Registration number:
|
Godstone Farm Limited
|
|
Brebners
|
Godstone Farm Limited
Contents
|
Company Information |
|
|
Strategic Report |
|
|
Directors' Report |
|
|
Statement of Directors' Responsibilities |
|
|
Independent Auditor's Report |
|
|
Statement of Income and Retained Earnings |
|
|
Statement of Financial Position |
|
|
Notes to the Financial Statements |
Godstone Farm Limited
Company Information
|
Directors |
Mrs J M Flaherty Mrs S C Jackson Ms S M Kelman Ms N Henderson |
|
Registered office |
|
|
Auditor |
|
Godstone Farm Limited
Strategic Report for the Year Ended 30 November 2025
The directors present their strategic report for the year ended 30 November 2025.
Principal activity
The principal activity of the company is that of the operation of a children's farm attraction.
Fair review of the business
At Godstone Farm visitors can enjoy viewing approximately 500 animals and experience both indoor and outdoor play areas, alongside regular seasonal events. The operation consists of a primary revenue stream through entrance tickets and secondary revenues from food & beverage, retail and specific event sales. Godstone Farm Limited's turnover for the year ended 30 November 2025 amounted to £4.25m, this follows ongoing investment following the business’ growth strategy.
In June 2023 Godstone Farm opened Surrey’s largest indoor play centre together with a new shop & entrance and a new animal barn. We saw the ongoing impact on visitor numbers of this new attraction through the success of our Pre-School season passes which draw visitors to the farm during traditionally quieter periods and colder, wetter mid-week days.
The Directors are pleased to note the overall turnover of Godstone Farm Limited has increased from £3.7m to £4.2m (+14%) year on year and the forecasts indicate that the business will continue to see steady growth. However EBITDA hasn’t grown at the same rate and EBITDA conversion has dropped to 29%. This is still considered to be good for the industry and compares positively to other farm parks but disappointing compared to previous years. Employment costs increased by £250k (+19%) year on year largely driven by 10% increase in the minimum wage, increases to Employers National Insurance rates and reduction of the lower threshold bringing more of our part-time staff into scope of NI. We spent nearly 50% more on marketing activities, largely on digital channels including adding TikTok to our activities. Business rates increased significantly in the year due to the reduction in discount introduced after COVID. This continues to be an area of challenge in 2026 with rateable values having been increased and farm parks being excluded from the Chancellor’s favourable treatment of other hospitality businesses.
Despite these challenges the Directors are still very satisfied with the performance of the company and look ahead positively to continued growth through finetuning the commerciality of Godstone Farm. The Directors monitor key non-financial performance indicators and were delighted to see year end customer satisfaction scores sitting at 8.6 /10 which is a strong performance within the context of the industry and shows year on year improvement.
The company's key financial and other performance indicators during the year were as follows:
|
Financial KPIs |
Unit |
2025 |
2024 |
|
Turnover |
£000's |
4,248 |
3,729 |
|
Gross Profit Margin |
% |
58 |
59 |
|
Net Profit |
£000's |
688 |
1,064 |
|
Net Profit Margin |
% |
16 |
29 |
Godstone Farm Limited
Strategic Report for the Year Ended 30 November 2025
Principal risks and uncertainties
The management of the business and the execution of the company’s strategy are subject to a number of risks.
The key business risks and uncertainties affecting the company are considered to relate to the current cost of living crisis, rising competition in the local area and potential outbreaks of zoonotic diseases.
The company’s principal financial instruments comprise of bank balances, trade creditors and trade debtors. The main purpose of these instruments is to finance the company operations and, together with the retention of profits, to provide the necessary funding for growth.
Trade debtors are managed in respect of credit and cashflow risk by policies concerning the credit offered to clients and the regular monitoring of amounts outstanding for both time and credit limits.
Trade creditors liquidity risk is managed by ensuring that sufficient funds are available to meet amounts due.
Operational Risk
Operational risk is caused by failures in business processes or the systems or physical infrastructure that support them that have the potential to result in financial loss or reputation damage. This includes errors, omissions, systems failure, lack of resources or physical assets and deliberate acts such as fraud.
The directors impose continuing self assessment and appraisals along with continually seeking to improve its operating efficiencies and standards. The directors endeavour to limit cost increases wherever possible and actively negotiate best terms with their major suppliers. The company governs its own price risk based on the directors' expectations for the company.
Credit Risk
Credit risk is the risk that counter-parties will not be able to meet their obligations as they fall due. The company closely monitors outstanding debts from all sources resulting in minimal exposure.
Market Risk
Although the directors are aware that the business may have some exposure to the current climate, the directors feel their reputation and position in the South East ensures it is not exposed to significant market risk.
Foreign Currency Risk
As the company only deals in sterling it is not exposed to foreign currency risk.
Risk Summary
The directors continuously monitor and respond to changes in the company's risk environment, so ensuring that the company remains well placed to address operational, reputational, financial and business risks in a timely and appropriate manner.
Godstone Farm Limited
Strategic Report for the Year Ended 30 November 2025
Future Developments
The business continues to invest in repairs and maintenance across the farm attraction to ensure it can stay ahead of competition. The business also continues to cement its “breadth of offer messaging” through marketing campaigns, this showcases its wide variety of activities both indoor and outdoors with the intention of driving future increases in footfall during shoulder periods such as winter months and term time, and through our successful seasonal events. In 2026 we are continuing to focus on our outdoor play area, this will include adding new play features, and we have already opened our new food & beverage outlet. We have added additional camping dates for this summer following the construction of new toilets and showers at the top of the play last year.
Approved by the
.........................................
Director
Godstone Farm Limited
Directors' Report for the Year Ended 30 November 2025
The directors present their report and the financial statements for the year ended 30 November 2025.
Directors of the company
The directors who held office during the year were as follows:
Dividends
No interim dividends were paid during the year (2024: £Nil). No final dividend is proposed.
Information included in the Strategic Report
The company has chosen in accordance with section 414C(11) Companies Act 2006 to set out in the company's strategic report information required by Schedule 7 of the large and medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 to be contained in the directors' report. It has done so in respect of financial risk management, exposure and future developments.
Directors' liabilities
The company has purchased Directors' and Officers' liability insurance for Directors and Officers as permitted by section 233 of the Companies Act 2006.
Disclosure of information to the auditor
Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.
Approved by the director on
.........................................
Mrs J M Flaherty
Director
Godstone Farm Limited
Statement of Directors' Responsibilities
The directors acknowledge their responsibilities for preparing the Annual 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 United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). 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 and apply them consistently; |
|
• |
make judgements and accounting estimates that are reasonable and prudent; |
|
• |
state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
|
• |
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 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.
Godstone Farm Limited
Independent Auditor's Report to the Members of Godstone Farm Limited
for the Year Ended 30 November 2025
Opinion
We have audited the financial statements of Godstone Farm Limited (the 'company') for the year ended 30 November 2025, which comprise the Statement of Income and Retained Earnings, Statement of Financial Position, and Notes to the Financial Statements, 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, except for the possible effects of the matter described in the basis for qualified opinion section of our report, the financial statements:
• | give a true and fair view of the state of the company's affairs as at 30 November 2025 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 qualified opinion on financial statements
We were not appointed as auditor of the company until after 30 November 2022 and thus we did not observe the counting of physical inventories at the end of that year. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 30 November 2022 which are included in the statement of financial position of £78,868 by using other audit procedures. Consequently we were unable to determine whether there was any consequential effect on the cost of sales and therefore the result for the period ended 30 November 2022. Our audit opinion on the current period's financial statements is modified because of the possible effect of this matter on the comparability of the current period's figure and the corresponding period.
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 UK, including the FRC’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 qualified 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 original financial statements were 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.
Other information
The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. 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.
Godstone Farm Limited
Independent Auditor's Report to the Members of Godstone Farm Limited
for the Year Ended 30 November 2025
In connection with our audit of the financial statements, 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 audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. 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.
Opinions on other matters prescribed by the Companies Act 2006
Except for the possible effect of the matter described in the basis for qualified opinion section of our report, in our opinion, based on the work undertaken in the course of the audit:
|
• |
the information given in the Strategic Report and Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
|
• |
the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
Matters on which we are required to report by exception
In light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatement in the Strategic Report and Directors' Report.
We have nothing to report in respect of the following matters where 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 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 Statement of Directors' Responsibilities (set out on page 6), 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.
Godstone Farm Limited
Independent Auditor's Report to the Members of Godstone Farm Limited
for the Year Ended 30 November 2025
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:
Based on our understanding of the company and the industry in which it operates, we determined that the principal risks of non-compliance with laws and regulations related to the reporting framework (FRS 102 and the Companies Act 2006) and UK corporate taxation laws and environmental legislation, health and safety legislation, anti-bribery legislation and data protection legislation. These risks were communicated to our audit team and we remained alert to any indications of non-compliance throughout our audit.
We understood how the company is complying with relevant legislation by making enquiries of management and those responsible for legal and compliance procedures. We also considered the results of our audit procedures and to what extent these corroborate this understanding and assessed the susceptibility of the company’s financial statements to material misstatement. This included consideration of how fraud might occur and evaluation of management’s incentives and opportunities for fraudulent manipulation of the financial statements.
We designed our audit procedures to identify any non-compliance with laws and regulations. Such procedures included, but were not limited to, inspection of any regulatory or legal correspondence; challenging assumptions and judgements made by management; identifying and testing journal entries with a focus on large or unusual transactions as determined based on our understanding of the business; and identifying and assessing the effectiveness of controls in place to prevent and detect fraud.
Owing to the inherent limitations of an audit, there remains a risk that a material misstatement may not have been detected, even though we have properly planned and performed our audit in accordance with auditing standards. We are not responsible for preventing non-compliance with laws and regulations and cannot be expected to detect all instances of non-compliance.
The primary responsibility for the detection and prevention of fraud rests with those responsible for governance and management. The further removed non-compliance with laws and regulations is from the events reflected in the financial statements, the less likely the auditor will become aware of it.
The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment, collusion, omission, misrepresentation or forgery.
Godstone Farm Limited
Independent Auditor's Report to the Members of Godstone Farm Limited
for the Year Ended 30 November 2025
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.
......................................
For and on behalf of
1 Suffolk Way
TN13 1YL
Godstone Farm Limited
Statement of Income and Retained Earnings for the Year Ended 30 November 2025
|
Note |
2025 |
2024 |
|
|
Turnover |
|
|
|
|
Cost of sales |
( |
( |
|
|
Gross profit |
|
|
|
|
Administrative expenses |
( |
( |
|
|
Operating profit |
|
|
|
|
Other interest receivable and similar income |
|
|
|
|
28,328 |
3,355 |
||
|
Profit before tax |
|
|
|
|
Taxation |
( |
( |
|
|
Profit for the financial year |
|
|
|
|
Retained earnings brought forward |
3,973,866 |
3,146,832 |
|
|
Retained earnings carried forward |
4,489,266 |
3,973,866 |
Godstone Farm Limited
Statement of Financial Position as at 30 November 2025
|
Note |
2025 |
2024 |
|
|
Fixed assets |
|||
|
Tangible assets |
|
|
|
|
Investment property |
|
|
|
|
|
|
||
|
Current assets |
|||
|
Stocks |
|
|
|
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current liabilities |
( |
( |
|
|
Total assets less current liabilities |
|
|
|
|
Provisions for liabilities |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
50 |
50 |
|
|
Capital redemption reserve |
50 |
50 |
|
|
Retained earnings |
4,489,266 |
3,973,866 |
|
|
Shareholders' funds |
4,489,366 |
3,973,966 |
Approved and authorised by the
......................................................................
Mrs J M Flaherty
Director
Company registration number: 08061273
Godstone Farm Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
|
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal activity of the company is that of the operation of a children's farm attraction.
|
Accounting policies |
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except any items disclosed in the accounting policies as being shown at fair value and are presented in sterling, which is the functional currency of the entity.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Summary of disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS102. Its financial statements are consolidated into the financial statements of WithinR Holdings Limited. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS102:
(a) No cash flow statement has been presented for the company.
(b) No disclosure has been made of financial instruments measured at fair value through profit or loss.
(c) No disclosure has been given for the aggregate remuneration of key management personnel.
Godstone Farm Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
Going concern
The company made a profit for the year ended 30 November 2025 and had net assets at that date amounting to £4,489,366 including cash at bank of £2,177,626. The company had net current liabilities at 30 November 2025 amounting to £3,756,594. At this date an amount of £5,328,243 was due to group undertakings who have confirmed they won't call for repayment until such time as the company has sufficient working capital. The company continues to trade profitably subsequent to 30 November 2025.
On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.
Judgements
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. |
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. Key assumptions and other estimation uncertainties provide a risk of causing a material adjustment to the carrying values of assets and liabilities. |
Judgements and estimates that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows: |
Tangible fixed assets are depreciated to their estimated residual values over their estimated useful lives. The company exercises judgement to determine these useful lives and residual values. |
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises turnover from entrance fees on the date of admission and from shop and café sales at the point of sale.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Godstone Farm Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than freehold land and properties under construction over their estimated useful lives, as follows:
|
Asset class |
Depreciation method and rate |
|
Plant & Machinery |
25% reducing balance |
|
Fixtures & Fittings |
20% straight line |
|
Freehold Buildings |
2% straight line |
Investment property
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Godstone Farm Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
Finance leases
Assets held under hire purchase contracts are capitalised at the lesser of fair value or present value of minimum lease payments in the statement of financial position. The present value of the minimum lease payments is calculated using the interest rate implicit in the lease. A corresponding liability is recognised at the same value in the statement of financial position. The asset is then depreciated over its useful life.
The minimum lease payments are apportioned between the finance charge recognised in the income statement and the reduction of the outstanding liability using the effective interest method. The finance charge in each period is allocated so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
|
Turnover |
The analysis of the company's turnover for the year from continuing operations is as follows:
|
2025 |
2024 |
|
|
Ticketing and retail outlet revenues |
|
|
|
Livestock sales |
|
|
|
Other revenues |
|
|
|
|
|
|
Other gains and losses |
The analysis of the company's other gains and losses for the year is as follows:
|
2025 |
2024 |
|
|
Gain/(loss) on disposal of property, plant and equipment |
( |
- |
|
Fair value adjustment on investment property |
- |
|
|
(44,082) |
349,900 |
Godstone Farm Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
|
Operating profit |
Arrived at after charging/(crediting)
|
2025 |
2024 |
|
|
Depreciation expense |
|
|
|
Loss on disposal of property, plant and equipment |
|
- |
|
Other interest receivable and similar income |
|
2025 |
2024 |
|
|
Interest income on bank deposits |
|
|
|
Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs |
|
|
|
Redundancy costs |
|
|
|
|
|
The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
|
2025 |
2024 |
|
|
Management |
|
|
|
Clerical |
|
|
|
Retail and catering |
|
|
|
Operations |
|
|
|
|
|
Godstone Farm Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
|
Directors' remuneration |
The directors' remuneration for the year was as follows:
|
2025 |
2024 |
|
|
Remuneration |
|
|
|
Contributions paid to money purchase schemes |
|
|
|
142,347 |
135,230 |
|
Auditor's remuneration |
|
2025 |
2024 |
|
|
Audit of the financial statements |
|
|
|
Other fees to auditors |
||
|
Taxation compliance services |
|
|
Godstone Farm Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
|
Taxation |
Tax charged/(credited) in the income statement
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
UK corporation tax adjustment to prior periods |
( |
- |
|
181,925 |
52,054 |
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
( |
|
|
Tax expense in the income statement |
|
|
The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK (2024 - lower than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
|
2025 |
2024 |
|
|
Profit before tax |
|
|
|
Corporation tax at standard rate |
|
|
|
Decrease for over-provision in prior periods |
( |
- |
|
Tax decrease from effect of capital allowances and depreciation |
- |
( |
|
Effect of expense not deductible in determining taxable profit |
|
|
|
Total tax charge |
|
|
Godstone Farm Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
Deferred tax
|
2025 |
Liability |
|
Accelerated capital allowances |
|
|
Fair value adjustments |
|
|
|
|
2024 |
Liability |
|
Accelerated capital allowances |
|
|
Fair value adjustments |
|
|
|
|
Tangible assets |
|
Freehold land and buildings |
Furniture, fittings and equipment |
Plant and equipment |
Total |
|
|
Cost or valuation |
||||
|
At 1 December 2024 |
|
|
|
|
|
Additions |
|
|
|
|
|
Disposals |
( |
- |
( |
( |
|
Transfers |
( |
|
- |
- |
|
At 30 November 2025 |
|
|
|
|
|
Depreciation |
||||
|
At 1 December 2024 |
|
|
|
|
|
Charge for the year |
|
|
|
|
|
Eliminated on disposal |
( |
- |
( |
( |
|
Transfers |
( |
|
- |
- |
|
At 30 November 2025 |
|
|
|
|
|
Carrying amount |
||||
|
At 30 November 2025 |
|
|
|
|
|
At 30 November 2024 |
|
|
|
|
Godstone Farm Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
|
Investment properties |
|
2025 |
|
|
Fair value |
|
|
At 1 December 2024 and 30 November 2025 |
|
The investment properties are included at fair value as estimated by the directors at 30 November 2025 at an amount of £700,000.
|
Stocks |
|
2025 |
2024 |
|
|
Stock |
|
|
|
Debtors |
|
2025 |
2024 |
|
|
Trade debtors |
|
|
|
Other debtors |
|
- |
|
Prepayments |
|
|
|
|
|
|
Cash and cash equivalents |
|
2025 |
2024 |
|
|
Cash on hand |
|
|
|
Cash at bank |
|
|
|
Short-term deposits |
|
|
|
|
|
Godstone Farm Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
|
Creditors |
|
2025 |
2024 |
|
|
Due within one year |
||
|
Trade creditors |
|
|
|
Amounts due to group undertakings |
|
|
|
Social security and other taxes |
|
|
|
Other payables |
|
|
|
Accruals |
|
|
|
Corporation tax liability |
181,534 |
52,054 |
|
|
|
|
Provisions for liabilities |
|
Deferred tax |
Total |
|
|
At 1 December 2024 |
|
|
|
Additional provisions |
( |
( |
|
At 30 November 2025 |
|
|
|
|
||
|
Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounts to £40,205 (2024: £16,480).
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
50 |
|
50 |
There are no restrictions on the repayment of capital or the distribution of dividends.
Godstone Farm Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
|
Reserves |
The amount included within the profit and loss accounts which is not distributable is £262,425 (2024: £262,425).
|
Related party transactions |
|
Transactions with directors |
During the year there were advances of £15,177 and repayments of £15,177. No interest was payable to the company and there were no set terms in place.
Summary of transactions with subsidiaries
|
Parent and ultimate parent undertaking |
The company's immediate and ultimate parent undertaking is WithinR Holdings Limited
The parent of the smallest and largest group in which the results of the company are included is WithinR Holdings Limited.
The registered address of WithinR Holdings Limited is 1 Suffolk Way, Sevenoaks, Kent, TN13 1YL
Ultimate control vests with