Company No: 10996688 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	8,665		10,194
		8,665		10,194
Current assets
Debtors	4	212,022		127,280
Cash at bank and in hand		13,916		46
		225,938		127,326
Creditors: amounts falling due within one year	5	( 217,730)		( 116,939)
Net current assets		8,208		10,387
Total assets less current liabilities		16,873		20,581
Creditors: amounts falling due after more than one year	6	( 10,648)		( 14,810)
Provision for liabilities		( 286)		( 173)
Net assets		5,939		5,598
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		5,839		5,498
Total shareholder's funds		5,939		5,598

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.

Directors' 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 directors acknowledge 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements of Pathway Farming Limited (registered number: 10996688) were approved and authorised for issue by the Board of Directors on 30 September 2025. They were signed on its behalf by:

Mr J Hay Director

Mrs M Waterman 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 year, unless otherwise stated.

General information and basis of accounting

Pathway Farming Limited (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 Lower Cleeve Farm, Ross On Wye, HR9 7TD, 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 directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have 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 comprises the fair value of the consideration received or receivable for the sale of goods and provision of
services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates
and discounts and after eliminating sales within the company.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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

15 % reducing balance

Financial instruments

The company holds the following financial instruments
• Short term trade and other debtors and creditors
• Bank loans; and
• Cash and bank balances.
All financial instruments are classified as basic.

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.

Recognition and measurement

The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the
instrument and 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.
Except for bank loans, such instruments are initially measured at transaction price, including transaction 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.
Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at
amortised cost using the effective interest method.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Plant and machinery		Total
	£		£
Cost
At 01 January 2024	16,600		16,600
At 31 December 2024	16,600		16,600
Accumulated depreciation
At 01 January 2024	6,406		6,406
Charge for the financial year	1,529		1,529
At 31 December 2024	7,935		7,935
Net book value
At 31 December 2024	8,665		8,665
At 31 December 2023	10,194		10,194

4. Debtors

	2024		2023
	£		£
Trade debtors	137,045		97,917
Other debtors	74,977		29,363
	212,022		127,280

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	4,164		10,140
Trade creditors	210,121		103,519
Other creditors	3,445		3,280
	217,730		116,939

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

	2024		2023
	£		£
Bank loans	10,648		14,810

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

7. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100