 67% to £38.2 million. The increased activity of the Company have allowed margins to be maintained around 7.0%, despite the inevitable increased costs of operation. Towards the end of the financial year, the Company has invested in developing a storage facility to enable the Company to offer increased product flexibility, further improving service levels, while maintaining its excellent value to customers.
Principal risks and uncertainties
Throughout its operations the copmany various principal internal and external risks and uncertainties, including working capital management, customer and supplier risk and financial asset risk. The Company manages the risks inherent in it operations in order to mitigate exposure to all forms of risks, where practical.
Financial key performance indicators
The Company considers that the financial key performance indicators are those that communicate the financial performance and strength of the Company; these being turnover, gross profit margin and net profit. 2026 2025 Turnover £38,222,663 £22,906,058 Turnover Growth 66.9% Gross Profit £2,581,016 £1,644,555 Gross Profit Margin 6.75% 7.18% Net Profit before Tax £1,349,917 £993,857 Given the straight forward nature of the business, the directors are of the opinion that analysis using other KPIs is not necessary for an understanding of the development, performance or position of the business. Page 1
BROOKFIELD FARM (DORSET) LIMITED STRATEGIC REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026
Employment policy
The Company does not discriminate against anyone on any grounds. The sole criterion for selection or promotion is the suitability of the person for the job. It is the policy of the Company to provide employment to people irrespective of sex, age, religion or disability whenever the demands of the Company and the abilities of the individual will allow. Appropriate levels of training and development are available for all levels and categories of staff. Outlook The objective of the business is to grow substantially in the coming years through offering an unrivalled service to its customers, and significant investments have been made with this objective in mind. This report was approved by the board on 9 July 2026 and signed on its behalf.
B Bayer Director
Page 2
BROOKFIELD FARM (DORSET) LIMITED DIRECTORS' REPORT FOR THE YEAR ENDED 28 FEBRUARY 2026 The directors present their report and the financial statements for the year ended 28 February 2026.
Directors' responsibilities statement
The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period. In preparing these financial statements, the directors are required to: ∙select suitable accounting policies for the Company's financial statements and then apply them consistently; ∙make judgments and accounting estimates that are reasonable and prudent; ∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Results and dividends
The profit for the year, after taxation, amounted to £947,849 (2025 - £725,270). During the year dividends of £426,000 (2024 - £426,500) were declared. The directors do not recommend the payment of a final dividend.
Directors
The directors who served during the year were:
Ben Bayer
Leila Bayer
Adam McGuinness
Daniel Park
David Bayer
Page 3
BROOKFIELD FARM (DORSET) LIMITED DIRECTORS' REPORT (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026
Disclosure of information to auditor
Each of the persons who are directors at the time when this Directors' report is approved has confirmed that: ∙so far as the director is aware, there is no relevant audit information of which the Company's auditor is unaware, and ∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditor is aware of that information.
Auditor
The auditor, Barnes Roffe Audit Limited, will be proposed for reappointment in accordance with section 485 of the Companies Act 2006. This report was approved by the board on 9 July 2026 and signed on its behalf.
B Bayer Director
Page 4
BROOKFIELD FARM (DORSET) LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BROOKFIELD FARM (DORSET) LIMITED
Opinion
We have audited the financial statements of Brookfield Farm (Dorset) Limited (the 'Company') for the year ended 28 February 2026, which comprise the Statement of comprehensive income, the Analysis of net debt, the Balance sheet, the Statement of cash flows, the Statement of changes in equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements: ∙give a true and fair view of the state of the Company's affairs as at 28 February 2026 and of its profit for the year then ended; ∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and ∙have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. Page 5
BROOKFIELD FARM (DORSET) LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BROOKFIELD FARM (DORSET) LIMITED (CONTINUED)
Other information
The other information comprises the information included in the Annual Report other than the financial statements and our Auditor's report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit: ∙the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and ∙the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: ∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or ∙the financial statements are not in agreement with the accounting records and returns; or ∙certain disclosures of directors' remuneration specified by law are not made; or ∙we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the Directors' responsibilities statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so. Page 6
BROOKFIELD FARM (DORSET) LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BROOKFIELD FARM (DORSET) LIMITED (CONTINUED)
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with law and regulations, was as follows: ∙The engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; ∙We identified the laws and regulations applicable to the Company through discussion with directors and other management, and from our commercial knowledge and experience of the relevant sector; ∙The specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, are as follows: °Companies Act 2006. °FRS102. °Health and Safety legislation ∙We assessed the extent of compliance with the laws and regulations identified above through making enquiries of management, reviewing board minutes and inspecting legal correspondence; and ∙Laws and regulations were communicated within the audit team at the planning meeting, and during the audit as any further laws and regulation were identified. We assessed the susceptibility of the Company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur by: ∙Making enquires of management as to where they consider there was susceptibility to fraud, their knowledge of actual suspected and alleged fraud; ∙Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; ∙Reviewing the financial statements and testing the disclosures against supporting documentation; ∙Performing analytical procedures to identify any unusual or unexpected trends or anomalies; ∙Inspecting and testing journal entries to identify unusual or unexpected transactions; ∙Assessing whether judgements and assumptions made in determining significant accounting estimates, including stock obsolescence, depreciation and bad debt provision were indicative of management bias; and ∙Investigating the rationale behind significant transactions, or transactions that are unusual or outside the Company’s usual course of business. Page 7
BROOKFIELD FARM (DORSET) LIMITED INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BROOKFIELD FARM (DORSET) LIMITED (CONTINUED) Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditor's report.
Use of our report
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed. Selven Iyaroo (Senior statutory auditor) for and on behalf of Barnes Roffe Audit Limited Chartered Accountants Statutory Auditor Leytonstone House 3 Hanbury Drive London E11 1GA 9 July 2026 Page 8
BROOKFIELD FARM (DORSET) LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 28 FEBRUARY 2026
| 2026 | 2025
Note | £ | £
Turnover | 4 | 38,222,663 | 22,906,058
Cost of sales |  | (35,641,647) | (21,261,503)
Gross profit |  | 2,581,016 | 1,644,555
Administrative expenses |  | (1,303,781) | (654,622)
Other operating income | 5 | 16,921 | 6,608
Fair value movements |  | 116,719 | -
Operating profit | 6 | 1,410,875 | 996,541
Interest receivable and similar income | 9 | 15,219 | 14,394
Interest payable and similar expenses | 10 | (76,235) | (17,078)
Profit before tax |  | 1,349,859 | 993,857
Tax on profit | 11 | (402,010) | (268,587)
Profit for the financial year |  | 947,849 | 725,270
Total comprehensive income for the year |  | 947,849 | 725,270
There were no recognised gains and losses for 2026 or 2025 other than those included in the statement of comprehensive income.
The notes on pages 16 to 32 form part of these financial statements.
Page 9
BROOKFIELD FARM (DORSET) LIMITED REGISTERED NUMBER: 07282233 BALANCE SHEET AS AT 28 FEBRUARY 2026
|  |  |  | As restated
|  | 2026 |  | 2025
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 13 |  | 755,753 |  | 320,788
Investment property |  |  | 570,000 |  | 453,281
|  |  | 1,325,753 |  | 774,069
Current assets |  |  |  |  |
Stocks | 15 | 650,960 |  | 52,237 |
Debtors: amounts falling due within one year | 16 | 5,517,368 |  | 4,300,973 |
Cash at bank and in hand | 17 | 119,793 |  | 111,623 |
|  | 6,288,121 |  | 4,464,833 |
Creditors: amounts falling due within one year | 18 | (4,831,613) |  | (3,190,747) |
Net current assets |  |  | 1,456,508 |  | 1,274,086
Total assets less current liabilities |  |  | 2,782,261 |  | 2,048,155
Creditors: amounts falling due after more than one year |  |  | (23,104) |  | -
Provisions for liabilities |  |  |  |  |
Deferred tax |  |  | (188,223) |  | -
Net assets |  |  | 2,570,934 |  | 2,048,155
Capital and reserves |  |  |  |  |
Called up share capital | 22 |  | 3,750 |  | 210
Revaluation reserve | 23 |  | 116,719 |  | -
Profit and loss account | 23 |  | 2,450,465 |  | 2,047,945
|  |  | 2,570,934 |  | 2,048,155
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 July 2026.
B Bayer
Director
The notes on pages 16 to 32 form part of these financial statements. Page 10

|  | BROOKFIELD FARM (DORSET) LIMITED |
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 28 FEBRUARY 2026
|  | Called up share capital | Revaluation reserve | Profit and loss account | Total equity
|  | £ | £ | £ | £
| At 1 March 2025 (as previously stated) | 210 | - | 2,260,945 | 2,261,155
| Prior year adjustment - Note 24 | - | - | (213,000) | (213,000)
| At 1 March 2025 (as restated) | 210 | - | 2,047,945 | 2,048,155
| Profit for the year | - | - | 947,849 | 947,849
| Dividends: Equity capital | - | - | (426,000) | (426,000)
| Bonus issue | - | - | (2,610) | (2,610)
| Shares issued during the year | 3,540 | - | - | 3,540
| Transfer to/from profit and loss account | - | 116,719 | (116,719) | -
| Total transactions with owners | 3,540 | 116,719 | (545,329) | (425,070)
| At 28 February 2026 | 3,750 | 116,719 | 2,450,465 | 2,570,934
| The notes on pages 16 to 32 form part of these financial statements.
Page 11

|  | BROOKFIELD FARM (DORSET) LIMITED |
STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 28 FEBRUARY 2025
|  | Called up share capital | Profit and loss account | Total equity
|  | £ | £ | £
| At 1 March 2024 | 200 | 1,749,175 | 1,749,375
| Profit for the year | - | 725,270 | 725,270
| Dividends: Equity capital | - | (426,500) | (426,500)
| Shares issued during the year | 10 | - | 10
| Total transactions with owners | 10 | (426,500) | (426,490)
| At 28 February 2025 | 210 | 2,047,945 | 2,048,155
| The notes on pages 16 to 32 form part of these financial statements.
Page 12

BROOKFIELD FARM (DORSET) LIMITED STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 28 FEBRUARY 2026
|  |  | 2026 | 2025
|  |  | £ | £
Cash flows from operating activities |  |
Profit for the financial year | 947,849 | 725,270
Adjustments for: |  |
Depreciation of tangible assets | 55,924 | 35,997
Loss on disposal of tangible assets | (14,250) | (366)
Interest paid | 76,235 | 17,078
Interest received | (15,219) | (14,394)
Taxation charge | 402,010 | 268,587
(Increase) in stocks | (598,723) | (15,016)
(Increase) in debtors | (1,216,395) | (2,200,964)
Increase in creditors | 811,297 | 1,568,889
Net fair value (gains)/losses recognised in P&L | (116,719) | -
Corporation tax (paid) | (458,405) | (179,638)
Net cash generated from operating activities | (126,396) | 205,443
Cash flows from investing activities |  |
Purchase of tangible fixed assets | (490,889) | (55,052)
Sale of tangible fixed assets | 14,250 | 140,835
Interest received | 15,219 | 14,394
Net cash from investing activities | (461,420) | 100,177
Cash flows from financing activities |  |
Issue of ordinary shares | 930 | 10
Repayment of/new finance leases | 30,988 | -
Movements on invoice discounting | 1,066,303 | -
Dividends paid | (426,000) | (213,500)
Interest paid | (76,235) | (17,078)
Net cash used in financing activities | 595,986 | (230,568)
Page 13
BROOKFIELD FARM (DORSET) LIMITED STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 28 FEBRUARY 2026
|  | 2026 | 2025
|  | £ | £
Net increase in cash and cash equivalents | 8,170 | 75,052
Cash and cash equivalents at beginning of year | 111,623 | 36,571
Cash and cash equivalents at the end of year | 119,793 | 111,623
Cash and cash equivalents at the end of year comprise: |  |
Cash at bank and in hand | 119,793 | 111,623
| 119,793 | 111,623
The notes on pages 16 to 32 form part of these financial statements.
Page 14
BROOKFIELD FARM (DORSET) LIMITED ANALYSIS OF NET DEBT FOR THE YEAR ENDED 28 FEBRUARY 2026
| At 1 March 2025 | Cash flows | New finance leases | At 28 February 2026
| £ | £ | £ | £
Cash at bank and in hand | 111,623 | 8,170 | - | 119,793
Debt due within 1 year | 711,092 | (711,922) | - | (830)
Finance leases | - | - | (30,988) | (30,988)
| 822,715 | (703,752) | (30,988) | 87,975
The notes on pages 16 to 32 form part of these financial statements.
Page 15
BROOKFIELD FARM (DORSET) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
1. | General information
Brookfield Farm (Dorset) Limited ("the Company") is a private company limited by shares and incorporated in England and Wales. The address of its registered office is Leytonstone House, 3 Hanbury Drive, London, E11 1GA. The principal activity is the wholesale of meat products, as well as farming and property investment. 2.Accounting policies
| 2.1 | Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3). The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Sale of goods Revenue from the sale of goods is recognised when all of the following conditions are satisfied: ∙the Company has transferred the significant risks and rewards of ownership to the buyer; ∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold; ∙the amount of revenue can be measured reliably; ∙it is probable that the Company will receive the consideration due under the transaction; and ∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.
| 2.3 | Operating leases: the Company as lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term. Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
| 2.4 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 16
BROOKFIELD FARM (DORSET) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 2.Accounting policies (continued)
| 2.5 | Finance costs
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
| 2.6 | Pensions
Defined contribution pension plan The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations. The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.
| 2.7 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Page 17
BROOKFIELD FARM (DORSET) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 2.Accounting policies (continued)
| 2.8 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Long-term leasehold property | - | 5% straight line
|  |  |  | Short-term leasehold property | - | 5% straight line
|  |  |  | Plant and machinery | - | 20% straight line
|  |  |  | Motor vehicles | - | 20% straight line
|  |  |  | Office equipment | - | 20% straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.9 | Revaluation of tangible fixed assets
Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date. Fair values are determined from market based evidence normally undertaken by professionally qualified valuers. Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.
| 2.10 | Investment property
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss. Page 18
BROOKFIELD FARM (DORSET) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 2.Accounting policies (continued)
| 2.11 | Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads. At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.
| 2.12 | Debtors
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
| 2.13 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. In the Statement of cash flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.
| 2.14 | Creditors
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
| 2.15 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.16 | 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 Balance sheet when the Company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Page 19
BROOKFIELD FARM (DORSET) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 2.Accounting policies (continued)
| 2.16 | Financial instruments (continued)
Basic financial assets Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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. Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments. Impairment of financial assets At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss. Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate. Page 20
BROOKFIELD FARM (DORSET) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 2.Accounting policies (continued)
| 2.16 | Financial instruments (continued)
If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss. Basic financial liabilities Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities. Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial. Debt instruments are subsequently carried at their amortised cost using the effective interest rate method. Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
| 2.17 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting. Page 21
BROOKFIELD FARM (DORSET) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
3. | Judgments in applying accounting policies and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make certain judgments, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from the estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. In preparing these financial statements, the directors have made the following judgments and estimates: (a) Tangible fixed assets Tangible fixed assets are depreciated over the useful lives, taking into account residual values where appropriate. Net book value of tangible fixed assets at the year end was £755,753 (2025 - £320,788). The key judgement is the useful economic life of the asset and whether any impairment should be recognised. (b) Investment property Investment property is stated at fair value in the financial statements. The fair value as at the year end was £570,000 (2025: £453,281). This was determined based on a valuation performed by management with reference to an independent valuer. The valuation incorporates assumptions relating to market conditions and comparable property values. As a result, the valuation of investment property is considered a key source of estimation uncertainty within the financial statements.
4. | Turnover
| An analysis of turnover by class of business is as follows:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Sale of goods | 38,222,663 | 22,906,058
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| United Kingdom | 38,222,663 | 22,906,058
Page 22
BROOKFIELD FARM (DORSET) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
5. | Other operating income
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Net rents receivable | 16,921 | 6,608
6. | Operating profit
| The operating profit is stated after charging:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Depreciation | 55,924 | 35,997
| Other operating lease rentals | 32,367 | 24,200
| Profit on disposal of fixed assets | (14,250) | (366)
7. | Auditor's remuneration
| During the year, the Company obtained the following services from the Company's auditor:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Fees payable to the Company's auditor for the audit of the Company's financial statements | 20,000 | -
Page 23
BROOKFIELD FARM (DORSET) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
8. | Employees
| Staff costs were as follows:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Wages and salaries | 519,315 | 322,751
| Social security costs | 59,415 | 23,087
| Cost of defined contribution scheme | 13,453 | 4,755
|  | 592,183 | 350,593
| The average monthly number of employees, including the directors, during the year was as follows:
|  |  | 2026 | 2025
|  |  | No. | No.
|  | Average number of employees | 10 | 7
9. | Interest receivable and similar income
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Other interest receivable | 15,219 | 14,394
10. | Interest payable and similar expenses
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Bank interest payable | 76,235 | 17,078
Page 24
BROOKFIELD FARM (DORSET) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
11. | Taxation
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Corporation tax |  |
| Current tax on profits for the year | 213,787 | 268,587
| Total current tax | 213,787 | 268,587
| Deferred tax |  |
| Origination and reversal of timing differences | 188,223 | -
| Total deferred tax | 188,223 | -
| Tax on profit | 402,010 | 268,587
| Factors affecting tax charge for the year
| The tax assessed for the year is higher than (2025 - higher than) the standard rate of corporation tax in the UK of 25% (2025 - 25%). The differences are explained below:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Profit on ordinary activities before tax | 1,349,859 | 993,857
| Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2025 - 25%) | 337,465 | 248,464
| Effects of: |  |
| Expenses not deductible for tax purposes, other than goodwill amortisation and impairment | 21,397 | 4,752
| Capital allowances for year in excess of depreciation | (99,631) | 15,371
| Non-taxable income | (45,444) | -
| Deferred tax movement in the period | 188,223 | -
| Total tax charge for the year | 402,010 | 268,587
| Factors that may affect future tax charges
The Company has capital losses totalling £185,897 (2024 - £185,897) available for offset against future capital gains. Page 25
BROOKFIELD FARM (DORSET) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
12. | Dividends
|  |  |  |  |  | As restated
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Dividends | 426,000 | 426,500
13. | Tangible fixed assets
|  | Long-term leasehold property | Short-term leasehold property | Plant and machinery | Motor vehicles | Office equipment | Total
|  | £ | £ | £ | £ | £ | £
| Cost or valuation |  |  |  |  |  |
| At 1 March 2025 | - | 479,259 | 251,180 | 82,260 | 10,667 | 823,366
| Additions | 426,807 | - | 25,353 | 34,895 | 3,834 | 490,889
| Disposals | - | - | (6,078) | (35,662) | - | (41,740)
| At 28 February 2026 | 426,807 | 479,259 | 270,455 | 81,493 | 14,501 | 1,272,515
| Depreciation |  |  |  |  |  |
| At 1 March 2025 | - | 219,192 | 244,861 | 36,438 | 2,087 | 502,578
| Charge for the year on owned assets | 14,184 | 23,963 | 4,711 | 10,483 | 2,583 | 55,924
| Disposals | - | - | (6,078) | (35,662) | - | (41,740)
| At 28 February 2026 | 14,184 | 243,155 | 243,494 | 11,259 | 4,670 | 516,762
| Net book value |  |  |  |  |  |
| At 28 February 2026 | 412,623 | 236,104 | 26,961 | 70,234 | 9,831 | 755,753
| At 28 February 2025 | - | 260,067 | 6,319 | 45,822 | 8,580 | 320,788
Page 26
BROOKFIELD FARM (DORSET) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026 13.Tangible fixed assets (continued)
| The net book value of land and buildings may be further analysed as follows:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Long leasehold | 412,623 | -
| Short leasehold | 236,104 | 260,067
|  | 648,727 | 260,067
| The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Motor vehicles | 33,732 | -
14. | Investment property
|  | Freehold investment property
|  | £
| Valuation |
| At 1 March 2025 | 453,281
| Surplus on revaluation | 116,719
| At 28 February 2026 | 570,000
| The directors were assisted by Hearnes Estate Agents to carry out the 2026 valuations of the freehold investment property, at an open market value for existing use basis. No depreciation is charged against this asset class.
15. | Stocks
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Raw materials and consumables | 650,960 | 52,237
| Stock recognised in cost of sales during the year as an expense was £35,483,184 (2025 - £21,200,879).
Page 27
BROOKFIELD FARM (DORSET) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
16. | Debtors
|  |  |  |  |  | As restated
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Trade debtors | 3,822,326 | 2,798,960
| Other debtors | 1,586,649 | 1,408,311
| Prepayments and accrued income | 108,393 | 93,702
|  | 5,517,368 | 4,300,973
17. | Cash and cash equivalents
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Cash at bank and in hand | 119,793 | 111,623
18. | Creditors: Amounts falling due within one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Trade creditors | 2,982,226 | 2,006,370
| Corporation tax | 23,925 | 268,543
| Other taxation and social security | 35,706 | -
| Obligations under finance lease and hire purchase contracts | 7,884 | -
| Amounts due to invoice financing company | 1,638,919 | 572,616
| Other creditors | 26,925 | 220,067
| Accruals and deferred income | 116,028 | 123,151
|  | 4,831,613 | 3,190,747
19. | Creditors: Amounts falling due after more than one year
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Net obligations under finance leases and hire purchase contracts | 23,104 | -
Page 28
BROOKFIELD FARM (DORSET) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
20. | Hire purchase and finance leases
| Minimum lease payments under hire purchase fall due as follows:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Within one year | 7,884 | -
| Between 1-5 years | 23,104 | -
|  | 30,988 | -
21. | Deferred taxation
|  | 2026
|  | £
| Charged to profit or loss | (188,223)
| At end of year | (188,223)
| The deferred taxation balance is made up as follows:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Accelerated capital allowances | (188,223) | -
|  | (188,223) | -
Page 29
BROOKFIELD FARM (DORSET) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
22. | Share capital
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 240 (2025 - 24) Ordinary A shares of £1.00 each | 240 | 24
|  | 760 (2025 - 76) Ordinary B shares of £1.00 each | 760 | 76
|  | 1,000 (2025 - 100) Ordinary C shares of £1.00 each | 1,000 | 100
|  | 450 (2025 - 10) Ordinary D shares of £1.00 each | 450 | 10
|  | 450 (2025 - Nil) Ordinary E shares of £1.00 each | 450 | -
|  | 850 (2025 - Nil) Ordinary G shares of £1.00 each | 850 | -
|  |  | 3,750 | 210
During the year, the Company redesignated the 10 Ordinary D £1.00 shares as 5 Ordinary D £1.00 shares and 5 Ordinary E £1.00 shares. Post this resolution, the company issued an additional 40 Ordinary D £1.00 shares and 40 Ordinary E £1.00 shares. Following the above share issues, the Company issued bonus shares for the following shares: - 9 Ordinary A £1.00 shares for every Ordinary A £1.00 share held in the Company, - 9 Ordinary B £1.00 shares for every Ordinary B £1.00 share held in the Company, - 9 Ordinary C £1.00 shares for every Ordinary C £1.00 share held in the Company, - 9 Ordinary D £1.00 shares for every Ordinary D £1.00 share held in the Company, - 9 Ordinary E £1.00 shares for every Ordinary E £1.00 share held in the Company, Following the bonus share issue in the period, the Company issued 850 Ordinary G £1.00 shares.
23. | Reserves
Revaluation reserve The revaluation reserve represents the cumulative net increase in the fair value of investment property arising from periodic revaluations, in accordance with the company’s accounting policy. Increases are credited to the reserve unless they reverse a revaluation decrease of the same asset previously recognised in profit or loss. Decreases are charged against the reserve to the extent that they relate to a previous revaluation surplus for the same asset. The reserve is not distributable and may be transferred to retained earnings upon disposal of the revalued asset. Profit and loss account This reserve includes all current and prior period retained profits and losses net of dividends paid and other adjustments which are considered distributable. Page 30
BROOKFIELD FARM (DORSET) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
24. | Prior year adjustment
During the year, the company identified that dividends amounting to £213,000 relating to the prior financial year had not been recorded in the financial statements. These dividends should have been recognised as distributions to shareholders in the prior period. As a result, the comparative figures have been restated to correct this error. The impact of the adjustment is to reduce other debtors at 28 February 2025 by £213,000 and to reduce profit available for distribution in the prior year by the same amount. The adjustment has no impact on profit for the current year.
25. | Pension commitments
The Company operates a defined contributions 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 £13,453 (2025 - £4,755). Contributions totalling £5,708 (2025 - £827) were payable to the fund at the balance sheet date.
26. | Commitments under operating leases
| At 28 February 2026 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
|  |  |  |  | 2026 | 2025
|  |  |  |  | £ | £
| Not later than 1 year | 102,833 | -
| Later than 1 year and not later than 5 years | 387,407 | -
|  | 490,240 | -
27. | Transactions with directors
| During the year, the directors had advances from the Company as follows:
|  | 2026 | 2025
|  | £ | £
| Balance brought forward owed by the directors | 711,092 | 225,945
| Amounts advanced | 42,000 | 1,093,788
| Amounts repaid | (761,235) | (619,630)
| Interest charged | 7,313 | 10,989
|  | (830) | 711,092
| During the year, interest was charged on overdrawn balances at HMRC's official rate of interest.
Page 31
BROOKFIELD FARM (DORSET) LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2026
28. | Related party transactions
| Transaction with directors During the year, the Company paid rent of £11,000 (2025 - £11,000) to directors. During the year, the Company paid rent of £8,167 (2025 - £Nil) to a pension fund of directors. Transactions with companies with directors in common At the year end, the Company was owed £1,379,150 (2025 - £346,969) by companies with directors in common. Transactions with companies jointly controlled by the Company's controlling parties At the year end, the Company was owed £149,311 (2025 - £123,857) by companies jointly controlled by the Company's controlling parties.
29. | Controlling party
The ultimate controlling parties are Ben and Leila Bayer by virtue of their joint controlling share ownership.
Page 32