Company No: 14638823 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.12.2024		31.12.2023
		£		£
Fixed assets
Tangible assets	3	104,424		11,842
		104,424		11,842
Current assets
Stocks		36,428		17,757
Debtors	4	82,010		9,161
Cash at bank and in hand		189		7,937
		118,627		34,855
Creditors: amounts falling due within one year	5	( 182,872)		( 84,882)
Net current liabilities		(64,245)		(50,027)
Total assets less current liabilities		40,179		(38,185)
Creditors: amounts falling due after more than one year	6	( 39,422)		0
Provision for liabilities	7	( 189)		0
Net assets/(liabilities)		568		( 38,185)
Capital and reserves
Called-up share capital	8	1		1
Profit and loss account		567		( 38,186 )
Total shareholder's funds/(deficit)		568		( 38,185)

For the financial year ending 31 December 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year 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 Kendall Farming Ltd (registered number: 14638823) were approved and authorised for issue by the Director on 26 September 2025. They were signed on its behalf by:

Mr K Kendall 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 period, unless otherwise stated.

General information and basis of accounting

Kendall Farming 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 West Nancemeer Farm, St Newlyn East, Newquay, TR8 5JB, United Kingdom.

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 director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has 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 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.

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.

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:

Plant and machinery	20 % reducing balance
Vehicles	20 % reducing balance

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.

Impairment of assets

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

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.

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

	Year ended 31.12.2024		Period from 03.02.2023 to 31.12.2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Plant and machinery		Vehicles		Total
	£		£		£
Cost
At 01 January 2024	12,749		0		12,749
Additions	77,368		28,000		105,368
At 31 December 2024	90,117		28,000		118,117
Accumulated depreciation
At 01 January 2024	907		0		907
Charge for the financial year	12,319		467		12,786
At 31 December 2024	13,226		467		13,693
Net book value
At 31 December 2024	76,891		27,533		104,424
At 31 December 2023	11,842		0		11,842
Leased assets included above:
Net book value
At 31 December 2024	36,250		27,533		63,783
At 31 December 2023	0		0		0

4. Debtors

	31.12.2024		31.12.2023
	£		£
Trade debtors	711		0
Amounts owed by director	46,828		0
VAT recoverable	2,626		9,161
Other debtors	31,845		0
	82,010		9,161

5. Creditors: amounts falling due within one year

	31.12.2024		31.12.2023
	£		£
Trade creditors	87,068		6,595
Taxation and social security	15,804		0
Obligations under finance leases and hire purchase contracts	13,757		0
Other creditors	66,243		78,287
	182,872		84,882

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

	31.12.2024		31.12.2023
	£		£
Obligations under finance leases and hire purchase contracts	39,422		0

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

7. Deferred tax

	31.12.2024		31.12.2023
	£		£
At the beginning of financial year/period	0		0
Charged to the Profit and Loss Account	( 189)		0
At the end of financial year/period	( 189)		0

8. Called-up share capital

	31.12.2024		31.12.2023
	£		£
Allotted, called-up and fully-paid
1 Ordinary share of £ 1.00	1		1

9. Financial commitments

Commitments

Capital commitments are as follows:

	31.12.2024		31.12.2023
	£		£
Contracted for but not provided for:
Finance leases entered into	74,296		91,532
Other	493,000		527,800
	567,296		619,332

10. Related party transactions

Transactions with the entity's director

	31.12.2024		31.12.2023
	£		£
Mr K Kendall	46,827		(31,786)

During the year the company advance the director £102,493 and £23,879 was repaid. Interest was charged at 2.25% on the loan.

Other related party transactions

	31.12.2024		31.12.2023
	£		£
Kendall Crop Spraying Limited	16,041		0

The directors and shareholders are the same in Kendall Farming Limited and Kendall Crop Spraying Limited.

During the year Kendall Crop Spraying Limited advanced the Company £89,396 and £105,437 was repaid. No interest is being charged on the loan.