REGISTERED NUMBER: 01978567

Unaudited Financial Statements

for the Year Ended 31 October 2025

for

Copperfield Enterprises Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D C McVeigh

Mrs L L Davenport

Mr T S McVeigh

SECRETARY:

Mr O Hammond

REGISTERED OFFICE:

Kenton Hall

Kenton

Stowmarket

Suffolk

IP14 6JU

REGISTERED NUMBER:

01978567

ACCOUNTANTS:

Turner & Ellerby

Chartered Certified Accountants

5 Church Street

Framlingham

Woodbridge

Suffolk

IP13 9BQ

FIXED ASSETS

Tangible assets

4

3,564,073

3,673,596

CURRENT ASSETS

Stocks

42,072

159,979

Debtors

5

399,698

118,702

Cash in hand

250

250

442,020

278,931

CREDITORS

Amounts falling due within one year

6

942,313

975,633

NET CURRENT LIABILITIES

(500,293

)

(696,702

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,063,780

2,976,894

CREDITORS

Amounts falling due after more than one year

7

(1,977,582

)

(2,043,613

)

PROVISIONS FOR LIABILITIES

9

(80,195

)

(81,930

)

NET ASSETS

1,006,003

851,351

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

1,006,001

851,349

SHAREHOLDERS' FUNDS

1,006,003

851,351

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 July 2026 and were signed on its behalf by:

Mr T S McVeigh - Director

1.	STATUTORY INFORMATION

Copperfield Enterprises Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Wood Lane Duck Farm

-

2% on cost

Leasehold improvements

-

4% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

20% on cost

Solar equipment

-

10% on reducing balance

Stocks

Socks are valued at the lower of cost and net realisable values shown below:

Produce

-

cost of seed, fertiliser and spray input, the cost of cultivations and a

proportion of direct labour and overheads.

Cultivations

-

cost of direct materials together with a proportion of direct labour and overheads.

Consumables

-

purchase cost on a first in, first out basis.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Agricultural subsidies

The Single Farm Payment is accounted for on the accruals basis and is recognised following the completion of the relevant qualification period.

Operating lease agreements

Rentals paid under operating leases are charged against income on a straight line basis over the lease term.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Wood Lane

Leasehold

Plant and

Duck Farm

improvements

machinery

£

£

£

COST

At 1 November 2024

3,501,892

348,007

800,900

Additions

-

-

41,866

Disposals

(40,000

)

-

-

At 31 October 2025

3,461,892

348,007

842,766

DEPRECIATION

At 1 November 2024

197,740

312,299

598,817

Charge for year

59,238

6,177

36,592

Eliminated on disposal

(3,200

)

-

-

At 31 October 2025

253,778

318,476

635,409

NET BOOK VALUE

At 31 October 2025

3,208,114

29,531

207,357

At 31 October 2024

3,304,152

35,708

202,083

Fixtures

and

Motor

Solar

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 November 2024

116,250

14,825

174,031

4,955,905

Additions

729

-

-

42,595

Disposals

-

-

-

(40,000

)

At 31 October 2025

116,979

14,825

174,031

4,958,500

DEPRECIATION

At 1 November 2024

116,250

14,825

42,378

1,282,309

Charge for year

146

-

13,165

115,318

Eliminated on disposal

-

-

-

(3,200

)

At 31 October 2025

116,396

14,825

55,543

1,394,427

NET BOOK VALUE

At 31 October 2025

583

-

118,488

3,564,073

At 31 October 2024

-

-

131,653

3,673,596

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

£

COST

At 1 November 2024

135,950

Additions

41,500

Transfer to ownership

(32,950

)

At 31 October 2025

144,500

DEPRECIATION

At 1 November 2024

65,261

Charge for year

14,764

Transfer to ownership

(19,190

)

At 31 October 2025

60,835

NET BOOK VALUE

At 31 October 2025

83,665

At 31 October 2024

70,689

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

46,568

11,256

Unbilled sales contracts

195,729

-

Other debtors

74,089

72,429

Prepayments

83,312

35,017

399,698

118,702

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

325,279

378,887

Other loans

15,000

15,000

Hire purchase contracts

13,670

23,048

Trade creditors

30,571

32,644

Tax

47,396

22,351

Social security and other taxes

15,108

-

VAT

8,430

7,340

Other creditors

2,840

6,815

Directors' current accounts

467,298

475,467

Accrued expenses

16,721

14,081

942,313

975,633

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

182,571

182,571

Bank loans - 2-5 years

547,712

547,712

Bank loans more 5 yr by instal

1,221,777

1,307,130

Hire purchase contracts

25,522

6,200

1,977,582

2,043,613

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

1,221,777

1,307,130

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

142,708

196,316

Bank loans

2,134,631

2,219,984

Hire purchase contracts

39,192

29,248

2,316,531

2,445,548

Assets purchased under hire purchase agreements are secured on the asset to which they relate.

Bank borrowings are secured by a fixed and floating charge against company assets and property.

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

80,195

81,930

Deferred

tax

£

Balance at 1 November 2024

81,930

Movement in year

(1,735

)

Balance at 31 October 2025

80,195