Company No: 15757265 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Director

N C Kenward (Appointed 03 June 2024)

Secretary

M J Kenward

Registered office	Eastwood Farm Rusper Road
	Newdigate
	Dorking
	RH5 5BX
	United Kingdom

Company number

15757265 (England and Wales)

Accountant	Kreston Reeves LLP
	Springfield House
	Springfield Road
	Horsham
	West Sussex
	RH12 2RG

	Note	31.03.2025
		£
Fixed assets
Tangible assets	3	1,575,334
		1,575,334
Current assets
Debtors	4	752
Cash at bank and in hand		24,701
		25,453
Creditors: amounts falling due within one year	5	( 1,601,800)
Net current liabilities		(1,576,347)
Total assets less current liabilities		(1,013)
Net liabilities		( 1,013)
Capital and reserves
Called-up share capital	6	2
Profit and loss account		( 1,015 )
Total shareholders' deficit		( 1,013)

For the financial period ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The director acknowledges 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 Templewood Farm Ltd (registered number: 15757265) were approved and authorised for issue by the Director on 08 September 2025. They were signed on its behalf by:

N C Kenward Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Templewood Farm 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 Eastwood Farm Rusper Road, Newdigate, Dorking, RH5 5BX, 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 £1.

The Company was incorporated on 3rd June 2024 and commenced trading on the same date.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £1,013 at the period end. The Company is supported through loans from an Associated company. The director has received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements. After making enquiries, the director believes that any foreseeable debts can be met 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

Revenue from licences is recognised in the period in which the licence relate to. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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 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.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Ordinary share capital

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

2. Employees

	Period from 03.06.2024 to 31.03.2025
	Number
Monthly average number of persons employed by the Company during the period, including the director	1

3. Tangible assets

	Land and buildings		Total
	£		£
Cost
At 03 June 2024	0		0
Additions	1,575,334		1,575,334
At 31 March 2025	1,575,334		1,575,334
Accumulated depreciation
At 03 June 2024	0		0
At 31 March 2025	0		0
Net book value
At 31 March 2025	1,575,334		1,575,334

4. Debtors

	31.03.2025
	£
Trade debtors	750
Other debtors	2
	752

5. Creditors: amounts falling due within one year

	31.03.2025
	£
Amounts owed to associates	1,600,000
Accruals	1,800
	1,601,800

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

6. Called-up share capital

	31.03.2025
	£
Allotted, called-up and fully-paid
100 A ordinary shares of £ 0.01 each	1
100 B ordinary shares of £ 0.01 each	1
	2

On incorporation, 100 Ordinary A shares and 100 Ordinary B shares of £0.01 each were issued and fully paid at par.

7. Related party transactions

Other related party transactions

	31.03.2025
	£
Nick Kenward Construction Ltd	1,600,000

Associated company
During the period, a loan of £1,600,000 was provided to the Company by Nick Kenward Construction Ltd., with the loan repayable on demand. Nick Kenward Construction Ltd reserves the right to charge interest at a rate of no more than 5% per annum on the unpaid principal balance.