HOXTON FARMS LTD


Directors	Sophie Bakalar
	Nicholas Halla
	Maximilian George Jamilly
	Edward Oliver Steele
	Jennifer Stonestreet Uhrig


Registered Address	105 Bunhill Row Hylo Building
	105 Bunhill Row
	London
	EC1Y 8LZ


Registered Number	12726158 (England and Wales)

Balance Sheet as at
31 July 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	4		2,041,176		3,040,498
			2,041,176		3,040,498
Current assets
Debtors	5	2,568,504		2,984,186
Cash at bank and on hand		7,092,531		10,415,325
		9,661,035		13,399,511
Creditors amounts falling due within one year	6	(571,351)		(1,281,897)
Net current assets (liabilities)			9,089,684		12,117,614
Total assets less current liabilities			11,130,860		15,158,112
Creditors amounts falling due after one year	7		(7,009,939)		(4,861,665)
Net assets			4,120,921		10,296,447
Capital and reserves
Called up share capital			2		2
Share premium			20,748,009		20,748,009
Profit and loss account			(16,627,090)		(10,451,564)
Shareholders' funds			4,120,921		10,296,447

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 19 September 2025, and are signed on its behalf by:

Maximilian George Jamilly
Director
Registered Company No. 12726158

HOXTON FARMS LTD

Notes to the Financial Statements
for the year ended 31 July 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

	Interest income
	Interest income is recognised using the effective interest rate method.

	Employee benefits
	Contributions to defined contribution plans are expensed in the period to which they relate.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Plant and machinery	3
	Fixtures and fittings	3
	Office Equipment	3

2.	Average number of employees


		2025		2024
	Average number of employees during the year	45		41

3.	Prior period adjustment
	Prior year reclassification In the prior year, the Company classified Simple Agreements for Future Equity (“SAFEs”) within equity. Following a review of the accounting treatment under FRS 102 management has concluded that SAFEs should be presented as liabilities, as they do not represent issued share capital and create an obligation to deliver a variable number of equity instruments in the future. Accordingly, the comparative figures for the year ended 31 Jul 2024 have been restated, with £4,861,665 reclassified from equity to liabilities. This reclassification has no impact on net assets or profit for the year.

Prior period adjustment

Prior year reclassification
In the prior year, the Company classified Simple Agreements for Future Equity (“SAFEs”) within equity. Following a review of the accounting treatment under FRS 102 management has concluded that SAFEs should be presented as liabilities, as they do not represent issued share capital and create an obligation to deliver a variable number of equity instruments in the future.

Accordingly, the comparative figures for the year ended 31 Jul 2024 have been restated, with £4,861,665 reclassified from equity to liabilities. This reclassification has no impact on net assets or profit for the year.

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 August 24	135,417	1,743,140	2,216,576	261,494	4,356,627
Additions	-	172,213	110,702	11,183	294,098
At 31 July 25	135,417	1,915,353	2,327,278	272,677	4,650,725
Depreciation and impairment
At 01 August 24	-	448,167	761,448	106,514	1,316,129
Charge for year	-	484,857	707,204	101,359	1,293,420
At 31 July 25	-	933,024	1,468,652	207,873	2,609,549
Net book value
At 31 July 25	135,417	982,329	858,626	64,804	2,041,176
At 31 July 24	135,417	1,294,973	1,455,128	154,980	3,040,498

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	2,445,954	2,808,756
Other debtors	4	3,592
Prepayments and accrued income	122,546	171,838
Total	2,568,504	2,984,186


	Short-term debtors are measured at the transaction price, less any impairment losses for bad and doubtful debts. Loans and other receivables are initially measured at the transaction price, including any transaction costs, and are subsequently measured at amortised cost using the effective interest method, less any impairment losses for bad and doubtful debts.

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	453,098	1,281,897
Bank borrowings and overdrafts	40,253	-
Accrued liabilities and deferred income	78,000	-
Total	571,351	1,281,897


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	7,009,939	4,861,665
Total	7,009,939	4,861,665