Company registration number 00572866 (England and Wales)
A BURNFIELD & SONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
PAGES FOR FILING WITH REGISTRAR
A BURNFIELD & SONS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 8
A BURNFIELD & SONS LIMITED
BALANCE SHEET
AS AT 31 OCTOBER 2025
31 October 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,035,461
1,070,886
Investment property
4
1,830,000
1,830,000
Investments
5
102,978
88,652
2,968,439
2,989,538
Current assets
Stocks
6
525,994
495,063
Debtors
7
140,266
137,466
Cash at bank and in hand
785,771
707,175
1,452,031
1,339,704
Creditors: amounts falling due within one year
8
(209,178)
(187,847)
Net current assets
1,242,853
1,151,857
Total assets less current liabilities
4,211,292
4,141,395
Creditors: amounts falling due after more than one year
9
(13,927)
(37,802)
Provisions for liabilities
(415,369)
(449,800)
Net assets
3,781,996
3,653,793
Capital and reserves
Called up share capital
80,000
80,000
Non-distributable profits reserve
10
1,423,066
1,412,322
Distributable profit and loss reserves
2,278,930
2,161,471
Total equity
3,781,996
3,653,793
A BURNFIELD & SONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 OCTOBER 2025
31 October 2025
- 2 -

For the financial year ended 31 October 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 9 July 2026 and are signed on its behalf by:
Mrs I A Green
Director
Company registration number 00572866 (England and Wales)
A BURNFIELD & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2025
- 3 -
1
Accounting policies
Company information

A Burnfield & Sons Limited is a private company limited by shares incorporated in England and Wales. The registered office is Hazeldown, Longstock, Stockbridge, Hampshire, SO20 6EG.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

The company recognises revenue when:

The amount of revenue can be reliably measured;

it is probable that future economic benefits will flow to the entity;

and specific criteria have been met for each of the company's activities.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
2% & 4% & 10% pa on cost
Plant and equipment
10-20% on cost
Fixtures and fittings
10% pa on cost
Motor vehicles
20% pa on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

A BURNFIELD & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

1.6
Stocks

Stocks have been valued by a firm of professional valuers, Symonds & Sampson. Livestock dairy cows and homebred cattle have been valued on a deemed cost of production basis at 60% of market value. Corn in store is valued at 75% of market value. No allowance has been made for payments claimed under the single payments scheme.

1.7
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

A BURNFIELD & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
Retirement benefits

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.

1.11
Leases
As lessee

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

As lessor

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

A BURNFIELD & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
1
Accounting policies
(Continued)
- 6 -
1.12

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

1.13

Government grants

Government grants in relation to tangible fixed asset are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
10
10
3
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 November 2024
1,222,763
1,641,352
26,975
122,408
3,013,498
Additions
-
0
120,296
916
13,000
134,212
Disposals
-
0
(60,500)
-
0
(4,500)
(65,000)
At 31 October 2025
1,222,763
1,701,148
27,891
130,908
3,082,710
Depreciation and impairment
At 1 November 2024
694,487
1,110,517
21,739
115,869
1,942,612
Depreciation charged in the year
10,043
134,015
673
2,219
146,950
Eliminated in respect of disposals
-
0
(37,813)
-
0
(4,500)
(42,313)
At 31 October 2025
704,530
1,206,719
22,412
113,588
2,047,249
Carrying amount
At 31 October 2025
518,233
494,429
5,479
17,320
1,035,461
At 31 October 2024
528,276
530,835
5,236
6,539
1,070,886
A BURNFIELD & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
3
Tangible fixed assets
(Continued)
- 7 -

Included within the net book value of land and buildings above is £518,233 (20 24 - £528,276) in respect of freehold land and buildings.

4
Investment property
2025
£
Fair value
At 1 November 2024 and 31 October 2025
1,830,000

The investment properties are included at their open market value of £1,830,000 and is based on the directors' valuation.The properties initially cost £0 and have been revalued by £1,830,000.

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

5
Fixed asset investments
2025
2024
£
£
Other investments other than loans
102,978
88,652

Listed investments

The market value of the listed investments at 31 October 202 5 was £100,688 (202 4 - £86,362)

Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 November 2024
88,652
Valuation changes
14,326
At 31 October 2025
102,978
Carrying amount
At 31 October 2025
102,978
At 31 October 2024
88,652
6
Stocks
2025
2024
£
£
Stocks
525,994
495,063
A BURNFIELD & SONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2025
- 8 -
7
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
112,373
109,847
Corporation tax recoverable
61
61
Other debtors
16,417
11,866
Prepayments and accrued income
11,415
15,692
140,266
137,466
8
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases
23,875
23,875
Trade creditors
88,314
75,836
Taxation and social security
5,752
6,475
Other creditors
17,400
18,786
Accruals and deferred income
73,837
62,875
209,178
187,847

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £23,875 (202 4 - £23,875).

9
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Obligations under finance leases
13,927
37,802

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £13,927 (202 4 £37,802).

10
Non-distributable profits reserve
2025
2024
£
£
At the beginning of the year
1,412,322
1,503,181
Non distributable profits in the year
10,744
(90,859)
At the end of the year
1,423,066
1,412,322
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