ACCOUNTS - Final Accounts

An analysis of turnover by class of business is as follows:

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.

	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

Depreciation	55,924	35,997
Other operating lease rentals	32,367	24,200
Profit on disposal of fixed assets	(14,250)	(366)

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

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

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

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

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

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.

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