Company No: 05977493 (England and Wales)

Contents

• Statement of Financial Position
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	4,097		46,029
Investments	4	0		400
		4,097		46,429
Current assets
Debtors
- due within one year	5	523,541		535,777
- due after more than one year	5	0		803,196
Cash at bank and in hand		392,044		104,086
		915,585		1,443,059
Creditors: amounts falling due within one year	6	( 493,083)		( 515,649)
Net current assets		422,502		927,410
Total assets less current liabilities		426,599		973,839
Creditors: amounts falling due after more than one year	7	( 291,162)		( 321,162)
Net assets		135,437		652,677
Capital and reserves
Called-up share capital	8	4,377		4,731
Share premium account		99,798		99,798
Capital redemption reserve		354		0
Profit and loss account		30,908		548,148
Total shareholders' funds		135,437		652,677

For the financial year ending 31 October 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 Organic Development Ltd (registered number: 05977493) were approved and authorised for issue by the Board of Directors on 30 October 2026. They were signed on its behalf by:

James Alexander Hayward Moffat 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

Organic Development Ltd (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 C/O Bishop Fleming Brook House Manor Drive, Clyst St. Mary, Exeter, EX5 1GD, United Kingdom. The principal place of business is Clyst House, Winslade Park, Exeter, EX5 1GB.

The financial statements have been prepared under the historical cost convention, modified to include 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 Statement of Financial Position 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.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the reporting date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the reporting date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the reporting date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

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 reporting 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 current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets is reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Leasehold improvements	6 years straight line
Office equipment	4 years straight line
Computer equipment	4 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.

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Financial assets
An asset is impaired where there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Where indicators exist for a decrease in impairment loss, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

For financial assets carried at amortised cost, the amount of impairment is the difference between the asset’s carrying amount and the present value of estimated future cash flows, discounted at the financial asset’s original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset’s carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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 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 Statement of Financial Position 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.

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 reporting 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.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	27		30

3. Tangible assets

	Leasehold improve- ments		Office equipment		Computer equipment		Total
	£		£		£		£
Cost
At 01 November 2024	75,162		59,291		39,346		173,799
Additions	0		1,325		1,037		2,362
Disposals	( 75,162)		0		0		( 75,162)
At 31 October 2025	0		60,616		40,383		100,999
Accumulated depreciation
At 01 November 2024	34,005		56,167		37,598		127,770
Charge for the financial year	12,527		2,039		1,098		15,664
Disposals	( 46,532)		0		0		( 46,532)
At 31 October 2025	0		58,206		38,696		96,902
Net book value
At 31 October 2025	0		2,410		1,687		4,097
At 31 October 2024	41,157		3,124		1,748		46,029

4. Fixed asset investments

	Other investments		Total
	£		£
Cost or valuation before impairment
At 01 November 2024	400		400
Disposals	( 400)		( 400)
At 31 October 2025	0		0
Carrying value at 31 October 2025	0		0
Carrying value at 31 October 2024	400		400

5. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Trade debtors	288,896		324,096
Amounts owed by directors	69,988		72,621
Prepayments	32,306		44,641
Deferred tax asset	9,983		0
Corporation tax	54,675		57,851
Other debtors	67,693		36,568
	523,541		535,777
Debtors: amounts falling due after more than one year
Other debtors	0		803,196

At 31 October 2025, amounts owed by associated companies before impairment amounted to £824,696 (2024: £803,196). The directors have assessed the recoverability of these balances and, having regard to the financial position and circumstances of the debtor company, have recognised an impairment provision of £824,696 in the year. Accordingly, the carrying value of the amounts owed by associated companies at 31 October 2025 is £nil.

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	30,000		30,000
Trade creditors	58,142		28,293
Amounts owed to directors	0		2,193
Other loans	14,523		41,707
Accruals and deferred income	265,231		275,328
Taxation and social security	116,226		115,119
Other creditors	8,961		23,009
	493,083		515,649

The bank loan is secured by way of a fixed and floating charge covering all property or undertaking of the company.

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

	2025		2024
	£		£
Bank loans (secured)	10,000		40,000
Other creditors	281,162		281,162
	291,162		321,162

The bank loan is secured by way of a fixed and floating charge covering all property or undertaking of the company.

8. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
312,667 A ordinary shares of £ 0.01 each	3,127		3,127
114,000 B ordinary shares of £ 0.01 each (2024: 127,400 shares of £ 0.01 each)	1,140		1,274
11,000 C ordinary shares of £ 0.01 each (2024: 33,003 shares of £ 0.01 each)	110		330
	4,377		4,731

During the year the Company purchased and cancelled 13,400 Ordinary B shares and 22,003 Ordinary C shares for total consideration of £23,250. The shares were purchased out of distributable profits and were cancelled immediately following the purchase. As a consequence, the Company's issued share capital was reduced by £354 and a capital redemption reserve of £354 was created in accordance with the Companies Act 2006.

9. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
Within one year	50,560		50,560
Between one and five years	37,920		88,480
	88,480		139,040

10. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Amounts owed by the directors	69,988		72,621
Amounts owed to the directors	0		2,193

Interest is charged on overdrawn loan balances at the HMRC approved rate and there are no fixed repayment terms.

Other related party transactions

	2025		2024
	£		£
Amounts owed by associated companies	0		803,196

Amounts owed by associated companies at 31 October 2025 were £824,696 (2024: £803,196), a provision of £824,696 has been recognised against the balance at 31 October 2025, resulting in a net carrying amount of £nil.

No interest is charged on the loan balance and there are no fixed repayment terms.