Registration number:
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WithinR Holdings Limited
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Brebners
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WithinR Holdings Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Statement of Directors' Responsibilities |
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Independent Auditor's Report |
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Consolidated Statement of Income and Retained Earnings |
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Consolidated Statement of Financial Position |
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Statement of Financial Position |
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Consolidated Statement of Changes in Equity |
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Consolidated Statement of Cash Flows |
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Notes to the Financial Statements |
WithinR Holdings Limited
Company Information
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Directors |
Mrs J M Flaherty Mr P D Flaherty |
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Registered office |
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Auditor |
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WithinR Holdings Limited
Strategic Report for the Year Ended 30 November 2025
The directors present their strategic report for the year ended 30 November 2025.
Fair review of the business
WithinR Holdings Limited is an investment holding company with two wholly owned subsidiaries, Godstone Farm Limited and Borderton Limited.
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 the group composing that 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 group and look ahead positively to continued growth through finetuning the commerciality of Godstone Farm. The growth in the nursery joint venture income has significantly helped the groups net profit for the year as it continues to be in high demand within the area, without the added profit share, the group net profit margin would have been 16.1% which reflects the difficult year with rising costs, particularly across wages and rates. 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.
Financial KPIs
The group's key financial and other performance indicators during the year were as follows:
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Unit |
2025 |
2024 |
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Turnover |
£000's |
4,248 |
3,749 |
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Gross Profit Margin |
% |
58 |
59 |
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Net Profit Before Tax |
£000's |
920 |
863 |
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Net Profit Margin |
% |
22 |
23 |
WithinR Holdings Limited
Strategic Report for the Year Ended 30 November 2025
Principal risks and uncertainties
The management of the business and the execution of the group’s strategy are subject to a number of risks.
The key business risks and uncertainties affecting the group are considered to relate to the current cost of living pressures, rising competition in the local area and potential outbreaks of zoonotic diseases.
The group’s principal financial instruments comprise bank balances and trade creditors. The main purpose of these instruments is to finance the group's operations and, together with the retention of profits, to provide the necessary funding for growth.
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 group governs its own price risk based on the directors' expectations for the group.
Credit risk
Credit risk is the risk that counter-parties will not be able to meet their obligations as they fall due. The group 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 group operates in the UK with minimal overseas purchases overseas it is not exposed to foreign currency risk.
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 area last year, providing us with higher capacity for camping bookings.
WithinR Holdings Limited
Strategic Report for the Year Ended 30 November 2025
Approved by the
.........................................
Director
WithinR Holdings Limited
Directors' Report for the Year Ended 30 November 2025
The directors present their report and the for the year ended 30 November 2025.
Directors of the group
The directors who held office during the year were as follows:
Dividends
No dividends were paid in 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 auditor is aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditor is unaware.
Approved by the
.........................................
Director
WithinR Holdings 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 group and the company and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:
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select suitable accounting policies and apply them consistently; |
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make judgements and accounting estimates that are reasonable and prudent; |
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and |
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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 and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. 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.
WithinR Holdings Limited
Independent Auditor's Report to the Members of
WithinR Holdings Limited
Opinion
We have audited the financial statements of WithinR Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 November 2025, which comprise the Consolidated Statement of Income and Retained Earnings, Consolidated Statement of Financial Position, Statement of Financial Position, Consolidated Statement of Changes in Equity, Consolidated Statement of Cash Flows, 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 the financial statements:
• | give a true and fair view of the state of the group's and the company's affairs as at 30 November 2025 and of the group's 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. |
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.
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.
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 group'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.
Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
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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 |
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the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements. |
WithinR Holdings Limited
Independent Auditor's Report to the Members of
WithinR Holdings Limited
Matters on which we are required to report by exception
In the light of our 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 and the Directors' Report.
Arising solely from the limitation of scope of our work relating to inventory referred to above:
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we have not obtained all the information and explanations that we consider necessary for the purposes of our audit, and |
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we were unable to determine whether adequate accounting records have been kept. |
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:
• | returns adequate for our audit have not been received from branches not visited by us; or |
• | the parent company 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.
Auditor 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.
WithinR Holdings Limited
Independent Auditor's Report to the Members of
WithinR Holdings Limited
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 Group 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, environmental legislation, health and safety legislation, anti-bribery legislation, data protection legislation and agricultural 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 Group 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.
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.
WithinR Holdings Limited
Independent Auditor's Report to the Members of
WithinR Holdings Limited
......................................
For and on behalf of
1 Suffolk Way
Kent
TN13 1YL
WithinR Holdings Limited
Consolidated Statement of Income and Retained Earnings for the Year Ended 30 November 2025
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Note |
2025 |
2024 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating profit |
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Other interest receivable and similar income |
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Share of profit of equity accounted investees |
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Profit before tax |
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Taxation |
( |
( |
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Profit for the financial year |
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Profit/(loss) attributable to: |
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Owners of the company |
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Retained earnings brought forward |
6,433,168 |
5,722,530 |
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Retained earnings carried forward |
7,181,681 |
6,433,168 |
WithinR Holdings Limited
Consolidated Statement of Financial Position as at 30 November 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Investments |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
2,500,000 |
2,500,000 |
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Capital redemption reserve |
50 |
50 |
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Other reserves |
52 |
52 |
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Retained earnings |
7,181,681 |
6,433,168 |
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Equity attributable to owners of the company |
9,681,783 |
8,933,270 |
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Shareholders' funds |
9,681,783 |
8,933,270 |
Approved and authorised by the
.........................................
Director
Company registration number: 12884487
WithinR Holdings Limited
Statement of Financial Position as at 30 November 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
2,500,000 |
2,500,000 |
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Retained earnings |
410,000 |
230,000 |
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Shareholders' funds |
2,910,000 |
2,730,000 |
The company made a profit after tax for the financial year of £180,000 (2024 - £130,00).
Approved and authorised by the
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Company registration number: 12884487
WithinR Holdings Limited
Consolidated Statement of Changes in Equity for the Year Ended 30 November 2025
Equity attributable to the parent company
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Share capital |
Capital redemption reserve |
Other reserves |
Retained earnings |
Total |
Total equity |
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At 1 December 2024 |
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Profit for the year |
- |
- |
- |
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At 30 November 2025 |
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Share capital |
Capital redemption reserve |
Other reserves |
Retained earnings |
Total |
Total equity |
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At 1 December 2023 |
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Profit for the year |
- |
- |
- |
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At 30 November 2024 |
2,500,000 |
50 |
52 |
6,433,168 |
8,933,270 |
8,933,270 |
WithinR Holdings Limited
Consolidated Statement of Cash Flows for the Year Ended 30 November 2025
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Note |
2025 |
2024 |
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Cash flows from operating activities |
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Profit for the year |
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Adjustments to cash flows from non-cash items |
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Depreciation and amortisation |
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Loss on disposal of tangible assets |
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- |
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Finance income |
( |
( |
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Share of profit/loss of equity accounted investees |
( |
( |
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Income tax expense |
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Working capital adjustments |
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Increase in stocks |
( |
( |
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Increase in trade and other debtors |
( |
( |
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Increase in trade and other creditors |
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Cash generated from operations |
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Income taxes paid |
( |
( |
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Net cash flow from operating activities |
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Cash flows from investing activities |
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Interest received |
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Acquisitions of tangible assets |
( |
( |
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Net cash flows from investing activities |
( |
( |
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Net increase in cash and cash equivalents |
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Cash and cash equivalents at 1 December |
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Cash and cash equivalents at 30 November |
2,177,628 |
1,198,454 |
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WithinR Holdings Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
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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 place of business is:
Godstone Farm
Tilburstow Hill Road
Godstone
Surrey
RH9 8LX
The principal activity of the group is that of the operation of a children's farm attraction.
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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.
Basis of consolidation
The consolidated financial statements consolidate the financial statements of the company and its subsidiary undertakings drawn up to 30 November each year.
WithinR Holdings Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
A subsidiary is an entity controlled by the company. Control is achieved where the company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities.
The results of subsidiaries acquired or disposed of during the year are included in the Income Statement from the effective date of acquisition or up to the effective date of disposal, as appropriate. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by the group.
The purchase method of accounting is used to account for business combinations that result in the acquisition of subsidiaries by the group. The cost of a business combination is measured as the fair value of the assets given, equity instruments issued and liabilities incurred or assumed at the date of exchange, plus costs directly attributable to the business combination. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. Any excess of the cost of the business combination over the acquirer’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities recognised is recorded as goodwill.
Inter-company transactions, balances and unrealised gains on transactions between the company and its subsidiaries, which are related parties, are eliminated in full.
Intra-group losses are also eliminated but may indicate an impairment that requires recognition in the consolidated financial statements.
Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the group. Non-controlling interests in the net assets of consolidated subsidiaries are identified separately from the group’s equity therein. Non-controlling interests consist of the amount of those interests at the date of the original business combination and the non-controlling shareholder’s share of changes in equity since the date of the combination.
Going concern
The group made a profit for the year ended 30 November 2025 and had net assets at that date amounting to £9,681,783 including cash at bank of £2,177,628.
The group has continued to trade profitably subsequent to 30 November 2025 and the groups cashflow forecasts show that the group has sufficient working capital for a period of at least 12 months from the date of approval of the financial statements.
On the basis of the above, and after making enquiries, the directors have a reasonable expectation that the group 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.
WithinR Holdings Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
Judgements and estimates
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 group's activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The group recognises turnover from entrance fees on the date of admission and from shop and catering 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 group operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the consolidated 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 land and properties under construction over their estimated useful lives, as follows:
WithinR Holdings Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
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Asset class |
Depreciation method and rate |
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Plant and equipment |
25% reducing balance |
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Furniture, fittings & equipment |
20% straight line |
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Freehold buildings |
2% straight line |
Investment property
Business combinations
Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.
Goodwill
Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the group’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
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.
WithinR Holdings Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
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.
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 group 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 group's turnover for the year from continuing operations is as follows:
|
2025 |
2024 |
|
|
Ticket and retail outlet sales |
|
|
|
Livestock sales |
|
|
|
Rental income from investment properties |
|
|
|
|
|
WithinR Holdings 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 were as follows:
|
2025 |
2024 |
|
|
Wages and salaries |
|
|
|
Social security costs |
|
|
|
Pension costs, defined contribution scheme |
|
|
|
Redundancy costs |
|
|
|
|
|
The average number of persons employed by the group during the year, analysed by category, was as follows:
|
2025 |
2024 |
|
|
Management |
|
|
|
Retail and catering |
|
|
|
Clerical |
|
|
|
Operations |
|
|
|
|
|
WithinR Holdings Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
|
Auditor's remuneration |
|
2025 |
2024 |
|
|
Audit of these financial statements |
2,000 |
1,625 |
|
Audit of the financial statements of subsidiaries of the company |
16,000 |
15,500 |
|
|
|
|
|
Other fees to auditors |
||
|
Taxation compliance services |
|
|
|
Taxation |
Tax charged/(credited) in the consolidated income statement
|
2025 |
2024 |
|
|
Current taxation |
||
|
UK corporation tax |
|
|
|
UK corporation tax adjustment to prior periods |
( |
( |
|
181,475 |
55,064 |
|
|
Deferred taxation |
||
|
Arising from origination and reversal of timing differences |
( |
|
|
Tax expense in the income statement |
|
|
WithinR Holdings Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
The tax on profit before tax for the year is lower 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 in UK and foreign current tax from adjustment for prior periods |
( |
( |
|
Tax decrease from effect of capital allowances and depreciation |
- |
( |
|
Effect of associates profits not subject to taxation |
( |
( |
|
Effect of expense not deductible in determining taxable profit (tax loss) |
|
|
|
Effect of tax losses |
- |
|
|
Total tax charge |
|
|
Deferred tax
Group
Deferred tax assets and liabilities
|
2025 |
Liability |
|
Accelerated capital allowances |
|
|
Fair value adjustments |
|
|
|
|
2024 |
Liability |
|
Accelerated capital allowances |
|
|
Fair value adjustments |
|
|
|
WithinR Holdings Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
|
Tangible assets |
Group
|
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 |
|
|
|
|
|
Investment properties |
Group
|
2025 |
|
|
Fair Value |
|
|
At 1 December 2024 and 30 November 2025 |
|
The investment property is included at fair value as estimated by the directors at 30 November 2025 at an amount of £700,000.
WithinR Holdings Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
|
Investments |
Group
|
2025 |
2024 |
|
|
Investments in joint ventures |
86,905 |
31,202 |
|
Joint ventures |
£ |
|
Cost |
|
|
At 1 December 2024 |
31,202 |
|
Share of profit |
235,703 |
|
Dividends received |
(180,000) |
|
At 30 November 2025 |
86,905 |
|
Carrying amount |
|
|
At 30 November 2025 |
86,905 |
|
At 30 November 2024 |
31,202 |
Company
|
2025 |
2024 |
|
|
Investments in subsidiaries |
|
|
|
Investments in joint ventures |
|
|
|
|
|
|
Subsidiaries |
£ |
|
Cost or valuation |
|
|
At 1 December 2024 and 30 November 2025 |
|
|
Carrying amount |
|
|
At 30 November 2025 |
|
|
At 30 November 2024 |
|
WithinR Holdings Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
|
Joint ventures |
£ |
|
Cost |
|
|
At 1 December 2024 and 30 November 2025 |
|
|
Carrying amount |
|
|
At 30 November 2025 |
|
|
At 30 November 2024 |
|
Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
|
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
2025 |
2024 |
|||
|
Subsidiary undertakings |
||||
|
|
1 Suffolk Way, Sevenoaks, Kent, |
|
|
|
|
|
Glen Cottage, Butlers Dene Road, Woldingham, Surrey |
|
|
|
|
Joint ventures |
||||
|
|
Thrift Farm, Buckingham Road, Whaddon, Milton Keynes |
Ordinary |
|
|
|
Subsidiary undertakings |
|
Godstone Farm Limited The principal activity of Godstone Farm Limited is |
|
Borderton Limited The principal activity of Borderton Limited is |
|
Joint ventures |
|
Godstone Farm Day Nursery Limited The principal activity of Godstone Farm Day Nursery Limited is the operation of a children's day nursery. Its latest financial period end is 31 July 2025. |
WithinR Holdings Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
|
Stocks |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Finished goods and goods for resale |
|
|
- |
- |
|
Debtors |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Trade debtors |
|
|
- |
- |
|
Amounts owed by group undertakings |
- |
- |
|
|
|
Other debtors |
|
|
- |
- |
|
Prepayments |
|
|
- |
- |
|
|
|
|
|
|
|
Cash and cash equivalents |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Cash on hand |
|
|
- |
- |
|
Cash at bank |
|
|
|
|
|
Short-term deposits |
|
|
- |
- |
|
|
|
|
|
|
WithinR Holdings Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
|
Creditors |
|
Group |
Company |
|||
|
2025 |
2024 |
2025 |
2024 |
|
|
Due within one year |
||||
|
Trade creditors |
|
|
- |
- |
|
Social security and other taxes |
|
|
- |
- |
|
Other payables |
|
|
|
|
|
Accruals |
|
|
- |
- |
|
Corporation tax liability |
181,534 |
55,078 |
- |
- |
|
|
|
|
|
|
|
Provisions for liabilities |
Group
|
Deferred tax |
Total |
|
|
At 1 December 2024 |
|
|
|
Reduction in provisions |
( |
( |
|
At 30 November 2025 |
|
|
|
|
||
|
Pension and other schemes |
The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £40,205 (2024 - £16,481).
WithinR Holdings Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
|
Share capital |
Allotted, called up and fully paid shares
|
2025 |
2024 |
|||
|
No. |
£ |
No. |
£ |
|
|
Ordinary A of £1 each |
1,249,950 |
1,249,950 |
1,249,950 |
1,249,950 |
|
Ordinary B of £1 each |
1,249,950 |
1,249,950 |
1,249,950 |
1,249,950 |
|
Ordinary C of £1 each |
6 |
6 |
6 |
6 |
|
Ordinary D of £1 each |
6 |
6 |
6 |
6 |
|
Ordinary E of £1 each |
6 |
6 |
6 |
6 |
|
Ordinary F of £1 each |
6 |
6 |
6 |
6 |
|
Ordinary G of £1 each |
1 |
1 |
1 |
1 |
|
Ordinary H of £1 each |
1 |
1 |
1 |
1 |
|
Ordinary I of £1 each |
1 |
1 |
1 |
1 |
|
Ordinary J of £1 each |
1 |
1 |
1 |
1 |
|
Ordinary K of £1 each |
1 |
1 |
1 |
1 |
|
Ordinary L of £1 each |
1 |
1 |
1 |
1 |
|
Ordinary M of £1 each |
1 |
1 |
1 |
1 |
|
Ordinary N of £1 each |
1 |
1 |
1 |
1 |
|
Ordinary O of £1 each |
1 |
1 |
1 |
1 |
|
Ordinary P of £1 each |
1 |
1 |
1 |
1 |
|
Ordinary Q of £1 each |
1 |
1 |
1 |
1 |
|
Ordinary R of £1 each |
11 |
11 |
11 |
11 |
|
Ordinary S of £1 each |
11 |
11 |
11 |
11 |
|
Ordinary T of £1 each |
11 |
11 |
11 |
11 |
|
Ordinary U of £1 each |
11 |
11 |
11 |
11 |
|
Ordinary V of £1 each |
11 |
11 |
11 |
11 |
|
Ordinary W of £1 each |
10 |
10 |
10 |
10 |
|
|
|
|
|
|
There are no restrictions on the repayment or capital or the payment of dividends. Each class of share capital carries equal voting rights.
WithinR Holdings Limited
Notes to the Financial Statements for the Year Ended 30 November 2025
|
Related party transactions |
Group
Summary of transactions with subsidiaries
Exemption has been taken under FRS 102 paragraph 33.1A not to disclose transactions or amounts falling due between companies that are wholly owned within the group.