REGISTERED NUMBER: 08113380 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Foxhollow Farm Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

157,453

107,162

Biological assets

6

-

10,464

157,453

117,626

CURRENT ASSETS

Stocks

7

546,871

535,866

Debtors

8

187,896

163,848

Cash at bank

947,857

582,596

1,682,624

1,282,310

CREDITORS

Amounts falling due within one year

9

462,334

324,213

NET CURRENT ASSETS

1,220,290

958,097

TOTAL ASSETS LESS CURRENT LIABILITIES

1,377,743

1,075,723

PROVISIONS FOR LIABILITIES

28,770

22,672

NET ASSETS

1,348,973

1,053,051

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,348,873

1,052,951

1,348,973

1,053,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2025 and were signed on its behalf by:

R H Parry-Jones - Director

S J Parry-Jones - Director

1.	STATUTORY INFORMATION

Foxhollow Farm Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

08113380

Registered office:

Oake House

Silver Street

West Buckland

Wellington

Somerset

TA21 9LR

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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

BPS Entitlements, have been fully amortised to £nil to represent the end of useful life

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

40% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less any provision for impairment.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Financial instruments

Classification

The company holds the following financial instruments:

Short term debtors and creditors;

Cash and bank balances; and

Unlisted investments.

All financial instruments are classified as basic.

Recognition and measurement

The company has elected to apply the provisions FRS102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transition costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

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 2 (2023 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

BPS

Entitlements

£

COST

At 1 January 2024

1,678

Disposals

(1,678

)

At 31 December 2024

-

AMORTISATION

At 1 January 2024

1,678

Eliminated on disposal

(1,678

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

19,155

207,503

226,658

Additions

13,275

87,654

100,929

Disposals

-

(18,124

)

(18,124

)

At 31 December 2024

32,430

277,033

309,463

DEPRECIATION

At 1 January 2024

2,682

116,814

119,496

Charge for year

648

43,128

43,776

Eliminated on disposal

-

(11,262

)

(11,262

)

At 31 December 2024

3,330

148,680

152,010

NET BOOK VALUE

At 31 December 2024

29,100

128,353

157,453

At 31 December 2023

16,473

90,689

107,162

6.	BIOLOGICAL ASSETS

Biological

assets

£

COST

At 1 January 2024

14,648

Disposals

(14,648

)

At 31 December 2024

-

PROVISIONS

At 1 January 2024

4,184

Eliminated on disposal

(4,184

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

10,464

7.

STOCKS

2024

2023

£

£

Biological current assets

546,871

493,532

Inventory

-

42,334

546,871

535,866

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

157,341

128,954

Other debtors

30,555

34,894

187,896

163,848

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

130,308

118,389

Tax

100,901

24,011

Other creditors

11,896

11,896

Directors' loan accounts

215,749

166,527

Accruals and deferred income

3,480

3,390

462,334

324,213

10.	RELATED PARTY DISCLOSURES

The company owns buildings which are situated on land owned by a SIPP controlled by the directors

11.	BPS ENTITLEMENTS

As at 31st December 2023, the Company held Basic Payment Scheme (BPS) entitlements which

were recognised as an intangible asset on the balance sheet.

During the financial year ended 31st December 2024, it was determined that the BPS entitlements

no longer held any economic value due to the cessation of the Basic Payment Scheme. As a result,

the entitlements were assessed to have a fair value of zero.

In accordance with FRS 102), the Company has derecognised the BPS entitlements from its balance sheet. The carrying amount of the entitlements as at 1st January 2024 was £nil.

Therefore, there is no loss to be recognised in profit and loss account for the year ended 31st December 2024.