Company registration number 01009447 (England and Wales)
R. W. BEATY (FARMS) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
PAGES FOR FILING WITH REGISTRAR
R. W. BEATY (FARMS) LIMITED
COMPANY INFORMATION
Directors
Mr M R Beaty
Mr W M Beaty
Mr O W Beaty
Mr G W Beaty
Company number
01009447
Registered office
Westfield Lodge
Station Road
Finedon
Wellingborough
Northamptonshire
NN9 5NT
Accountants
Ellacotts LLP
Vantage House
2700 Kettering Parkway
Kettering Venture Park
Kettering
Northamptonshire
England
NN15 6XR
R. W. BEATY (FARMS) LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 9
R. W. BEATY (FARMS) LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF R. W. BEATY (FARMS) LIMITED FOR THE YEAR ENDED 31 MARCH 2026
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of R. W. Beaty (Farms) Limited for the year ended 31 March 2026 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the Board of Directors of R. W. Beaty (Farms) Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of R. W. Beaty (Farms) Limited and state those matters that we have agreed to state to the Board of Directors of R. W. Beaty (Farms) Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than R. W. Beaty (Farms) Limited and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that R. W. Beaty (Farms) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of R. W. Beaty (Farms) Limited. You consider that R. W. Beaty (Farms) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of R. W. Beaty (Farms) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory f inancial statements.

Ellacotts LLP
Chartered Accountants
Vantage House
2700 Kettering Parkway
Kettering Venture Park
Kettering
Northamptonshire
England
NN15 6XR
Date:
28 July 2026
R. W. BEATY (FARMS) LIMITED
BALANCE SHEET
AS AT 31 MARCH 2026
31 March 2026
- 2 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
4
8,621,466
8,957,823
Investments
5
-
0
308,500
8,621,466
9,266,323
Current assets
Debtors
6
316,250
461,119
Investments
7
1,523,940
1,552,459
Cash at bank and in hand
76,243
-
0
1,916,433
2,013,578
Creditors: amounts falling due within one year
8
(225,212)
(768,394)
Net current assets
1,691,221
1,245,184
Total assets less current liabilities
10,312,687
10,511,507
Creditors: amounts falling due after more than one year
9
(3,416,408)
(3,577,264)
Provisions for liabilities
(1,244,900)
(1,332,678)
Net assets
5,651,379
5,601,565
Capital and reserves
Called up share capital
100
100
Non-distributable profits reserve
-
0
58,500
Distributable profit and loss reserves
5,651,279
5,542,965
Total equity
5,651,379
5,601,565
R. W. BEATY (FARMS) LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2026
31 March 2026
- 3 -

For the financial year ended 31 March 2026 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 15 July 2026 and are signed on its behalf by:
Mr M R Beaty
Mr W M Beaty
Director
Director
Mr O W Beaty
Director
Company registration number 01009447 (England and Wales)
R. W. BEATY (FARMS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2026
- 4 -
1
Accounting policies
Company information

R. W. Beaty (Farms) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Westfield Lodge, Station Road, Finedon, Wellingborough, Northamptonshire, NN9 5NT.

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
Revenue

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.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

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
0 - 5% Straight line
Plant and machinery
20 - 25% Reducing balance
Tractors and combines
15% Reducing balance

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
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.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

R. W. BEATY (FARMS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 5 -

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

1.6
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.

1.7
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.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

R. W. BEATY (FARMS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
1
Accounting policies
(Continued)
- 6 -

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
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2026
2025
Number
Number
Total
4
4
R. W. BEATY (FARMS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 7 -
4
Tangible fixed assets
Freehold land and buildings
Plant and machinery
Tractors and combines
Total
£
£
£
£
Cost
At 1 April 2025
7,318,825
2,001,516
2,561,463
11,881,804
Additions
-
0
4,400
-
0
4,400
Disposals
-
0
(76,887)
-
0
(76,887)
At 31 March 2026
7,318,825
1,929,029
2,561,463
11,809,317
Depreciation and impairment
At 1 April 2025
325,697
1,377,207
1,221,077
2,923,981
Depreciation charged in the year
10,429
124,726
201,058
336,213
Eliminated in respect of disposals
-
0
(72,343)
-
0
(72,343)
At 31 March 2026
336,126
1,429,590
1,422,135
3,187,851
Carrying amount
At 31 March 2026
6,982,699
499,439
1,139,328
8,621,466
At 31 March 2025
6,993,128
624,309
1,340,386
8,957,823
5
Fixed asset investments
2026
2025
£
£
Other investments other than loans
-
0
308,500
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2025
308,500
Disposals
(308,500)
At 31 March 2026
-
Carrying amount
At 31 March 2026
-
At 31 March 2025
308,500
R. W. BEATY (FARMS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 8 -
6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Trade debtors
101
289,955
Other debtors
120
-
0
Prepayments and accrued income
316,029
171,164
316,250
461,119
7
Current asset investments
2026
2025
£
£
Other investments
1,523,940
1,552,459

This represents the investment in R W Beaty & Sons partnership agreeing to the current account and capital account balances.

8
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
-
0
465,432
Trade creditors
1,800
2,458
Corporation tax
107,712
17,926
Other taxation and social security
-
0
33,846
Other creditors
115,700
248,732
225,212
768,394

Bank loans and overdrafts are secured by fixed and floating charges over the assets of the limited company. Net obligations under finance leases and hire purchase contracts falling due within one year are secured against the assets to which they relate.

9
Creditors: amounts falling due after more than one year
2026
2025
Notes
£
£
Bank loans and overdrafts
3,416,408
3,577,264
Creditors which fall due after five years are payable as follows:
Payable by instalments
1,792,289
1,793,940

Bank loans and overdrafts are secured by fixed and floating charges over the assets of the limited company. Net obligations under finance leases and hire purchase contracts falling due after one year are secured against the assets to which they relate.

R. W. BEATY (FARMS) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2026
- 9 -
10
Parent company

The parent company of R. W. Beaty (Farms) Limited is Beaty Farms Holdings Limited and its registered office is Westfield Lodge, Station Road, Finedon, Wellingborough, Northamptonshire, NN9 5NT.

2026-03-31 2025-04-01 false false false 28 July 2026 CCH Software CCH Accounts Production 2026.100 The principal activity of the company is continued to be that of being a partner in a farming partnership and the leasing of agricultural equipment to this partnership.
Mr M R Beaty Mr W M Beaty Mr O W Beaty Mr G W Beaty 01009447 2025-04-01 2026-03-31 01009447 bus:Director1 2025-04-01 2026-03-31 01009447 bus:Director2 2025-04-01 2026-03-31 01009447 bus:Director3 2025-04-01 2026-03-31 01009447 bus:Director4 2025-04-01 2026-03-31 01009447 bus:RegisteredOffice 2025-04-01 2026-03-31 01009447 2026-03-31 01009447 2025-03-31 01009447 core:LandBuildings core:OwnedOrFreeholdAssets 2026-03-31 01009447 core:PlantMachinery 2026-03-31 01009447 core:MotorVehicles 2026-03-31 01009447 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 01009447 core:PlantMachinery 2025-03-31 01009447 core:MotorVehicles 2025-03-31 01009447 core:CurrentFinancialInstruments core:WithinOneYear 2026-03-31 01009447 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 01009447 core:Non-currentFinancialInstruments core:AfterOneYear 2026-03-31 01009447 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 01009447 core:CurrentFinancialInstruments 2026-03-31 01009447 core:CurrentFinancialInstruments 2025-03-31 01009447 core:ShareCapital 2026-03-31 01009447 core:ShareCapital 2025-03-31 01009447 core:FurtherSpecificReserve1ComponentTotalEquity 2026-03-31 01009447 core:FurtherSpecificReserve1ComponentTotalEquity 2025-03-31 01009447 core:RetainedEarningsAccumulatedLosses 2026-03-31 01009447 core:RetainedEarningsAccumulatedLosses 2025-03-31 01009447 core:LandBuildings core:OwnedOrFreeholdAssets 2025-04-01 2026-03-31 01009447 core:PlantMachinery 2025-04-01 2026-03-31 01009447 core:MotorVehicles 2025-04-01 2026-03-31 01009447 2024-04-01 2025-03-31 01009447 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 01009447 core:PlantMachinery 2025-03-31 01009447 core:MotorVehicles 2025-03-31 01009447 2025-03-31 01009447 core:Non-currentFinancialInstruments 2026-03-31 01009447 core:Non-currentFinancialInstruments 2025-03-31 01009447 bus:PrivateLimitedCompanyLtd 2025-04-01 2026-03-31 01009447 bus:SmallCompaniesRegimeForAccounts 2025-04-01 2026-03-31 01009447 bus:FRS102 2025-04-01 2026-03-31 01009447 bus:AuditExemptWithAccountantsReport 2025-04-01 2026-03-31 01009447 bus:FullAccounts 2025-04-01 2026-03-31 xbrli:pure xbrli:shares iso4217:GBP