Global Berry Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 08828704 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

FOR

GLOBAL BERRY LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

M J Evans

REGISTERED OFFICE:

Bradon Nurseries

Isle Abbotts

Taunton

Somerset

England

TA3 6RX

REGISTERED NUMBER:

08828704 (England and Wales)

ACCOUNTANTS:

TC Group

Baird House

Seebeck Place

Knowlhill

Milton Keynes

Buckinghamshire

MK5 8FR

FIXED ASSETS

Intangible assets

4

167

417

Tangible assets

5

15,266,478

15,665,978

15,266,645

15,666,395

CURRENT ASSETS

Debtors

6

1,716,084

1,664,122

CREDITORS

Amounts falling due within one year

7

9,607,456

7,695,754

NET CURRENT LIABILITIES

(7,891,372

)

(6,031,632

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,375,273

9,634,763

CREDITORS

Amounts falling due after more than one
year

8

(7,401,839

)

(9,710,098

)

PROVISIONS FOR LIABILITIES

12

(919,107

)

(990,236

)

NET LIABILITIES

(945,673

)

(1,065,571

)

CAPITAL AND RESERVES

Called up share capital

13

3,053,572

Retained earnings

(3,999,245

)

(4,119,143

)

SHAREHOLDERS' FUNDS

(945,673

)

(1,065,571

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 4 August 2026 and were signed by:

M J Evans - Director

1.	STATUTORY INFORMATION

Global Berry Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

On 24 May 2023, Global Berry Limited entered into a Company Voluntary Arrangement or "CVA". As part of the CVA process, the final dividend was declared payable to the creditors on 15 April 2024 and the resulting adjustments are reflected within the accounts at the balance sheet date 30 June 2024. The CVA was concluded on 28 May 2025.

Turnover

Turnover represents rental income, recharge income and income received from renewable heat incentives. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of four years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

Nil

Property improvements

-

10% on cost

Plant and machinery

-

Straight line over 15 years

Motor vehicles

-

20% on cost

Computer equipment

-

25% on cost

Tangible fixed assets are stated at cost, with the exception of freehold properties which are stated at fair value, with movements in fair value being recognised in the income statement in the year of revaluation.

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

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Prepayments and accrued income

Expenditure and income are recognised in the year to which they relate. Where expenditure has been paid but not yet incurred or income has been earned and not yet received, a prepayment or accrued income adjustment is recognised accordingly.

Going concern

The accounts have been prepared on the going concern basis despite the balance sheet deficit. As the directors are confident post CVA that sufficient support is in place to enable the company to meet its expenditure requirements and commitments as and when they fall due, for at least the next 12 months. That future profitability will eliminate the deficit.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 July 2024

and 30 June 2025

1,000

AMORTISATION

At 1 July 2024

583

Charge for year

250

At 30 June 2025

833

NET BOOK VALUE

At 30 June 2025

167

At 30 June 2024

417

5.	TANGIBLE FIXED ASSETS

Freehold

Property

Plant and

property

improvements

machinery

£

COST OR VALUATION

At 1 July 2024

10,902,756

251,621

5,651,862

Additions

-

12,000

35,527

At 30 June 2025

10,902,756

263,621

5,687,389

DEPRECIATION

At 1 July 2024

-

104,172

1,099,327

Charge for year

-

25,339

389,220

At 30 June 2025

-

129,511

1,488,547

NET BOOK VALUE

At 30 June 2025

10,902,756

134,110

4,198,842

At 30 June 2024

10,902,756

147,449

4,552,535

Motor

Computer

vehicles

equipment

Totals

£

COST OR VALUATION

At 1 July 2024

155,591

36,180

16,998,010

Additions

-

47,527

At 30 June 2025

155,591

36,180

17,045,537

DEPRECIATION

At 1 July 2024

110,307

18,226

1,332,032

Charge for year

24,273

8,195

447,027

At 30 June 2025

134,580

26,421

1,779,059

NET BOOK VALUE

At 30 June 2025

21,011

9,759

15,266,478

At 30 June 2024

45,284

17,954

15,665,978

Cost or valuation at 30 June 2025 is represented by:

Freehold

Property

Plant and

property

improvements

machinery

£

Valuation in 2021

935,920

-

Cost

9,966,836

263,621

5,687,389

10,902,756

263,621

5,687,389

Motor

Computer

vehicles

equipment

Totals

£

Valuation in 2021

-

935,920

Cost

155,591

36,180

16,109,617

155,591

36,180

17,045,537

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as

restated

£

Trade debtors

67,720

13,410

Amounts owed by participating interests

417,694

423,194

Other debtors

99

4,899

Prepayments and accrued income

1,230,571

1,222,619

1,716,084

1,664,122

The company had the following amounts receivable from related parties at the balance sheet date:

2025

2024

£

Isle Fruits (Somerset) Limited

363,644

413,144

Essendon Capital Limited

25

Lavender Group Limited

25

Richburns Limited

54,000

10,000

417,694

423,194

Included within prepayments and accrued income is an accrued income amount totalling £1,210,749 (2024: £1,120,749) which relates to recharge income that is due to be invoiced post year-end to Isle Fruits Limited, a related party company.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

as

restated

£

Bank loans and overdrafts (see note 9)

3,377,837

3,625,055

Hire purchase contracts (see note 10)

25,097

63,337

Trade creditors

51,392

18,287

Corporation tax

50,841

66,793

VAT

8,930

10,178

Loans and borrowings

2,039,093

2,052,200

Deferred consideration

3,566,199

1,321,800

Directors' current accounts

210,000

250,000

Accrued expenses

278,067

288,104

9,607,456

7,695,754

The company had an amount payable to Angus Soft Fruits Limited of £Nil (2024: £Nil as restated), a related party company.

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

as

restated

£

Bank loans (see note 9)

3,336,203

3,632,537

Hire purchase contracts (see note 10)

3,323

32,548

Amounts owed to participating interests

4,062,313

Deferred consideration

-

1,982,700

7,401,839

9,710,098

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,186,181

2,482,515

9.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

as

restated

£

Amounts falling due within one year or on demand:

Bank overdrafts

1,921,433

2,168,651

Bank loans

1,456,404

3,377,837

3,625,055

Amounts falling due between two and five years:

Bank loans - 2-5 years

1,150,022

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,186,181

2,482,515

10.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

as

restated

£

Net obligations repayable:

Within one year

25,097

63,337

Between one and five years

3,323

32,548

28,420

95,885

Non-cancellable

operating leases

2025

2024

as

restated

£

Within one year

26,110

33,707

Between one and five years

-

26,110

59,817

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

as

restated

£

Bank overdrafts

1,921,433

2,168,651

Bank loans

4,792,607

5,088,941

Hire purchase contracts

28,420

95,885

Deferred consideration

3,566,199

3,303,740

10,308,659

10,657,217

Bank loans and overdrafts are secured by fixed and floating charges over the assets of the company.

Deferred consideration is secured against the land and buildings at Bradon Farm.

Obligations under finance leases and hire purchase contracts are secured on the underlying assets.

12.	PROVISIONS FOR LIABILITIES

2025

2024

as

restated

£

Deferred tax

Accelerated capital allowances

234,000

Deferred tax

685,107

756,236

919,107

990,236

Deferred

tax

£

Balance at 1 July 2024

990,236

Provided during year

(71,129

)

Balance at 30 June 2025

919,107

13.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

as
restated

£

100

A Shares

£1

100

3,053,472

B Shares

£1

3,053,472

3,053,572

14.	RELATED PARTY DISCLOSURES

During the year companies which are under the control of a shareholder in the company provided loans to the company totalling £1,315,200 (2024: £1,315,200). At the balance sheet date £1,315,200 (2024: £1,315,200) was outstanding.

At the year-end,an amount totalling £363,644 (2024: £413,144) was owed by the company to Isle Fruits. (Somerset) Limited, which is shown within debtors due within one year.

An amount totalling £4,062,313 (2024: £4,062,313) was owed from the company to Bradon Soft Fruit Farm Limited, which is shown within creditors due after one year. Both are related party companies.

An amount totalling £250,000 (2024: £250,000) was owed from the company to Redneval Consulting Limited, which is shown within accruals due within one year and is an associated company.

During the prior year, the company also received loans from it's director of £250,000. At 30 June 2025, £210,000 (2024: £250,000) was owed to the director.