Stubbs Partners Limited - Period Ending 2026-03-31

Company Registration number: 08435273

Stubbs Partners Limited

Annual Report and Unaudited
Financial Statements

for the Year Ended 31 March 2026

Stubbs Partners Limited

Contents

Pages

Balance sheet	1 to 2
Notes to the financial statements	3 to 9

Stubbs Partners Limited

Balance Sheet as at 31 March 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	4	735,650	681,213
Current assets
Stocks	5	93,849	75,613
Debtors	6	90,474	77,900
Cash at bank and in hand		78,423	31,547
		262,746	185,060
Creditors: Amounts falling due within one year	7	(355,570)	(344,956)
Net current liabilities		(92,824)	(159,896)
Total assets less current liabilities		642,826	521,317
Creditors: Amounts falling due after more than one year	7	(61,423)	(107,800)
Provisions for liabilities		(11,532)	(557)
Net assets		569,871	412,960
Capital and reserves
Called up share capital	8	99	99
Retained earnings		569,772	412,861
Shareholders' funds		569,871	412,960

Stubbs Partners Limited

Balance Sheet as at 31 March 2026 (continued)

For the financial year ending 31 March 2026 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Company registration number: 08435273

Approved and authorised by the Board on 8 July 2026 and signed on its behalf by:

.........................................
Mrs L M Stubbs
Company secretary and director

.........................................
Mr P R Stubbs
Director

Stubbs Partners Limited

Notes to the financial statements for the Year Ended 31 March 2026

1	GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
May Farm
Whitgreave Lane
Whitgreave
Stafford
ST18 9SP

These financial statements were authorised for issue by the Board on 8 July 2026.

2	ACCOUNTING POLICIES

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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

Stubbs Partners Limited

Notes to the financial statements for the Year Ended 31 March 2026 (continued)

2	ACCOUNTING POLICIES (continued)

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Actual results may differ from these estimates.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

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.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

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

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Stubbs Partners Limited

Notes to the financial statements for the Year Ended 31 March 2026 (continued)

2	ACCOUNTING POLICIES (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Leasehold property improvements	50 years straight line
Plant and machinery	20% reducing balance
Tractors	15% reducing balance
Robots	10 years straight line
Motor vehicles	20% reducing balance

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.

Leases

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

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

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.

Stubbs Partners Limited

Notes to the financial statements for the Year Ended 31 March 2026 (continued)

2	ACCOUNTING POLICIES (continued)

Defined contribution pension obligation

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.

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Recognition and measurement
Basic financial instruments are initially recognised at the transaction price.
Impairment
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

3	STAFF NUMBERS

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

Stubbs Partners Limited

Notes to the financial statements for the Year Ended 31 March 2026 (continued)

4	TANGIBLE ASSETS

Leasehold property improvements
£

Plant and
machinery
£

Tractors
£

Robots
£

Motor vehicles
£

Herd
£

Total
£

Cost or valuation

At 1 April 2025

319,630

363,918

254,764

176,241

24,103

60,447

1,199,103

Additions

-

133,958

-

-

-

3,000

136,958

Disposals

-

(6,495)

-

-

-

(2,200)

(8,695)

At 31 March 2026

319,630

491,381

254,764

176,241

24,103

61,247

1,327,366

Depreciation

At 1 April 2025

63,509

215,071

122,677

96,461

20,172

-

517,890

Charge for the year

6,393

35,172

19,813

17,624

786

-

79,788

Impairment

-

(5,962)

-

-

-

-

(5,962)

At 31 March 2026

69,902

244,281

142,490

114,085

20,958

-

591,716

Carrying amount

At 31 March 2026

249,728

247,100

112,274

62,156

3,145

61,247

735,650

At 31 March 2025

256,121

148,847

132,087

79,780

3,931

60,447

681,213

- 7 -

Stubbs Partners Limited

Notes to the financial statements for the Year Ended 31 March 2026 (continued)

STOCKS

	2026 £	2025 £
Stocks	93,849	75,613

DEBTORS

Current	2026 £	2025 £
Trade debtors	63,760	61,638
Prepayments	9,133	4,714
Other debtors	17,581	11,548
	90,474	77,900

CREDITORS

Creditors: amounts falling due within one year

	2026 £	2025 £
Due within one year
Loans and borrowings	42,769	35,775
Trade creditors	79,554	65,367
Taxation and social security	40,594	24,985
Accruals and deferred income	7,760	10,971
Other creditors	184,893	207,858
	355,570	344,956

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £42,769 (2025 - £35,775).

Stubbs Partners Limited

Notes to the financial statements for the Year Ended 31 March 2026 (continued)

7	CREDITORS (continued)

Creditors: amounts falling due after more than one year

	2026 £	2025 £
Due after one year
Loans and borrowings	61,423	107,800

Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are secured of £61,423 (2025 - £107,800).

8	SHARE CAPITAL

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary A of £1 each	33	33	33	33
Ordinary B of £1 each	33	33	33	33
Ordinary C of £1 each	33	33	33	33
	99	99	99	99

	Leasehold property improvements £	Plant and machinery £	Tractors £	Robots £	Motor vehicles £	Herd £	Total £
Cost or valuation
At 1 April 2025	319,630	363,918	254,764	176,241	24,103	60,447	1,199,103
Additions	-	133,958	-	-	-	3,000	136,958
Disposals	-	(6,495)	-	-	-	(2,200)	(8,695)
At 31 March 2026	319,630	491,381	254,764	176,241	24,103	61,247	1,327,366
Depreciation
At 1 April 2025	63,509	215,071	122,677	96,461	20,172	-	517,890
Charge for the year	6,393	35,172	19,813	17,624	786	-	79,788
Impairment	-	(5,962)	-	-	-	-	(5,962)
At 31 March 2026	69,902	244,281	142,490	114,085	20,958	-	591,716
Carrying amount
At 31 March 2026	249,728	247,100	112,274	62,156	3,145	61,247	735,650
At 31 March 2025	256,121	148,847	132,087	79,780	3,931	60,447	681,213