Company No: 07914207 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	591,280		289,455
		591,280		289,455
Current assets
Stocks		27,365		39,250
Debtors	4	29,896		19,290
Cash at bank and in hand		152,620		254,828
		209,881		313,368
Creditors: amounts falling due within one year	5	( 184,276)		( 49,811)
Net current assets		25,605		263,557
Total assets less current liabilities		616,885		553,012
Provision for liabilities		( 52,649)		( 18,399)
Accruals and deferred income		( 79,643)		( 84,747)
Net assets		484,593		449,866
Capital and reserves
Called-up share capital	6	600		600
Profit and loss account		483,993		449,266
Total shareholders' funds		484,593		449,866

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have 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 Boscastle Farm Shop Limited (registered number: 07914207) were approved and authorised for issue by the Board of Directors on 16 October 2025. They were signed on its behalf by:

Mr R Haddy 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

Boscastle Farm Shop 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 Boscastle Farm Shop, Hillsborough, St Juliot, Boscastle,, Cornwall, PL35 0HH, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and 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 £.

Turnover

Turnover is stated net of VAT. 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. The company recognises revenue when:
The amount of revenue can 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.

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.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

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:

Land and buildings	22 years straight line
Plant and machinery	15 % reducing balance
Vehicles	15 % reducing balance

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. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

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

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	35		29

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Total
	£		£		£		£
Cost
At 01 February 2024	276,533		289,941		14,495		580,969
Additions	244,093		92,372		0		336,465
At 31 January 2025	520,626		382,313		14,495		917,434
Accumulated depreciation
At 01 February 2024	109,287		176,146		6,081		291,514
Charge for the financial year	13,617		19,761		1,262		34,640
At 31 January 2025	122,904		195,907		7,343		326,154
Net book value
At 31 January 2025	397,722		186,406		7,152		591,280
At 31 January 2024	167,246		113,795		8,414		289,455

4. Debtors

	2025		2024
	£		£
Other debtors	29,896		19,290

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank overdrafts	11,332		0
Trade creditors	135,091		9,699
Other taxation and social security	8,794		25,988
Other creditors	29,059		14,124
	184,276		49,811

6. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
100 Ordinary A Shares of £1 each shares of £ 1.00 each	100		100
100 Ordinary B Shares of £1 each shares of £ 1.00 each	100		100
100 Ordinary C Shares of £1 each shares of £ 1.00 each	100		100
100 Ordinary D Shares of £1 each shares of £ 1.00 each	100		100
100 Ordinary E Shares of £1 each shares of £ 1.00 each	100		100
100 Ordinary shares of £1 each shares of £ 1.00 each	100		100
	600		600

7. Financial commitments

Commitments

The total amount of financial commitments not included in the balance sheet is £84,665 (2024 : £88,936).

8. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Balance brought forward	8,775		(21,345)
Advances to director	(21,063)		(62,880)
Repayments by director	36,000		93,000
Interest charged on loan account	0		0
Balance carried forward	23,712		8,775

Other related party transactions

	2025		2024
	£		£
Balance brought forward	(17,076)		(8,124)
Advances to shareholder	(19,900)		(17,000)
Repayments by shareholder	18,000		8,100
Interest charged on loan	(412)		(52)
Balance carried forward	(19,388)		(17,076)