Silverfin false false 30/11/2025 01/12/2024 30/11/2025 Basil Baird 26/05/1989 Maureen Baird 26/05/1989 Nicholas Baird 06/04/2007 Nicholas Basil Baird 20 August 2026 no description of principal activity SC047487 2025-11-30 SC047487 bus:Director1 2025-11-30 SC047487 bus:Director2 2025-11-30 SC047487 bus:Director3 2025-11-30 SC047487 2024-11-30 SC047487 core:CurrentFinancialInstruments 2025-11-30 SC047487 core:CurrentFinancialInstruments 2024-11-30 SC047487 core:Non-currentFinancialInstruments 2025-11-30 SC047487 core:Non-currentFinancialInstruments 2024-11-30 SC047487 core:ShareCapital 2025-11-30 SC047487 core:ShareCapital 2024-11-30 SC047487 core:SharePremium 2025-11-30 SC047487 core:SharePremium 2024-11-30 SC047487 core:FurtherSpecificReserve1ComponentTotalEquity 2025-11-30 SC047487 core:FurtherSpecificReserve1ComponentTotalEquity 2024-11-30 SC047487 core:RetainedEarningsAccumulatedLosses 2025-11-30 SC047487 core:RetainedEarningsAccumulatedLosses 2024-11-30 SC047487 core:LandBuildings 2024-11-30 SC047487 core:LeaseholdImprovements 2024-11-30 SC047487 core:PlantMachinery 2024-11-30 SC047487 core:Vehicles 2024-11-30 SC047487 core:ComputerEquipment 2024-11-30 SC047487 core:OtherPropertyPlantEquipment 2024-11-30 SC047487 core:LandBuildings 2025-11-30 SC047487 core:LeaseholdImprovements 2025-11-30 SC047487 core:PlantMachinery 2025-11-30 SC047487 core:Vehicles 2025-11-30 SC047487 core:ComputerEquipment 2025-11-30 SC047487 core:OtherPropertyPlantEquipment 2025-11-30 SC047487 core:CostValuation 2024-11-30 SC047487 core:CostValuation 2025-11-30 SC047487 6 2025-11-30 SC047487 6 2024-11-30 SC047487 2024-12-01 2025-11-30 SC047487 bus:FilletedAccounts 2024-12-01 2025-11-30 SC047487 bus:SmallEntities 2024-12-01 2025-11-30 SC047487 bus:AuditExemptWithAccountantsReport 2024-12-01 2025-11-30 SC047487 bus:PrivateLimitedCompanyLtd 2024-12-01 2025-11-30 SC047487 bus:Director1 2024-12-01 2025-11-30 SC047487 bus:Director2 2024-12-01 2025-11-30 SC047487 bus:Director3 2024-12-01 2025-11-30 SC047487 bus:Director4 2024-12-01 2025-11-30 SC047487 core:PatentsTrademarksLicencesConcessionsSimilar core:TopRangeValue 2024-12-01 2025-11-30 SC047487 core:LeaseholdImprovements core:TopRangeValue 2024-12-01 2025-11-30 SC047487 core:PlantMachinery 2024-12-01 2025-11-30 SC047487 core:Vehicles 2024-12-01 2025-11-30 SC047487 core:ComputerEquipment 2024-12-01 2025-11-30 SC047487 core:OtherPropertyPlantEquipment 2024-12-01 2025-11-30 SC047487 2023-12-01 2024-11-30 SC047487 core:LandBuildings 2024-12-01 2025-11-30 SC047487 core:LeaseholdImprovements 2024-12-01 2025-11-30 SC047487 core:Non-currentFinancialInstruments 2024-12-01 2025-11-30 iso4217:GBP xbrli:pure

Company No: SC047487 (Scotland)

# BASIL BAIRD (FAREHAM) LIMITED

### Unaudited Financial Statements
For the financial year ended 30 November 2025
Pages for filing with the registrar

BASIL BAIRD (FAREHAM) LIMITED

## Unaudited Financial Statements

For the financial year ended 30 November 2025

Contents

BASIL BAIRD (FAREHAM) LIMITED

## BALANCE SHEET

As at 30 November 2025
BASIL BAIRD (FAREHAM) LIMITED

## BALANCE SHEET (continued)

As at 30 November 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Tangible assets | 3 | 10,748,823 |  | 10,789,267
Investment property | 4 | 11,956,299 |  | 11,539,870
Investments | 5 | 122 |  | 122
|  | 22,705,244 |  | 22,329,259
Current assets |  |  |  |
Stocks | 6 | 985,253 |  | 598,245
Debtors | 7 | 670,838 |  | 548,101
Cash at bank and in hand |  | 1,446,472 |  | 1,359,341
|  | 3,102,563 |  | 2,505,687
Creditors: amounts falling due within one year | 8 | ( 1,004,220) |  | ( 1,054,156)
Net current assets |  | 2,098,343 |  | 1,451,531
Total assets less current liabilities |  | 24,803,587 |  | 23,780,790
Creditors: amounts falling due after more than one year | 9 | 0 |  | ( 19,202)
Provision for liabilities |  | ( 4,188,451) |  | ( 4,084,229)
Net assets |  | 20,615,136 |  | 19,677,359
Capital and reserves |  |  |  |
Called-up share capital |  | 116 |  | 116
Share premium account |  | 224,084 |  | 224,084
Fair value reserve |  | 12,012,427 |  | 11,700,105
Profit and loss account |  | 8,378,509 |  | 7,753,054
Total shareholders' funds |  | 20,615,136 |  | 19,677,359

For the financial year ending 30 November 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 Profit and Loss Account has not been delivered.

The financial statements of Basil Baird (Fareham) Limited (registered number: SC047487) were approved and authorised for issue by the Board of Directors on 20 August 2026. They were signed on its behalf by:

Basil Baird Director |

BASIL BAIRD (FAREHAM) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2025
BASIL BAIRD (FAREHAM) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 November 2025

##### 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

Basil Baird (Fareham) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is S&W Partners Q Court, 3 Quality Street, Edinburgh, EH4 5BP, Scotland, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

##### Going concern

The financial statements have been prepared on a going concern basis.
The directors have made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

##### Foreign currency

Foreign currency transactions are translated into Sterling using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Nonmonetary items measured at historical cost are translated using the exchange rate at the date of the transaction.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the Profit and loss account.

##### Turnover

Turnover comprises revenue recognised by the company in respect of agricultural produce and livestock sold during the year and income from commercial buildings. Turnover also includes Basic Payment Scheme receipts which are recognised on a calendar year basis and environmental grant receipts which are recognised in the period in which they are received.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Taxation

Current tax
The tax expense represents the sum of the tax currently payable and any deferred tax.
The current tax charge is based on the 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 never 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 where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date.
Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised. Deferred tax assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit.
Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset realised. Deferred tax is charged or credited to profit or loss, except when it relates to items charged or credited directly to other comprehensive income, in which case the deferred tax is also dealt with in other comprehensive income.

##### Intangible assets

Intangible assets are recognised at deemed cost and amortised over the useful life of the asset.
A deferred income liability has been recognised in respect of these intangible fixed assets. The deferred income is then released over the useful life of the asset to match the related amortisation.
Amortisation is being provided over the useful life of the asset on a straight line basis.

Trademarks, patents and licences | 5 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 | not depreciated
Leasehold improvements | 20 years straight line
Plant and machinery | 15 % reducing balance
Vehicles | 15 - 22.5 % reducing balance
Computer equipment | 25 % reducing balance
Other property, plant and equipment | 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.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Investment property

Investment property is carried at fair value as determined annually by the directors. No depreciation is provided. Changes in fair value are recognised in the Profit and loss account.

##### Stocks

Stocks, including biological assets, are valued at the lower of cost and net realisable value under the cost model. Where accurate cost figures are not available, the deemed cost of production has been used, for crops this is 75% of market value. Work in progress includes labour and attributable overheads.

##### 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 creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.
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.

Investments
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

##### Pensions

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 10 |  | 10

#### 3. Tangible assets

| Land and buildings |  | Leasehold improve- ments |  | Plant and machinery |  | Vehicles |  | Computer equipment |  | Other property, plant and equipment |  | Total
| £ |  | £ |  | £ |  | £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |  |  |  |  |  |  |
At 01 December 2024 | 8,628,451 |  | 1,023,429 |  | 2,308,719 |  | 450,398 |  | 16,526 |  | 133,355 |  | 12,560,878
Additions | 0 |  | 45,759 |  | 202,880 |  | 0 |  | 1,610 |  | 11,875 |  | 262,124
Disposals | 0 |  | 0 |  | ( 10,050) |  | ( 63,240) |  | 0 |  | 0 |  | ( 73,290)
At 30 November 2025 | 8,628,451 |  | 1,069,188 |  | 2,501,549 |  | 387,158 |  | 18,136 |  | 145,230 |  | 12,749,712
Accumulated depreciation |  |  |  |  |  |  |  |  |  |  |  |  |
At 01 December 2024 | 0 |  | 338,451 |  | 1,309,062 |  | 117,579 |  | 6,519 |  | 0 |  | 1,771,611
Charge for the financial year | 0 |  | 37,292 |  | 164,510 |  | 59,568 |  | 2,569 |  | 1,573 |  | 265,512
Disposals | 0 |  | 0 |  | ( 4,568) |  | ( 31,666) |  | 0 |  | 0 |  | ( 36,234)
At 30 November 2025 | 0 |  | 375,743 |  | 1,469,004 |  | 145,481 |  | 9,088 |  | 1,573 |  | 2,000,889
Net book value |  |  |  |  |  |  |  |  |  |  |  |  |
At 30 November 2025 | 8,628,451 |  | 693,445 |  | 1,032,545 |  | 241,677 |  | 9,048 |  | 143,657 |  | 10,748,823
At 30 November 2024 | 8,628,451 |  | 684,978 |  | 999,657 |  | 332,819 |  | 10,007 |  | 133,355 |  | 10,789,267
Leased assets included above: |  |  |  |  |  |  |  |  |  |  |  |  |
Net book value |  |  |  |  |  |  |  |  |  |  |  |  |
At 30 November 2025 | 0 |  | 0 |  | 61,692 |  | 0 |  | 0 |  | 0 |  | 61,692
At 30 November 2024 | 0 |  | 0 |  | 72,579 |  | 0 |  | 0 |  | 0 |  | 72,579

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 December 2024 | 11,539,870
Fair value movement | 416,429
As at 30 November 2025 | 11,956,299

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 2025 |  | 2024
| £ |  | £
Historic cost | 6,157,762 |  | 6,157,762

#### 5. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 December 2024 | 122 |  | 122
At 30 November 2025 | 122 |  | 122
Carrying value at 30 November 2025 | 122 |  | 122
Carrying value at 30 November 2024 | 122 |  | 122

#### 6. Stocks

| 2025 |  | 2024
| £ |  | £
Work in progress | 432,802 |  | 143,758
Crops | 552,451 |  | 454,487
| 985,253 |  | 598,245

#### 7. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 264,531 |  | 280,982
Prepayments and accrued income | 316,429 |  | 242,375
Other debtors | 89,878 |  | 24,744
| 670,838 |  | 548,101

#### 8. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 329,843 |  | 366,913
Accruals and deferred income | 176,947 |  | 378,339
Corporation tax | 298,538 |  | 99,847
Other taxation and social security | 31,334 |  | 49,997
Obligations under finance leases and hire purchase contracts | 19,302 |  | 19,340
Other creditors | 148,256 |  | 139,720
| 1,004,220 |  | 1,054,156

#### 9. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Obligations under finance leases and hire purchase contracts | 0 |  | 19,202

There are no amounts included above in respect of which any security has been given by the small entity.

#### 10. Related party transactions

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Included in other creditors due to the directors is | 0 |  | 149,042
Included in other debtors due from the directors is | 57,741 |  | 0