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REGISTERED NUMBER: 14581972 (England and Wales)

| PAGE FARMING LIMITED |

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 30 JUNE 2025 |

PAGE FARMING LIMITED (REGISTERED NUMBER: 14581972)

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

| Page |

Company Information | 1 |

Statement of Financial Position | 2 |  | to |  | 3

Notes to the Financial Statements | 4 |  | to |  | 6

Accountants' Report | 7 |

PAGE FARMING LIMITED

COMPANY INFORMATION

FOR THE YEAR ENDED 30 JUNE 2025

| DIRECTORS: | G W Page

| S H Page

| REGISTERED OFFICE: | Smite Hill Farm

| Wiverton

| Bingham

| Nottinghamshire

| NG13 8GU

| REGISTERED NUMBER: | 14581972 (England and Wales)

| ACCOUNTANTS: | Duncan & Toplis Limited

| 18 Northgate

| Sleaford

| Lincolnshire

| NG34 7BJ

PAGE FARMING LIMITED (REGISTERED NUMBER: 14581972)

STATEMENT OF FINANCIAL POSITION

30 JUNE 2025

| 2025 | 2024 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 581,334 |  | 479,035 |  |

Investments | 5 | 823 |  | 823 |  |

582,157 |  | 479,858 |  |

CURRENT ASSETS

Valuation | 228,606 |  | 221,597 |  |

Debtors | 6 | 77,411 |  | 84,226 |  |

Cash at bank | 17,581 |  | 16,742 |  |

323,598 |  | 322,565 |  |

CREDITORS

Amounts falling due within one year | 7 | 717,926 |  | 739,776 |  |

NET CURRENT LIABILITIES | (394,328 | ) | (417,211 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 187,829 |  | 62,647 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (81,403 | ) | (75,754 | ) |

PROVISIONS FOR LIABILITIES | (131,111 | ) | (107,914 | ) |

NET LIABILITIES | (24,685 | ) | (121,021 | ) |

CAPITAL AND RESERVES

Called up share capital | 10 | 100 |  | 100 |  |

Retained earnings | (24,785 | ) | (121,121 | ) |

SHAREHOLDERS' FUNDS | (24,685 | ) | (121,021 | ) |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

PAGE FARMING LIMITED (REGISTERED NUMBER: 14581972)

STATEMENT OF FINANCIAL POSITION - continued

30 JUNE 2025

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2025 and were signed on its behalf by:

G W Page - Director

PAGE FARMING LIMITED (REGISTERED NUMBER: 14581972)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

1. | STATUTORY INFORMATION

| Page Farming 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.

| The presentation currency of the financial statements is the Pound Sterling (£).

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.

| Land and buildings | - | 10% on cost and not provided

| Plant and machinery etc | - | 25% on reducing balance, 10% on reducing balance, 5% on cost and not provided

| Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

| Stocks

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

| A professional valuation is carried out each year by an independent agricultural valuer. Stock is valued at the lower of cost and fair value less costs to complete and sell after making due allowance for slow moving items. Costs include any cost of production incurred to bring the stock to its state at the balance sheet date

| Taxation

| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

| Deferred tax

| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

PAGE FARMING LIMITED (REGISTERED NUMBER: 14581972)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

2. | ACCOUNTING POLICIES - continued

| 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.

| Government grants

| Grants are recognised as income in the period in which they become receivable.

| Going concern

| Whilst the company has negative shareholder funds, the financial statements have been prepared on a going concern basis as the directors have agreed to provide sufficient finance to meet the financial needs of the company for the next twelve months. On this basis it is considered the company can successfully trade.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 3 (2024 - 3 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST

| At 1 July 2024 | 27,199 |  | 518,571 |  | 545,770 |  |

| Additions | - |  | 185,700 |  | 185,700 |  |

| Disposals | - |  | (35,948 | ) | (35,948 | ) |

| At 30 June 2025 | 27,199 |  | 668,323 |  | 695,522 |  |

| DEPRECIATION

| At 1 July 2024 | 1,297 |  | 65,438 |  | 66,735 |  |

| Charge for year | 1,297 |  | 51,628 |  | 52,925 |  |

| Eliminated on disposal | - |  | (5,472 | ) | (5,472 | ) |

| At 30 June 2025 | 2,594 |  | 111,594 |  | 114,188 |  |

| NET BOOK VALUE

| At 30 June 2025 | 24,605 |  | 556,729 |  | 581,334 |  |

| At 30 June 2024 | 25,902 |  | 453,133 |  | 479,035 |  |

| The net book value of tangible fixed assets includes £ 310,090 (2024 - £ 202,146 ) in respect of assets held under hire purchase contracts.

PAGE FARMING LIMITED (REGISTERED NUMBER: 14581972)

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30 JUNE 2025

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| At 1 July 2024

| and 30 June 2025 | 823 |  |

| NET BOOK VALUE

| At 30 June 2025 | 823 |  |

| At 30 June 2024 | 823 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Trade debtors | 6,930 |  | 22,992 |  |

| Other debtors | 70,481 |  | 61,234 |  |

77,411 |  | 84,226 |  |

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans and overdrafts | 70,330 |  | 102,393 |  |

| Hire purchase contracts | 33,158 |  | 43,315 |  |

| Trade creditors | 65,777 |  | 43,905 |  |

| Taxation and social security | 6,639 |  | 2,191 |  |

| Other creditors | 542,022 |  | 547,972 |  |

717,926 |  | 739,776 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2025 | 2024 |

£ | £ |

| Bank loans | 16,981 |  | 30,455 |  |

| Hire purchase contracts | 64,422 |  | 35,659 |  |

| Other creditors | - |  | 9,640 |  |

81,403 |  | 75,754 |  |

9. | SECURED DEBTS

| The hire purchase and bank loan are secured on the assets to which they relate.

10. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 2025 | 2024 |

| value: | £ | £ |

| 100 | Ordinary | £1 | 100 |  | 100 |  |

11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

| At the year end the company owed the directors £522,464 (2024 - £523,531). All loans are unsecured, interest free and repayable on demand, with interest being charged at the official rate..

ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS

ON THE UNAUDITED FINANCIAL STATEMENTS OF

PAGE FARMING LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Page Farming Limited for the year ended 30 June 2025 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of Page Farming Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Page Farming Limited and state those matters that we have agreed to state to the Board of Directors of Page Farming Limited, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Page Farming Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Page Farming Limited. You consider that Page Farming Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Page Farming Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Duncan & Toplis Limited

18 Northgate

Sleaford

Lincolnshire

NG34 7BJ

24 September 2025