Company No: 00677330 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2026		2025
		£		£
Fixed assets
Tangible assets	3	7,134,969		7,013,724
		7,134,969		7,013,724
Current assets
Stocks		633,593		522,920
Debtors	4	1,027,243		1,017,159
Investments	5	113,975		107,479
Cash at bank and in hand		2,203		5,303
		1,777,014		1,652,861
Creditors: amounts falling due within one year	6	( 1,324,634)		( 716,660)
Net current assets		452,380		936,201
Total assets less current liabilities		7,587,349		7,949,925
Creditors: amounts falling due after more than one year	7	( 4,521,570)		( 4,809,764)
Provision for liabilities		( 407,015)		( 428,562)
Net assets		2,658,764		2,711,599
Capital and reserves
Called-up share capital	8	14,000		14,000
Share premium account		58,000		58,000
Profit and loss account		2,586,764		2,639,599
Total shareholders' funds		2,658,764		2,711,599

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of F G Brewer & Sons (Farms) Limited (registered number: 00677330) were approved and authorised for issue by the Board of Directors on 29 August 2026. They were signed on its behalf by:

A C Brewer Director

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

F G Brewer & Sons (Farms) 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 Ennis Barton, Fraddon, St Columb, TR9 6EY, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

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 value added tax.

The company recognises revenue when:
The amount of revenue can be reliably measured,
and it is probable that future economic benefits will flow to the entity

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 Balance Sheet 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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, reducing balance] basis over its expected useful life, as follows:

Land and buildings	not depreciated
Plant and machinery	10 - 20 % reducing balance
Vehicles	20 % reducing balance
Fixtures and fittings	20 years straight line
Tools and equipment	10 years straight line

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.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method.

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.

Derivative financial instruments
The Company uses interest rate swaps to reduce exposure to interest rate movements. The company does not hold of issue derivative financial instruments for speculative purposes.

The swap was initially held at fair value at the date the contract was entered into and is subsequently remeasured to its fair value at each reporting date. The fair value is the open market value of the swap based on current market expectations of future interest rates. The resulting gain or loss is recognised as interest payable/receivable within the profit and loss statement.

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 Balance Sheet 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.

2. Employees

	2026		2025
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	10		9

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Tools and equipment		Total
	£		£		£		£		£		£
Cost
At 01 April 2025	5,507,869		1,779,958		67,745		978,431		337,955		8,671,958
Additions	264,977		39,829		0		0		3,450		308,256
At 31 March 2026	5,772,846		1,819,787		67,745		978,431		341,405		8,980,214
Accumulated depreciation
At 01 April 2025	0		841,846		40,700		644,138		131,550		1,658,234
Charge for the financial year	0		98,136		5,409		48,921		34,545		187,011
At 31 March 2026	0		939,982		46,109		693,059		166,095		1,845,245
Net book value
At 31 March 2026	5,772,846		879,805		21,636		285,372		175,310		7,134,969
At 31 March 2025	5,507,869		938,112		27,045		334,293		206,405		7,013,724

Within tangible fixed assets there are assets secured under hire purchase and lease agreements with a net book value of £56,365 (2025 - £62,628).

4. Debtors

	2026		2025
	£		£
Trade debtors	30,219		62,352
Prepayments	90,136		32,897
VAT recoverable	59,142		20,859
Other debtors	847,746		901,051
	1,027,243		1,017,159

5. Current asset investments

	2026		2025
	£		£
Other investments – at cost less impairment	113,975		107,479

6. Creditors: amounts falling due within one year

	2026		2025
	£		£
Bank loans and overdrafts	687,588		463,423
Trade creditors	424,268		67,573
Taxation and social security	45,901		77,555
Obligations under finance leases and hire purchase contracts	2,936		11,750
Other creditors	163,941		96,359
	1,324,634		716,660

Within current loans and borrowings there is £670,723 (2025 - £265,800) of debt which is secured against the freehold assets of the company.

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

	2026		2025
	£		£
Bank loans	4,521,570		4,806,828
Obligations under finance leases and hire purchase contracts	0		2,936
	4,521,570		4,809,764

Creditors amounts falling due after more than one year includes a total of £4,516,035 on which security has been given by the company.

8. Called-up share capital

	2026		2025
	£		£
Allotted, called-up and fully-paid
2,000 A share ordinary shares of £ 1.00 each	2,000		2,000
1,500 B share ordinary shares of £ 1.00 each	1,500		1,500
1,500 C share ordinary shares of £ 1.00 each	1,500		1,500
9,000 D share ordinary shares of £ 1.00 each	9,000		9,000
	14,000		14,000

9. Related party transactions

Transactions with the entity's directors

During the year there were transactions with a company under common control. At the year end the company was owed £843,992 (2025 - £886,681) by the related party.