REGISTERED NUMBER: 00650252 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

G.B. Foot Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M I Dalgarno

Mrs G E Filson

Mrs C D Walton

R B Cessford

SECRETARY:

Mrs G E Filson

REGISTERED OFFICE:

The Farm Office

Manor Farm

Monk Sherborne

Tadley

Hampshire

RG26 5HW

REGISTERED NUMBER:

00650252 (England and Wales)

ACCOUNTANTS:

Lane Monnington Welton

Chartered Accountants

Riverside View

Basing Road

Old Basing

Basingstoke

Hampshire

RG24 7AL

FIXED ASSETS

Tangible assets

4

1,898,720

1,913,243

Investments

5

219,416

197,437

2,118,136

2,110,680

CURRENT ASSETS

Stocks

718,868

811,290

Debtors

6

663,268

215,497

Cash at bank and in hand

830,086

697,185

2,212,222

1,723,972

CREDITORS

Amounts falling due within one year

7

594,935

265,598

NET CURRENT ASSETS

1,617,287

1,458,374

TOTAL ASSETS LESS CURRENT LIABILITIES

3,735,423

3,569,054

PROVISIONS FOR LIABILITIES

9

112,610

127,269

NET ASSETS

3,622,813

3,441,785

CAPITAL AND RESERVES

Called up share capital

10

42,300

42,300

Share premium

29,097

29,097

Fair value reserve

11

125,810

109,326

Retained earnings

3,425,606

3,261,062

SHAREHOLDERS' FUNDS

3,622,813

3,441,785

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 18 May 2026 and were signed on its behalf by:

M I Dalgarno - Director

1.	STATUTORY INFORMATION

G.B. Foot Limited 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents amounts receivable for goods and services, net of VAT and trade discounts. Crop sales have been adjusted for opening and closing stocks.

Basic Payment Scheme has been recognised as appropriate.

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

-

at varying rates on cost

Plant and machinery

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments

Debtors and creditors payable/receivable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings

Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Investments

Investments in shares are included at fair value. Fair value gains or losses are recognised in the profit or loss account.

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, adjusted for indexation where appropriate.

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.

Impairment

Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

property

machinery

Totals

£

£

£

COST

At 1 January 2025

2,107,730

2,085,846

4,193,576

Additions

73,035

8,500

81,535

At 31 December 2025

2,180,765

2,094,346

4,275,111

DEPRECIATION

At 1 January 2025

545,781

1,734,552

2,280,333

Charge for year

7,908

88,150

96,058

At 31 December 2025

553,689

1,822,702

2,376,391

NET BOOK VALUE

At 31 December 2025

1,627,076

271,644

1,898,720

At 31 December 2024

1,561,949

351,294

1,913,243

5.	FIXED ASSET INVESTMENTS

Listed

Unlisted

investments

investments

Totals

£

£

£

COST OR VALUATION

At 1 January 2025

185,769

11,668

197,437

Revaluations

21,979

-

21,979

At 31 December 2025

207,748

11,668

219,416

NET BOOK VALUE

At 31 December 2025

207,748

11,668

219,416

At 31 December 2024

185,769

11,668

197,437

Cost or valuation at 31 December 2025 is represented by:

Listed

Unlisted

investments

investments

Totals

£

£

£

Valuation in 2021

112,635

-

112,635

Valuation in 2022

(13,026

)

-

(13,026

)

Valuation in 2023

16,401

-

16,401

Valuation in 2024

29,759

-

29,759

Valuation in 2025

21,979

-

21,979

Cost

40,000

11,668

51,668

207,748

11,668

219,416

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade debtors

529,137

97,587

Other debtors

134,131

117,910

663,268

215,497

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Trade creditors

45,707

32,682

Taxation and social security

101,685

86,789

Other creditors

447,543

146,127

594,935

265,598

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

31.12.25

31.12.24

£

£

Within one year

65,250

57,000

9.	PROVISIONS FOR LIABILITIES

31.12.25

31.12.24

£

£

Deferred tax

112,610

127,269

Deferred

tax

£

Balance at 1 January 2025

127,269

Accelerated capital allowances

(20,154

)

Revalue investments

5,495

Balance at 31 December 2025

112,610

10.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

21,300

Ordinary

£1

21,300

21,300

21,000

Preference

£1

21,000

21,000

42,300

42,300

11.

RESERVES

Fair

value

reserve

£

At 1 January 2025

109,326

Revalue investments

21,979

Deferred tax movement

(5,495

)

At 31 December 2025

125,810