UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2025

FOR

MARSHALLS FARM LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R J Lywood

Mrs K F Lywood

REGISTERED OFFICE:

The Victoria

25 St Pancras

Chichester

West Sussex

PO19 7LT

REGISTERED NUMBER:

09546034 (England and Wales)

ACCOUNTANTS:

Evans Weir

The Victoria

25 St Pancras

Chichester

West Sussex

PO19 7LT

FIXED ASSETS

Tangible assets

4

773,263

634,647

Investments

5

25,854

25,854

799,117

660,501

CURRENT ASSETS

Stocks

707,591

660,749

Debtors

6

49,558

62,260

Cash at bank

3,780

-

760,929

723,009

CREDITORS

Amounts falling due within one year

7

355,006

468,155

NET CURRENT ASSETS

405,923

254,854

TOTAL ASSETS LESS CURRENT LIABILITIES

1,205,040

915,355

CREDITORS

Amounts falling due after more than one year

8

520,988

387,757

NET ASSETS

684,052

527,598

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

683,952

527,498

SHAREHOLDERS' FUNDS

684,052

527,598

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17th September 2025 and were signed on its behalf by:

R J Lywood - Director

Mrs K F Lywood - Director

1.	STATUTORY INFORMATION

Marshalls Farm 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, 10% on cost, in accordance with the property and Straight line over 3 years

Stocks

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - 7 ).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1st May 2024

1,000,689

Additions

219,291

At 30th April 2025

1,219,980

DEPRECIATION

At 1st May 2024

366,042

Charge for year

80,675

At 30th April 2025

446,717

NET BOOK VALUE

At 30th April 2025

773,263

At 30th April 2024

634,647

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st May 2024

198,265

Additions

63,746

At 30th April 2025

262,011

DEPRECIATION

At 1st May 2024

19,741

Charge for year

20,011

At 30th April 2025

39,752

NET BOOK VALUE

At 30th April 2025

222,259

At 30th April 2024

178,524

5.	FIXED ASSET INVESTMENTS

2025

2024

£

£

Other investments not loans

32

32

Other loans

25,822

25,822

25,854

25,854

Additional information is as follows:

Other

investments

£

COST

At 1st May 2024

and 30th April 2025

32

NET BOOK VALUE

At 30th April 2025

32

At 30th April 2024

32

Other

loans

£

At 1st May 2024

and 30th April 2025

25,822

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

25,937

47,249

Other debtors

23,621

15,011

49,558

62,260

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

16,425

136,062

Hire purchase contracts

46,795

40,107

Trade creditors

144,428

117,763

Taxation and social security

10,457

7,777

Other creditors

136,901

166,446

355,006

468,155

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

159,775

25,833

Hire purchase contracts

41,213

41,924

Other creditors

320,000

320,000

520,988

387,757

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

87,214

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

261

129,732

Bank loans

175,939

32,163

176,200

161,895

10.	RELATED PARTY DISCLOSURES

The directors have made loans to the company totalling £150,000. The lenders have formally agreed not to seek repayment of the loans prior to 30th April 2026. Interest is payable annually on the loans at a rate of 1% above the Bank of England base lending rate after an initial interest free period to 31 December 2015.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is R J Lywood.