Company No: 08522917 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	76,952		100,407
Tangible assets	4	1,032,629		778,264
Investments	5	116,911		110,021
		1,226,492		988,692
Current assets
Debtors	6	678,817		668,192
Cash at bank and in hand		299,776		565,655
		978,593		1,233,847
Creditors: amounts falling due within one year	7	( 390,039)		( 401,244)
Net current assets		588,554		832,603
Total assets less current liabilities		1,815,046		1,821,295
Creditors: amounts falling due after more than one year	8	( 227,044)		( 272,980)
Provision for liabilities	9	( 75,788)		( 93,010)
Net assets		1,512,214		1,455,305
Capital and reserves
Called-up share capital		100		100
Share premium account		16,715		16,715
Profit and loss account		1,495,399		1,438,490
Total shareholders' funds		1,512,214		1,455,305

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

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Income Statement has not been delivered.

The financial statements of Kings & Barnhams Group Limited (registered number: 08522917) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

S R Everett Director

30 July 2026

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Kings & Barnhams Group Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 3 George Edwards Road, Fakenham, NR21 8NL, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

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.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Finance costs

Finance costs are charged to the Income Statement over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment.

Software development expenditure is capitalised when it is incurred as it will generate future economic benefits and the cost can be reliably measured. Amortisation is charged once development work has been completed.

Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software

3 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings	10 - 50 years straight line
Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Borrowing costs

Borrowing costs that are directly attributable to acquisition, construction or production of qualifying assets, are capitalised as part of the cost of those assets. Capitalisation begins when both finance costs and expenditures for the asset are being incurred and activities that are necessary to get the asset ready for use are in progress. Capitalisation ceases when substantially all the activities that are necessary to get the asset ready for use are complete.

All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Leases

The Company as lessor
Amounts due from lessees under finance leases are recognised as receivables at the amount of the Company's net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the Company's net investment outstanding in respect of leases.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either 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 payments 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. Amounts 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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Statement of Financial Position date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		3

3. Intangible assets

	Computer software		Total
	£		£
Cost
At 01 November 2024	135,610		135,610
Additions	21,748		21,748
At 31 October 2025	157,358		157,358
Accumulated amortisation
At 01 November 2024	35,203		35,203
Charge for the financial year	45,203		45,203
At 31 October 2025	80,406		80,406
Net book value
At 31 October 2025	76,952		76,952
At 31 October 2024	100,407		100,407

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Total
	£		£		£		£
Cost
At 01 November 2024	558,156		41,650		585,816		1,185,622
Additions	300,412		0		46,050		346,462
Disposals	0		0		( 55,011)		( 55,011)
At 31 October 2025	858,568		41,650		576,855		1,477,073
Accumulated depreciation
At 01 November 2024	87,133		25,163		295,062		407,358
Charge for the financial year	11,123		4,122		72,678		87,923
Disposals	0		0		( 50,837)		( 50,837)
At 31 October 2025	98,256		29,285		316,903		444,444
Net book value
At 31 October 2025	760,312		12,365		259,952		1,032,629
At 31 October 2024	471,023		16,487		290,754		778,264

5. Fixed asset investments

	2025		2024
	£		£
Subsidiary undertakings	10,005		10,005
Other investments and loans	106,906		100,016
	116,911		110,021

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 November 2024	100,016		100,016
Movement in fair value	6,890		6,890
At 31 October 2025	106,906		106,906
Carrying value at 31 October 2025	106,906		106,906
Carrying value at 31 October 2024	100,016		100,016

6. Debtors

	2025		2024
	£		£
Trade debtors	0		14,000
Amounts owed by own subsidiaries	654,890		627,602
Other debtors	23,927		26,590
	678,817		668,192

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	10,638		10,638
Trade creditors	6,623		38,404
Amounts owed to related parties	231,589		281,469
Amounts owed to directors	695		695
Accruals	5,510		3,195
Corporation tax	59,972		1,361
Obligations under finance leases and hire purchase contracts	75,012		65,482
	390,039		401,244

Secured creditors

The bank loans are secured by way charges over freehold property and a fixed and floating charge over all of the assets of the Company.

Obligations under hire purchase contracts are secured against the assets to which they relate.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	124,333		135,838
Obligations under finance leases and hire purchase contracts	102,711		137,142
	227,044		272,980

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans	81,781		93,286

9. Deferred tax

	2025		2024
	£		£
At the beginning of financial year	( 93,010)		( 88,240)
Credited/(charged) to the Income Statement	17,222		( 4,770)
At the end of financial year	( 75,788)		( 93,010)

The deferred taxation balance is made up as follows:

	2025		2024
	£		£
Accelerated capital allowances	( 75,788)		( 93,010)

10. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Balance owed to the Directors	695		695

The above balance was owed to the Directors of the company. No interest is charged on the outstanding balance and the amount is deemed repayable on demand.

Other related party transactions

The company has taken advantage of the exemption under 33.1A, allowing wholly owned group members to depart from the requirements to disclose transactions with other group companies.